Camuzzi Gas (Argentina) Volatility
| CGPA2 Stock | ARS 3,515 105.00 2.90% |
Camuzzi Gas appears to be very steady, given 3 months investment horizon. Camuzzi Gas Pampeana secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. By analyzing Camuzzi Gas' technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of Camuzzi Gas' Downside Deviation of 2.18, mean deviation of 2.89, and Risk Adjusted Performance of 0.1818 to double-check if our risk estimates are consistent with your expectations. Key indicators related to Camuzzi Gas' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Camuzzi Gas 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 Camuzzi daily returns, and it is calculated using variance and standard deviation. We also use Camuzzi's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Camuzzi Gas volatility.
Camuzzi |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Camuzzi Gas 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 Camuzzi Gas at lower prices to lower their average cost per share. Similarly, when the prices of Camuzzi Gas' stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Camuzzi Stock
Moving against Camuzzi Stock
| 0.74 | BABA | Alibaba Group Holding | PairCorr |
| 0.54 | AAPL | Apple Inc DRC | PairCorr |
| 0.53 | BA | Boeing Co CEDEAR | PairCorr |
Camuzzi Gas Market Sensitivity And Downside Risk
Camuzzi Gas' beta coefficient measures the volatility of Camuzzi 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 Camuzzi stock's returns against your selected market. In other words, Camuzzi Gas's beta of 0.3 provides an investor with an approximation of how much risk Camuzzi Gas stock can potentially add to one of your existing portfolios. Camuzzi Gas Pampeana currently demonstrates below-average downside deviation. It has Information Ratio of 0.21 and Jensen Alpha of 0.86. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Camuzzi Gas' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Camuzzi Gas' 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 Camuzzi Gas Pampeana Demand TrendCheck current 90 days Camuzzi Gas correlation with market (Dow Jones Industrial)Camuzzi Beta |
Camuzzi 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 | 3.8 |
It is essential to understand the difference between upside risk (as represented by Camuzzi Gas's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Camuzzi Gas' daily returns or price. Since the actual investment returns on holding a position in camuzzi 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 Camuzzi Gas.
Camuzzi Gas Pampeana Stock Volatility Analysis
Volatility refers to the frequency at which Camuzzi Gas stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Camuzzi Gas' price changes. Investors will then calculate the volatility of Camuzzi Gas' 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 Camuzzi Gas' volatility:
Historical Volatility
This type of stock volatility measures Camuzzi Gas' fluctuations based on previous trends. It's commonly used to predict Camuzzi Gas' 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 Camuzzi Gas' 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 Camuzzi Gas' 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. Camuzzi Gas Pampeana 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.
Camuzzi Gas Projected Return Density Against Market
Assuming the 90 days trading horizon Camuzzi Gas has a beta of 0.2999 suggesting as returns on the market go up, Camuzzi Gas average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Camuzzi Gas Pampeana 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 Camuzzi Gas or Energy 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 Camuzzi Gas' 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 Camuzzi 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.
Camuzzi Gas Pampeana has an alpha of 0.8614, implying that it can generate a 0.86 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Camuzzi Gas 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.Camuzzi Gas Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Camuzzi Gas is 405.28. The daily returns are distributed with a variance of 14.45 and standard deviation of 3.8. The mean deviation of Camuzzi Gas Pampeana is currently at 2.95. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.73
α | Alpha over Dow Jones | 0.86 | |
β | Beta against Dow Jones | 0.30 | |
σ | Overall volatility | 3.80 | |
Ir | Information ratio | 0.21 |
Camuzzi Gas Stock Return Volatility
Camuzzi Gas historical daily return volatility represents how much of Camuzzi Gas stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 3.8014% 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 Camuzzi Gas Volatility
Volatility is a rate at which the price of Camuzzi Gas 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 Camuzzi Gas may increase or decrease. In other words, similar to Camuzzi's beta indicator, it measures the risk of Camuzzi Gas and helps estimate the fluctuations that may happen in a short period of time. So if prices of Camuzzi Gas 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.Camuzzi Gas Pampeana S.A. distributes natural gas in Argentina. Camuzzi Gas Pampeana S.A. is based in Buenos Aires, Argentina. CAMUZZI GAS operates under Oil Gas Equipment Services classification in Argentina and is traded on Buenos-Aires Stock Exchange. It employs 1082 people.
Camuzzi Gas' 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 Camuzzi Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Camuzzi Gas' price varies over time.
3 ways to utilize Camuzzi Gas' volatility to invest better
Higher Camuzzi Gas' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Camuzzi Gas Pampeana 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. Camuzzi Gas Pampeana 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 Camuzzi Gas Pampeana investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Camuzzi Gas' 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 Camuzzi Gas' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Camuzzi Gas Investment Opportunity
Camuzzi Gas Pampeana has a volatility of 3.8 and is 5.28 times more volatile than Dow Jones Industrial. 33 percent of all equities and portfolios are less risky than Camuzzi Gas. You can use Camuzzi Gas Pampeana 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 Camuzzi Gas to be traded at 3374.4 in 90 days.Significant diversification
The correlation between Camuzzi Gas Pampeana and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Camuzzi Gas Pampeana and DJI in the same portfolio, assuming nothing else is changed.
Camuzzi Gas Additional Risk Indicators
The analysis of Camuzzi Gas' 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 Camuzzi Gas' investment and either accepting that risk or mitigating it. Along with some common measures of Camuzzi Gas 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 | 0.1818 | |||
| Market Risk Adjusted Performance | 2.97 | |||
| Mean Deviation | 2.89 | |||
| Semi Deviation | 1.77 | |||
| Downside Deviation | 2.18 | |||
| Coefficient Of Variation | 417.35 | |||
| Standard Deviation | 3.75 |
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.
Camuzzi Gas 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 Camuzzi Gas 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. Camuzzi Gas' 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, Camuzzi Gas' 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 Camuzzi Gas Pampeana.
Complementary Tools for Camuzzi Stock analysis
When running Camuzzi Gas' price analysis, check to measure Camuzzi Gas' 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 Camuzzi Gas is operating at the current time. Most of Camuzzi Gas' value examination focuses on studying past and present price action to predict the probability of Camuzzi Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camuzzi Gas' price. Additionally, you may evaluate how the addition of Camuzzi Gas to your portfolios can decrease your overall portfolio volatility.
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