Greene County Bancorp Stock Volatility
| GCBC Stock | USD 24.04 0.16 0.67% |
At this point, Greene County is very steady. Greene County Bancorp holds Efficiency (Sharpe) Ratio of 0.0674, which attests that the entity had a 0.0674 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Greene County Bancorp, which you can use to evaluate the volatility of the firm. Please check out Greene County's Downside Deviation of 1.72, market risk adjusted performance of 0.1857, and Risk Adjusted Performance of 0.0664 to validate if the risk estimate we provide is consistent with the expected return of 0.15%.
Sharpe Ratio = 0.0674
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Based on monthly moving average Greene County is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Greene County by adding it to a well-diversified portfolio.
Key indicators related to Greene County's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Greene County Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Greene daily returns, and it is calculated using variance and standard deviation. We also use Greene's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Greene County volatility.
ESG Sustainability
While most ESG disclosures are voluntary, Greene County's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Greene County's managers and investors.Environmental | Governance | Social |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Greene County can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Greene County at lower prices to lower their average cost per share. Similarly, when the prices of Greene County's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Greene County's market risk premium analysis include:
Beta 0.95 | Alpha 0.13 | Risk 2.23 | Sharpe Ratio 0.0674 | Expected Return 0.15 |
Moving together with Greene Stock
| 0.74 | VABK | Virginia National | PairCorr |
| 0.82 | FUNC | First United Earnings Call This Week | PairCorr |
| 0.73 | HWBK | Hawthorn Bancshares Normal Trading | PairCorr |
| 0.74 | IBOC | International Bancshares | PairCorr |
| 0.63 | LCNB | LCNB | PairCorr |
Moving against Greene Stock
Greene County Market Sensitivity And Downside Risk
Greene County's beta coefficient measures the volatility of Greene stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Greene stock's returns against your selected market. In other words, Greene County's beta of 0.95 provides an investor with an approximation of how much risk Greene County stock can potentially add to one of your existing portfolios. Greene County Bancorp has relatively low volatility with skewness of 0.77 and kurtosis of 0.45. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Greene County's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Greene County's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Greene County Bancorp Demand TrendCheck current 90 days Greene County correlation with market (Dow Jones Industrial)Greene County Volatility and Downside Risk
Greene standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Greene County Bancorp Stock Volatility Analysis
Volatility refers to the frequency at which Greene County stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Greene County's price changes. Investors will then calculate the volatility of Greene County's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Greene County's volatility:
Historical Volatility
This type of stock volatility measures Greene County's fluctuations based on previous trends. It's commonly used to predict Greene County's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Greene County's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Greene County's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Greene County Bancorp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Greene County Projected Return Density Against Market
Given the investment horizon of 90 days Greene County has a beta of 0.9549 . This usually indicates Greene County Bancorp market returns are highly-sensitive to returns on the market. As the market goes up or down, Greene County is expected to follow.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Greene County or Banks sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Greene County's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Greene stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
| Returns |
What Drives a Greene County Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Greene County Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Greene County is 1483.03. The daily returns are distributed with a variance of 4.97 and standard deviation of 2.23. The mean deviation of Greene County Bancorp is currently at 1.73. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.73
α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | 0.95 | |
σ | Overall volatility | 2.23 | |
Ir | Information ratio | 0.06 |
Greene County Stock Return Volatility
Greene County historical daily return volatility represents how much of Greene County stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 2.2294% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7511% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Greene Stock performing well and Greene County Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Greene County's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CARE | 1.10 | 0.28 | 0.17 | 0.66 | 1.04 | 3.19 | 7.35 | |||
| FRBA | 1.20 | 0.08 | 0.06 | 0.14 | 1.28 | 3.29 | 8.53 | |||
| BSRR | 1.42 | 0.32 | 0.26 | 0.33 | 0.91 | 4.74 | 9.04 | |||
| WTBA | 1.34 | 0.26 | 0.18 | 0.30 | 1.15 | 3.05 | 8.75 | |||
| BSVN | 1.11 | 0.10 | 0.04 | 0.48 | 1.41 | 2.39 | 5.28 | |||
| KRNY | 1.32 | 0.32 | 0.22 | 0.69 | 1.06 | 4.55 | 9.82 | |||
| USCB | 1.41 | 0.19 | 0.09 | 0.30 | 1.69 | 3.69 | 11.45 | |||
| CWBC | 1.02 | 0.23 | 0.21 | 0.30 | 0.80 | 3.41 | 7.93 | |||
| HBCP | 1.12 | 0.18 | 0.13 | 0.22 | 1.23 | 3.62 | 9.63 | |||
| SFST | 1.44 | 0.38 | 0.20 | 0.35 | 1.61 | 3.74 | 13.26 |
About Greene County Volatility
Volatility is a rate at which the price of Greene County or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Greene County may increase or decrease. In other words, similar to Greene's beta indicator, it measures the risk of Greene County and helps estimate the fluctuations that may happen in a short period of time. So if prices of Greene County fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 437.4 K | 499.2 K | |
| Market Cap | 58.2 M | 32.1 M |
Greene County's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Greene Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Greene County's price varies over time.
3 ways to utilize Greene County's volatility to invest better
Higher Greene County's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Greene County Bancorp stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Greene County Bancorp stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Greene County Bancorp investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Greene County's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Greene County's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Greene County Investment Opportunity
Greene County Bancorp has a volatility of 2.23 and is 2.97 times more volatile than Dow Jones Industrial. 20 percent of all equities and portfolios are less risky than Greene County. You can use Greene County Bancorp to enhance the returns of your portfolios. The stock experiences a moderate upward volatility. Check odds of Greene County to be traded at $26.44 in 90 days.Average diversification
The correlation between Greene County Bancorp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greene County Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Greene County Additional Risk Indicators
The analysis of Greene County's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Greene County's investment and either accepting that risk or mitigating it. Along with some common measures of Greene County stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0664 | |||
| Market Risk Adjusted Performance | 0.1857 | |||
| Mean Deviation | 1.7 | |||
| Semi Deviation | 1.59 | |||
| Downside Deviation | 1.72 | |||
| Coefficient Of Variation | 1227.51 | |||
| Standard Deviation | 2.18 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Greene County Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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 Greene County 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. Greene County'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, Greene County'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 Greene County Bancorp.
Complementary Tools for Greene Stock analysis
When running Greene County's price analysis, check to measure Greene County's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Greene County is operating at the current time. Most of Greene County's value examination focuses on studying past and present price action to predict the probability of Greene County's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greene County's price. Additionally, you may evaluate how the addition of Greene County to your portfolios can decrease your overall portfolio volatility.
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