PANNERGY PLC (Hungary) Volatility
At this point, PANNERGY PLC is very steady. PANNERGY PLC maintains Sharpe Ratio (i.e., Efficiency) of 0.064, which implies the company had a 0.064 % return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for PANNERGY PLC, which you can use to evaluate the volatility of the entity. Please check PANNERGY PLC's market risk adjusted performance of 0.3648, and Coefficient Of Variation of 1562.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.0775%.
PANNERGY |
PANNERGY PLC 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 PANNERGY daily returns, and it is calculated using variance and standard deviation. We also use PANNERGY's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of PANNERGY PLC volatility.
PANNERGY PLC Stock Volatility Analysis
Volatility refers to the frequency at which PANNERGY PLC stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with PANNERGY PLC's price changes. Investors will then calculate the volatility of PANNERGY PLC'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 PANNERGY PLC's volatility:
Historical Volatility
This type of stock volatility measures PANNERGY PLC's fluctuations based on previous trends. It's commonly used to predict PANNERGY PLC'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 PANNERGY PLC'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 PANNERGY PLC's to be redeemed at a future date.Transformation |
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PANNERGY PLC Projected Return Density Against Market
Assuming the 90 days trading horizon PANNERGY PLC has a beta of 0.1903 indicating as returns on the market go up, PANNERGY PLC average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PANNERGY PLC will be expected to be much smaller as well.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 PANNERGY PLC or PANNERGY 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 PANNERGY PLC'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 PANNERGY 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.
PANNERGY PLC has an alpha of 0.0843, implying that it can generate a 0.0843 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a PANNERGY PLC 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.PANNERGY PLC Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of PANNERGY PLC is 1562.89. The daily returns are distributed with a variance of 1.47 and standard deviation of 1.21. The mean deviation of PANNERGY PLC is currently at 0.88. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 1.21 | |
Ir | Information ratio | 0.13 |
PANNERGY PLC Stock Return Volatility
PANNERGY PLC historical daily return volatility represents how much of PANNERGY PLC stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 1.2115% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7943% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
PANNERGY PLC Investment Opportunity
PANNERGY PLC has a volatility of 1.21 and is 1.53 times more volatile than Dow Jones Industrial. 10 percent of all equities and portfolios are less risky than PANNERGY PLC. You can use PANNERGY PLC to protect your portfolios against small market fluctuations. The stock experiences a moderate downward daily trend and can be a good diversifier. Check odds of PANNERGY PLC to be traded at 1592.5 in 90 days.Average diversification
The correlation between PANNERGY PLC and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PANNERGY PLC and DJI in the same portfolio, assuming nothing else is changed.
PANNERGY PLC Additional Risk Indicators
The analysis of PANNERGY PLC'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 PANNERGY PLC's investment and either accepting that risk or mitigating it. Along with some common measures of PANNERGY PLC 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 | 0.0528 | |||
| Market Risk Adjusted Performance | 0.3648 | |||
| Mean Deviation | 0.8789 | |||
| Semi Deviation | 0.788 | |||
| Downside Deviation | 0.9393 | |||
| Coefficient Of Variation | 1562.89 | |||
| Standard Deviation | 1.21 |
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.
PANNERGY PLC 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 PANNERGY PLC 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. PANNERGY PLC'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, PANNERGY PLC'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 PANNERGY PLC.
Complementary Tools for PANNERGY Stock analysis
When running PANNERGY PLC's price analysis, check to measure PANNERGY PLC'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 PANNERGY PLC is operating at the current time. Most of PANNERGY PLC's value examination focuses on studying past and present price action to predict the probability of PANNERGY PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PANNERGY PLC's price. Additionally, you may evaluate how the addition of PANNERGY PLC to your portfolios can decrease your overall portfolio volatility.
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