Fun Yours (Taiwan) Volatility
| 6482 Stock | TWD 56.50 1.20 2.17% |
Fun Yours appears to be very steady, given 3 months investment horizon. Fun Yours Technology secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fun Yours Technology, which you can use to evaluate the volatility of the firm. Please utilize Fun Yours' Mean Deviation of 1.58, coefficient of variation of 1184.55, and Downside Deviation of 2.35 to check if our risk estimates are consistent with your expectations. Key indicators related to Fun Yours' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Fun Yours 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 Fun daily returns, and it is calculated using variance and standard deviation. We also use Fun's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Fun Yours volatility.
Fun |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Fun Yours 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 Fun Yours at lower prices. For example, an investor can purchase Fun 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 Fun Yours' 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 Fun Stock
Moving against Fun Stock
Fun Yours Market Sensitivity And Downside Risk
Fun Yours' beta coefficient measures the volatility of Fun 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 Fun stock's returns against your selected market. In other words, Fun Yours's beta of -0.37 provides an investor with an approximation of how much risk Fun Yours stock can potentially add to one of your existing portfolios. Fun Yours Technology currently demonstrates below-average downside deviation. It has Information Ratio of 0.12 and Jensen Alpha of 0.16. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fun Yours' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fun Yours' 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 Fun Yours Technology Demand TrendCheck current 90 days Fun Yours correlation with market (Dow Jones Industrial)Fun Beta |
Fun 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 | 2.66 |
It is essential to understand the difference between upside risk (as represented by Fun Yours's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Fun Yours' daily returns or price. Since the actual investment returns on holding a position in fun 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 Fun Yours.
Fun Yours Technology Stock Volatility Analysis
Volatility refers to the frequency at which Fun Yours stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Fun Yours' price changes. Investors will then calculate the volatility of Fun Yours' 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 Fun Yours' volatility:
Historical Volatility
This type of stock volatility measures Fun Yours' fluctuations based on previous trends. It's commonly used to predict Fun Yours' 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 Fun Yours' 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 Fun Yours' 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. Fun Yours Technology 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.
Fun Yours Projected Return Density Against Market
Assuming the 90 days trading horizon Fun Yours Technology has a beta of -0.3721 . This suggests as returns on the benchmark increase, returns on holding Fun Yours are expected to decrease at a much lower rate. During a bear market, however, Fun Yours Technology 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 Fun Yours or Entertainment 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 Fun Yours' 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 Fun 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.
Fun Yours Technology has an alpha of 0.1628, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Fun Yours 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.Fun Yours Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Fun Yours is 958.96. The daily returns are distributed with a variance of 7.07 and standard deviation of 2.66. The mean deviation of Fun Yours Technology is currently at 1.65. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.87
α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 2.66 | |
Ir | Information ratio | 0.12 |
Fun Yours Stock Return Volatility
Fun Yours historical daily return volatility represents how much of Fun Yours stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The venture accepts 2.6596% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.8959% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Fun Yours Volatility
Volatility is a rate at which the price of Fun Yours 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 Fun Yours may increase or decrease. In other words, similar to Fun's beta indicator, it measures the risk of Fun Yours and helps estimate the fluctuations that may happen in a short period of time. So if prices of Fun Yours 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.It provides role-playing, real-time strategy, action, and puzzle games. The company was founded in 1993 and is based in Taichung, Taiwan. FUN YOURS operates under Electronic Gaming Multimedia classification in Taiwan and is traded on Taiwan OTC Exchange.
Fun Yours' 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 Fun Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Fun Yours' price varies over time.
3 ways to utilize Fun Yours' volatility to invest better
Higher Fun Yours' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Fun Yours Technology 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. Fun Yours Technology 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 Fun Yours Technology investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Fun Yours' 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 Fun Yours' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Fun Yours Investment Opportunity
Fun Yours Technology has a volatility of 2.66 and is 2.96 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Fun Yours Technology is lower than 23 percent of all global equities and portfolios over the last 90 days. You can use Fun Yours Technology to enhance the returns of your portfolios. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of Fun Yours to be traded at NT$67.8 in 90 days.Good diversification
The correlation between Fun Yours Technology and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fun Yours Technology and DJI in the same portfolio, assuming nothing else is changed.
Fun Yours Additional Risk Indicators
The analysis of Fun Yours' 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 Fun Yours' investment and either accepting that risk or mitigating it. Along with some common measures of Fun Yours 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 | 0.0801 | |||
| Market Risk Adjusted Performance | (0.54) | |||
| Mean Deviation | 1.58 | |||
| Semi Deviation | 1.9 | |||
| Downside Deviation | 2.35 | |||
| Coefficient Of Variation | 1184.55 | |||
| Standard Deviation | 2.53 |
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.
Fun Yours 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 Fun Yours 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. Fun Yours' 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, Fun Yours' 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 Fun Yours Technology.
Additional Tools for Fun Stock Analysis
When running Fun Yours' price analysis, check to measure Fun Yours' 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 Fun Yours is operating at the current time. Most of Fun Yours' value examination focuses on studying past and present price action to predict the probability of Fun Yours' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fun Yours' price. Additionally, you may evaluate how the addition of Fun Yours to your portfolios can decrease your overall portfolio volatility.