Swiss Helvetia Closed Fund Volatility
| SWZ Fund | USD 7.80 0.02 0.26% |
Swiss Helvetia Closed owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the fund had a -0.21% return per unit of risk over the last 3 months. Swiss Helvetia Closed exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Swiss Helvetia's Risk Adjusted Performance of (0.11), coefficient of variation of (659.90), and Variance of 0.7142 to confirm the risk estimate we provide. Key indicators related to Swiss Helvetia's volatility include:
720 Days Market Risk | Chance Of Distress | 720 Days Economic Sensitivity |
Swiss Helvetia 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 Swiss daily returns, and it is calculated using variance and standard deviation. We also use Swiss's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Swiss Helvetia volatility.
Swiss |
Downward market volatility can be a perfect environment for investors who play the long game with Swiss Helvetia. They may decide to buy additional shares of Swiss Helvetia at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with Swiss Fund
Moving against Swiss Fund
| 0.89 | FEN | First Trust Energy | PairCorr |
| 0.87 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.66 | CSQ | Calamos Strategic Total | PairCorr |
| 0.66 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.58 | SCRYX | Small Cap Core | PairCorr |
| 0.57 | CHI | Calamos Convertible | PairCorr |
| 0.53 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.51 | CHY | Calamos Convertible And | PairCorr |
| 0.51 | STFGX | State Farm Growth | PairCorr |
Swiss Helvetia Market Sensitivity And Downside Risk
Swiss Helvetia's beta coefficient measures the volatility of Swiss 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 Swiss fund's returns against your selected market. In other words, Swiss Helvetia's beta of 0.27 provides an investor with an approximation of how much risk Swiss Helvetia fund can potentially add to one of your existing portfolios. Swiss Helvetia Closed exhibits very low volatility with skewness of -0.22 and kurtosis of 0.12. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Swiss Helvetia's fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Swiss Helvetia's fund 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 Swiss Helvetia Closed Demand TrendCheck current 90 days Swiss Helvetia correlation with market (Dow Jones Industrial)Swiss Beta |
Swiss 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 | 0.83 |
It is essential to understand the difference between upside risk (as represented by Swiss Helvetia's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Swiss Helvetia's daily returns or price. Since the actual investment returns on holding a position in swiss fund 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 Swiss Helvetia.
Swiss Helvetia Closed Fund Volatility Analysis
Volatility refers to the frequency at which Swiss Helvetia fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Swiss Helvetia's price changes. Investors will then calculate the volatility of Swiss Helvetia's fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A fund with relatively stable price changes has low volatility. A highly volatile fund 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 Swiss Helvetia's volatility:
Historical Volatility
This type of fund volatility measures Swiss Helvetia's fluctuations based on previous trends. It's commonly used to predict Swiss Helvetia's future behavior based on its past. However, it cannot conclusively determine the future direction of the fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Swiss Helvetia's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Swiss Helvetia'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. Swiss Helvetia Closed 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.
Swiss Helvetia Projected Return Density Against Market
Considering the 90-day investment horizon Swiss Helvetia has a beta of 0.2654 . This usually implies as returns on the market go up, Swiss Helvetia average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Swiss Helvetia Closed 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 Swiss Helvetia 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 Swiss Helvetia's price will be affected by overall 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 Swiss fund'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.
Swiss Helvetia Closed has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a Swiss Helvetia Price Volatility?
Several factors can influence a fund'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.Swiss Helvetia Fund Risk Measures
Considering the 90-day investment horizon the coefficient of variation of Swiss Helvetia is -483.55. The daily returns are distributed with a variance of 0.68 and standard deviation of 0.83. The mean deviation of Swiss Helvetia Closed is currently at 0.63. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 0.83 | |
Ir | Information ratio | -0.28 |
Swiss Helvetia Fund Return Volatility
Swiss Helvetia historical daily return volatility represents how much of Swiss Helvetia fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund has volatility of 0.8254% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7685% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Swiss Helvetia Volatility
Volatility is a rate at which the price of Swiss Helvetia 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 Swiss Helvetia may increase or decrease. In other words, similar to Swiss's beta indicator, it measures the risk of Swiss Helvetia and helps estimate the fluctuations that may happen in a short period of time. So if prices of Swiss Helvetia 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.The Swiss Helvetia Fund Inc. is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc. The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach, focusing on factors such as capital appreciation, income, economic and industry trends, quality of management, financial condition, business plan, industry and sector market position, dividend payout ratio, and corporate governance to create its portfolio. The fund benchmarks the performance of its portfolio against the SP 500 Index and MSCI EAFE Index. It was previously known as The Helvetia Fund, Inc. The Swiss Helvetia Fund Inc. was formed in October 24, 1986 and is domiciled in the United States.
Swiss Helvetia'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 Swiss Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Swiss Helvetia's price varies over time.
3 ways to utilize Swiss Helvetia's volatility to invest better
Higher Swiss Helvetia's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Swiss Helvetia Closed 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. Swiss Helvetia Closed 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 Swiss Helvetia Closed investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Swiss Helvetia'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 Swiss Helvetia's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Swiss Helvetia Investment Opportunity
Swiss Helvetia Closed has a volatility of 0.83 and is 1.08 times more volatile than Dow Jones Industrial. 7 percent of all equities and portfolios are less risky than Swiss Helvetia. You can use Swiss Helvetia Closed to protect your portfolios against small market fluctuations. The fund experiences a normal downward trend and little activity. Check odds of Swiss Helvetia to be traded at $7.72 in 90 days.Modest diversification
The correlation between Swiss Helvetia Closed and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swiss Helvetia Closed and DJI in the same portfolio, assuming nothing else is changed.
Swiss Helvetia Additional Risk Indicators
The analysis of Swiss Helvetia'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 Swiss Helvetia's investment and either accepting that risk or mitigating it. Along with some common measures of Swiss Helvetia 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 | (0.11) | |||
| Market Risk Adjusted Performance | (0.51) | |||
| Mean Deviation | 0.6497 | |||
| Coefficient Of Variation | (659.90) | |||
| Standard Deviation | 0.8451 | |||
| Variance | 0.7142 | |||
| Information Ratio | (0.28) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Swiss Helvetia 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 Swiss Helvetia 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. Swiss Helvetia'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, Swiss Helvetia'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 Swiss Helvetia Closed.
Other Information on Investing in Swiss Fund
Swiss Helvetia financial ratios help investors to determine whether Swiss 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 Swiss with respect to the benefits of owning Swiss Helvetia security.
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