Repositrak Stock Volatility
| TRAK Stock | 22.57 0.55 2.50% |
ReposiTrak appears to be very steady, given 3 months investment horizon. ReposiTrak maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ReposiTrak, which you can use to evaluate the volatility of the company. Please evaluate ReposiTrak's Semi Deviation of 2.09, risk adjusted performance of 0.1258, and Coefficient Of Variation of 680.66 to confirm if our risk estimates are consistent with your expectations. Key indicators related to ReposiTrak's volatility include:
60 Days Market Risk | Chance Of Distress | 60 Days Economic Sensitivity |
ReposiTrak 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 ReposiTrak daily returns, and it is calculated using variance and standard deviation. We also use ReposiTrak's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of ReposiTrak volatility.
ReposiTrak |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of ReposiTrak at lower prices. For example, an investor can purchase ReposiTrak 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 together with ReposiTrak Stock
| 0.74 | DJCO | Daily Journal Corp | PairCorr |
| 0.8 | AI | C3 Ai Inc | PairCorr |
| 0.62 | AZ | A2Z Smart Technologies | PairCorr |
| 0.74 | BL | Blackline | PairCorr |
| 0.77 | DV | DoubleVerify Holdings | PairCorr |
| 0.68 | EB | Eventbrite Class A | PairCorr |
| 0.78 | ML | MoneyLion | PairCorr |
Moving against ReposiTrak Stock
| 0.58 | VTEX | VTEX | PairCorr |
| 0.55 | ILLRW | Triller Group Symbol Change | PairCorr |
| 0.54 | VERB | VERB TECHNOLOGY PANY Tech Boost | PairCorr |
| 0.33 | QH | Quhuo | PairCorr |
ReposiTrak Market Sensitivity And Downside Risk
ReposiTrak's beta coefficient measures the volatility of ReposiTrak 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 ReposiTrak stock's returns against your selected market. In other words, ReposiTrak's beta of 0.24 provides an investor with an approximation of how much risk ReposiTrak stock can potentially add to one of your existing portfolios. ReposiTrak currently demonstrates below-average downside deviation. It has Information Ratio of 0.14 and Jensen Alpha of 0.34. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ReposiTrak'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 ReposiTrak'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 ReposiTrak Demand TrendCheck current 90 days ReposiTrak correlation with market (Dow Jones Industrial)ReposiTrak Beta |
ReposiTrak 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 | 2.4 |
It is essential to understand the difference between upside risk (as represented by ReposiTrak's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of ReposiTrak's daily returns or price. Since the actual investment returns on holding a position in repositrak 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 ReposiTrak.
ReposiTrak Stock Volatility Analysis
Volatility refers to the frequency at which ReposiTrak stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with ReposiTrak's price changes. Investors will then calculate the volatility of ReposiTrak'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 ReposiTrak's volatility:
Historical Volatility
This type of stock volatility measures ReposiTrak's fluctuations based on previous trends. It's commonly used to predict ReposiTrak'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 ReposiTrak'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 ReposiTrak'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. ReposiTrak 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.
ReposiTrak Projected Return Density Against Market
Given the investment horizon of 90 days ReposiTrak has a beta of 0.2394 . This usually implies as returns on the market go up, ReposiTrak average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ReposiTrak 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 ReposiTrak or Software 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 ReposiTrak'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 ReposiTrak 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.
ReposiTrak has an alpha of 0.3393, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a ReposiTrak 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.ReposiTrak Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of ReposiTrak is 680.66. The daily returns are distributed with a variance of 5.75 and standard deviation of 2.4. The mean deviation of ReposiTrak is currently at 1.76. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.81
α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 2.40 | |
Ir | Information ratio | 0.14 |
ReposiTrak Stock Return Volatility
ReposiTrak historical daily return volatility represents how much of ReposiTrak stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 2.398% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.8133% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About ReposiTrak Volatility
Volatility is a rate at which the price of ReposiTrak 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 ReposiTrak may increase or decrease. In other words, similar to ReposiTrak's beta indicator, it measures the risk of ReposiTrak and helps estimate the fluctuations that may happen in a short period of time. So if prices of ReposiTrak 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 ReposiTrak's volatility to invest better
Higher ReposiTrak's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of ReposiTrak 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. ReposiTrak 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 ReposiTrak investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in ReposiTrak'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 ReposiTrak's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
ReposiTrak Investment Opportunity
ReposiTrak has a volatility of 2.4 and is 2.96 times more volatile than Dow Jones Industrial. 21 percent of all equities and portfolios are less risky than ReposiTrak. You can use ReposiTrak to enhance the returns of your portfolios. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of ReposiTrak to be traded at 27.08 in 90 days.Significant diversification
The correlation between ReposiTrak and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ReposiTrak and DJI in the same portfolio, assuming nothing else is changed.
ReposiTrak Additional Risk Indicators
The analysis of ReposiTrak'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 ReposiTrak's investment and either accepting that risk or mitigating it. Along with some common measures of ReposiTrak 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 | 0.1258 | |||
| Market Risk Adjusted Performance | 1.44 | |||
| Mean Deviation | 1.76 | |||
| Semi Deviation | 2.09 | |||
| Downside Deviation | 2.46 | |||
| Coefficient Of Variation | 680.66 | |||
| Standard Deviation | 2.4 |
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.
ReposiTrak 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 ReposiTrak 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. ReposiTrak'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, ReposiTrak'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 ReposiTrak.
When determining whether ReposiTrak is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ReposiTrak Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Repositrak Stock. Highlighted below are key reports to facilitate an investment decision about Repositrak Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ReposiTrak. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For more information on how to buy ReposiTrak Stock please use our How to buy in ReposiTrak Stock guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ReposiTrak. If investors know ReposiTrak will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ReposiTrak listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ReposiTrak is measured differently than its book value, which is the value of ReposiTrak that is recorded on the company's balance sheet. Investors also form their own opinion of ReposiTrak's value that differs from its market value or its book value, called intrinsic value, which is ReposiTrak's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ReposiTrak's market value can be influenced by many factors that don't directly affect ReposiTrak's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ReposiTrak's value and its price as these two are different measures arrived at by different means. Investors typically determine if ReposiTrak is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ReposiTrak's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.