Open House Group Stock Volatility
| OPPPF Stock | 37.85 0.00 0.00% |
At this point, Open House is very steady. Open House Group maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Open House Group, which you can use to evaluate the volatility of the company. Please check Open House's Coefficient Of Variation of 812.4, risk adjusted performance of 0.0591, and Variance of 0.0329 to confirm if the risk estimate we provide is consistent with the expected return of 0.0234%.
Open |
Open House 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 Open daily returns, and it is calculated using variance and standard deviation. We also use Open's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Open House volatility.
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Open House 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 Open House at lower prices to lower their average cost per share. Similarly, when the prices of Open House's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Open Pink Sheet
| 0.81 | NVDA | NVIDIA | PairCorr |
| 0.65 | GOOG | Alphabet Class C Buyout Trend | PairCorr |
| 0.62 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.66 | META | Meta Platforms | PairCorr |
Moving against Open Pink Sheet
Open House Market Sensitivity And Downside Risk
Open House's beta coefficient measures the volatility of Open 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 Open pink sheet's returns against your selected market. In other words, Open House's beta of -0.0232 provides an investor with an approximation of how much risk Open House pink sheet can potentially add to one of your existing portfolios. Open House Group exhibits very low volatility with skewness of 8.12 and kurtosis of 66.0. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Open House's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Open House's pink sheet 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 Open House Group Demand TrendCheck current 90 days Open House correlation with market (Dow Jones Industrial)Open Beta |
Open 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.
Standard Deviation | 0.19 |
It is essential to understand the difference between upside risk (as represented by Open House's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Open House's daily returns or price. Since the actual investment returns on holding a position in open pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Open House.
Open House Group Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Open House pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Open House's price changes. Investors will then calculate the volatility of Open House'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 Open House's volatility:
Historical Volatility
This type of pink sheet volatility measures Open House's fluctuations based on previous trends. It's commonly used to predict Open House'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 Open House'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 Open House'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. Open House Group 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.
Open House Projected Return Density Against Market
Assuming the 90 days horizon Open House Group has a beta of -0.0232 . This indicates as returns on the benchmark increase, returns on holding Open House are expected to decrease at a much lower rate. During a bear market, however, Open House Group 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 Open House or Open 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 Open House'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 Open 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.
Open House Group has an alpha of 0.015, implying that it can generate a 0.015 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Open House 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.Open House Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of Open House is 793.73. The daily returns are distributed with a variance of 0.03 and standard deviation of 0.19. The mean deviation of Open House Group is currently at 0.05. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.72
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.56 |
Open House Pink Sheet Return Volatility
Open House historical daily return volatility represents how much of Open House pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 0.1858% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7357% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Open House Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.74 and is 3.89 times more volatile than Open House Group. Compared to the overall equity markets, volatility of historical daily returns of Open House Group is lower than 1 percent of all global equities and portfolios over the last 90 days. You can use Open House Group to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Open House to be traded at 37.47 in 90 days.Good diversification
The correlation between Open House Group and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Open House Group and DJI in the same portfolio, assuming nothing else is changed.
Open House Additional Risk Indicators
The analysis of Open House'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 Open House's investment and either accepting that risk or mitigating it. Along with some common measures of Open House 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 | 0.0591 | |||
| Market Risk Adjusted Performance | (0.52) | |||
| Mean Deviation | 0.044 | |||
| Coefficient Of Variation | 812.4 | |||
| Standard Deviation | 0.1815 | |||
| Variance | 0.0329 | |||
| Information Ratio | (0.56) |
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.
Open House 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 Open House 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. Open House'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, Open House'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 Open House Group.
Complementary Tools for Open Pink Sheet analysis
When running Open House's price analysis, check to measure Open House'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 Open House is operating at the current time. Most of Open House's value examination focuses on studying past and present price action to predict the probability of Open House's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open House's price. Additionally, you may evaluate how the addition of Open House to your portfolios can decrease your overall portfolio volatility.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |