Odyssey Semiconductor Technologies Stock Volatility
| ODII Stock | USD 0.07 0.04 225.00% |
Odyssey Semiconductor is out of control given 3 months investment horizon. Odyssey Semiconductor maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 4.96% are justified by taking the suggested risk. Use Odyssey Semiconductor Coefficient Of Variation of 441.87, risk adjusted performance of 0.1886, and Variance of 131.57 to evaluate company specific risk that cannot be diversified away. Key indicators related to Odyssey Semiconductor's volatility include:
720 Days Market Risk | Chance Of Distress | 720 Days Economic Sensitivity |
Odyssey Semiconductor 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 Odyssey daily returns, and it is calculated using variance and standard deviation. We also use Odyssey's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Odyssey Semiconductor volatility.
Odyssey |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Odyssey Semiconductor at lower prices. For example, an investor can purchase Odyssey stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes.
Moving against Odyssey OTC Stock
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Odyssey Semiconductor Market Sensitivity And Downside Risk
Odyssey Semiconductor's beta coefficient measures the volatility of Odyssey 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 Odyssey otc stock's returns against your selected market. In other words, Odyssey Semiconductor's beta of 1.88 provides an investor with an approximation of how much risk Odyssey Semiconductor otc stock can potentially add to one of your existing portfolios. Odyssey Semiconductor Technologies is displaying above-average volatility over the selected time horizon. Odyssey Semiconductor Technologies is a penny stock. Although Odyssey Semiconductor may be in fact a good investment, many penny otc stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Odyssey Semiconductor Technologies. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Odyssey instrument if you perfectly time your entry and exit. However, remember that penny otcs that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Odyssey Semiconductor Demand TrendCheck current 90 days Odyssey Semiconductor correlation with market (Dow Jones Industrial)Odyssey Beta |
Odyssey 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 | 31.08 |
It is essential to understand the difference between upside risk (as represented by Odyssey Semiconductor's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Odyssey Semiconductor's daily returns or price. Since the actual investment returns on holding a position in odyssey 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 Odyssey Semiconductor.
Odyssey Semiconductor OTC Stock Volatility Analysis
Volatility refers to the frequency at which Odyssey Semiconductor otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Odyssey Semiconductor's price changes. Investors will then calculate the volatility of Odyssey Semiconductor's 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 Odyssey Semiconductor's volatility:
Historical Volatility
This type of otc volatility measures Odyssey Semiconductor's fluctuations based on previous trends. It's commonly used to predict Odyssey Semiconductor's 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 Odyssey Semiconductor's 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 Odyssey Semiconductor'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. Odyssey Semiconductor 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.
Odyssey Semiconductor Projected Return Density Against Market
Given the investment horizon of 90 days the otc stock has the beta coefficient of 1.8843 . 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, Odyssey Semiconductor 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 Odyssey Semiconductor or Technology 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 Odyssey Semiconductor's 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 Odyssey 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.
Odyssey Semiconductor Technologies has an alpha of 2.544, implying that it can generate a 2.54 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Odyssey Semiconductor 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.Odyssey Semiconductor OTC Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Odyssey Semiconductor is 627.15. The daily returns are distributed with a variance of 966.05 and standard deviation of 31.08. The mean deviation of Odyssey Semiconductor Technologies is currently at 10.95. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.79
α | Alpha over Dow Jones | 2.54 | |
β | Beta against Dow Jones | 1.88 | |
σ | Overall volatility | 31.08 | |
Ir | Information ratio | 0.22 |
Odyssey Semiconductor OTC Stock Return Volatility
Odyssey Semiconductor historical daily return volatility represents how much of Odyssey Semiconductor otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 31.0814% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.8045% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Odyssey Semiconductor Volatility
Volatility is a rate at which the price of Odyssey Semiconductor 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 Odyssey Semiconductor may increase or decrease. In other words, similar to Odyssey's beta indicator, it measures the risk of Odyssey Semiconductor and helps estimate the fluctuations that may happen in a short period of time. So if prices of Odyssey Semiconductor 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.Odyssey Semiconductor Technologies, Inc., a semiconductor device company, develops and sells high-voltage power switching components and systems based on proprietary gallium nitride processing technology. The company was incorporated in 2019 and is based in Ithaca, New York. Odyssey Semiconductor operates under Semiconductors classification in the United States and is traded on OTC Exchange. It employs 11 people.
Odyssey Semiconductor'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 Odyssey OTC Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Odyssey Semiconductor's price varies over time.
3 ways to utilize Odyssey Semiconductor's volatility to invest better
Higher Odyssey Semiconductor's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Odyssey Semiconductor 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. Odyssey Semiconductor 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 Odyssey Semiconductor investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Odyssey Semiconductor'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 Odyssey Semiconductor's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Odyssey Semiconductor Investment Opportunity
Odyssey Semiconductor Technologies has a volatility of 31.08 and is 38.85 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than Odyssey Semiconductor. You can use Odyssey Semiconductor Technologies to enhance the returns of your portfolios. The otc stock experiences a very speculative upward sentiment. The trend is possibly hyped up. Check odds of Odyssey Semiconductor to be traded at $0.0813 in 90 days.Average diversification
The correlation between Odyssey Semiconductor Technolo and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Odyssey Semiconductor Technolo and DJI in the same portfolio, assuming nothing else is changed.
Odyssey Semiconductor Additional Risk Indicators
The analysis of Odyssey Semiconductor'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 Odyssey Semiconductor's investment and either accepting that risk or mitigating it. Along with some common measures of Odyssey Semiconductor 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 | 0.1886 | |||
| Market Risk Adjusted Performance | 1.38 | |||
| Mean Deviation | 4.77 | |||
| Coefficient Of Variation | 441.87 | |||
| Standard Deviation | 11.47 | |||
| Variance | 131.57 | |||
| Information Ratio | 0.2235 |
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.
Odyssey Semiconductor 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 Odyssey Semiconductor 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. Odyssey Semiconductor'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, Odyssey Semiconductor'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 Odyssey Semiconductor Technologies.
Complementary Tools for Odyssey OTC Stock analysis
When running Odyssey Semiconductor's price analysis, check to measure Odyssey Semiconductor'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 Odyssey Semiconductor is operating at the current time. Most of Odyssey Semiconductor's value examination focuses on studying past and present price action to predict the probability of Odyssey Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssey Semiconductor's price. Additionally, you may evaluate how the addition of Odyssey Semiconductor to your portfolios can decrease your overall portfolio volatility.
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