International Tower Hill Stock Volatility
| THM Stock | USD 0.46 0.01 2.22% |
International Tower Hill holds Efficiency (Sharpe) Ratio of -0.0173, which attests that the entity had a -0.0173% return per unit of risk over the last 3 months. International Tower Hill exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Tower's Market Risk Adjusted Performance of (0.06), insignificant risk adjusted performance, and Standard Deviation of 5.09 to validate the risk estimate we provide. Key indicators related to International Tower's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
International Tower 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 International daily returns, and it is calculated using variance and standard deviation. We also use International's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of International Tower volatility.
International |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as International Tower 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 International Tower at lower prices. For example, an investor can purchase International 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 International Tower'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.
Moving together with International Stock
| 0.79 | BTG | B2Gold Corp Aggressive Push | PairCorr |
Moving against International Stock
International Tower Market Sensitivity And Downside Risk
International Tower's beta coefficient measures the volatility of International 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 International stock's returns against your selected market. In other words, International Tower's beta of 1.42 provides an investor with an approximation of how much risk International Tower stock can potentially add to one of your existing portfolios. International Tower Hill exhibits very low volatility with skewness of -0.11 and kurtosis of 0.67. International Tower Hill is a potential penny stock. Although International Tower 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 International Tower Hill. 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 International 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 International Tower Hill Demand TrendCheck current 90 days International Tower correlation with market (Dow Jones Industrial)International Beta |
International 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 | 5.16 |
It is essential to understand the difference between upside risk (as represented by International Tower's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of International Tower's daily returns or price. Since the actual investment returns on holding a position in international 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 International Tower.
International Tower Hill Stock Volatility Analysis
Volatility refers to the frequency at which International Tower stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with International Tower's price changes. Investors will then calculate the volatility of International Tower'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 International Tower's volatility:
Historical Volatility
This type of stock volatility measures International Tower's fluctuations based on previous trends. It's commonly used to predict International Tower'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 International Tower'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 International Tower'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. International Tower Hill 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.
International Tower Projected Return Density Against Market
Considering the 90-day investment horizon the stock has the beta coefficient of 1.4223 . 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, International Tower 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 International Tower 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 International Tower'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 International 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.
International Tower Hill 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 an International Tower 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.International Tower Stock Risk Measures
Considering the 90-day investment horizon the coefficient of variation of International Tower is -5796.56. The daily returns are distributed with a variance of 26.61 and standard deviation of 5.16. The mean deviation of International Tower Hill is currently at 3.91. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | 1.42 | |
σ | Overall volatility | 5.16 | |
Ir | Information ratio | -0.04 |
International Tower Stock Return Volatility
International Tower historical daily return volatility represents how much of International Tower stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm has volatility of 5.1589% on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7762% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About International Tower Volatility
Volatility is a rate at which the price of International Tower 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 International Tower may increase or decrease. In other words, similar to International's beta indicator, it measures the risk of International Tower and helps estimate the fluctuations that may happen in a short period of time. So if prices of International Tower 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.International Tower Hill Mines Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. International Tower Hill Mines Ltd. was incorporated in 1978 and is headquartered in Vancouver, Canada. International Tower operates under Gold classification in the United States and is traded on AMEX Exchange. It employs 3 people.
International Tower'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 International Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much International Tower's price varies over time.
3 ways to utilize International Tower's volatility to invest better
Higher International Tower's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of International Tower Hill 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. International Tower Hill 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 International Tower Hill investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in International Tower'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 International Tower's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
International Tower Investment Opportunity
International Tower Hill has a volatility of 5.16 and is 6.62 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of International Tower Hill is lower than 45 percent of all global equities and portfolios over the last 90 days. You can use International Tower Hill to enhance the returns of your portfolios. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of International Tower to be traded at $0.552 in 90 days.Modest diversification
The correlation between International Tower Hill and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Tower Hill and DJI in the same portfolio, assuming nothing else is changed.
International Tower Additional Risk Indicators
The analysis of International Tower'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 International Tower's investment and either accepting that risk or mitigating it. Along with some common measures of International Tower 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) | |||
| Market Risk Adjusted Performance | (0.06) | |||
| Mean Deviation | 3.85 | |||
| Coefficient Of Variation | (5,934) | |||
| Standard Deviation | 5.09 | |||
| Variance | 25.9 | |||
| Information Ratio | (0.04) |
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.
International Tower 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 International Tower 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. International Tower'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, International Tower'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 International Tower Hill.
When determining whether International Tower Hill is a strong investment it is important to analyze International Tower's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact International Tower's future performance. For an informed investment choice regarding International Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in International Tower Hill. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of International Tower. If investors know International will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about International Tower listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Return On Assets (0.04) | Return On Equity (0.06) |
The market value of International Tower Hill is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Tower's value that differs from its market value or its book value, called intrinsic value, which is International Tower's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because International Tower's market value can be influenced by many factors that don't directly affect International Tower's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between International Tower's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Tower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Tower's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.