Contagious Gaming Stock Volatility
| KSMRF Stock | USD 0 0.00 0.00% |
Contagious Gaming appears to be out of control, given 3 months investment horizon. Contagious Gaming secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Contagious Gaming, which you can use to evaluate the volatility of the firm. Please makes use of Contagious Gaming's Mean Deviation of 0.407, standard deviation of 1.68, and Risk Adjusted Performance of 0.0962 to double-check if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.126
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Based on monthly moving average Contagious Gaming is performing at about 10% 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 Contagious Gaming by adding it to a well-diversified portfolio.
Key indicators related to Contagious Gaming's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Contagious Gaming Pink Sheet 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 Contagious daily returns, and it is calculated using variance and standard deviation. We also use Contagious's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Contagious Gaming volatility.
Contagious |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Contagious Gaming 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 Contagious Gaming at lower prices to lower their average cost per share. Similarly, when the prices of Contagious Gaming's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Contagious Gaming's market risk premium analysis include:
Beta (0.06) | Alpha 0.2 | Risk 1.72 | Sharpe Ratio 0.13 | Expected Return 0.22 |
Moving together with Contagious Pink Sheet
| 0.71 | WMT | Walmart Common Stock | PairCorr |
| 0.79 | SAR | Saratoga Investment Corp | PairCorr |
| 0.79 | ACN | Accenture plc | PairCorr |
| 0.67 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.69 | DD | Dupont De Nemours | PairCorr |
| 0.7 | JNJ | Johnson Johnson | PairCorr |
| 0.78 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.75 | BA | Boeing | PairCorr |
| 0.62 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.89 | AA | Alcoa Corp | PairCorr |
Moving against Contagious Pink Sheet
| 0.74 | T | ATT Inc Earnings Call Today | PairCorr |
| 0.58 | HNHPF | Hon Hai Precision | PairCorr |
| 0.51 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.34 | PG | Procter Gamble | PairCorr |
Contagious Gaming Market Sensitivity And Downside Risk
Contagious Gaming's beta coefficient measures the volatility of Contagious pink sheet 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 Contagious pink sheet's returns against your selected market. In other words, Contagious Gaming's beta of -0.0639 provides an investor with an approximation of how much risk Contagious Gaming pink sheet can potentially add to one of your existing portfolios. Contagious Gaming exhibits very low volatility with skewness of 8.12 and kurtosis of 66.0. Contagious Gaming is a penny stock. Even though Contagious Gaming may be a good instrument to invest, many penny pink sheets are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in Contagious Gaming or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Contagious instrument if you perfectly time your entry and exit. However, remember that penny pink sheets 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 Contagious Gaming Demand TrendCheck current 90 days Contagious Gaming correlation with market (Dow Jones Industrial)Contagious Gaming Volatility and Downside Risk
Contagious 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.
Contagious Gaming Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Contagious Gaming pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Contagious Gaming's price changes. Investors will then calculate the volatility of Contagious Gaming's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet 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 Contagious Gaming's volatility:
Historical Volatility
This type of pink sheet volatility measures Contagious Gaming's fluctuations based on previous trends. It's commonly used to predict Contagious Gaming's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Contagious Gaming's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Contagious Gaming'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. Contagious Gaming 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.
Contagious Gaming Projected Return Density Against Market
Assuming the 90 days horizon Contagious Gaming has a beta of -0.0639 . This indicates as returns on the benchmark increase, returns on holding Contagious Gaming are expected to decrease at a much lower rate. During a bear market, however, Contagious Gaming 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 Contagious Gaming or Hotels, Restaurants & Leisure 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 Contagious Gaming's price will be affected by overall pink sheet 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 Contagious pink sheet'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.
Contagious Gaming has an alpha of 0.201, implying that it can generate a 0.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Contagious Gaming Price Volatility?
Several factors can influence a pink sheet'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.Contagious Gaming Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of Contagious Gaming is 793.73. The daily returns are distributed with a variance of 2.95 and standard deviation of 1.72. The mean deviation of Contagious Gaming is currently at 0.43. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.74
α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 1.72 | |
Ir | Information ratio | 0.08 |
Contagious Gaming Pink Sheet Return Volatility
Contagious Gaming historical daily return volatility represents how much of Contagious Gaming pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 1.718% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7548% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
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 Contagious Pink Sheet performing well and Contagious Gaming 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 Contagious Gaming'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMETF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BCDMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CGUD | 6.93 | 0.52 | 0.02 | 0.43 | 9.18 | 27.27 | 85.71 | |||
| EPYFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SUTI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TPTW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GSLR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VCLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MANZF | 1.95 | (1.00) | 0.00 | 2.06 | 0.00 | 0.00 | 52.93 | |||
| GBNW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
About Contagious Gaming Volatility
Volatility is a rate at which the price of Contagious Gaming 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 Contagious Gaming may increase or decrease. In other words, similar to Contagious's beta indicator, it measures the risk of Contagious Gaming and helps estimate the fluctuations that may happen in a short period of time. So if prices of Contagious Gaming 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.Contagious Gaming Inc. develops and provides software solutions for gaming and lottery markets primarily in Canada. It also provides web-based and mobile content for lottery, and real-money and social gaming applications and Goal Time, an in-play pari-mutuel sports betting platform. Contagious Gaming is traded on OTC Exchange in the United States.
Contagious Gaming'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 Contagious Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Contagious Gaming's price varies over time.
3 ways to utilize Contagious Gaming's volatility to invest better
Higher Contagious Gaming's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Contagious Gaming 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. Contagious Gaming 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 Contagious Gaming investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Contagious Gaming'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 Contagious Gaming's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Contagious Gaming Investment Opportunity
Contagious Gaming has a volatility of 1.72 and is 2.29 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Contagious Gaming is lower than 15 percent of all global equities and portfolios over the last 90 days. You can use Contagious Gaming to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Contagious Gaming to be traded at $0.0025 in 90 days.Poor diversification
The correlation between Contagious Gaming and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Contagious Gaming and DJI in the same portfolio, assuming nothing else is changed.
Contagious Gaming Additional Risk Indicators
The analysis of Contagious Gaming'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 Contagious Gaming's investment and either accepting that risk or mitigating it. Along with some common measures of Contagious Gaming pink sheet'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 | 0.0962 | |||
| Market Risk Adjusted Performance | (3.07) | |||
| Mean Deviation | 0.407 | |||
| Coefficient Of Variation | 812.4 | |||
| Standard Deviation | 1.68 | |||
| Variance | 2.82 | |||
| Information Ratio | 0.0759 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Contagious Gaming 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 Contagious Gaming 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. Contagious Gaming'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, Contagious Gaming'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 Contagious Gaming.
Complementary Tools for Contagious Pink Sheet analysis
When running Contagious Gaming's price analysis, check to measure Contagious Gaming'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 Contagious Gaming is operating at the current time. Most of Contagious Gaming's value examination focuses on studying past and present price action to predict the probability of Contagious Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Contagious Gaming's price. Additionally, you may evaluate how the addition of Contagious Gaming to your portfolios can decrease your overall portfolio volatility.
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