Interlink Telecom (Thailand) Volatility
| ITEL Stock | THB 2.12 0.04 1.92% |
As of now, Interlink Stock is very risky. Interlink Telecom Public holds Efficiency (Sharpe) Ratio of 0.0383, which attests that the entity had a 0.0383% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Interlink Telecom Public, which you can use to evaluate the volatility of the firm. Please check out Interlink Telecom's Coefficient Of Variation of 3402.16, mean deviation of 2.22, and Risk Adjusted Performance of 0.0298 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Key indicators related to Interlink Telecom's volatility include:
180 Days Market Risk | Chance Of Distress | 180 Days Economic Sensitivity |
Interlink Telecom 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 Interlink daily returns, and it is calculated using variance and standard deviation. We also use Interlink's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Interlink Telecom volatility.
Interlink |
Interlink Telecom Public Stock Volatility Analysis
Volatility refers to the frequency at which Interlink Telecom stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Interlink Telecom's price changes. Investors will then calculate the volatility of Interlink Telecom'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 Interlink Telecom's volatility:
Historical Volatility
This type of stock volatility measures Interlink Telecom's fluctuations based on previous trends. It's commonly used to predict Interlink Telecom'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 Interlink Telecom'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 Interlink Telecom'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. Interlink Telecom Public 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.
Interlink Telecom Projected Return Density Against Market
Assuming the 90 days trading horizon Interlink Telecom has a beta that is very close to zero . This usually indicates the returns on DOW JONES INDUSTRIAL and Interlink Telecom do not appear to be very sensitive.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 Interlink Telecom or Communication Services 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 Interlink Telecom'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 Interlink 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.
It does not look like Interlink Telecom's alpha can have any bearing on the current valuation. Predicted Return Density |
| Returns |
What Drives an Interlink Telecom 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 many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Interlink Telecom Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Interlink Telecom is 2607.89. The daily returns are distributed with a variance of 8.29 and standard deviation of 2.88. The mean deviation of Interlink Telecom Public is currently at 2.23. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 2.88 | |
Ir | Information ratio | -0.02 |
Interlink Telecom Stock Return Volatility
Interlink Telecom historical daily return volatility represents how much of Interlink Telecom stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 2.8799% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7462% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Interlink Telecom Volatility
Volatility is a rate at which the price of Interlink Telecom 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 Interlink Telecom may increase or decrease. In other words, similar to Interlink's beta indicator, it measures the risk of Interlink Telecom and helps estimate the fluctuations that may happen in a short period of time. So if prices of Interlink Telecom 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.Interlink Telecom Public Company Limited provides telecommunication services through fiber optic network in Thailand. Interlink Telecom Public Company Limited is a subsidiary of Interlink Communication Public Company Limited. INTERLINK TELECOM is traded on Stock Exchange of Thailand in Thailand.
Interlink Telecom'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 Interlink Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Interlink Telecom's price varies over time.
3 ways to utilize Interlink Telecom's volatility to invest better
Higher Interlink Telecom's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Interlink Telecom Public 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. Interlink Telecom Public 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 Interlink Telecom Public investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Interlink Telecom'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 Interlink Telecom's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Interlink Telecom Investment Opportunity
Interlink Telecom Public has a volatility of 2.88 and is 3.84 times more volatile than Dow Jones Industrial. 25 percent of all equities and portfolios are less risky than Interlink Telecom. You can use Interlink Telecom Public to enhance the returns of your portfolios. The stock experiences a large bullish trend. Check odds of Interlink Telecom to be traded at 2.33 in 90 days.Interlink Telecom Additional Risk Indicators
The analysis of Interlink Telecom'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 Interlink Telecom's investment and either accepting that risk or mitigating it. Along with some common measures of Interlink Telecom 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 | 0.0298 | |||
| Mean Deviation | 2.22 | |||
| Semi Deviation | 2.41 | |||
| Downside Deviation | 2.62 | |||
| Coefficient Of Variation | 3402.16 | |||
| Standard Deviation | 2.85 | |||
| Variance | 8.1 |
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.
Interlink Telecom 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 Interlink Telecom 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. Interlink Telecom'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, Interlink Telecom'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 Interlink Telecom Public.
Other Information on Investing in Interlink Stock
Interlink Telecom financial ratios help investors to determine whether Interlink 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 Interlink with respect to the benefits of owning Interlink Telecom security.