Premia SA (Greece) Volatility
| PREMIA Stock | EUR 1.42 0.01 0.70% |
At this point, Premia SA is moderately volatile. Premia SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0736, which implies the firm had a 0.0736 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Premia SA, which you can use to evaluate the volatility of the company. Please check Premia SA's Semi Deviation of 0.699, coefficient of variation of 1563.19, and Risk Adjusted Performance of 0.0481 to confirm if the risk estimate we provide is consistent with the expected return of 0.0788%.
Sharpe Ratio = 0.0736
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Estimated Market Risk
| 1.07 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Premia SA is performing at about 5% 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 Premia SA by adding it to a well-diversified portfolio.
Key indicators related to Premia SA's volatility include:30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Premia SA 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 Premia daily returns, and it is calculated using variance and standard deviation. We also use Premia's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Premia SA volatility.
Premia |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Premia SA 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 Premia SA at lower prices to lower their average cost per share. Similarly, when the prices of Premia SA's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Premia SA's market risk premium analysis include:
Beta 0.1 | Alpha 0.0521 | Risk 1.07 | Sharpe Ratio 0.0736 | Expected Return 0.0788 |
Moving together with Premia Stock
| 0.66 | EEE | Coca Cola HBC | PairCorr |
| 0.64 | OPAP | Greek Organization | PairCorr |
| 0.61 | ETE | National Bank | PairCorr |
| 0.69 | ALPHA | Alpha Services | PairCorr |
| 0.64 | VIO | Viohalco SA | PairCorr |
| 0.83 | DOMIK | Domiki Kritis SA | PairCorr |
| 0.74 | VIDAVO | VIDAVO SA | PairCorr |
| 0.82 | INTEK | Ideal Group SA | PairCorr |
| 0.76 | ANDRO | Alpha Trust Andromeda | PairCorr |
| 0.76 | IATR | Athens Medical CSA | PairCorr |
| 0.64 | AEGN | Aegean Airlines SA | PairCorr |
| 0.66 | SPACE | Space Hellas SA | PairCorr |
| 0.72 | FLEXO | Flexopack Socit Anonyme | PairCorr |
| 0.65 | REVOIL | Revoil SA | PairCorr |
| 0.79 | AIA | ATHENS INTERNATIONAL | PairCorr |
| 0.86 | AVAX | Avax SA | PairCorr |
Moving against Premia Stock
Premia SA Market Sensitivity And Downside Risk
Premia SA's beta coefficient measures the volatility of Premia 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 Premia stock's returns against your selected market. In other words, Premia SA's beta of 0.1 provides an investor with an approximation of how much risk Premia SA stock can potentially add to one of your existing portfolios. Premia SA has relatively low volatility with skewness of 1.52 and kurtosis of 5.39. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Premia SA's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Premia SA's stock 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 Premia SA Demand TrendCheck current 90 days Premia SA correlation with market (Dow Jones Industrial)Premia SA Volatility and Downside Risk
Premia 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.
Premia SA Stock Volatility Analysis
Volatility refers to the frequency at which Premia SA stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Premia SA's price changes. Investors will then calculate the volatility of Premia SA'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 Premia SA's volatility:
Historical Volatility
This type of stock volatility measures Premia SA's fluctuations based on previous trends. It's commonly used to predict Premia SA'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 Premia SA'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 Premia SA'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. Developed by Larry Williams, the Weighted Close is the average of Premia SA high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only Premia SA closing price as input.
Premia SA Projected Return Density Against Market
Assuming the 90 days trading horizon Premia SA has a beta of 0.1047 indicating as returns on the market go up, Premia SA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Premia SA 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 Premia SA or Premia 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 Premia SA'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 Premia 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.
Premia SA has an alpha of 0.0521, implying that it can generate a 0.0521 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Premia SA 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.Premia SA Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Premia SA is 1358.43. The daily returns are distributed with a variance of 1.15 and standard deviation of 1.07. The mean deviation of Premia SA is currently at 0.67. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.69
α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.10 | |
σ | Overall volatility | 1.07 | |
Ir | Information ratio | -0.03 |
Premia SA Stock Return Volatility
Premia SA historical daily return volatility represents how much of Premia SA stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 1.0701% 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
Risk-Adjusted Indicators
There is a big difference between Premia Stock performing well and Premia SA 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 Premia SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EEE | 1.02 | 0.23 | 0.13 | 1.52 | 0.89 | 2.39 | 6.15 | |||
| HTO | 0.81 | 0.10 | 0.00 | (1.43) | 0.89 | 1.84 | 5.02 | |||
| OPAP | 1.01 | (0.11) | 0.00 | 0.72 | 0.00 | 1.63 | 7.49 | |||
| EUROB | 1.47 | 0.14 | 0.04 | 0.42 | 1.76 | 3.41 | 8.22 | |||
| ETE | 1.45 | 0.10 | 0.03 | 0.29 | 1.76 | 3.08 | 8.34 | |||
| ALPHA | 1.25 | 0.04 | (0.01) | 0.17 | 1.50 | 2.70 | 5.88 | |||
| PPC | 0.93 | 0.33 | 0.26 | 1.14 | 0.66 | 2.31 | 6.03 | |||
| TPEIR | 1.36 | 0.06 | 0.01 | 0.20 | 1.56 | 3.03 | 7.71 | |||
| MOH | 1.24 | 0.19 | 0.08 | 1.40 | 1.13 | 2.50 | 8.08 |
About Premia SA Volatility
Volatility is a rate at which the price of Premia SA 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 Premia SA may increase or decrease. In other words, similar to Premia's beta indicator, it measures the risk of Premia SA and helps estimate the fluctuations that may happen in a short period of time. So if prices of Premia SA 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.Premia S.A., a real estate development company, invests in and develops real estate properties. Premia S.A. was founded in 1991 and is based in Heraklion, Greece. PREMIA S is traded on Athens Stock Exchange in Greece.
Premia SA'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 Premia Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Premia SA's price varies over time.
3 ways to utilize Premia SA's volatility to invest better
Higher Premia SA's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Premia SA 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. Premia SA 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 Premia SA investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Premia SA'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 Premia SA's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Premia SA Investment Opportunity
Premia SA has a volatility of 1.07 and is 1.55 times more volatile than Dow Jones Industrial. 9 percent of all equities and portfolios are less risky than Premia SA. You can use Premia SA 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 Premia SA to be traded at €1.3916 in 90 days.Significant diversification
The correlation between Premia SA and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Premia SA and DJI in the same portfolio, assuming nothing else is changed.
Premia SA Additional Risk Indicators
The analysis of Premia SA'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 Premia SA's investment and either accepting that risk or mitigating it. Along with some common measures of Premia SA 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 | 0.0481 | |||
| Market Risk Adjusted Performance | 0.5976 | |||
| Mean Deviation | 0.7339 | |||
| Semi Deviation | 0.699 | |||
| Downside Deviation | 1.12 | |||
| Coefficient Of Variation | 1563.19 | |||
| Standard Deviation | 1.12 |
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.
Premia SA 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.
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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 Premia SA 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. Premia SA'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, Premia SA'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 Premia SA.
Complementary Tools for Premia Stock analysis
When running Premia SA's price analysis, check to measure Premia SA'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 Premia SA is operating at the current time. Most of Premia SA's value examination focuses on studying past and present price action to predict the probability of Premia SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premia SA's price. Additionally, you may evaluate how the addition of Premia SA to your portfolios can decrease your overall portfolio volatility.
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