Wayne Savings Bancshares Volatility
| WAYNDelisted Stock | USD 28.41 0.00 0.00% |
We have found twenty-four technical indicators for Wayne Savings Bancshares, which you can use to evaluate the volatility of the company. Please check out Wayne Savings' Market Risk Adjusted Performance of 1.44, downside deviation of 1.79, and Mean Deviation of 0.7852 to validate if the risk estimate we provide is consistent with the expected return of 0.0%. Key indicators related to Wayne Savings' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Wayne Savings OTC 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 Wayne daily returns, and it is calculated using variance and standard deviation. We also use Wayne's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Wayne Savings volatility.
Wayne |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Wayne Savings 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 Wayne Savings at lower prices. For example, an investor can purchase Wayne 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 Wayne Savings' 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 against Wayne OTC Stock
| 0.72 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.71 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.56 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.53 | SGD | Safe and Green | PairCorr |
| 0.32 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.31 | PG | Procter Gamble | PairCorr |
| 0.31 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Wayne Savings Market Sensitivity And Downside Risk
Wayne Savings' beta coefficient measures the volatility of Wayne otc 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 Wayne otc stock's returns against your selected market. In other words, Wayne Savings's beta of 0.13 provides an investor with an approximation of how much risk Wayne Savings otc stock can potentially add to one of your existing portfolios. Wayne Savings Bancshares has relatively low volatility with skewness of -0.54 and kurtosis of 4.48. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Wayne Savings' otc stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Wayne Savings' otc stock 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 Wayne Savings Bancshares Demand TrendCheck current 90 days Wayne Savings correlation with market (Dow Jones Industrial)Wayne Beta |
Wayne 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 | 0.0 |
It is essential to understand the difference between upside risk (as represented by Wayne Savings's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Wayne Savings' daily returns or price. Since the actual investment returns on holding a position in wayne otc 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 Wayne Savings.
Wayne Savings Bancshares OTC Stock Volatility Analysis
Volatility refers to the frequency at which Wayne Savings otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Wayne Savings' price changes. Investors will then calculate the volatility of Wayne Savings' otc stock to predict their future moves. A otc that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A otc stock with relatively stable price changes has low volatility. A highly volatile otc 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 Wayne Savings' volatility:
Historical Volatility
This type of otc volatility measures Wayne Savings' fluctuations based on previous trends. It's commonly used to predict Wayne Savings' future behavior based on its past. However, it cannot conclusively determine the future direction of the otc stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Wayne Savings' current market price. This means that the otc will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Wayne Savings' to be redeemed at a future date.Transformation |
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Wayne Savings Projected Return Density Against Market
Given the investment horizon of 90 days Wayne Savings has a beta of 0.129 . This entails as returns on the market go up, Wayne Savings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Wayne Savings Bancshares 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 Wayne Savings or Thrifts & Mortgage Finance 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 Wayne Savings' price will be affected by overall otc 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 Wayne otc'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.
Wayne Savings Bancshares has an alpha of 0.1696, implying that it can generate a 0.17 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Wayne Savings Price Volatility?
Several factors can influence a otc'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.Wayne Savings OTC Stock Return Volatility
Wayne Savings historical daily return volatility represents how much of Wayne Savings otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 0.0% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7736% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Wayne Savings Volatility
Volatility is a rate at which the price of Wayne Savings 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 Wayne Savings may increase or decrease. In other words, similar to Wayne's beta indicator, it measures the risk of Wayne Savings and helps estimate the fluctuations that may happen in a short period of time. So if prices of Wayne Savings 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.Wayne Savings Bancshares, Inc. operates as the holding company for Wayne Savings Community Bank that provides personal and business banking products and services to individuals, businesses, and other organizations. Wayne Savings Bancshares, Inc. was founded in 1899 and is based in Wooster, Ohio. Wayne Savings operates under BanksRegional classification in the United States and is traded on OTC Exchange.
Wayne Savings' 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 Wayne OTC Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Wayne Savings' price varies over time.
3 ways to utilize Wayne Savings' volatility to invest better
Higher Wayne Savings' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Wayne Savings Bancshares 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. Wayne Savings Bancshares 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 Wayne Savings Bancshares investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Wayne Savings' 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 Wayne Savings' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Wayne Savings Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.77 and is 9.223372036854776E16 times more volatile than Wayne Savings Bancshares. 0 percent of all equities and portfolios are less risky than Wayne Savings. You can use Wayne Savings Bancshares to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Wayne Savings to be traded at $28.13 in 90 days.Significant diversification
The correlation between Wayne Savings Bancshares and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wayne Savings Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Wayne Savings Additional Risk Indicators
The analysis of Wayne Savings' 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 Wayne Savings' investment and either accepting that risk or mitigating it. Along with some common measures of Wayne Savings otc 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 | 0.123 | |||
| Market Risk Adjusted Performance | 1.44 | |||
| Mean Deviation | 0.7852 | |||
| Semi Deviation | 0.9059 | |||
| Downside Deviation | 1.79 | |||
| Coefficient Of Variation | 641.87 | |||
| Standard Deviation | 1.25 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential otc stocks, we recommend comparing similar otcs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Wayne Savings 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 Wayne Savings 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. Wayne Savings' 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, Wayne Savings' 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 Wayne Savings Bancshares.
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in Wayne OTC Stock
If you are still planning to invest in Wayne Savings Bancshares check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Wayne Savings' history and understand the potential risks before investing.
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