Voestalpine Ag Pk Stock Volatility
| VLPNY Stock | USD 3.85 0.14 3.51% |
Voestalpine AG PK owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0882, which indicates the firm had a -0.0882% return per unit of risk over the last 3 months. Voestalpine AG PK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Voestalpine's Variance of 7.4, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,466) to confirm the risk estimate we provide. Key indicators related to Voestalpine's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Voestalpine 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 Voestalpine daily returns, and it is calculated using variance and standard deviation. We also use Voestalpine's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Voestalpine volatility.
Voestalpine |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Voestalpine 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 Voestalpine at lower prices. For example, an investor can purchase Voestalpine 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 Voestalpine'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 Voestalpine Pink Sheet
Moving against Voestalpine Pink Sheet
| 0.77 | GGBR3 | Gerdau SA | PairCorr |
| 0.76 | AMSYF | ArcelorMittal SA | PairCorr |
| 0.74 | PTAIF | PT Astra International | PairCorr |
| 0.63 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.59 | GGBR4 | Gerdau SA | PairCorr |
| 0.57 | SSNLF | Samsung Electronics | PairCorr |
Voestalpine Market Sensitivity And Downside Risk
Voestalpine's beta coefficient measures the volatility of Voestalpine 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 Voestalpine pink sheet's returns against your selected market. In other words, Voestalpine's beta of -0.25 provides an investor with an approximation of how much risk Voestalpine pink sheet can potentially add to one of your existing portfolios. Voestalpine AG PK exhibits very low volatility with skewness of -0.48 and kurtosis of 3.58. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Voestalpine'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 Voestalpine'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 Voestalpine AG PK Demand TrendCheck current 90 days Voestalpine correlation with market (Dow Jones Industrial)Voestalpine Beta |
Voestalpine 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 | 2.71 |
It is essential to understand the difference between upside risk (as represented by Voestalpine's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Voestalpine's daily returns or price. Since the actual investment returns on holding a position in voestalpine 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 Voestalpine.
Voestalpine AG PK Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Voestalpine pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Voestalpine's price changes. Investors will then calculate the volatility of Voestalpine'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 Voestalpine's volatility:
Historical Volatility
This type of pink sheet volatility measures Voestalpine's fluctuations based on previous trends. It's commonly used to predict Voestalpine'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 Voestalpine'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 Voestalpine'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. Voestalpine AG PK 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.
Voestalpine Projected Return Density Against Market
Assuming the 90 days horizon Voestalpine AG PK has a beta of -0.247 . This entails as returns on the benchmark increase, returns on holding Voestalpine are expected to decrease at a much lower rate. During a bear market, however, Voestalpine AG PK 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 Voestalpine or Basic Materials 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 Voestalpine'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 Voestalpine 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.
Voestalpine AG PK 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 Voestalpine 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.Voestalpine Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of Voestalpine is -1133.92. The daily returns are distributed with a variance of 7.32 and standard deviation of 2.71. The mean deviation of Voestalpine AG PK is currently at 1.52. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.72
α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | -0.25 | |
σ | Overall volatility | 2.71 | |
Ir | Information ratio | -0.09 |
Voestalpine Pink Sheet Return Volatility
Voestalpine historical daily return volatility represents how much of Voestalpine pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 2.7063% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7252% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Voestalpine Volatility
Volatility is a rate at which the price of Voestalpine 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 Voestalpine may increase or decrease. In other words, similar to Voestalpine's beta indicator, it measures the risk of Voestalpine and helps estimate the fluctuations that may happen in a short period of time. So if prices of Voestalpine 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.Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The Metal Forming division manufactures special tubes and sections, and precision strip steel products, as well as pre-finished system components made from pressed, stamped, and roll-profiled parts for use in automotive, white goodsconsumer goods, buildingconstruction, energy, mechanical engineering, and others. VOESTALPINE operates under Steel classification in the United States and is traded on OTC Exchange. It employs 49900 people.
Voestalpine'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 Voestalpine Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Voestalpine's price varies over time.
3 ways to utilize Voestalpine's volatility to invest better
Higher Voestalpine's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Voestalpine AG PK 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. Voestalpine AG PK 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 Voestalpine AG PK investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Voestalpine'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 Voestalpine's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Voestalpine Investment Opportunity
Voestalpine AG PK has a volatility of 2.71 and is 3.71 times more volatile than Dow Jones Industrial. 24 percent of all equities and portfolios are less risky than Voestalpine. You can use Voestalpine AG PK to protect your portfolios against small market fluctuations. The pink sheet experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Voestalpine to be traded at $3.7 in 90 days.Good diversification
The correlation between Voestalpine AG PK and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voestalpine AG PK and DJI in the same portfolio, assuming nothing else is changed.
Voestalpine Additional Risk Indicators
The analysis of Voestalpine'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 Voestalpine's investment and either accepting that risk or mitigating it. Along with some common measures of Voestalpine 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 | (0.04) | |||
| Market Risk Adjusted Performance | 0.8022 | |||
| Mean Deviation | 1.53 | |||
| Coefficient Of Variation | (1,466) | |||
| Standard Deviation | 2.72 | |||
| Variance | 7.4 | |||
| Information Ratio | (0.09) |
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.
Voestalpine 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 Voestalpine 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. Voestalpine'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, Voestalpine'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 Voestalpine AG PK.
Additional Tools for Voestalpine Pink Sheet Analysis
When running Voestalpine's price analysis, check to measure Voestalpine'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 Voestalpine is operating at the current time. Most of Voestalpine's value examination focuses on studying past and present price action to predict the probability of Voestalpine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Voestalpine's price. Additionally, you may evaluate how the addition of Voestalpine to your portfolios can decrease your overall portfolio volatility.