ModivCare Volatility
| MODVDelisted Stock | USD 0.34 0.06 21.43% |
We have found twenty-three technical indicators for ModivCare, which you can use to evaluate the volatility of the firm. Please verify ModivCare's Risk Adjusted Performance of (0.01), standard deviation of 20.33, and Mean Deviation of 10.98 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
Sharpe Ratio = 0.0
| High Returns | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| MODV |
Based on monthly moving average ModivCare is not performing at its full potential. However, 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 ModivCare by adding ModivCare to a well-diversified portfolio.
Key indicators related to ModivCare's volatility include:30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
ModivCare 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 ModivCare daily returns, and it is calculated using variance and standard deviation. We also use ModivCare's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of ModivCare volatility.
ModivCare |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as ModivCare can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of ModivCare at lower prices. For example, an investor can purchase ModivCare stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of ModivCare's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns. Main indicators related to ModivCare's market risk premium analysis include:
Beta (0.60) | Alpha (0.68) | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
Moving against ModivCare Stock
| 0.87 | LAR | Lithium Argentina Symbol Change | PairCorr |
| 0.85 | HL | Hecla Mining Aggressive Push | PairCorr |
| 0.85 | GVA | Granite Construction | PairCorr |
| 0.84 | RIOFF | Rio2 Limited | PairCorr |
| 0.83 | BNPQY | BNP Paribas SA | PairCorr |
| 0.83 | NKRKY | Nokian Tyres Plc | PairCorr |
| 0.82 | EDVMF | Endeavour Mining Corp | PairCorr |
| 0.75 | DTSQU | DT Cloud Star | PairCorr |
| 0.71 | PILBF | Pilbara Minerals | PairCorr |
| 0.66 | VLY | Valley National Bancorp Earnings Call This Week | PairCorr |
ModivCare Market Sensitivity And Downside Risk
ModivCare's beta coefficient measures the volatility of ModivCare 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 ModivCare stock's returns against your selected market. In other words, ModivCare's beta of -0.6 provides an investor with an approximation of how much risk ModivCare stock can potentially add to one of your existing portfolios. ModivCare is displaying above-average volatility over the selected time horizon. ModivCare is a potential penny stock. Although ModivCare may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in ModivCare. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on ModivCare instrument if you perfectly time your entry and exit. However, remember that penny delisted 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 ModivCare Demand TrendCheck current 90 days ModivCare correlation with market (Dow Jones Industrial)ModivCare Volatility and Downside Risk
ModivCare 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.
ModivCare Stock Volatility Analysis
Volatility refers to the frequency at which ModivCare delisted stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with ModivCare's price changes. Investors will then calculate the volatility of ModivCare's stock to predict their future moves. A delisted 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 delisted 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 ModivCare's volatility:
Historical Volatility
This type of delisted stock volatility measures ModivCare's fluctuations based on previous trends. It's commonly used to predict ModivCare'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 ModivCare's current market price. This means that the delisted stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on ModivCare's to be redeemed at a future date.Transformation |
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
ModivCare Projected Return Density Against Market
Given the investment horizon of 90 days ModivCare has a beta of -0.5979 . This indicates as returns on the benchmark increase, returns on holding ModivCare are expected to decrease at a much lower rate. During a bear market, however, ModivCare 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 ModivCare or Health Care Providers & 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 ModivCare'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 ModivCare delisted 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.
ModivCare has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a ModivCare Price Volatility?
Several factors can influence a delisted 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.ModivCare Stock Return Volatility
ModivCare historical daily return volatility represents how much of ModivCare delisted stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The venture inherits 0.0% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.6928% 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between ModivCare Stock performing well and ModivCare 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 ModivCare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GBNH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RHEP | 3.63 | 0.10 | (0.01) | (0.02) | 4.72 | 9.49 | 30.85 | |||
| TCDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HLTHQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RHE | 7.01 | 1.47 | 0.14 | (1.99) | 7.27 | 12.14 | 159.73 | |||
| ENTO | 6.86 | 0.79 | 0.08 | 3.70 | 7.81 | 16.50 | 56.75 | |||
| NSTG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LMDX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UPH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
About ModivCare Volatility
Volatility is a rate at which the price of ModivCare 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 ModivCare may increase or decrease. In other words, similar to ModivCare's beta indicator, it measures the risk of ModivCare and helps estimate the fluctuations that may happen in a short period of time. So if prices of ModivCare 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.ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado. Modivcare operates under Medical Care Facilities classification in the United States and is traded on NASDAQ Exchange. It employs 20200 people.
ModivCare'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 ModivCare Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much ModivCare's price varies over time.
3 ways to utilize ModivCare's volatility to invest better
Higher ModivCare's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of ModivCare 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. ModivCare 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 ModivCare investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in ModivCare'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 ModivCare's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
ModivCare Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.69 and is 9.223372036854776E16 times more volatile than ModivCare. Compared to the overall equity markets, volatility of historical daily returns of ModivCare is lower than 0 percent of all global equities and portfolios over the last 90 days. You can use ModivCare to enhance the returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of ModivCare to be traded at $0.425 in 90 days.Good diversification
The correlation between ModivCare and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ModivCare and DJI in the same portfolio, assuming nothing else is changed.
ModivCare Additional Risk Indicators
The analysis of ModivCare'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 ModivCare's investment and either accepting that risk or mitigating it. Along with some common measures of ModivCare 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 | (0.01) | |||
| Market Risk Adjusted Performance | 1.24 | |||
| Mean Deviation | 10.98 | |||
| Coefficient Of Variation | (2,812) | |||
| Standard Deviation | 20.33 | |||
| Variance | 413.34 | |||
| Information Ratio | (0.04) |
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 delisted stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
ModivCare 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.
| GM vs. ModivCare | ||
| Visa vs. ModivCare | ||
| Alphabet vs. ModivCare | ||
| Ford vs. ModivCare | ||
| Citigroup vs. ModivCare | ||
| Walker Dunlop vs. ModivCare | ||
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 ModivCare 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. ModivCare'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, ModivCare'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 ModivCare.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Other Consideration for investing in ModivCare Stock
If you are still planning to invest in ModivCare check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ModivCare's history and understand the potential risks before investing.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |