Fly E Group Common Stock Volatility

Key risk metrics for Fly E (3 Months):

Moving together with Fly E Stock

Moving Against Fly E Stock

Sensitivity To Market

3 Months Beta |Fly E Group Demand TrendCurrent 90-day Fly E correlation with market (Dow Jones Industrial)

Downside Risk

Standard Deviation

5.71

Stock Volatility Analysis

Projected Return Density Against Market

Given a 90-day horizon, Fly E has a beta of 0.8327. This usually indicates as returns on the market go up, Fly E's average returns tend to increase less than the benchmark. However, during a bear market, the loss from holding Fly E Group Common tends to be smaller as well. Fly E Group Common has a negative alpha, implying that risk has not been adequately compensated by returns. FLYE is significantly underperforming the Dow Jones Industrial. Fly E's volatility is typically evaluated with standard deviation and beta. Standard deviation reflects how far Fly E's returns usually move from the mean over the selected horizon.

What Drives Fly E's Price Volatility?

Industry Dynamics

Regulatory updates, demand shifts, and competitive changes in the Automobiles sector can move Fly E's volatility even when broad indices are stable.

Political and Economic Environment

Rates, inflation expectations, and policy headlines can shift discount rates and risk appetite for Fly E.

Fly E's Company-Specific Factors

Earnings surprises, guidance changes, management decisions, and litigation risk are common catalysts for sharp re-pricing in Fly E's shares.

Stock Risk Measures

Stock Return Volatility

Fly E historical daily return volatility represents how much of Fly E stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm reported 5.7063% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial reported 0.9279% volatility on return distribution over a 90-day investment horizon.

Related Correlations Analysis

A broader risk-indicator set for Fly E Group Common extends the analysis beyond standard volatility and risk measures. This is most informative when assessing whether the current opportunity is being compensated with reasonable risk.

Pair analysis provides a framework for evaluating relative performance between Fly E Group Common and comparable securities. The advantage is that adverse movement in one leg may be partly offset by the other when correlation and thesis alignment hold.

The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Fly E as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Fly E's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Fly E's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Fly E Group Common.