Ramkhamhaeng Hospital (Thailand) Volatility
| RAM Stock | THB 23.30 0.10 0.43% |
Ramkhamhaeng Hospital maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Ramkhamhaeng Hospital exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ramkhamhaeng Hospital's Risk Adjusted Performance of (0.10), variance of 2.96, and Coefficient Of Variation of (717.18) to confirm the risk estimate we provide. Key indicators related to Ramkhamhaeng Hospital's volatility include:
180 Days Market Risk | Chance Of Distress | 180 Days Economic Sensitivity |
Ramkhamhaeng Hospital 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 Ramkhamhaeng daily returns, and it is calculated using variance and standard deviation. We also use Ramkhamhaeng's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Ramkhamhaeng Hospital volatility.
Ramkhamhaeng |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Ramkhamhaeng Hospital at lower prices. For example, an investor can purchase Ramkhamhaeng 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.
Ramkhamhaeng Hospital Market Sensitivity And Downside Risk
Ramkhamhaeng Hospital's beta coefficient measures the volatility of Ramkhamhaeng 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 Ramkhamhaeng stock's returns against your selected market. In other words, Ramkhamhaeng Hospital's beta of 0.0039 provides an investor with an approximation of how much risk Ramkhamhaeng Hospital stock can potentially add to one of your existing portfolios. Ramkhamhaeng Hospital Public exhibits very low volatility with skewness of -1.89 and kurtosis of 10.98. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital Demand TrendCheck current 90 days Ramkhamhaeng Hospital correlation with market (Dow Jones Industrial)Ramkhamhaeng Beta |
Ramkhamhaeng 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 | 1.74 |
It is essential to understand the difference between upside risk (as represented by Ramkhamhaeng Hospital's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Ramkhamhaeng Hospital's daily returns or price. Since the actual investment returns on holding a position in ramkhamhaeng 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 Ramkhamhaeng Hospital.
Ramkhamhaeng Hospital Stock Volatility Analysis
Volatility refers to the frequency at which Ramkhamhaeng Hospital stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Ramkhamhaeng Hospital's price changes. Investors will then calculate the volatility of Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital's volatility:
Historical Volatility
This type of stock volatility measures Ramkhamhaeng Hospital's fluctuations based on previous trends. It's commonly used to predict Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital'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. Ramkhamhaeng Hospital 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.
Ramkhamhaeng Hospital Projected Return Density Against Market
Assuming the 90 days trading horizon Ramkhamhaeng Hospital has a beta of 0.0039 indicating as returns on the market go up, Ramkhamhaeng Hospital average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ramkhamhaeng Hospital Public 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 Ramkhamhaeng Hospital or Health Care Providers & 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 Ramkhamhaeng Hospital'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 Ramkhamhaeng 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.
Ramkhamhaeng Hospital Public 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 Ramkhamhaeng Hospital 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.Ramkhamhaeng Hospital Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Ramkhamhaeng Hospital is -654.09. The daily returns are distributed with a variance of 3.02 and standard deviation of 1.74. The mean deviation of Ramkhamhaeng Hospital Public is currently at 1.06. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0 | |
σ | Overall volatility | 1.74 | |
Ir | Information ratio | -0.22 |
Ramkhamhaeng Hospital Stock Return Volatility
Ramkhamhaeng Hospital historical daily return volatility represents how much of Ramkhamhaeng Hospital stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 1.7384% volatility of returns over the 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.7444% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Ramkhamhaeng Hospital Volatility
Volatility is a rate at which the price of Ramkhamhaeng Hospital 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 Ramkhamhaeng Hospital may increase or decrease. In other words, similar to Ramkhamhaeng's beta indicator, it measures the risk of Ramkhamhaeng Hospital and helps estimate the fluctuations that may happen in a short period of time. So if prices of Ramkhamhaeng Hospital 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.Ramkhamhaeng Hospital Public Company Limited, together with its subsidiaries, operates a private hospital that provides medical services in Thailand. Ramkhamhaeng Hospital Public Company Limited was founded in 1988 and is based in Bangkok, Thailand. RAMKHAMHAENG HOSPITAL operates under Medical Care classification in Thailand and is traded on Stock Exchange of Thailand.
Ramkhamhaeng Hospital'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 Ramkhamhaeng Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Ramkhamhaeng Hospital's price varies over time.
3 ways to utilize Ramkhamhaeng Hospital's volatility to invest better
Higher Ramkhamhaeng Hospital's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Ramkhamhaeng Hospital 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. Ramkhamhaeng Hospital 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 Ramkhamhaeng Hospital investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Ramkhamhaeng Hospital Investment Opportunity
Ramkhamhaeng Hospital Public has a volatility of 1.74 and is 2.35 times more volatile than Dow Jones Industrial. 15 percent of all equities and portfolios are less risky than Ramkhamhaeng Hospital. You can use Ramkhamhaeng Hospital Public to enhance the returns of your portfolios. The stock experiences a normal upward fluctuation. Check odds of Ramkhamhaeng Hospital to be traded at 24.47 in 90 days.Ramkhamhaeng Hospital Additional Risk Indicators
The analysis of Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital's investment and either accepting that risk or mitigating it. Along with some common measures of Ramkhamhaeng Hospital 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 | (0.10) | |||
| Market Risk Adjusted Performance | (64.02) | |||
| Mean Deviation | 1.04 | |||
| Coefficient Of Variation | (717.18) | |||
| Standard Deviation | 1.72 | |||
| Variance | 2.96 | |||
| 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.
Ramkhamhaeng Hospital 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 Ramkhamhaeng Hospital 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. Ramkhamhaeng Hospital'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, Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital Public.
Other Information on Investing in Ramkhamhaeng Stock
Ramkhamhaeng Hospital financial ratios help investors to determine whether Ramkhamhaeng 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 Ramkhamhaeng with respect to the benefits of owning Ramkhamhaeng Hospital security.