Steppe Gold Stock Volatility
| STGO Stock | CAD 1.89 0.15 7.35% |
Steppe Gold appears to be dangerous, given 3 months investment horizon. Steppe Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0729, which indicates the firm had a 0.0729 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Steppe Gold, which you can use to evaluate the volatility of the company. Please review Steppe Gold's Coefficient Of Variation of (2,073), variance of 20.59, and Risk Adjusted Performance of (0.03) to confirm if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.0729
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Estimated Market Risk
| 4.13 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.3 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Steppe Gold is performing at about 5% 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 Steppe Gold by adding it to a well-diversified portfolio.
Key indicators related to Steppe Gold's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Steppe Gold 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 Steppe daily returns, and it is calculated using variance and standard deviation. We also use Steppe's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Steppe Gold volatility.
Steppe |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Steppe Gold 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 Steppe Gold at lower prices. For example, an investor can purchase Steppe 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 Steppe Gold'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 Steppe Gold's market risk premium analysis include:
Beta 2.35 | Alpha (0.33) | Risk 4.13 | Sharpe Ratio 0.0729 | Expected Return 0.3 |
Moving together with Steppe Stock
| 0.7 | AG | First Majestic Silver Earnings Call Tomorrow | PairCorr |
| 0.69 | IE | Ivanhoe Energy | PairCorr |
| 0.67 | ORE | Orezone Gold Corp | PairCorr |
| 0.66 | FDY | Faraday Copper Corp | PairCorr |
| 0.72 | PSLV | Sprott Physical Silver | PairCorr |
| 0.63 | NICU | Magna Mining | PairCorr |
| 0.67 | RKR | ROKMASTER Resources Corp | PairCorr |
| 0.64 | PGDC | Patagonia Gold Corp | PairCorr |
Moving against Steppe Stock
| 0.61 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.61 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.51 | AAPL | Apple CDR | PairCorr |
| 0.5 | AAPL | Apple Inc CDR | PairCorr |
Steppe Gold Market Sensitivity And Downside Risk
Steppe Gold's beta coefficient measures the volatility of Steppe 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 Steppe stock's returns against your selected market. In other words, Steppe Gold's beta of 2.35 provides an investor with an approximation of how much risk Steppe Gold stock can potentially add to one of your existing portfolios. Steppe Gold exhibits very low volatility with skewness of -0.72 and kurtosis of 1.94. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Steppe Gold'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 Steppe Gold'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 Steppe Gold Demand TrendCheck current 90 days Steppe Gold correlation with market (Dow Jones Industrial)Steppe Gold Volatility and Downside Risk
Steppe 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.
Steppe Gold Stock Volatility Analysis
Volatility refers to the frequency at which Steppe Gold stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Steppe Gold's price changes. Investors will then calculate the volatility of Steppe Gold'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 Steppe Gold's volatility:
Historical Volatility
This type of stock volatility measures Steppe Gold's fluctuations based on previous trends. It's commonly used to predict Steppe Gold'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 Steppe Gold'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 Steppe Gold'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. Steppe Gold 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.
Steppe Gold Projected Return Density Against Market
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.3475 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Steppe Gold will likely underperform.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 Steppe Gold or Metals & Mining 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 Steppe Gold'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 Steppe 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 Steppe Gold 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.Steppe Gold Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Steppe Gold is 1371.11. The daily returns are distributed with a variance of 17.04 and standard deviation of 4.13. The mean deviation of Steppe Gold is currently at 3.08. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.79
α | Alpha over Dow Jones | -0.33 | |
β | Beta against Dow Jones | 2.35 | |
σ | Overall volatility | 4.13 | |
Ir | Information ratio | -0.06 |
Steppe Gold Stock Return Volatility
Steppe Gold historical daily return volatility represents how much of Steppe Gold stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm accepts 4.1278% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7573% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Steppe Stock performing well and Steppe Gold 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 Steppe Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HSTR | 3.01 | 0.35 | 0.08 | 0.26 | 3.96 | 5.46 | 24.08 | |||
| ELE | 3.36 | 0.39 | 0.09 | 0.30 | 4.37 | 7.46 | 25.24 | |||
| MKO | 1.97 | 0.29 | 0.11 | 0.41 | 2.29 | 4.29 | 10.85 | |||
| ITH | 4.94 | 0.56 | 0.12 | 0.28 | 4.81 | 12.62 | 29.91 | |||
| ODV | 2.75 | 0.00 | 0.01 | 0.04 | 4.07 | 6.41 | 20.16 | |||
| JAG | 3.01 | 0.25 | 0.07 | 0.17 | 3.93 | 7.28 | 20.23 | |||
| TI | 5.12 | 0.51 | 0.09 | 0.48 | 5.27 | 10.85 | 36.38 | |||
| ARG | 2.32 | 0.80 | 0.21 | 0.61 | 2.89 | 6.27 | 18.84 | |||
| SBI | 3.26 | 0.13 | 0.03 | 0.16 | 4.45 | 5.91 | 19.64 | |||
| NFG | 3.55 | 0.32 | 0.07 | 0.41 | 4.39 | 10.06 | 31.55 |
About Steppe Gold Volatility
Volatility is a rate at which the price of Steppe Gold 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 Steppe Gold may increase or decrease. In other words, similar to Steppe's beta indicator, it measures the risk of Steppe Gold and helps estimate the fluctuations that may happen in a short period of time. So if prices of Steppe Gold 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 | 955.8 K | 951.1 K | |
| Market Cap | 72.2 M | 43.4 M |
Steppe Gold'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 Steppe Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Steppe Gold's price varies over time.
3 ways to utilize Steppe Gold's volatility to invest better
Higher Steppe Gold's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Steppe Gold 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. Steppe Gold 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 Steppe Gold investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Steppe Gold'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 Steppe Gold's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Steppe Gold Investment Opportunity
Steppe Gold has a volatility of 4.13 and is 5.43 times more volatile than Dow Jones Industrial. 37 percent of all equities and portfolios are less risky than Steppe Gold. You can use Steppe Gold to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Steppe Gold to be traded at C$1.7955 in 90 days.Poor diversification
The correlation between Steppe Gold and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steppe Gold and DJI in the same portfolio, assuming nothing else is changed.
Steppe Gold Additional Risk Indicators
The analysis of Steppe Gold'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 Steppe Gold's investment and either accepting that risk or mitigating it. Along with some common measures of Steppe Gold 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 3.29 | |||
| Coefficient Of Variation | (2,073) | |||
| Standard Deviation | 4.54 | |||
| Variance | 20.59 | |||
| Information Ratio | (0.06) |
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.
Steppe Gold 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 Steppe Gold 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. Steppe Gold'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, Steppe Gold'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 Steppe Gold.
Other Information on Investing in Steppe Stock
Steppe Gold financial ratios help investors to determine whether Steppe 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 Steppe with respect to the benefits of owning Steppe Gold security.