Tenaris Sa Stock Volatility
| TNRSF Stock | USD 16.81 0.00 0.00% |
Tenaris SA appears to be very steady, given 3 months investment horizon. Tenaris SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Tenaris SA, which you can use to evaluate the volatility of the company. Please review Tenaris SA's Coefficient Of Variation of 523.78, variance of 2.45, and Risk Adjusted Performance of 0.149 to confirm if our risk estimates are consistent with your expectations. Key indicators related to Tenaris SA's volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Tenaris SA Pink Sheet 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 Tenaris daily returns, and it is calculated using variance and standard deviation. We also use Tenaris's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Tenaris SA volatility.
Tenaris |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Tenaris SA 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 Tenaris SA at lower prices to lower their average cost per share. Similarly, when the prices of Tenaris SA's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Tenaris Pink Sheet
| 0.92 | FI | Fiserv, Sell-off Trend | PairCorr |
| 0.87 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
| 0.92 | TS | Tenaris SA ADR Sell-off Trend | PairCorr |
| 0.67 | FTI | TechnipFMC PLC | PairCorr |
Moving against Tenaris Pink Sheet
| 0.63 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.55 | CHOLF | China Oilfield Services | PairCorr |
| 0.49 | NOV | NOV Inc | PairCorr |
| 0.46 | DAIUF | Daifuku | PairCorr |
Tenaris SA Market Sensitivity And Downside Risk
Tenaris SA's beta coefficient measures the volatility of Tenaris pink sheet 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 Tenaris pink sheet's returns against your selected market. In other words, Tenaris SA's beta of -0.19 provides an investor with an approximation of how much risk Tenaris SA pink sheet can potentially add to one of your existing portfolios. Tenaris SA exhibits very low volatility with skewness of 3.84 and kurtosis of 18.68. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Tenaris SA's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Tenaris SA's pink sheet 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 Tenaris SA Demand TrendCheck current 90 days Tenaris SA correlation with market (Dow Jones Industrial)Tenaris Beta |
Tenaris 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 | 1.63 |
It is essential to understand the difference between upside risk (as represented by Tenaris SA's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Tenaris SA's daily returns or price. Since the actual investment returns on holding a position in tenaris pink sheet 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 Tenaris SA.
Tenaris SA Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Tenaris SA pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Tenaris SA's price changes. Investors will then calculate the volatility of Tenaris SA's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet 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 Tenaris SA's volatility:
Historical Volatility
This type of pink sheet volatility measures Tenaris SA's fluctuations based on previous trends. It's commonly used to predict Tenaris SA's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Tenaris SA's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Tenaris SA'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. Tenaris SA 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.
Tenaris SA Projected Return Density Against Market
Assuming the 90 days horizon Tenaris SA has a beta of -0.1852 . This usually implies as returns on the benchmark increase, returns on holding Tenaris SA are expected to decrease at a much lower rate. During a bear market, however, Tenaris SA 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 Tenaris SA or Energy 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 Tenaris SA's price will be affected by overall pink sheet 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 Tenaris pink sheet'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.
Tenaris SA has an alpha of 0.3047, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Tenaris SA Price Volatility?
Several factors can influence a pink sheet'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.Tenaris SA Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of Tenaris SA is 503.1. The daily returns are distributed with a variance of 2.65 and standard deviation of 1.63. The mean deviation of Tenaris SA is currently at 0.71. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.75
α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 1.63 | |
Ir | Information ratio | 0.13 |
Tenaris SA Pink Sheet Return Volatility
Tenaris SA historical daily return volatility represents how much of Tenaris SA pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 1.6272% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7608% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Tenaris SA Volatility
Volatility is a rate at which the price of Tenaris SA 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 Tenaris SA may increase or decrease. In other words, similar to Tenaris's beta indicator, it measures the risk of Tenaris SA and helps estimate the fluctuations that may happen in a short period of time. So if prices of Tenaris SA 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.Tenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products and provides related services for the oil and gas industry, and other industrial applications. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris Sa operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 24000 people.
Tenaris SA'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 Tenaris Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Tenaris SA's price varies over time.
3 ways to utilize Tenaris SA's volatility to invest better
Higher Tenaris SA's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Tenaris SA 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. Tenaris SA 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 Tenaris SA investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Tenaris SA'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 Tenaris SA's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Tenaris SA Investment Opportunity
Tenaris SA has a volatility of 1.63 and is 2.14 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Tenaris SA is lower than 14 percent of all global equities and portfolios over the last 90 days. You can use Tenaris SA to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Tenaris SA to be traded at $16.64 in 90 days.Good diversification
The correlation between Tenaris SA and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tenaris SA and DJI in the same portfolio, assuming nothing else is changed.
Tenaris SA Additional Risk Indicators
The analysis of Tenaris SA'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 Tenaris SA's investment and either accepting that risk or mitigating it. Along with some common measures of Tenaris SA pink sheet'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 | 0.149 | |||
| Market Risk Adjusted Performance | (1.55) | |||
| Mean Deviation | 0.6595 | |||
| Coefficient Of Variation | 523.78 | |||
| Standard Deviation | 1.57 | |||
| Variance | 2.45 | |||
| Information Ratio | 0.13 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Tenaris SA 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 Tenaris SA 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. Tenaris SA'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, Tenaris SA'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 Tenaris SA.
Complementary Tools for Tenaris Pink Sheet analysis
When running Tenaris SA's price analysis, check to measure Tenaris SA's 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 Tenaris SA is operating at the current time. Most of Tenaris SA's value examination focuses on studying past and present price action to predict the probability of Tenaris SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenaris SA's price. Additionally, you may evaluate how the addition of Tenaris SA to your portfolios can decrease your overall portfolio volatility.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |