Firsthand Technology Value Fund Volatility
| SVVC Fund | USD 0.05 0.03 150.00% |
Firsthand Technology is out of control given 3 months investment horizon. Firsthand Technology secures Sharpe Ratio (or Efficiency) of 0.0886, which denotes the fund had a 0.0886 % return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.35% are justified by taking the suggested risk. Use Firsthand Technology Mean Deviation of 13.13, coefficient of variation of 1155.87, and Downside Deviation of 26.71 to evaluate company specific risk that cannot be diversified away.
Sharpe Ratio = 0.0886
| High Returns | Best Equity | |||
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| Average Returns | SVVC | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Based on monthly moving average Firsthand Technology is performing at about 7% 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 Firsthand Technology by adding it to a well-diversified portfolio.
Key indicators related to Firsthand Technology's volatility include:30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Firsthand Technology OTC Fund 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 Firsthand daily returns, and it is calculated using variance and standard deviation. We also use Firsthand's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Firsthand Technology volatility.
Firsthand |
Downward market volatility can be a perfect environment for investors who play the long game with Firsthand Technology. They may decide to buy additional shares of Firsthand Technology at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving against Firsthand OTC Fund
| 0.69 | CLM | Cornerstone Strategic | PairCorr |
| 0.65 | CRF | Cornerstone Total Return | PairCorr |
| 0.63 | MRK | Merck Company | PairCorr |
| 0.62 | CII | Blackrock Enhanced | PairCorr |
| 0.62 | JPM | JPMorgan Chase Earnings Call This Week | PairCorr |
| 0.58 | DD | Dupont De Nemours | PairCorr |
| 0.57 | NFJ | Virtus Dividend Interest | PairCorr |
| 0.56 | ETV | Eaton Vance Tax | PairCorr |
| 0.55 | AXP | American Express | PairCorr |
| 0.54 | CAT | Caterpillar | PairCorr |
Firsthand Technology Market Sensitivity And Downside Risk
Firsthand Technology's beta coefficient measures the volatility of Firsthand otc fund 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 Firsthand otc fund's returns against your selected market. In other words, Firsthand Technology's beta of -0.4 provides an investor with an approximation of how much risk Firsthand Technology otc fund can potentially add to one of your existing portfolios. Firsthand Technology Value is showing large volatility of returns over the selected time horizon. Firsthand Technology Value is a penny fund. Although Firsthand Technology may be in fact a good investment, many penny otc funds are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Firsthand Technology Value. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Firsthand instrument if you perfectly time your entry and exit. However, remember that penny otcs 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.
| α | 2.24 | β | -0.4 | Check current 90 days Firsthand Technology correlation with market (Dow Jones Industrial)
Firsthand Technology Volatility and Downside Risk
Firsthand 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.
Firsthand Technology OTC Fund Volatility Analysis
Volatility refers to the frequency at which Firsthand Technology otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Firsthand Technology's price changes. Investors will then calculate the volatility of Firsthand Technology's otc fund to predict their future moves. A otc that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A otc fund with relatively stable price changes has low volatility. A highly volatile otc 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 Firsthand Technology's volatility:
Historical Volatility
This type of otc volatility measures Firsthand Technology's fluctuations based on previous trends. It's commonly used to predict Firsthand Technology's future behavior based on its past. However, it cannot conclusively determine the future direction of the otc fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Firsthand Technology's current market price. This means that the otc will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Firsthand Technology'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. Firsthand Technology 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.
Firsthand Technology Projected Return Density Against Market
Given the investment horizon of 90 days Firsthand Technology Value has a beta of -0.3952 . This usually implies as returns on the benchmark increase, returns on holding Firsthand Technology are expected to decrease at a much lower rate. During a bear market, however, Firsthand Technology Value is likely to outperform the market.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 Firsthand Technology or Financial Services 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 Firsthand Technology's price will be affected by overall otc fund 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 Firsthand otc'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.
Firsthand Technology Value has an alpha of 2.2445, implying that it can generate a 2.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Firsthand Technology Price Volatility?
Several factors can influence a otc'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.Firsthand Technology OTC Fund Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Firsthand Technology is 1128.6. The daily returns are distributed with a variance of 705.23 and standard deviation of 26.56. The mean deviation of Firsthand Technology Value is currently at 13.58. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.74
α | Alpha over Dow Jones | 2.24 | |
β | Beta against Dow Jones | -0.4 | |
σ | Overall volatility | 26.56 | |
Ir | Information ratio | 0.08 |
Firsthand Technology OTC Fund Return Volatility
Firsthand Technology historical daily return volatility represents how much of Firsthand Technology otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund inherits 26.5563% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7071% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
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 Firsthand OTC Fund performing well and Firsthand Technology OTC Fund 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 Firsthand Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICMB | 1.22 | (0.02) | 0.00 | (0.52) | 0.00 | 2.60 | 8.55 | |||
| AEF | 0.90 | 0.12 | 0.09 | 0.23 | 0.93 | 2.13 | 5.49 | |||
| AHFCF | 0.28 | 0.14 | 0.00 | (2.07) | 0.00 | 0.00 | 7.69 | |||
| BLRZF | 28.98 | 12.61 | 0.00 | 1.10 | 0.00 | 0.00 | 900.00 | |||
| PYCFF | 9.94 | 4.88 | 2.68 | 2.28 | 0.00 | 2.72 | 337.53 | |||
| STRS | 2.28 | 0.27 | 0.12 | 0.25 | 2.33 | 5.07 | 17.98 | |||
| OFS | 2.20 | (0.58) | 0.00 | (1.71) | 0.00 | 4.14 | 16.93 | |||
| RAND | 2.33 | (0.27) | 0.00 | (6.94) | 0.00 | 6.53 | 20.24 | |||
| SSBI | 1.02 | 0.00 | (0.03) | 0.07 | 1.99 | 2.38 | 8.92 |
About Firsthand Technology Volatility
Volatility is a rate at which the price of Firsthand Technology 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 Firsthand Technology may increase or decrease. In other words, similar to Firsthand's beta indicator, it measures the risk of Firsthand Technology and helps estimate the fluctuations that may happen in a short period of time. So if prices of Firsthand Technology 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.Firsthand Technology Value Fund, Inc. is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. The fund seeks to exit its investments through strategic acquisition by other industry participants, initial public offering of common stock, or other capital market transaction. Firsthand Technology operates under Asset Management classification in the United States and is traded on NASDAQ Exchange.
Firsthand Technology'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 Firsthand OTC Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Firsthand Technology's price varies over time.
3 ways to utilize Firsthand Technology's volatility to invest better
Higher Firsthand Technology's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Firsthand Technology fund 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. Firsthand Technology fund 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 Firsthand Technology investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Firsthand Technology's fund 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 Firsthand Technology's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Firsthand Technology Investment Opportunity
Firsthand Technology Value has a volatility of 26.56 and is 37.41 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than Firsthand Technology. You can use Firsthand Technology Value to enhance the returns of your portfolios. The otc fund experiences a very speculative upward sentiment. The trend is possibly hyped up. Check odds of Firsthand Technology to be traded at $0.0625 in 90 days.Good diversification
The correlation between Firsthand Technology Value and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Firsthand Technology Value and DJI in the same portfolio, assuming nothing else is changed.
Firsthand Technology Additional Risk Indicators
The analysis of Firsthand Technology'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 Firsthand Technology's investment and either accepting that risk or mitigating it. Along with some common measures of Firsthand Technology otc fund'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 | 0.074 | |||
| Market Risk Adjusted Performance | (5.60) | |||
| Mean Deviation | 13.13 | |||
| Semi Deviation | 13.14 | |||
| Downside Deviation | 26.71 | |||
| Coefficient Of Variation | 1155.87 | |||
| Standard Deviation | 25.72 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential otc funds, we recommend comparing similar otcs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Firsthand Technology 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.
| Microsoft vs. Firsthand Technology | ||
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| Visa vs. Firsthand Technology | ||
| GM vs. Firsthand Technology | ||
| Alphabet vs. Firsthand Technology | ||
| Citigroup vs. Firsthand Technology | ||
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 Firsthand Technology 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. Firsthand Technology'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, Firsthand Technology'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 Firsthand Technology Value.
Other Information on Investing in Firsthand OTC Fund
Firsthand Technology financial ratios help investors to determine whether Firsthand OTC Fund 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 Firsthand with respect to the benefits of owning Firsthand Technology security.
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