Syn Mun (Thailand) Volatility
Syn Mun is out of control given 3 months investment horizon. Syn Mun Kong owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for thirteen different technical indicators, which can help you to evaluate if expected returns of 16.43% are justified by taking the suggested risk. Use Syn Mun Kong Risk Adjusted Performance of (0.04), coefficient of variation of (1,464), and Variance of 182.1 to evaluate company specific risk that cannot be diversified away. Key indicators related to Syn Mun's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Syn Mun 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 Syn daily returns, and it is calculated using variance and standard deviation. We also use Syn's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Syn Mun volatility.
Syn |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Syn Mun at lower prices. For example, an investor can purchase Syn stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes.
Moving against Syn Stock
Syn Mun Market Sensitivity And Downside Risk
Syn Mun's beta coefficient measures the volatility of Syn 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 Syn stock's returns against your selected market. In other words, Syn Mun's beta of -2.17 provides an investor with an approximation of how much risk Syn Mun stock can potentially add to one of your existing portfolios. Syn Mun Kong is displaying above-average volatility over the selected time horizon. You can indeed make money on Syn 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 Syn Mun Kong Demand TrendCheck current 90 days Syn Mun correlation with market (Dow Jones Industrial)Syn Beta |
Syn 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 | 152.24 |
It is essential to understand the difference between upside risk (as represented by Syn Mun's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Syn Mun's daily returns or price. Since the actual investment returns on holding a position in syn 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 Syn Mun.
Syn Mun Kong Stock Volatility Analysis
Volatility refers to the frequency at which Syn Mun stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Syn Mun's price changes. Investors will then calculate the volatility of Syn Mun'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 Syn Mun's volatility:
Historical Volatility
This type of stock volatility measures Syn Mun's fluctuations based on previous trends. It's commonly used to predict Syn Mun'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 Syn Mun'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 Syn Mun's to be redeemed at a future date.Transformation |
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Syn Mun Projected Return Density Against Market
Assuming the 90 days trading horizon Syn Mun Kong has a beta of -2.1724 . This usually implies as returns on its benchmark rise, returns on holding Syn Mun Kong are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Syn Mun is expected to outperform its benchmark.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 Syn Mun or Insurance 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 Syn Mun'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 Syn 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.
Syn Mun Kong has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a Syn Mun 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.Syn Mun Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Syn Mun is 926.81. The daily returns are distributed with a variance of 23176.16 and standard deviation of 152.24. The mean deviation of Syn Mun Kong is currently at 45.14. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.71 | |
β | Beta against Dow Jones | -2.17 | |
σ | Overall volatility | 152.24 | |
Ir | Information ratio | -0.08 |
Syn Mun Stock Return Volatility
Syn Mun historical daily return volatility represents how much of Syn Mun stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 152.2372% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7425% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Syn Mun Volatility
Volatility is a rate at which the price of Syn Mun 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 Syn Mun may increase or decrease. In other words, similar to Syn's beta indicator, it measures the risk of Syn Mun and helps estimate the fluctuations that may happen in a short period of time. So if prices of Syn Mun 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.Syn Mun Kong Insurance Public Company Limited provides non-life insurance products in Thailand. Syn Mun Kong Insurance Public Company Limited was founded in 1951 and is based in Bangkok, Thailand. SYN MUN operates under Insurance - Property Casualty classification in Thailand and is traded on Stock Exchange of Thailand.
Syn Mun'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 Syn Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Syn Mun's price varies over time.
3 ways to utilize Syn Mun's volatility to invest better
Higher Syn Mun's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Syn Mun Kong 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. Syn Mun Kong 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 Syn Mun Kong investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Syn Mun'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 Syn Mun's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Syn Mun Investment Opportunity
Syn Mun Kong has a volatility of 152.24 and is 205.73 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than Syn Mun. You can use Syn Mun Kong to protect your portfolios against small market fluctuations. The stock experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Syn Mun to be traded at 0.0 in 90 days.Good diversification
The correlation between Syn Mun Kong and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Syn Mun Kong and DJI in the same portfolio, assuming nothing else is changed.
Syn Mun Additional Risk Indicators
The analysis of Syn Mun'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 Syn Mun's investment and either accepting that risk or mitigating it. Along with some common measures of Syn Mun 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 | (0.04) | |||
| Market Risk Adjusted Performance | 0.4389 | |||
| Mean Deviation | 3.76 | |||
| Coefficient Of Variation | (1,464) | |||
| Standard Deviation | 13.49 | |||
| Variance | 182.1 | |||
| Information Ratio | (0.08) |
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.
Syn Mun 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 Syn Mun 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. Syn Mun'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, Syn Mun'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 Syn Mun Kong.
Other Information on Investing in Syn Stock
Syn Mun financial ratios help investors to determine whether Syn Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Syn with respect to the benefits of owning Syn Mun security.