Hynion AS (Norway) Volatility
| HYN Stock | NOK 0.02 0.0002 1.01% |
As of now, Hynion Stock is out of control. Hynion AS holds Efficiency (Sharpe) Ratio of 0.0162, which attests that the entity had a 0.0162 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Hynion AS, which you can use to evaluate the volatility of the firm. Please check out Hynion AS's insignificant Risk Adjusted Performance, market risk adjusted performance of 0.108, and Standard Deviation of 4.8 to validate if the risk estimate we provide is consistent with the expected return of 0.076%.
Sharpe Ratio = 0.0162
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| Cash | Small Risk | Average Risk | HYN | Huge Risk |
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Estimated Market Risk
| 4.71 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Hynion AS is performing at about 1% 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 Hynion AS by adding it to a well-diversified portfolio.
Key indicators related to Hynion AS's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Hynion AS 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 Hynion daily returns, and it is calculated using variance and standard deviation. We also use Hynion's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Hynion AS volatility.
Hynion |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Hynion AS at lower prices. For example, an investor can purchase Hynion stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes. Main indicators related to Hynion AS's market risk premium analysis include:
Beta (0.72) | Alpha (0.01) | Risk 4.71 | Sharpe Ratio 0.0162 | Expected Return 0.076 |
Moving against Hynion Stock
| 0.48 | ELK | Elkem ASA | PairCorr |
| 0.46 | MORG | Sparebanken Mre | PairCorr |
| 0.43 | AUSS | Austevoll Seafood ASA | PairCorr |
| 0.43 | VOW | Vow ASA | PairCorr |
| 0.42 | LSG | Lery Seafood Group | PairCorr |
| 0.4 | HEX | Hexagon Composites ASA | PairCorr |
| 0.37 | SKAND | Skandia Greenpower | PairCorr |
Hynion AS Market Sensitivity And Downside Risk
Hynion AS's beta coefficient measures the volatility of Hynion 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 Hynion stock's returns against your selected market. In other words, Hynion AS's beta of -0.72 provides an investor with an approximation of how much risk Hynion AS stock can potentially add to one of your existing portfolios. Hynion AS exhibits very low volatility with skewness of 0.11 and kurtosis of 5.93. Hynion AS is a penny stock. Although Hynion AS may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Hynion AS. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Hynion instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Hynion AS Demand TrendCheck current 90 days Hynion AS correlation with market (Dow Jones Industrial)Hynion AS Volatility and Downside Risk
Hynion 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.
Hynion AS Stock Volatility Analysis
Volatility refers to the frequency at which Hynion AS stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Hynion AS's price changes. Investors will then calculate the volatility of Hynion AS'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 Hynion AS's volatility:
Historical Volatility
This type of stock volatility measures Hynion AS's fluctuations based on previous trends. It's commonly used to predict Hynion AS'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 Hynion AS'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 Hynion AS'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. Hynion AS 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.
Hynion AS Projected Return Density Against Market
Assuming the 90 days trading horizon Hynion AS has a beta of -0.7192 . This usually indicates as returns on the benchmark increase, returns on holding Hynion AS are expected to decrease at a much lower rate. During a bear market, however, Hynion AS is likely to outperform the market.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 Hynion AS or Consumer Cyclical 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 Hynion AS'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 Hynion 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 |
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What Drives a Hynion AS 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.Hynion AS Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Hynion AS is 6190.38. The daily returns are distributed with a variance of 22.16 and standard deviation of 4.71. The mean deviation of Hynion AS is currently at 2.42. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | -0.72 | |
σ | Overall volatility | 4.71 | |
Ir | Information ratio | -0.03 |
Hynion AS Stock Return Volatility
Hynion AS historical daily return volatility represents how much of Hynion AS stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 4.7071% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7575% volatility on return distribution over the 90 days horizon. Performance |
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Related Correlations Analysis
| -0.35 | -0.42 | -0.16 | 0.11 | -0.41 | AASB | ||
| -0.35 | 0.53 | 0.54 | 0.49 | 0.92 | KRAB | ||
| -0.42 | 0.53 | 0.07 | 0.48 | 0.65 | SPOL | ||
| -0.16 | 0.54 | 0.07 | 0.09 | 0.51 | HGSB | ||
| 0.11 | 0.49 | 0.48 | 0.09 | 0.56 | NAPA | ||
| -0.41 | 0.92 | 0.65 | 0.51 | 0.56 | INSTA | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Hynion Stock performing well and Hynion AS 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 Hynion AS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AASB | 1.31 | 0.05 | 0.00 | 0.25 | 1.52 | 3.41 | 8.79 | |||
| KRAB | 1.37 | 0.45 | 0.23 | (15.78) | 1.08 | 3.64 | 12.17 | |||
| SPOL | 0.95 | 0.27 | 0.18 | 2.02 | 0.92 | 2.14 | 4.86 | |||
| HGSB | 0.95 | 0.00 | (0.05) | 0.08 | 1.24 | 2.23 | 9.46 | |||
| NAPA | 2.76 | 0.61 | 0.18 | 5.35 | 2.56 | 7.75 | 20.26 | |||
| INSTA | 1.04 | 0.43 | 0.35 | 1.52 | 0.51 | 2.99 | 5.85 |
About Hynion AS Volatility
Volatility is a rate at which the price of Hynion AS 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 Hynion AS may increase or decrease. In other words, similar to Hynion's beta indicator, it measures the risk of Hynion AS and helps estimate the fluctuations that may happen in a short period of time. So if prices of Hynion AS 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.Hynion AS, through its subsidiary, Hynion Sverige AB, operates as a hydrogen fuel company in Norway and Sweden. The company was incorporated in 2019 and is based in Brum, Norway. HYNION AS is traded on Oslo Stock Exchange in Norway.
Hynion AS'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 Hynion Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Hynion AS's price varies over time.
3 ways to utilize Hynion AS's volatility to invest better
Higher Hynion AS's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Hynion AS 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. Hynion AS 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 Hynion AS investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Hynion AS'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 Hynion AS's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Hynion AS Investment Opportunity
Hynion AS has a volatility of 4.71 and is 6.2 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Hynion AS is lower than 42 percent of all global equities and portfolios over the last 90 days. You can use Hynion AS to protect your portfolios against small market fluctuations. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of Hynion AS to be traded at 0.019 in 90 days.Very good diversification
The correlation between Hynion AS and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hynion AS and DJI in the same portfolio, assuming nothing else is changed.
Hynion AS Additional Risk Indicators
The analysis of Hynion AS'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 Hynion AS's investment and either accepting that risk or mitigating it. Along with some common measures of Hynion AS 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) | |||
| Market Risk Adjusted Performance | 0.108 | |||
| Mean Deviation | 2.67 | |||
| Coefficient Of Variation | (7,946) | |||
| Standard Deviation | 4.8 | |||
| Variance | 23.08 | |||
| Information Ratio | (0.03) |
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.
Hynion AS 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 Hynion AS 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. Hynion AS'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, Hynion AS'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 Hynion AS.
Other Information on Investing in Hynion Stock
Hynion AS financial ratios help investors to determine whether Hynion Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hynion with respect to the benefits of owning Hynion AS security.