YX Precious (Malaysia) Volatility
| 0250 Stock | 0.24 0.01 4.00% |
YX Precious Metals retains Efficiency (Sharpe Ratio) of -0.0457, which attests that the company had a -0.0457% return per unit of price deviation over the last 3 months. YX Precious exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YX Precious' market risk adjusted performance of (0.18), and Information Ratio of (0.12) to validate the risk estimate we provide.
0250 |
YX Precious 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 0250 daily returns, and it is calculated using variance and standard deviation. We also use 0250's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of YX Precious volatility.
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of YX Precious at lower prices. For example, an investor can purchase 0250 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 0250 Stock
| 0.76 | 1155 | Malayan Banking Bhd | PairCorr |
| 0.76 | 5183 | Petronas Chemicals | PairCorr |
| 0.66 | 5347 | Tenaga Nasional Bhd | PairCorr |
YX Precious Market Sensitivity And Downside Risk
YX Precious' beta coefficient measures the volatility of 0250 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 0250 stock's returns against your selected market. In other words, YX Precious's beta of 0.86 provides an investor with an approximation of how much risk YX Precious stock can potentially add to one of your existing portfolios. YX Precious Metals exhibits very low volatility with skewness of 0.06 and kurtosis of -0.01. YX Precious Metals is a potential penny stock. Although YX Precious may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in YX Precious Metals. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on 0250 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 YX Precious Metals Demand TrendCheck current 90 days YX Precious correlation with market (Dow Jones Industrial)0250 Beta |
0250 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 | 2.27 |
It is essential to understand the difference between upside risk (as represented by YX Precious's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of YX Precious' daily returns or price. Since the actual investment returns on holding a position in 0250 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 YX Precious.
YX Precious Metals Stock Volatility Analysis
Volatility refers to the frequency at which YX Precious stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with YX Precious' price changes. Investors will then calculate the volatility of YX Precious' 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 YX Precious' volatility:
Historical Volatility
This type of stock volatility measures YX Precious' fluctuations based on previous trends. It's commonly used to predict YX Precious' 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 YX Precious' 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 YX Precious' 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. YX Precious Metals 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.
YX Precious Projected Return Density Against Market
Assuming the 90 days trading horizon YX Precious has a beta of 0.8565 . This suggests YX Precious Metals market returns are very sensitive to returns on the market. As the market goes up or down, YX Precious is expected to follow.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 YX Precious or Aluminum 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 YX Precious' 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 0250 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.
YX Precious Metals has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a YX Precious 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.YX Precious Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of YX Precious is -2189.6. The daily returns are distributed with a variance of 5.15 and standard deviation of 2.27. The mean deviation of YX Precious Metals is currently at 1.4. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.72
α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | 0.86 | |
σ | Overall volatility | 2.27 | |
Ir | Information ratio | -0.12 |
YX Precious Stock Return Volatility
YX Precious historical daily return volatility represents how much of YX Precious stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 2.2696% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7311% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
YX Precious Investment Opportunity
YX Precious Metals has a volatility of 2.27 and is 3.11 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of YX Precious Metals is lower than 20 percent of all global equities and portfolios over the last 90 days. You can use YX Precious Metals to protect your portfolios against small market fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of YX Precious to be traded at 0.2304 in 90 days.Modest diversification
The correlation between YX Precious Metals and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YX Precious Metals and DJI in the same portfolio, assuming nothing else is changed.
YX Precious Additional Risk Indicators
The analysis of YX Precious' 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 YX Precious' investment and either accepting that risk or mitigating it. Along with some common measures of YX Precious 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 | (0.04) | |||
| Market Risk Adjusted Performance | (0.18) | |||
| Mean Deviation | 1.41 | |||
| Coefficient Of Variation | (1,461) | |||
| Standard Deviation | 2.24 | |||
| Variance | 5.03 | |||
| Information Ratio | (0.12) |
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.
YX Precious 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.
| GM vs. YX Precious | ||
| Morgan Stanley vs. YX Precious | ||
| Citigroup vs. YX Precious | ||
| Alphabet vs. YX Precious | ||
| Visa vs. YX Precious | ||
| Micron Technology vs. YX Precious | ||
| Ford vs. YX Precious | ||
| Armada Hflr vs. YX Precious | ||
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 YX Precious 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. YX Precious' 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, YX Precious' 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 YX Precious Metals.