Television Broadcasts (Germany) Volatility
| TBCN Stock | EUR 0.30 0.01 3.23% |
Television Broadcasts owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0433, which indicates the firm had a -0.0433 % return per unit of risk over the last 3 months. Television Broadcasts exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Television Broadcasts' Coefficient Of Variation of (11,950), variance of 21.52, and Risk Adjusted Performance of 0.0015 to confirm the risk estimate we provide.
Sharpe Ratio = -0.0433
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TBCN |
Estimated Market Risk
| 4.55 actual daily | 40 60% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Television Broadcasts is not performing at its full potential. However, 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 Television Broadcasts by adding Television Broadcasts to a well-diversified portfolio.
Key indicators related to Television Broadcasts' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Television Broadcasts 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 Television daily returns, and it is calculated using variance and standard deviation. We also use Television's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Television Broadcasts volatility.
Television |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Television Broadcasts 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 Television Broadcasts at lower prices to lower their average cost per share. Similarly, when the prices of Television Broadcasts' stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Television Broadcasts' market risk premium analysis include:
Beta 0.48 | Alpha (0.08) | Risk 4.55 | Sharpe Ratio (0.04) | Expected Return (0.20) |
Moving together with Television Stock
Moving against Television Stock
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| 0.61 | ST2 | Sturm Ruger Earnings Call This Week | PairCorr |
| 0.58 | LOR | LOral SA | PairCorr |
| 0.57 | UTDI | UNITED INTERNET N | PairCorr |
Television Broadcasts Market Sensitivity And Downside Risk
Television Broadcasts' beta coefficient measures the volatility of Television 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 Television stock's returns against your selected market. In other words, Television Broadcasts's beta of 0.48 provides an investor with an approximation of how much risk Television Broadcasts stock can potentially add to one of your existing portfolios. Television Broadcasts exhibits very low volatility with skewness of 0.31 and kurtosis of 1.78. Television Broadcasts is a potential penny stock. Although Television Broadcasts 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 Television Broadcasts. 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 Television 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.
| α | -0.08 | β | 0.48 | Check current 90 days Television Broadcasts correlation with market (Dow Jones Industrial)
Television Broadcasts Volatility and Downside Risk
Television 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.
Television Broadcasts Stock Volatility Analysis
Volatility refers to the frequency at which Television Broadcasts stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Television Broadcasts' price changes. Investors will then calculate the volatility of Television Broadcasts' 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 Television Broadcasts' volatility:
Historical Volatility
This type of stock volatility measures Television Broadcasts' fluctuations based on previous trends. It's commonly used to predict Television Broadcasts' 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 Television Broadcasts' 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 Television Broadcasts' 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. Television Broadcasts 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.
Television Broadcasts Projected Return Density Against Market
Assuming the 90 days trading horizon Television Broadcasts has a beta of 0.4781 . This usually implies as returns on the market go up, Television Broadcasts average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Television Broadcasts 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 Television Broadcasts or Media 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 Television Broadcasts' 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 Television 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 Television Broadcasts 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.Television Broadcasts Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Television Broadcasts is -2307.09. The daily returns are distributed with a variance of 20.67 and standard deviation of 4.55. The mean deviation of Television Broadcasts is currently at 2.64. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.81
α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.48 | |
σ | Overall volatility | 4.55 | |
Ir | Information ratio | -0.02 |
Television Broadcasts Stock Return Volatility
Television Broadcasts historical daily return volatility represents how much of Television Broadcasts stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 4.5469% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.764% 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 Television Stock performing well and Television Broadcasts 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 Television Broadcasts' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEH | 1.81 | 0.30 | 0.10 | 0.89 | 2.26 | 4.51 | 12.77 | |||
| BH5 | 1.71 | 0.53 | 0.31 | 1.13 | 1.10 | 4.17 | 21.08 | |||
| KGZ | 1.64 | 0.25 | 0.02 | (0.49) | 3.34 | 3.09 | 29.28 | |||
| XSI | 1.36 | 0.42 | 0.20 | 1.07 | 1.43 | 2.94 | 7.62 | |||
| NPSA | 1.33 | 0.23 | 0.07 | (0.66) | 1.60 | 2.63 | 10.65 | |||
| ALG | 0.15 | (0.08) | 0.00 | (12.78) | 0.00 | 0.00 | 2.73 | |||
| FXL | 0.87 | 0.13 | 0.07 | 1.56 | 0.67 | 1.77 | 4.51 | |||
| TIA | 1.41 | (0.05) | 0.00 | 1.79 | 0.00 | 4.44 | 15.00 |
About Television Broadcasts Volatility
Volatility is a rate at which the price of Television Broadcasts 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 Television Broadcasts may increase or decrease. In other words, similar to Television's beta indicator, it measures the risk of Television Broadcasts and helps estimate the fluctuations that may happen in a short period of time. So if prices of Television Broadcasts 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.Television Broadcasts Limited, together with its subsidiaries, engages in terrestrial television broadcasting, program production, and other television-related activities. The company was founded in 1967 and is headquartered in Kowloon, Hong Kong. Television Broadcasts operates under Broadcasting - TV classification in Germany and is traded on Frankfurt Stock Exchange. It employs 3377 people.
Television Broadcasts' 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 Television Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Television Broadcasts' price varies over time.
3 ways to utilize Television Broadcasts' volatility to invest better
Higher Television Broadcasts' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Television Broadcasts 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. Television Broadcasts 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 Television Broadcasts investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Television Broadcasts' 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 Television Broadcasts' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Television Broadcasts Investment Opportunity
Television Broadcasts has a volatility of 4.55 and is 5.99 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Television Broadcasts is lower than 40 percent of all global equities and portfolios over the last 90 days. You can use Television Broadcasts 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 Television Broadcasts to be traded at €0.288 in 90 days.Pay attention - limited upside
The correlation between Television Broadcasts and DJI is -0.74 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Television Broadcasts and DJI in the same portfolio, assuming nothing else is changed.
Television Broadcasts Additional Risk Indicators
The analysis of Television Broadcasts' 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 Television Broadcasts' investment and either accepting that risk or mitigating it. Along with some common measures of Television Broadcasts 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 | 0.0015 | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 2.76 | |||
| Coefficient Of Variation | (11,950) | |||
| Standard Deviation | 4.64 | |||
| Variance | 21.52 | |||
| Information Ratio | (0.02) |
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.
Television Broadcasts 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 Television Broadcasts 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. Television Broadcasts' 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, Television Broadcasts' 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 Television Broadcasts.
Complementary Tools for Television Stock analysis
When running Television Broadcasts' price analysis, check to measure Television Broadcasts' 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 Television Broadcasts is operating at the current time. Most of Television Broadcasts' value examination focuses on studying past and present price action to predict the probability of Television Broadcasts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Television Broadcasts' price. Additionally, you may evaluate how the addition of Television Broadcasts to your portfolios can decrease your overall portfolio volatility.
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