Lucid Diagnostics Stock Volatility
| LUCD Stock | USD 1.56 0.06 4.00% |
Lucid Diagnostics is dangerous given 3 months investment horizon. Lucid Diagnostics has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23 % return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use Lucid Diagnostics Risk Adjusted Performance of 0.2119, mean deviation of 3.5, and Downside Deviation of 5.04 to evaluate company specific risk that cannot be diversified away. Key indicators related to Lucid Diagnostics' volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Lucid Diagnostics 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 Lucid daily returns, and it is calculated using variance and standard deviation. We also use Lucid's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Lucid Diagnostics volatility.
Lucid |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Lucid Diagnostics 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 Lucid Diagnostics at lower prices to lower their average cost per share. Similarly, when the prices of Lucid Diagnostics' stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Lucid Stock
Moving against Lucid Stock
| 0.78 | EYEN | Eyenovia | PairCorr |
| 0.62 | AA | Alcoa Corp | PairCorr |
| 0.55 | CAT | Caterpillar | PairCorr |
| 0.51 | INBX | Inhibrx Symbol Change | PairCorr |
| 0.41 | AXP | American Express | PairCorr |
| 0.34 | HPQ | HP Inc | PairCorr |
Lucid Diagnostics Market Sensitivity And Downside Risk
Lucid Diagnostics' beta coefficient measures the volatility of Lucid 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 Lucid stock's returns against your selected market. In other words, Lucid Diagnostics's beta of 1.49 provides an investor with an approximation of how much risk Lucid Diagnostics stock can potentially add to one of your existing portfolios. Lucid Diagnostics shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Lucid Diagnostics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Lucid Diagnostics' 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 Lucid Diagnostics Demand TrendCheck current 90 days Lucid Diagnostics correlation with market (Dow Jones Industrial)Lucid Beta |
Lucid 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 | 5.24 |
It is essential to understand the difference between upside risk (as represented by Lucid Diagnostics's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Lucid Diagnostics' daily returns or price. Since the actual investment returns on holding a position in lucid 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 Lucid Diagnostics.
Lucid Diagnostics Stock Volatility Analysis
Volatility refers to the frequency at which Lucid Diagnostics stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Lucid Diagnostics' price changes. Investors will then calculate the volatility of Lucid Diagnostics' 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 Lucid Diagnostics' volatility:
Historical Volatility
This type of stock volatility measures Lucid Diagnostics' fluctuations based on previous trends. It's commonly used to predict Lucid Diagnostics' 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 Lucid Diagnostics' 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 Lucid Diagnostics' 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. Lucid Diagnostics 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.
Lucid Diagnostics Projected Return Density Against Market
Given the investment horizon of 90 days the stock has the beta coefficient of 1.4915 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Lucid Diagnostics will likely underperform.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 Lucid Diagnostics or Health Care Equipment & 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 Lucid Diagnostics' 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 Lucid 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.
Lucid Diagnostics has an alpha of 1.2594, implying that it can generate a 1.26 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Lucid Diagnostics 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.Lucid Diagnostics Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Lucid Diagnostics is 427.06. The daily returns are distributed with a variance of 27.49 and standard deviation of 5.24. The mean deviation of Lucid Diagnostics is currently at 3.67. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.89
α | Alpha over Dow Jones | 1.26 | |
β | Beta against Dow Jones | 1.49 | |
σ | Overall volatility | 5.24 | |
Ir | Information ratio | 0.24 |
Lucid Diagnostics Stock Return Volatility
Lucid Diagnostics historical daily return volatility represents how much of Lucid Diagnostics stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 5.2435% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.8449% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Lucid Diagnostics Volatility
Volatility is a rate at which the price of Lucid Diagnostics 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 Lucid Diagnostics may increase or decrease. In other words, similar to Lucid's beta indicator, it measures the risk of Lucid Diagnostics and helps estimate the fluctuations that may happen in a short period of time. So if prices of Lucid Diagnostics 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.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 18.9 M | 10.8 M | |
| Market Cap | 67.7 M | 64.3 M |
Lucid Diagnostics' 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 Lucid Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Lucid Diagnostics' price varies over time.
3 ways to utilize Lucid Diagnostics' volatility to invest better
Higher Lucid Diagnostics' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Lucid Diagnostics 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. Lucid Diagnostics 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 Lucid Diagnostics investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Lucid Diagnostics' 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 Lucid Diagnostics' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Lucid Diagnostics Investment Opportunity
Lucid Diagnostics has a volatility of 5.24 and is 6.24 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Lucid Diagnostics is lower than 46 percent of all global equities and portfolios over the last 90 days. You can use Lucid Diagnostics to enhance the returns of your portfolios. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of Lucid Diagnostics to be traded at $1.872 in 90 days.Modest diversification
The correlation between Lucid Diagnostics and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lucid Diagnostics and DJI in the same portfolio, assuming nothing else is changed.
Lucid Diagnostics Additional Risk Indicators
The analysis of Lucid Diagnostics' 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 Lucid Diagnostics' investment and either accepting that risk or mitigating it. Along with some common measures of Lucid Diagnostics 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 | 0.2119 | |||
| Market Risk Adjusted Performance | 0.7795 | |||
| Mean Deviation | 3.5 | |||
| Semi Deviation | 3.97 | |||
| Downside Deviation | 5.04 | |||
| Coefficient Of Variation | 435.61 | |||
| Standard Deviation | 5.04 |
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.
Lucid Diagnostics 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 Lucid Diagnostics 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. Lucid Diagnostics' 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, Lucid Diagnostics' 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 Lucid Diagnostics.
Complementary Tools for Lucid Stock analysis
When running Lucid Diagnostics' price analysis, check to measure Lucid Diagnostics' 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 Lucid Diagnostics is operating at the current time. Most of Lucid Diagnostics' value examination focuses on studying past and present price action to predict the probability of Lucid Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucid Diagnostics' price. Additionally, you may evaluate how the addition of Lucid Diagnostics to your portfolios can decrease your overall portfolio volatility.
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |