FIRST NATIONAL (Germany) Volatility
| 63Z Stock | EUR 26.20 0.40 1.50% |
At this point, FIRST NATIONAL is very steady. FIRST NATIONAL FIN secures Sharpe Ratio (or Efficiency) of 0.0508, which denotes the company had a 0.0508% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for FIRST NATIONAL FIN, which you can use to evaluate the volatility of the firm. Please confirm FIRST NATIONAL's Mean Deviation of 1.53, downside deviation of 2.16, and Market Risk Adjusted Performance of 0.3489 to check if the risk estimate we provide is consistent with the expected return of 0.1%. Key indicators related to FIRST NATIONAL's volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
FIRST NATIONAL 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 FIRST daily returns, and it is calculated using variance and standard deviation. We also use FIRST's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of FIRST NATIONAL volatility.
FIRST |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as FIRST NATIONAL 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 FIRST NATIONAL at lower prices to lower their average cost per share. Similarly, when the prices of FIRST NATIONAL's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with FIRST Stock
Moving against FIRST Stock
| 0.8 | LYV | Lundin Energy AB | PairCorr |
| 0.72 | D7GA | NEL ASA ADR30 | PairCorr |
| 0.69 | PBB | Deutsche Pfandbriefbank | PairCorr |
| 0.64 | T77 | LendingTree | PairCorr |
FIRST NATIONAL Market Sensitivity And Downside Risk
FIRST NATIONAL's beta coefficient measures the volatility of FIRST 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 FIRST stock's returns against your selected market. In other words, FIRST NATIONAL's beta of 0.38 provides an investor with an approximation of how much risk FIRST NATIONAL stock can potentially add to one of your existing portfolios. FIRST NATIONAL FIN currently demonstrates below-average downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of 0.12. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure FIRST NATIONAL'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 FIRST NATIONAL'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 FIRST NATIONAL FIN Demand TrendCheck current 90 days FIRST NATIONAL correlation with market (Dow Jones Industrial)FIRST Beta |
FIRST 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 | 2.06 |
It is essential to understand the difference between upside risk (as represented by FIRST NATIONAL's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of FIRST NATIONAL's daily returns or price. Since the actual investment returns on holding a position in first 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 FIRST NATIONAL.
FIRST NATIONAL FIN Stock Volatility Analysis
Volatility refers to the frequency at which FIRST NATIONAL stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with FIRST NATIONAL's price changes. Investors will then calculate the volatility of FIRST NATIONAL'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 FIRST NATIONAL's volatility:
Historical Volatility
This type of stock volatility measures FIRST NATIONAL's fluctuations based on previous trends. It's commonly used to predict FIRST NATIONAL'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 FIRST NATIONAL'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 FIRST NATIONAL'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. FIRST NATIONAL FIN 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.
FIRST NATIONAL Projected Return Density Against Market
Assuming the 90 days horizon FIRST NATIONAL has a beta of 0.3793 . This suggests as returns on the market go up, FIRST NATIONAL average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding FIRST NATIONAL FIN 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 FIRST NATIONAL or Financial 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 FIRST NATIONAL'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 FIRST 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.
FIRST NATIONAL FIN has an alpha of 0.1198, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a FIRST NATIONAL 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.FIRST NATIONAL Stock Risk Measures
Assuming the 90 days horizon the coefficient of variation of FIRST NATIONAL is 1969.11. The daily returns are distributed with a variance of 4.26 and standard deviation of 2.06. The mean deviation of FIRST NATIONAL FIN is currently at 1.53. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.79
α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 0.38 | |
σ | Overall volatility | 2.06 | |
Ir | Information ratio | 0.05 |
FIRST NATIONAL Stock Return Volatility
FIRST NATIONAL historical daily return volatility represents how much of FIRST NATIONAL stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 2.0644% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.8065% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About FIRST NATIONAL Volatility
Volatility is a rate at which the price of FIRST NATIONAL 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 FIRST NATIONAL may increase or decrease. In other words, similar to FIRST's beta indicator, it measures the risk of FIRST NATIONAL and helps estimate the fluctuations that may happen in a short period of time. So if prices of FIRST NATIONAL 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.First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. First National Financial Corporation founded in 1988 and is headquartered in Toronto, Canada. FIRST NATIONAL operates under Mortgage Finance classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1505 people.
FIRST NATIONAL'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 FIRST Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much FIRST NATIONAL's price varies over time.
3 ways to utilize FIRST NATIONAL's volatility to invest better
Higher FIRST NATIONAL's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of FIRST NATIONAL FIN 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. FIRST NATIONAL FIN 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 FIRST NATIONAL FIN investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in FIRST NATIONAL'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 FIRST NATIONAL's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
FIRST NATIONAL Investment Opportunity
FIRST NATIONAL FIN has a volatility of 2.06 and is 2.54 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of FIRST NATIONAL FIN is lower than 18 percent of all global equities and portfolios over the last 90 days. You can use FIRST NATIONAL FIN to protect your portfolios against small market fluctuations. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of FIRST NATIONAL to be traded at €25.41 in 90 days.Average diversification
The correlation between FIRST NATIONAL FIN and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FIRST NATIONAL FIN and DJI in the same portfolio, assuming nothing else is changed.
FIRST NATIONAL Additional Risk Indicators
The analysis of FIRST NATIONAL'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 FIRST NATIONAL's investment and either accepting that risk or mitigating it. Along with some common measures of FIRST NATIONAL 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 | 0.0596 | |||
| Market Risk Adjusted Performance | 0.3489 | |||
| Mean Deviation | 1.53 | |||
| Semi Deviation | 1.61 | |||
| Downside Deviation | 2.16 | |||
| Coefficient Of Variation | 1481.55 | |||
| Standard Deviation | 2.05 |
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.
FIRST NATIONAL 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 FIRST NATIONAL 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. FIRST NATIONAL'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, FIRST NATIONAL'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 FIRST NATIONAL FIN.
Complementary Tools for FIRST Stock analysis
When running FIRST NATIONAL's price analysis, check to measure FIRST NATIONAL'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 FIRST NATIONAL is operating at the current time. Most of FIRST NATIONAL's value examination focuses on studying past and present price action to predict the probability of FIRST NATIONAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIRST NATIONAL's price. Additionally, you may evaluate how the addition of FIRST NATIONAL to your portfolios can decrease your overall portfolio volatility.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |