Inix Technologies (Malaysia) Volatility
| 0094 Stock | 0.01 0.01 50.00% |
Inix Technologies is out of control given 3 months investment horizon. Inix Technologies holds Efficiency (Sharpe) Ratio of 0.0756, which attests that the entity had a 0.0756% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.34% are justified by taking the suggested risk. Use Inix Technologies Holdings Market Risk Adjusted Performance of (4.99), downside deviation of 47.56, and Risk Adjusted Performance of 0.0638 to evaluate company specific risk that cannot be diversified away. Key indicators related to Inix Technologies' volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Inix Technologies 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 Inix daily returns, and it is calculated using variance and standard deviation. We also use Inix's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Inix Technologies volatility.
Inix |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Inix Technologies at lower prices. For example, an investor can purchase Inix 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 Inix Stock
| 0.53 | 5225 | IHH Healthcare Bhd | PairCorr |
| 0.47 | 1066 | RHB Bank Bhd | PairCorr |
| 0.47 | 5285 | Sime Darby Plantation | PairCorr |
| 0.42 | 5168 | Hartalega Holdings Bhd | PairCorr |
| 0.34 | 5028 | HeiTech Padu Bhd | PairCorr |
Inix Technologies Market Sensitivity And Downside Risk
Inix Technologies' beta coefficient measures the volatility of Inix 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 Inix stock's returns against your selected market. In other words, Inix Technologies's beta of -0.45 provides an investor with an approximation of how much risk Inix Technologies stock can potentially add to one of your existing portfolios. Inix Technologies Holdings is showing large volatility of returns over the selected time horizon. Inix Technologies Holdings is a penny stock. Even though Inix Technologies may be a good instrument to invest, many penny stocks are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in Inix Technologies Holdings or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Inix instrument if you perfectly time your entry and exit. However, remember that penny stocks 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 Inix Technologies Demand TrendCheck current 90 days Inix Technologies correlation with market (Dow Jones Industrial)Inix Beta |
Inix 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 | 30.98 |
It is essential to understand the difference between upside risk (as represented by Inix Technologies's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Inix Technologies' daily returns or price. Since the actual investment returns on holding a position in inix 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 Inix Technologies.
Inix Technologies Stock Volatility Analysis
Volatility refers to the frequency at which Inix Technologies stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Inix Technologies' price changes. Investors will then calculate the volatility of Inix Technologies' 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 Inix Technologies' volatility:
Historical Volatility
This type of stock volatility measures Inix Technologies' fluctuations based on previous trends. It's commonly used to predict Inix Technologies' 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 Inix Technologies' 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 Inix Technologies' 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. Inix Technologies 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.
Inix Technologies Projected Return Density Against Market
Assuming the 90 days trading horizon Inix Technologies Holdings has a beta of -0.4523 . This suggests as returns on the benchmark increase, returns on holding Inix Technologies are expected to decrease at a much lower rate. During a bear market, however, Inix Technologies Holdings 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 Inix Technologies or Software & IT Services 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 Inix Technologies' 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 Inix 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.
Inix Technologies Holdings has an alpha of 2.3035, implying that it can generate a 2.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Inix Technologies 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.Inix Technologies Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Inix Technologies is 1322.0. The daily returns are distributed with a variance of 960.03 and standard deviation of 30.98. The mean deviation of Inix Technologies Holdings is currently at 15.19. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.73
α | Alpha over Dow Jones | 2.30 | |
β | Beta against Dow Jones | -0.45 | |
σ | Overall volatility | 30.98 | |
Ir | Information ratio | 0.07 |
Inix Technologies Stock Return Volatility
Inix Technologies historical daily return volatility represents how much of Inix Technologies stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 30.9843% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7242% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Inix Technologies Volatility
Volatility is a rate at which the price of Inix Technologies 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 Inix Technologies may increase or decrease. In other words, similar to Inix's beta indicator, it measures the risk of Inix Technologies and helps estimate the fluctuations that may happen in a short period of time. So if prices of Inix Technologies 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 Inix Technologies' volatility to invest better
Higher Inix Technologies' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Inix Technologies 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. Inix Technologies 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 Inix Technologies investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Inix Technologies' 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 Inix Technologies' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Inix Technologies Investment Opportunity
Inix Technologies Holdings has a volatility of 30.98 and is 43.03 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Inix Technologies Holdings is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Inix Technologies Holdings to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Inix Technologies to be traded at 0.0048 in 90 days.Good diversification
The correlation between Inix Technologies Holdings and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inix Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.
Inix Technologies Additional Risk Indicators
The analysis of Inix Technologies' 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 Inix Technologies' investment and either accepting that risk or mitigating it. Along with some common measures of Inix Technologies 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 | 0.0638 | |||
| Market Risk Adjusted Performance | (4.99) | |||
| Mean Deviation | 14.74 | |||
| Semi Deviation | 16.31 | |||
| Downside Deviation | 47.56 | |||
| Coefficient Of Variation | 1342.29 | |||
| Standard Deviation | 30.51 |
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.
Inix Technologies 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 Inix Technologies 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. Inix Technologies' 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, Inix Technologies' 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 Inix Technologies Holdings.
Other Information on Investing in Inix Stock
Inix Technologies financial ratios help investors to determine whether Inix Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Inix with respect to the benefits of owning Inix Technologies security.