Sinovus Mining Volatility
| SNVDelisted Stock | USD 50.05 0.00 0.00% |
Sinovus Mining appears to be very steady, given 3 months investment horizon. Sinovus Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18 % return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Sinovus Mining, which you can use to evaluate the volatility of the company. Please review Sinovus Mining's Coefficient Of Variation of 3182.38, semi deviation of 1.99, and Risk Adjusted Performance of 0.029 to confirm if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.1788
| High Returns | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | SNV | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.58 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Sinovus Mining is performing at about 14% 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 Sinovus Mining by adding it to a well-diversified portfolio.
Key indicators related to Sinovus Mining's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Sinovus Mining 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 Sinovus daily returns, and it is calculated using variance and standard deviation. We also use Sinovus's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Sinovus Mining volatility.
Sinovus |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Sinovus Mining can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Sinovus Mining at lower prices. For example, an investor can purchase Sinovus stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Sinovus Mining's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns. Main indicators related to Sinovus Mining's market risk premium analysis include:
Beta 0.74 | Alpha 0.0136 | Risk 1.58 | Sharpe Ratio 0.18 | Expected Return 0.28 |
Moving together with Sinovus Stock
| 0.65 | WOW | Woolworths Group | PairCorr |
| 0.72 | RIO | RIO Tinto | PairCorr |
| 0.82 | CBAPK | Commonwealth Bank Earnings Call This Week | PairCorr |
Moving against Sinovus Stock
Sinovus Mining Market Sensitivity And Downside Risk
Sinovus Mining's beta coefficient measures the volatility of Sinovus 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 Sinovus stock's returns against your selected market. In other words, Sinovus Mining's beta of 0.74 provides an investor with an approximation of how much risk Sinovus Mining stock can potentially add to one of your existing portfolios. Sinovus Mining currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of 0.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Sinovus Mining'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 Sinovus Mining'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 Sinovus Mining Demand TrendCheck current 90 days Sinovus Mining correlation with market (Dow Jones Industrial)Sinovus Mining Volatility and Downside Risk
Sinovus 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.
Sinovus Mining Stock Volatility Analysis
Volatility refers to the frequency at which Sinovus Mining delisted stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Sinovus Mining's price changes. Investors will then calculate the volatility of Sinovus Mining's stock to predict their future moves. A delisted 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 delisted 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 Sinovus Mining's volatility:
Historical Volatility
This type of delisted stock volatility measures Sinovus Mining's fluctuations based on previous trends. It's commonly used to predict Sinovus Mining'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 Sinovus Mining's current market price. This means that the delisted stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Sinovus Mining's to be redeemed at a future date.Transformation |
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Sinovus Mining Projected Return Density Against Market
Considering the 90-day investment horizon Sinovus Mining has a beta of 0.7413 . This usually implies as returns on the market go up, Sinovus Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sinovus Mining 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 Sinovus Mining or Banks 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 Sinovus Mining'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 Sinovus delisted 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.
Sinovus Mining has an alpha of 0.0136, implying that it can generate a 0.0136 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Sinovus Mining Price Volatility?
Several factors can influence a delisted 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.Sinovus Mining Stock Risk Measures
Considering the 90-day investment horizon the coefficient of variation of Sinovus Mining is 559.39. The daily returns are distributed with a variance of 2.48 and standard deviation of 1.58. The mean deviation of Sinovus Mining is currently at 1.14. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.73
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.74 | |
σ | Overall volatility | 1.58 | |
Ir | Information ratio | 0.0009 |
Sinovus Mining Stock Return Volatility
Sinovus Mining historical daily return volatility represents how much of Sinovus Mining delisted stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The venture has volatility of 1.576% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7587% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Sinovus Stock performing well and Sinovus Mining 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 Sinovus Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VLY | 1.15 | 0.15 | 0.09 | 0.17 | 1.37 | 3.26 | 8.87 | |||
| PNFP | 1.26 | 0.16 | 0.09 | 0.19 | 1.49 | 3.19 | 8.67 | |||
| PB | 1.12 | 0.12 | 0.05 | 0.50 | 1.68 | 2.92 | 11.82 | |||
| COLB | 1.19 | 0.21 | 0.14 | 0.58 | 1.09 | 3.20 | 8.86 | |||
| FNB | 1.02 | 0.16 | 0.12 | 0.19 | 1.15 | 2.90 | 8.60 | |||
| BOKF | 1.04 | 0.26 | 0.22 | 0.31 | 0.84 | 3.17 | 7.41 | |||
| CBSH | 0.97 | 0.05 | 0.03 | 0.11 | 1.19 | 2.40 | 6.30 | |||
| CADE | 1.20 | 0.15 | 0.08 | 0.32 | 1.49 | 3.30 | 10.36 | |||
| OZK | 1.04 | 0.05 | 0.01 | 0.18 | 1.24 | 2.43 | 7.47 | |||
| BMA | 2.28 | 0.44 | 0.22 | (6.94) | 1.54 | 6.62 | 10.99 |
About Sinovus Mining Volatility
Volatility is a rate at which the price of Sinovus Mining 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 Sinovus Mining may increase or decrease. In other words, similar to Sinovus's beta indicator, it measures the risk of Sinovus Mining and helps estimate the fluctuations that may happen in a short period of time. So if prices of Sinovus Mining 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.Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. The company was founded in 1888 and is headquartered in Columbus, Georgia. Synovus Financial operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 4887 people.
Sinovus Mining'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 Sinovus Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Sinovus Mining's price varies over time.
3 ways to utilize Sinovus Mining's volatility to invest better
Higher Sinovus Mining's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Sinovus Mining 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. Sinovus Mining 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 Sinovus Mining investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Sinovus Mining'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 Sinovus Mining's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Sinovus Mining Investment Opportunity
Sinovus Mining has a volatility of 1.58 and is 2.08 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Sinovus Mining is lower than 14 percent of all global equities and portfolios over the last 90 days. You can use Sinovus Mining 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 Sinovus Mining to be traded at $49.55 in 90 days.Poor diversification
The correlation between Sinovus Mining and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sinovus Mining and DJI in the same portfolio, assuming nothing else is changed.
Sinovus Mining Additional Risk Indicators
The analysis of Sinovus Mining'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 Sinovus Mining's investment and either accepting that risk or mitigating it. Along with some common measures of Sinovus Mining 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 | 0.029 | |||
| Market Risk Adjusted Performance | 0.0741 | |||
| Mean Deviation | 1.31 | |||
| Semi Deviation | 1.99 | |||
| Downside Deviation | 2.11 | |||
| Coefficient Of Variation | 3182.38 | |||
| Standard Deviation | 1.83 |
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 delisted stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Sinovus Mining 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 Sinovus Mining 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. Sinovus Mining'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, Sinovus Mining'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 Sinovus Mining.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Consideration for investing in Sinovus Stock
If you are still planning to invest in Sinovus Mining check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sinovus Mining's history and understand the potential risks before investing.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |