KENEDIX OFFICE (Germany) Volatility
| K9R Stock | EUR 895.00 15.00 1.65% |
At this point, KENEDIX OFFICE is very steady. KENEDIX OFFICE INV has Sharpe Ratio of 0.034, which conveys that the firm had a 0.034 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for KENEDIX OFFICE, which you can use to evaluate the volatility of the firm. Please verify KENEDIX OFFICE's risk adjusted performance of 0.0255, and Mean Deviation of 1.13 to check out if the risk estimate we provide is consistent with the expected return of 0.0636%.
KENEDIX |
KENEDIX OFFICE 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 KENEDIX daily returns, and it is calculated using variance and standard deviation. We also use KENEDIX's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of KENEDIX OFFICE volatility.
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as KENEDIX OFFICE 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 KENEDIX OFFICE at lower prices to lower their average cost per share. Similarly, when the prices of KENEDIX OFFICE's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving against KENEDIX Stock
KENEDIX OFFICE Market Sensitivity And Downside Risk
KENEDIX OFFICE's beta coefficient measures the volatility of KENEDIX 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 KENEDIX stock's returns against your selected market. In other words, KENEDIX OFFICE's beta of 0.2 provides an investor with an approximation of how much risk KENEDIX OFFICE stock can potentially add to one of your existing portfolios. KENEDIX OFFICE INV currently demonstrates below-average downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of 0.05. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure KENEDIX OFFICE'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 KENEDIX OFFICE'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 KENEDIX OFFICE INV Demand TrendCheck current 90 days KENEDIX OFFICE correlation with market (Dow Jones Industrial)KENEDIX Beta |
KENEDIX 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 | 1.87 |
It is essential to understand the difference between upside risk (as represented by KENEDIX OFFICE's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of KENEDIX OFFICE's daily returns or price. Since the actual investment returns on holding a position in kenedix 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 KENEDIX OFFICE.
KENEDIX OFFICE INV Stock Volatility Analysis
Volatility refers to the frequency at which KENEDIX OFFICE stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with KENEDIX OFFICE's price changes. Investors will then calculate the volatility of KENEDIX OFFICE'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 KENEDIX OFFICE's volatility:
Historical Volatility
This type of stock volatility measures KENEDIX OFFICE's fluctuations based on previous trends. It's commonly used to predict KENEDIX OFFICE'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 KENEDIX OFFICE'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 KENEDIX OFFICE'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. KENEDIX OFFICE INV 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.
KENEDIX OFFICE Projected Return Density Against Market
Assuming the 90 days horizon KENEDIX OFFICE has a beta of 0.2 . This indicates as returns on the market go up, KENEDIX OFFICE average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding KENEDIX OFFICE INV 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 KENEDIX OFFICE or Office Supplies 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 KENEDIX OFFICE'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 KENEDIX 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.
KENEDIX OFFICE INV has an alpha of 0.0455, implying that it can generate a 0.0455 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a KENEDIX OFFICE 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.KENEDIX OFFICE Stock Risk Measures
Assuming the 90 days horizon the coefficient of variation of KENEDIX OFFICE is 2938.7. The daily returns are distributed with a variance of 3.49 and standard deviation of 1.87. The mean deviation of KENEDIX OFFICE INV is currently at 1.15. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.89
α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.20 | |
σ | Overall volatility | 1.87 | |
Ir | Information ratio | 0.05 |
KENEDIX OFFICE Stock Return Volatility
KENEDIX OFFICE historical daily return volatility represents how much of KENEDIX OFFICE stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 1.8692% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.8377% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About KENEDIX OFFICE Volatility
Volatility is a rate at which the price of KENEDIX OFFICE 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 KENEDIX OFFICE may increase or decrease. In other words, similar to KENEDIX's beta indicator, it measures the risk of KENEDIX OFFICE and helps estimate the fluctuations that may happen in a short period of time. So if prices of KENEDIX OFFICE 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.3 ways to utilize KENEDIX OFFICE's volatility to invest better
Higher KENEDIX OFFICE's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of KENEDIX OFFICE INV 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. KENEDIX OFFICE INV 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 KENEDIX OFFICE INV investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in KENEDIX OFFICE'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 KENEDIX OFFICE's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
KENEDIX OFFICE Investment Opportunity
KENEDIX OFFICE INV has a volatility of 1.87 and is 2.23 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of KENEDIX OFFICE INV is lower than 16 percent of all global equities and portfolios over the last 90 days. You can use KENEDIX OFFICE INV to protect your portfolios against small market fluctuations. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of KENEDIX OFFICE to be traded at €868.15 in 90 days.Average diversification
The correlation between KENEDIX OFFICE INV and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KENEDIX OFFICE INV and DJI in the same portfolio, assuming nothing else is changed.
KENEDIX OFFICE Additional Risk Indicators
The analysis of KENEDIX OFFICE'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 KENEDIX OFFICE's investment and either accepting that risk or mitigating it. Along with some common measures of KENEDIX OFFICE 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 | 0.0255 | |||
| Market Risk Adjusted Performance | 0.1704 | |||
| Mean Deviation | 1.13 | |||
| Semi Deviation | 1.51 | |||
| Downside Deviation | 2.11 | |||
| Coefficient Of Variation | 4349.68 | |||
| Standard Deviation | 1.83 |
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.
KENEDIX OFFICE 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 KENEDIX OFFICE 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. KENEDIX OFFICE'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, KENEDIX OFFICE'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 KENEDIX OFFICE INV.
Complementary Tools for KENEDIX Stock analysis
When running KENEDIX OFFICE's price analysis, check to measure KENEDIX OFFICE'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 KENEDIX OFFICE is operating at the current time. Most of KENEDIX OFFICE's value examination focuses on studying past and present price action to predict the probability of KENEDIX OFFICE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KENEDIX OFFICE's price. Additionally, you may evaluate how the addition of KENEDIX OFFICE to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |