Celik Halat (Turkey) Volatility
| CELHA Stock | TRY 22.18 0.82 3.57% |
Celik Halat ve secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Celik Halat ve exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Celik Halat's Risk Adjusted Performance of (0.15), mean deviation of 1.86, and Standard Deviation of 2.76 to double-check the risk estimate we provide. Key indicators related to Celik Halat's volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Celik Halat 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 Celik daily returns, and it is calculated using variance and standard deviation. We also use Celik's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Celik Halat volatility.
Celik |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Celik Halat at lower prices. For example, an investor can purchase Celik 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 Celik Stock
Moving against Celik Stock
Celik Halat Market Sensitivity And Downside Risk
Celik Halat's beta coefficient measures the volatility of Celik 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 Celik stock's returns against your selected market. In other words, Celik Halat's beta of -0.91 provides an investor with an approximation of how much risk Celik Halat stock can potentially add to one of your existing portfolios. Celik Halat ve exhibits very low volatility with skewness of 0.64 and kurtosis of 3.36. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Celik Halat'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 Celik Halat'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 Celik Halat ve Demand TrendCheck current 90 days Celik Halat correlation with market (Dow Jones Industrial)Celik Beta |
Celik 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 | 2.77 |
It is essential to understand the difference between upside risk (as represented by Celik Halat's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Celik Halat's daily returns or price. Since the actual investment returns on holding a position in celik 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 Celik Halat.
Celik Halat ve Stock Volatility Analysis
Volatility refers to the frequency at which Celik Halat stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Celik Halat's price changes. Investors will then calculate the volatility of Celik Halat'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 Celik Halat's volatility:
Historical Volatility
This type of stock volatility measures Celik Halat's fluctuations based on previous trends. It's commonly used to predict Celik Halat'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 Celik Halat'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 Celik Halat'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. Celik Halat ve 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.
Celik Halat Projected Return Density Against Market
Assuming the 90 days trading horizon Celik Halat ve has a beta of -0.9112 suggestingMost 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 Celik Halat or Metals & Mining 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 Celik Halat'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 Celik 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.
Celik Halat ve 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 Celik Halat 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.Celik Halat Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Celik Halat is -487.65. The daily returns are distributed with a variance of 7.65 and standard deviation of 2.77. The mean deviation of Celik Halat ve is currently at 1.85. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.79
α | Alpha over Dow Jones | -0.55 | |
β | Beta against Dow Jones | -0.91 | |
σ | Overall volatility | 2.77 | |
Ir | Information ratio | -0.22 |
Celik Halat Stock Return Volatility
Celik Halat historical daily return volatility represents how much of Celik Halat stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm accepts 2.7661% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7982% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Celik Halat Volatility
Volatility is a rate at which the price of Celik Halat 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 Celik Halat may increase or decrease. In other words, similar to Celik's beta indicator, it measures the risk of Celik Halat and helps estimate the fluctuations that may happen in a short period of time. So if prices of Celik Halat 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.elik Halat ve Tel Sanayii A.S. produces and supplies carbon wire and steel wire ropes in Turkey. elik Halat ve Tel Sanayii A.S. operates as a subsidiary of Dogan Sirketler Grubu Holding A.S. CELIK HALAT operates under Metal Fabrication classification in Turkey and is traded on Istanbul Stock Exchange. It employs 406 people.
Celik Halat'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 Celik Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Celik Halat's price varies over time.
3 ways to utilize Celik Halat's volatility to invest better
Higher Celik Halat's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Celik Halat ve 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. Celik Halat ve 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 Celik Halat ve investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Celik Halat'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 Celik Halat's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Celik Halat Investment Opportunity
Celik Halat ve has a volatility of 2.77 and is 3.46 times more volatile than Dow Jones Industrial. 24 percent of all equities and portfolios are less risky than Celik Halat. You can use Celik Halat ve 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 Celik Halat to be traded at 21.29 in 90 days.Very good diversification
The correlation between Celik Halat ve and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celik Halat ve and DJI in the same portfolio, assuming nothing else is changed.
Celik Halat Additional Risk Indicators
The analysis of Celik Halat'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 Celik Halat's investment and either accepting that risk or mitigating it. Along with some common measures of Celik Halat 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 | (0.15) | |||
| Market Risk Adjusted Performance | 0.6386 | |||
| Mean Deviation | 1.86 | |||
| Coefficient Of Variation | (490.75) | |||
| Standard Deviation | 2.76 | |||
| Variance | 7.63 | |||
| Information Ratio | (0.22) |
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.
Celik Halat 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.
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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 Celik Halat 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. Celik Halat'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, Celik Halat'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 Celik Halat ve.
Complementary Tools for Celik Stock analysis
When running Celik Halat's price analysis, check to measure Celik Halat'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 Celik Halat is operating at the current time. Most of Celik Halat's value examination focuses on studying past and present price action to predict the probability of Celik Halat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celik Halat's price. Additionally, you may evaluate how the addition of Celik Halat to your portfolios can decrease your overall portfolio volatility.
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