Sonida Senior Living Stock Volatility
| SNDA Stock | USD 32.00 0.62 1.90% |
At this point, Sonida Senior is very steady. Sonida Senior Living owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0597, which indicates the firm had a 0.0597 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sonida Senior Living, which you can use to evaluate the volatility of the company. Please validate Sonida Senior's Risk Adjusted Performance of 0.127, semi deviation of 0.7522, and Coefficient Of Variation of 611.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.0852%.
Sharpe Ratio = 0.0597
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Based on monthly moving average Sonida Senior is performing at about 4% 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 Sonida Senior by adding it to a well-diversified portfolio.
Key indicators related to Sonida Senior's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Sonida Senior 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 Sonida daily returns, and it is calculated using variance and standard deviation. We also use Sonida's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Sonida Senior volatility.
ESG Sustainability
While most ESG disclosures are voluntary, Sonida Senior's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Sonida Senior's managers and investors.Environmental | Governance | Social |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Sonida Senior 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 Sonida Senior at lower prices to lower their average cost per share. Similarly, when the prices of Sonida Senior's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Sonida Senior's market risk premium analysis include:
Beta 0.47 | Alpha 0.36 | Risk 1.43 | Sharpe Ratio 0.0597 | Expected Return 0.0852 |
Moving together with Sonida Stock
| 0.71 | HAE | Haemonetics Earnings Call Tomorrow | PairCorr |
Moving against Sonida Stock
| 0.59 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.48 | XTNT | Xtant Medical Holdings | PairCorr |
| 0.47 | IVF | INVO Fertility Symbol Change | PairCorr |
| 0.4 | S21 | S2MEDICAL AB B | PairCorr |
| 0.37 | RHT | Resonance Health | PairCorr |
| 0.36 | AHC | Austco Healthcare | PairCorr |
| 0.35 | IHC | Inspiration Healthcare | PairCorr |
| 0.34 | AHG | Akso Health Group | PairCorr |
Sonida Senior Market Sensitivity And Downside Risk
Sonida Senior's beta coefficient measures the volatility of Sonida 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 Sonida stock's returns against your selected market. In other words, Sonida Senior's beta of 0.47 provides an investor with an approximation of how much risk Sonida Senior stock can potentially add to one of your existing portfolios. Sonida Senior Living has relatively low volatility with skewness of 3.81 and kurtosis of 20.63. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Sonida Senior'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 Sonida Senior'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 Sonida Senior Living Demand TrendCheck current 90 days Sonida Senior correlation with market (Dow Jones Industrial)Sonida Senior Volatility and Downside Risk
Sonida 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.
Sonida Senior Living Stock Volatility Analysis
Volatility refers to the frequency at which Sonida Senior stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Sonida Senior's price changes. Investors will then calculate the volatility of Sonida Senior'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 Sonida Senior's volatility:
Historical Volatility
This type of stock volatility measures Sonida Senior's fluctuations based on previous trends. It's commonly used to predict Sonida Senior'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 Sonida Senior'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 Sonida Senior'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. Sonida Senior Living 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.
Sonida Senior Projected Return Density Against Market
Given the investment horizon of 90 days Sonida Senior has a beta of 0.4743 . This usually implies as returns on the market go up, Sonida Senior average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sonida Senior Living 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 Sonida Senior or Health Care Equipment & Supplies 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 Sonida Senior'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 Sonida 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.
Predicted Return Density |
| Returns |
What Drives a Sonida Senior 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 investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Sonida Senior Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Sonida Senior is 1675.67. The daily returns are distributed with a variance of 2.04 and standard deviation of 1.43. The mean deviation of Sonida Senior Living is currently at 1.03. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.73
α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | 0.47 | |
σ | Overall volatility | 1.43 | |
Ir | Information ratio | 0.14 |
Sonida Senior Stock Return Volatility
Sonida Senior historical daily return volatility represents how much of Sonida Senior stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 1.4272% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7511% volatility on return distribution over the 90 days horizon. Performance |
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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
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Risk-Adjusted Indicators
There is a big difference between Sonida Stock performing well and Sonida Senior 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 Sonida Senior'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TOI | 4.09 | (0.74) | 0.00 | (0.41) | 0.00 | 6.53 | 42.16 | |||
| CYH | 2.18 | (0.48) | 0.00 | (0.26) | 0.00 | 4.91 | 15.66 | |||
| EHAB | 1.75 | 0.35 | 0.17 | 0.78 | 1.72 | 4.81 | 11.79 | |||
| CMPS | 3.35 | 0.08 | 0.01 | 0.17 | 4.72 | 8.25 | 28.62 | |||
| OCGN | 3.76 | 0.08 | 0.02 | 0.13 | 4.43 | 7.25 | 32.50 | |||
| ANGO | 2.07 | (0.20) | 0.00 | (0.17) | 0.00 | 4.34 | 18.26 | |||
| SY | 3.76 | 0.10 | 0.02 | 0.14 | 5.25 | 7.04 | 31.96 | |||
| FULC | 4.39 | 0.48 | 0.08 | (0.25) | 4.40 | 11.56 | 53.80 | |||
| LAB | 3.10 | 0.21 | 0.06 | 0.20 | 3.28 | 7.81 | 24.04 | |||
| VREX | 1.66 | 0.19 | 0.06 | 0.18 | 3.01 | 3.76 | 17.42 |
About Sonida Senior Volatility
Volatility is a rate at which the price of Sonida Senior 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 Sonida Senior may increase or decrease. In other words, similar to Sonida's beta indicator, it measures the risk of Sonida Senior and helps estimate the fluctuations that may happen in a short period of time. So if prices of Sonida Senior 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.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 3.2 M | 3.1 M | |
| Market Cap | 24.3 M | 23.1 M |
Sonida Senior'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 Sonida Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Sonida Senior's price varies over time.
3 ways to utilize Sonida Senior's volatility to invest better
Higher Sonida Senior's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Sonida Senior Living 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. Sonida Senior Living 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 Sonida Senior Living investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Sonida Senior'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 Sonida Senior's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Sonida Senior Investment Opportunity
Sonida Senior Living has a volatility of 1.43 and is 1.91 times more volatile than Dow Jones Industrial. 12 percent of all equities and portfolios are less risky than Sonida Senior. You can use Sonida Senior Living to protect your portfolios against small market fluctuations. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of Sonida Senior to be traded at $31.04 in 90 days.Modest diversification
The correlation between Sonida Senior Living and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sonida Senior Living and DJI in the same portfolio, assuming nothing else is changed.
Sonida Senior Additional Risk Indicators
The analysis of Sonida Senior'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 Sonida Senior's investment and either accepting that risk or mitigating it. Along with some common measures of Sonida Senior 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 | 0.127 | |||
| Market Risk Adjusted Performance | 0.8028 | |||
| Mean Deviation | 1.37 | |||
| Semi Deviation | 0.7522 | |||
| Downside Deviation | 1.11 | |||
| Coefficient Of Variation | 611.45 | |||
| Standard Deviation | 2.36 |
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.
Sonida Senior 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 Sonida Senior 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. Sonida Senior'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, Sonida Senior'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 Sonida Senior Living.
Complementary Tools for Sonida Stock analysis
When running Sonida Senior's price analysis, check to measure Sonida Senior'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 Sonida Senior is operating at the current time. Most of Sonida Senior's value examination focuses on studying past and present price action to predict the probability of Sonida Senior's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonida Senior's price. Additionally, you may evaluate how the addition of Sonida Senior to your portfolios can decrease your overall portfolio volatility.
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