Viemed Healthcare Stock Volatility
| VMD Stock | USD 8.52 -1.18 -12.16% |
Sharpe Ratio = 0.008
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Viemed Healthcare posted a Market Risk Adjusted Performance of 0.2%, a Risk of 3.05, and a Risk Adjusted Performance of 0.1% for the reported period. Monthly moving average data shows the stock is underperforming relative to its full potential.
Key indicators related to Viemed Healthcare's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for Viemed Healthcare (3 Months):
Beta 0.75 | Alpha 0.13 | Risk 3.05 | Sharpe Ratio 0.01 | Expected Return 0.02 |
Moving together with Viemed Stock
Moving Against Viemed Stock
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| 0.78 | DHR | Danaher | PairCorr |
| 0.76 | DXCM | DexCom Inc | PairCorr |
| 0.69 | IOB | Ion Beam Applications | PairCorr |
| 0.67 | PHG | Koninklijke Philips | PairCorr |
| 0.65 | SYK | Stryker | PairCorr |
Sensitivity To Market
Viemed Healthcare beta of 0.75 quantifies how much of its total volatility (3.05%) is attributable to market-wide factors versus idiosyncratic drivers. Viemed Healthcare return dispersion over the lookback window shows standard deviation near 3.05% and semi-deviation near 3.61%, providing a baseline for comparison across peer instruments. Volatility is commonly higher for smaller or less liquid equities due to wider spreads and thinner order books. For Viemed Healthcare, measured downside deviation describes the intensity of negative return periods.
3 Months Beta |Viemed Healthcare Demand TrendCurrent 90-day Viemed Healthcare correlation with market (Dow Jones Industrial)Downside Risk
Viemed daily return dispersion, captured by standard deviation, sets the baseline volatility reading for this instrument. High standard deviation indicates a volatile instrument; low standard deviation indicates a more stable one.
Standard Deviation | 3.05 |
The difference between upside risk and downside risk is meaningful for Viemed Healthcare analysis. Semi-deviation and downside deviation isolate negative return dispersion, providing additional context on loss-specific risk relative to total volatility for Viemed Healthcare. Viemed Healthcare posted a Downside Deviation of 3.85, a Downside Variance of 14.86, and a Maximum Drawdown of 13.41 for the reported period.
Stock Volatility Analysis
When measuring the risk of Viemed Healthcare stock, volatility is a critical metric. These fluctuations usually indicate the level of risk associated with Viemed Healthcare's price changes.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of Viemed Healthcare's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.
Projected Return Density Against Market
Over a 90-day investment horizon, Viemed Healthcare has a beta of 0.7504. This entails as returns on the market go up, Viemed Healthcare's average returns tend to increase less than the benchmark. However, during a bear market, the loss from holding Viemed Healthcare tends to be smaller as well.Risk assessment for Viemed Healthcare separates macro-driven volatility from company or sector-specific developments. Market risk cannot be diversified away, though asset-specific exposure can be moderated. Viemed Healthcare posted a Downside Deviation of 3.85, a Mean Deviation of 2.14, and a Semi Deviation of 3.61 for the reported period.
Predicted Return Distribution |
| Density |
What Drives Viemed Healthcare's Price Volatility?
Industry Dynamics
Sector-level catalysts in the Health Care Equipment & Supplies sector often set the baseline volatility regime for Viemed Healthcare.Political and Economic Environment
Interest-rate path changes, geopolitical developments, and macro surprises influence investor risk tolerance.Viemed Healthcare's Company-Specific Factors
Execution updates, margin trends, and corporate actions can shift near-term return dispersion for Viemed Healthcare's.Stock Risk Measures
Over a 90-day investment horizon, the coefficient of variation of Viemed Healthcare is 12530.09. The daily returns are distributed with a variance of 9.29 and standard deviation of 3.05. The mean deviation of Viemed Healthcare is currently at 2.15. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.96
α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 0.75 | |
σ | Overall volatility | 3.05 | |
Ir | Information ratio | 0.04 |
Stock Return Volatility
Viemed Healthcare daily volatility tracks how widely stock returns have moved around the mean across the selected time frame. The firm reflects 3.0482% volatility on return distribution over a 90-day horizon. On the other hand, Dow Jones Industrial reported 0.9279% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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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
Return momentum in Viemed Stock is more useful when tested against peer-relative fundamentals and risk. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QTRX | 3.08 | -0.86 | 0.00 | -0.62 | 0.00 | 6.84 | 19.74 | |||
| SGHT | 3.58 | -0.33 | 0.00 | -0.13 | 0.00 | 6.96 | 35.72 | |||
| SNWV | 2.43 | -0.72 | 0.00 | -0.39 | 0.00 | 4.36 | 24.15 | |||
| CVRX | 4.18 | 0.23 | 0.05 | 0.46 | 4.60 | 9.32 | 23.87 | |||
| OM | 2.98 | 0.19 | 0.04 | 0.09 | 4.65 | 7.74 | 19.63 | |||
| SENS | 3.31 | -0.28 | 0.00 | -0.12 | 0.00 | 7.53 | 34.72 | |||
| INGN | 2.15 | 0.38 | 0.15 | 0.42 | 2.31 | 6.29 | 12.43 | |||
| MASS | 2.74 | 0.45 | 0.13 | 0.23 | 2.85 | 6.44 | 13.90 | |||
| ELMD | 2.00 | -0.17 | 0.00 | -0.19 | 0.00 | 3.57 | 11.61 | |||
| NNOX | 3.44 | -0.27 | 0.00 | -0.21 | 0.00 | 6.54 | 31.58 |
Risk Metrics, Assumptions & Methodology
Beta for Viemed Healthcare measures the share of volatility attributable to broad market movements versus company-specific factors. Beta instability across periods suggests the relationship between market risk and asset volatility is shifting. Viemed Healthcare has a market cap of 373.29 million, P/E of 29.88, ROE of 11.11%.
Viemed Healthcare metrics draw on periodic company reporting and market reference feeds, standardized for cross-period comparison. Professional analyst research is incorporated when coverage is available. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Ellen Johnson, Member of Macroaxis Editorial Board
Volatility Profile Summary
Recent data suggests that Viemed Healthcare is more volatile than Dow Jones Industrial by approximately 3.28x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 27% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.Viemed Healthcare exhibits characteristics that tend to dampen sensitivity to smaller market fluctuations within the current volatility regime. This short-horizon analysis focuses on what the latest move may imply for immediate market context. It gains reliability when combined with broader risk controls and volatility-adjusted analysis. a very speculative upward sentiment. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View Viemed Healthcare probability analysis.
Strong inverse diversification
Viemed Healthcare currently posts a -0.33 correlation with Dow Jones, indicating a Strong inverse diversification relationship for the active sample. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.
Additional Risk Indicators
Looking at additional risk metrics for Viemed Healthcare frames how the position may behave under different market and portfolio conditions. These measures support both standalone risk assessment and portfolio-level analysis.
| Risk Adjusted Performance | 0.0518 | |||
| Market Risk Adjusted Performance | 0.1865 | |||
| Mean Deviation | 2.14 | |||
| Semi Deviation | 3.61 | |||
| Downside Deviation | 3.85 | |||
| Coefficient Of Variation | 2144.09 | |||
| Standard Deviation | 3.05 |
Viemed Healthcare Suggested Diversification Pairs
Pair trading with Viemed Healthcare hedges company-specific exposure by balancing a long view with an offsetting position. Pair trading is less about prediction in isolation and more about identifying relative mispricing between related positions.
Pair strategies reduce risk, but not all risk is diversifiable through pairing. Market-level risk for Viemed Healthcare persists even in a well-constructed pair. The benefit is in offsetting Viemed Healthcare's company-specific risk, which can be meaningfully reduced by selecting a second position that moves independently of Viemed Healthcare.