SUPER GROUP (Germany) Volatility
| S8G1 Stock | EUR 1.23 0.04 3.15% |
SUPER GROUP is out of control given 3 months investment horizon. SUPER GROUP LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use SUPER GROUP LTD coefficient of variation of 864.06, and Risk Adjusted Performance of 0.0976 to evaluate company specific risk that cannot be diversified away. Key indicators related to SUPER GROUP's volatility include:
360 Days Market Risk | Chance Of Distress | 360 Days Economic Sensitivity |
SUPER 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 SUPER daily returns, and it is calculated using variance and standard deviation. We also use SUPER's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of SUPER GROUP volatility.
SUPER |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as SUPER 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 SUPER GROUP at lower prices to lower their average cost per share. Similarly, when the prices of SUPER GROUP's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with SUPER Stock
Moving against SUPER Stock
| 0.84 | KNIU | Kuehne Nagel Interna | PairCorr |
| 0.76 | BYRA | PT Bank Rakyat | PairCorr |
| 0.73 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.69 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.66 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.58 | PQ9 | BANK MANDIRI | PairCorr |
| 0.53 | PQ9 | BANK MANDIRI | PairCorr |
| 0.47 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.44 | BYRA | PT Bank Rakyat | PairCorr |
SUPER GROUP Market Sensitivity And Downside Risk
SUPER GROUP's beta coefficient measures the volatility of SUPER 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 SUPER stock's returns against your selected market. In other words, SUPER GROUP's beta of 0.0154 provides an investor with an approximation of how much risk SUPER GROUP stock can potentially add to one of your existing portfolios. SUPER GROUP LTD is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SUPER GROUP'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 SUPER GROUP'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 SUPER GROUP LTD Demand TrendCheck current 90 days SUPER GROUP correlation with market (Dow Jones Industrial)SUPER Beta |
SUPER 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 | 11.49 |
It is essential to understand the difference between upside risk (as represented by SUPER GROUP's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of SUPER GROUP's daily returns or price. Since the actual investment returns on holding a position in super stock 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 SUPER GROUP.
SUPER GROUP LTD Stock Volatility Analysis
Volatility refers to the frequency at which SUPER GROUP stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with SUPER GROUP's price changes. Investors will then calculate the volatility of SUPER 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 SUPER GROUP's volatility:
Historical Volatility
This type of stock volatility measures SUPER GROUP's fluctuations based on previous trends. It's commonly used to predict SUPER 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 SUPER 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 SUPER 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. SUPER GROUP LTD 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.
SUPER GROUP Projected Return Density Against Market
Assuming the 90 days trading horizon SUPER GROUP has a beta of 0.0154 . This usually implies as returns on the market go up, SUPER GROUP average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SUPER GROUP LTD 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 SUPER GROUP or Industrials 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 SUPER 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 SUPER 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.
SUPER GROUP LTD has an alpha of 1.3077, implying that it can generate a 1.31 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a SUPER 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.SUPER GROUP Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of SUPER GROUP is 872.32. The daily returns are distributed with a variance of 131.96 and standard deviation of 11.49. The mean deviation of SUPER GROUP LTD is currently at 3.44. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 1.31 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 11.49 | |
Ir | Information ratio | 0.11 |
SUPER GROUP Stock Return Volatility
SUPER GROUP historical daily return volatility represents how much of SUPER GROUP stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 11.4873% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7608% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About SUPER GROUP Volatility
Volatility is a rate at which the price of SUPER GROUP 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 SUPER GROUP may increase or decrease. In other words, similar to SUPER's beta indicator, it measures the risk of SUPER GROUP and helps estimate the fluctuations that may happen in a short period of time. So if prices of SUPER GROUP 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.Super Group Limited engages in the supply chain management, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Australia, Europe, New Zealand, and the United Kingdom. Super Group Limited was incorporated in 1943 and is headquartered in Sandton, South Africa. SUPER GROUP operates under Integrated Freight Logistics classification in Germany and is traded on Frankfurt Stock Exchange.
SUPER GROUP'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 SUPER Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much SUPER GROUP's price varies over time.
3 ways to utilize SUPER GROUP's volatility to invest better
Higher SUPER GROUP's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of SUPER GROUP LTD 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. SUPER GROUP LTD 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 SUPER GROUP LTD investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in SUPER GROUP'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 SUPER GROUP's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
SUPER GROUP Investment Opportunity
SUPER GROUP LTD has a volatility of 11.49 and is 15.12 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of SUPER GROUP LTD is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use SUPER GROUP LTD to protect your portfolios against small market fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of SUPER GROUP to be traded at €1.1808 in 90 days.SUPER GROUP Additional Risk Indicators
The analysis of SUPER 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 SUPER GROUP's investment and either accepting that risk or mitigating it. Along with some common measures of SUPER 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 | 0.0976 | |||
| Market Risk Adjusted Performance | 85.02 | |||
| Mean Deviation | 3.39 | |||
| Semi Deviation | 1.66 | |||
| Downside Deviation | 2.89 | |||
| Coefficient Of Variation | 864.06 | |||
| Standard Deviation | 11.4 |
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.
SUPER 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.
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 SUPER 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. SUPER 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, SUPER 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 SUPER GROUP LTD.
Complementary Tools for SUPER Stock analysis
When running SUPER GROUP's price analysis, check to measure SUPER 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 SUPER GROUP is operating at the current time. Most of SUPER GROUP's value examination focuses on studying past and present price action to predict the probability of SUPER 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 SUPER GROUP's price. Additionally, you may evaluate how the addition of SUPER GROUP to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Global Correlations Find global opportunities by holding instruments from different markets |