WOOJUNG BIO (Korea) Volatility
| 215380 Stock | KRW 1,648 72.00 4.19% |
WOOJUNG BIO shows Sharpe Ratio of -0.15, which attests that the company had a -0.15% return per unit of standard deviation over the last 3 months. WOOJUNG BIO exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WOOJUNG BIO's Risk Adjusted Performance of (0.05), standard deviation of 5.3, and Mean Deviation of 3.17 to validate the risk estimate we provide. Key indicators related to WOOJUNG BIO's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
WOOJUNG BIO 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 WOOJUNG daily returns, and it is calculated using variance and standard deviation. We also use WOOJUNG's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of WOOJUNG BIO volatility.
WOOJUNG |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as WOOJUNG BIO 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 WOOJUNG BIO at lower prices to lower their average cost per share. Similarly, when the prices of WOOJUNG BIO's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with WOOJUNG Stock
| 0.79 | 278650 | KNOTUS CoLtd | PairCorr |
| 0.82 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.9 | 225220 | Genolution | PairCorr |
| 0.89 | 254120 | Xavis Co | PairCorr |
| 0.86 | 353190 | Hurum | PairCorr |
| 0.92 | 336570 | Daishin Balance No8 | PairCorr |
Moving against WOOJUNG Stock
| 0.86 | 035420 | Naver | PairCorr |
| 0.86 | 041510 | SM Entertainment | PairCorr |
| 0.73 | 032640 | LG Uplus | PairCorr |
| 0.72 | 078160 | MEDIPOST | PairCorr |
| 0.69 | 011390 | Busan Industrial | PairCorr |
| 0.43 | 059100 | i Components | PairCorr |
WOOJUNG BIO Market Sensitivity And Downside Risk
WOOJUNG BIO's beta coefficient measures the volatility of WOOJUNG 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 WOOJUNG stock's returns against your selected market. In other words, WOOJUNG BIO's beta of 0.19 provides an investor with an approximation of how much risk WOOJUNG BIO stock can potentially add to one of your existing portfolios. WOOJUNG BIO exhibits very low volatility with skewness of 3.02 and kurtosis of 16.13. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure WOOJUNG BIO's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact WOOJUNG BIO's 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 WOOJUNG BIO Demand TrendCheck current 90 days WOOJUNG BIO correlation with market (Dow Jones Industrial)WOOJUNG Beta |
WOOJUNG 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 | 3.54 |
It is essential to understand the difference between upside risk (as represented by WOOJUNG BIO's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of WOOJUNG BIO's daily returns or price. Since the actual investment returns on holding a position in woojung 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 WOOJUNG BIO.
WOOJUNG BIO Stock Volatility Analysis
Volatility refers to the frequency at which WOOJUNG BIO stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with WOOJUNG BIO's price changes. Investors will then calculate the volatility of WOOJUNG BIO'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 WOOJUNG BIO's volatility:
Historical Volatility
This type of stock volatility measures WOOJUNG BIO's fluctuations based on previous trends. It's commonly used to predict WOOJUNG BIO'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 WOOJUNG BIO'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 WOOJUNG BIO'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. WOOJUNG BIO 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.
WOOJUNG BIO Projected Return Density Against Market
Assuming the 90 days trading horizon WOOJUNG BIO has a beta of 0.1861 . This suggests as returns on the market go up, WOOJUNG BIO average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding WOOJUNG BIO 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 WOOJUNG BIO or Healthcare 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 WOOJUNG BIO'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 WOOJUNG 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.
WOOJUNG BIO 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 WOOJUNG BIO 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.WOOJUNG BIO Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of WOOJUNG BIO is -655.72. The daily returns are distributed with a variance of 12.53 and standard deviation of 3.54. The mean deviation of WOOJUNG BIO is currently at 2.53. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.79
α | Alpha over Dow Jones | -0.43 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 3.54 | |
Ir | Information ratio | -0.08 |
WOOJUNG BIO Stock Return Volatility
WOOJUNG BIO historical daily return volatility represents how much of WOOJUNG BIO stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 3.5401% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.8043% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About WOOJUNG BIO Volatility
Volatility is a rate at which the price of WOOJUNG BIO 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 WOOJUNG BIO may increase or decrease. In other words, similar to WOOJUNG's beta indicator, it measures the risk of WOOJUNG BIO and helps estimate the fluctuations that may happen in a short period of time. So if prices of WOOJUNG BIO 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.WOOJUNG BIO, Inc. provides research and laboratory services in Korea. WOOJUNG BIO, Inc. was founded in 1989 and is based in Suwon, South Korea. WOOJUNG BIO is traded on Korean Securities Dealers Automated Quotations in South Korea.
WOOJUNG BIO'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 WOOJUNG Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much WOOJUNG BIO's price varies over time.
3 ways to utilize WOOJUNG BIO's volatility to invest better
Higher WOOJUNG BIO's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of WOOJUNG BIO 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. WOOJUNG BIO 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 WOOJUNG BIO investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in WOOJUNG BIO'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 WOOJUNG BIO's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
WOOJUNG BIO Investment Opportunity
WOOJUNG BIO has a volatility of 3.54 and is 4.43 times more volatile than Dow Jones Industrial. 31 percent of all equities and portfolios are less risky than WOOJUNG BIO. You can use WOOJUNG BIO to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of WOOJUNG BIO to be traded at W1565.6 in 90 days.Significant diversification
The correlation between WOOJUNG BIO and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WOOJUNG BIO and DJI in the same portfolio, assuming nothing else is changed.
WOOJUNG BIO Additional Risk Indicators
The analysis of WOOJUNG BIO'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 WOOJUNG BIO's investment and either accepting that risk or mitigating it. Along with some common measures of WOOJUNG BIO 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 | (0.05) | |||
| Market Risk Adjusted Performance | (2.26) | |||
| Mean Deviation | 3.17 | |||
| Coefficient Of Variation | (1,286) | |||
| Standard Deviation | 5.3 | |||
| Variance | 28.1 | |||
| Information Ratio | (0.08) |
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.
WOOJUNG BIO 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 WOOJUNG BIO 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. WOOJUNG BIO'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, WOOJUNG BIO'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 WOOJUNG BIO.
Complementary Tools for WOOJUNG Stock analysis
When running WOOJUNG BIO's price analysis, check to measure WOOJUNG BIO'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 WOOJUNG BIO is operating at the current time. Most of WOOJUNG BIO's value examination focuses on studying past and present price action to predict the probability of WOOJUNG BIO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WOOJUNG BIO's price. Additionally, you may evaluate how the addition of WOOJUNG BIO to your portfolios can decrease your overall portfolio volatility.
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