Refine Group (Sweden) Volatility
| REFINE Stock | 0.18 0.03 14.29% |
At this point, Refine Group is out of control. Refine Group AB maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Refine Group AB, which you can use to evaluate the volatility of the company. Please check Refine Group's Coefficient Of Variation of (126,943), risk adjusted performance of 0.0087, and Variance of 86.76 to confirm if the risk estimate we provide is consistent with the expected return of 0.0457%.
Refine |
Refine Group 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 Refine daily returns, and it is calculated using variance and standard deviation. We also use Refine's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Refine Group volatility.
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Refine Group 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 Refine Group at lower prices to lower their average cost per share. Similarly, when the prices of Refine Group's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Refine Group's market risk premium analysis include:
Moving against Refine Stock
| 0.52 | NDA-SE | Nordea Bank Abp | PairCorr |
| 0.52 | VOLV-B | AB Volvo | PairCorr |
| 0.52 | VOLV-A | AB Volvo | PairCorr |
| 0.47 | INVE-B | Investor AB ser Earnings Call This Week | PairCorr |
| 0.46 | INVE-A | Investor AB ser Earnings Call This Week | PairCorr |
| 0.44 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.39 | ATCO-A | Atlas Copco AB | PairCorr |
Refine Group Market Sensitivity And Downside Risk
Refine Group's beta coefficient measures the volatility of Refine 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 Refine stock's returns against your selected market. In other words, Refine Group's beta of -0.56 provides an investor with an approximation of how much risk Refine Group stock can potentially add to one of your existing portfolios. Refine Group AB is displaying above-average volatility over the selected time horizon. Refine Group AB is a potential penny stock. Although Refine Group 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 Refine Group AB. 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 Refine instrument if you perfectly time your entry and exit. However, remember that penny 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 Refine Group AB Demand TrendCheck current 90 days Refine Group correlation with market (Dow Jones Industrial)Refine Group Volatility and Downside Risk
Refine 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.
Refine Group AB Stock Volatility Analysis
Volatility refers to the frequency at which Refine Group stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Refine Group's price changes. Investors will then calculate the volatility of Refine Group'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 Refine Group's volatility:
Historical Volatility
This type of stock volatility measures Refine Group's fluctuations based on previous trends. It's commonly used to predict Refine Group'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 Refine Group'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 Refine Group'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. Refine Group AB 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.
Refine Group Projected Return Density Against Market
Assuming the 90 days trading horizon Refine Group AB has a beta of -0.5635 indicating as returns on the benchmark increase, returns on holding Refine Group are expected to decrease at a much lower rate. During a bear market, however, Refine Group AB 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 Refine Group or Refine 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 Refine Group'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 Refine 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.
Refine Group AB has an alpha of 0.0447, implying that it can generate a 0.0447 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Refine Group 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.Refine Group Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Refine Group is 21307.77. The daily returns are distributed with a variance of 95.02 and standard deviation of 9.75. The mean deviation of Refine Group AB is currently at 6.97. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.71
α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | -0.56 | |
σ | Overall volatility | 9.75 | |
Ir | Information ratio | -0.01 |
Refine Group Stock Return Volatility
Refine Group historical daily return volatility represents how much of Refine Group stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 9.7476% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7087% 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 Refine Stock performing well and Refine Group 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 Refine Group'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.Refine Group Investment Opportunity
Refine Group AB has a volatility of 9.75 and is 13.73 times more volatile than Dow Jones Industrial. 87 percent of all equities and portfolios are less risky than Refine Group. You can use Refine Group AB to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Refine Group to be traded at 0.171 in 90 days.Good diversification
The correlation between Refine Group AB and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Refine Group AB and DJI in the same portfolio, assuming nothing else is changed.
Refine Group Additional Risk Indicators
The analysis of Refine Group'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 Refine Group's investment and either accepting that risk or mitigating it. Along with some common measures of Refine Group 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 | 0.0087 | |||
| Market Risk Adjusted Performance | 0.0408 | |||
| Mean Deviation | 6.68 | |||
| Coefficient Of Variation | (126,943) | |||
| Standard Deviation | 9.31 | |||
| Variance | 86.76 | |||
| Information Ratio | (0.01) |
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.
Refine Group 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.
| Visa vs. Refine Group | ||
| Alphabet vs. Refine Group | ||
| Microsoft vs. Refine Group | ||
| GM vs. Refine Group | ||
| Walker Dunlop vs. Refine Group | ||
| Ford vs. Refine Group | ||
| Dupont De vs. Refine Group | ||
| Citigroup vs. Refine Group |
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 Refine Group 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. Refine Group'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, Refine Group'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 Refine Group AB.
Complementary Tools for Refine Stock analysis
When running Refine Group's price analysis, check to measure Refine Group'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 Refine Group is operating at the current time. Most of Refine Group's value examination focuses on studying past and present price action to predict the probability of Refine Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Refine Group's price. Additionally, you may evaluate how the addition of Refine Group to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |