Speed Medical (Egypt) Volatility
| SPMD Stock | 0.35 0.01 2.78% |
Speed Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0714, which indicates the firm had a -0.0714% return per unit of risk over the last 3 months. Speed Medical exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Speed Medical's Semi Deviation of 1.46, risk adjusted performance of 0.0303, and Coefficient Of Variation of 3179.01 to confirm the risk estimate we provide.
Speed |
Speed Medical 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 Speed daily returns, and it is calculated using variance and standard deviation. We also use Speed's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Speed Medical volatility.
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Speed Medical 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 Speed Medical at lower prices to lower their average cost per share. Similarly, when the prices of Speed Medical's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Speed Medical Market Sensitivity And Downside Risk
Speed Medical's beta coefficient measures the volatility of Speed 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 Speed stock's returns against your selected market. In other words, Speed Medical's beta of 0.36 provides an investor with an approximation of how much risk Speed Medical stock can potentially add to one of your existing portfolios. Speed Medical currently demonstrates below-average downside deviation. It has Information Ratio of -0.04 and Jensen Alpha of 0.01. Speed Medical is a potential penny stock. Although Speed Medical 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 Speed Medical. 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 Speed 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 Speed Medical Demand TrendCheck current 90 days Speed Medical correlation with market (Dow Jones Industrial)Speed Beta |
Speed 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 | 1.92 |
It is essential to understand the difference between upside risk (as represented by Speed Medical's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Speed Medical's daily returns or price. Since the actual investment returns on holding a position in speed 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 Speed Medical.
Speed Medical Stock Volatility Analysis
Volatility refers to the frequency at which Speed Medical stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Speed Medical's price changes. Investors will then calculate the volatility of Speed Medical'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 Speed Medical's volatility:
Historical Volatility
This type of stock volatility measures Speed Medical's fluctuations based on previous trends. It's commonly used to predict Speed Medical'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 Speed Medical'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 Speed Medical'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. Speed Medical 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.
Speed Medical Projected Return Density Against Market
Assuming the 90 days trading horizon Speed Medical has a beta of 0.356 . This usually implies as returns on the market go up, Speed Medical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Speed Medical 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 Speed Medical or Drugs 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 Speed Medical'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 Speed 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.
Speed Medical has an alpha of 0.009, implying that it can generate a 0.009 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Speed Medical 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.Speed Medical Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Speed Medical is -1401.15. The daily returns are distributed with a variance of 3.69 and standard deviation of 1.92. The mean deviation of Speed Medical is currently at 1.26. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 1.92 | |
Ir | Information ratio | -0.04 |
Speed Medical Stock Return Volatility
Speed Medical historical daily return volatility represents how much of Speed Medical stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 1.9203% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7444% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Speed Medical Investment Opportunity
Speed Medical has a volatility of 1.92 and is 2.59 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Speed Medical is lower than 17 percent of all global equities and portfolios over the last 90 days. You can use Speed Medical 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 Speed Medical to be traded at 0.336 in 90 days.Average diversification
The correlation between Speed Medical and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Speed Medical and DJI in the same portfolio, assuming nothing else is changed.
Speed Medical Additional Risk Indicators
The analysis of Speed Medical'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 Speed Medical's investment and either accepting that risk or mitigating it. Along with some common measures of Speed Medical 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 | 0.0303 | |||
| Market Risk Adjusted Performance | 0.1629 | |||
| Mean Deviation | 1.34 | |||
| Semi Deviation | 1.46 | |||
| Downside Deviation | 2.82 | |||
| Coefficient Of Variation | 3179.01 | |||
| Standard Deviation | 2.05 |
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.
Speed Medical 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 Speed Medical 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. Speed Medical'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, Speed Medical'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 Speed Medical.
Complementary Tools for Speed Stock analysis
When running Speed Medical's price analysis, check to measure Speed Medical'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 Speed Medical is operating at the current time. Most of Speed Medical's value examination focuses on studying past and present price action to predict the probability of Speed Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Speed Medical's price. Additionally, you may evaluate how the addition of Speed Medical to your portfolios can decrease your overall portfolio volatility.
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |