Hoya Capital High Etf Volatility
| RIET Etf | USD 10.82 0.05 0.46% |
Currently, Hoya Capital High is very steady. Hoya Capital High holds Efficiency (Sharpe) Ratio of 0.0381, which attests that the entity had a 0.0381% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hoya Capital High, which you can use to evaluate the volatility of the entity. Please check out Hoya Capital's Risk Adjusted Performance of 0.0298, downside deviation of 0.856, and Market Risk Adjusted Performance of 0.0546 to validate if the risk estimate we provide is consistent with the expected return of 0.0291%. Key indicators related to Hoya Capital's volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Hoya Capital Etf 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 Hoya daily returns, and it is calculated using variance and standard deviation. We also use Hoya's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Hoya Capital volatility.
Hoya |
Downward market volatility can be a perfect environment for investors who play the long game with Hoya Capital. They may decide to buy additional shares of Hoya Capital at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with Hoya Etf
| 0.81 | VNQ | Vanguard Real Estate | PairCorr |
| 0.77 | XLRE | Real Estate | PairCorr |
| 0.81 | IYR | iShares Real Estate | PairCorr |
| 0.78 | ICF | iShares Cohen Steers Low Volatility | PairCorr |
| 0.71 | USRT | iShares Core REIT | PairCorr |
Moving against Hoya Etf
Hoya Capital Market Sensitivity And Downside Risk
Hoya Capital's beta coefficient measures the volatility of Hoya etf 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 Hoya etf's returns against your selected market. In other words, Hoya Capital's beta of 0.44 provides an investor with an approximation of how much risk Hoya Capital etf can potentially add to one of your existing portfolios. Hoya Capital High has low volatility with Treynor Ratio of 0.04, Maximum Drawdown of 3.74 and kurtosis of -0.13. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hoya Capital's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hoya Capital's etf 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 Hoya Capital High Demand TrendCheck current 90 days Hoya Capital correlation with market (Dow Jones Industrial)Hoya Beta |
Hoya 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 | 0.76 |
It is essential to understand the difference between upside risk (as represented by Hoya Capital's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Hoya Capital's daily returns or price. Since the actual investment returns on holding a position in hoya etf 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 Hoya Capital.
Using Hoya Put Option to Manage Risk
Put options written on Hoya Capital grant holders of the option the right to sell a specified amount of Hoya Capital at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Hoya Etf cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Hoya Capital's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding Hoya Capital will be realized, the loss incurred will be offset by the profits made with the option trade.
Hoya Capital's PUT expiring on 2024-12-20
Profit |
| Hoya Capital Price At Expiration |
Hoya Capital High Etf Volatility Analysis
Volatility refers to the frequency at which Hoya Capital etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Hoya Capital's price changes. Investors will then calculate the volatility of Hoya Capital's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf 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 Hoya Capital's volatility:
Historical Volatility
This type of etf volatility measures Hoya Capital's fluctuations based on previous trends. It's commonly used to predict Hoya Capital's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Hoya Capital's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Hoya Capital'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. Hoya Capital High 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.
Hoya Capital Projected Return Density Against Market
Given the investment horizon of 90 days Hoya Capital has a beta of 0.4412 indicating as returns on the market go up, Hoya Capital average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hoya Capital High 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 Hoya Capital or Hoya Capital Real Estate 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 Hoya Capital's price will be affected by overall etf 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 Hoya etf'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.
Hoya Capital High 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 Hoya Capital Price Volatility?
Several factors can influence a etf'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.Hoya Capital Etf Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Hoya Capital is 2626.92. The daily returns are distributed with a variance of 0.58 and standard deviation of 0.76. The mean deviation of Hoya Capital High is currently at 0.62. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.44 | |
σ | Overall volatility | 0.76 | |
Ir | Information ratio | -0.14 |
Hoya Capital Etf Return Volatility
Hoya Capital historical daily return volatility represents how much of Hoya Capital etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The exchange-traded fund inherits 0.7642% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7444% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Hoya Capital Volatility
Volatility is a rate at which the price of Hoya Capital 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 Hoya Capital may increase or decrease. In other words, similar to Hoya's beta indicator, it measures the risk of Hoya Capital and helps estimate the fluctuations that may happen in a short period of time. So if prices of Hoya Capital 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.3 ways to utilize Hoya Capital's volatility to invest better
Higher Hoya Capital's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Hoya Capital High etf 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. Hoya Capital High etf 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 Hoya Capital High investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Hoya Capital's etf 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 Hoya Capital's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Hoya Capital Investment Opportunity
Hoya Capital High has a volatility of 0.76 and is 1.03 times more volatile than Dow Jones Industrial. 6 percent of all equities and portfolios are less risky than Hoya Capital. You can use Hoya Capital High to protect your portfolios against small market fluctuations. The etf experiences a normal downward trend and little activity. Check odds of Hoya Capital to be traded at $10.71 in 90 days.Very weak diversification
The correlation between Hoya Capital High and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hoya Capital High and DJI in the same portfolio, assuming nothing else is changed.
Hoya Capital Additional Risk Indicators
The analysis of Hoya Capital'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 Hoya Capital's investment and either accepting that risk or mitigating it. Along with some common measures of Hoya Capital etf'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 | 0.0298 | |||
| Market Risk Adjusted Performance | 0.0546 | |||
| Mean Deviation | 0.6209 | |||
| Semi Deviation | 0.8071 | |||
| Downside Deviation | 0.856 | |||
| Coefficient Of Variation | 2560.12 | |||
| Standard Deviation | 0.7603 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Hoya Capital 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 Hoya Capital 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. Hoya Capital'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, Hoya Capital'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 Hoya Capital High.
When determining whether Hoya Capital High is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Hoya Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hoya Capital High Etf. Highlighted below are key reports to facilitate an investment decision about Hoya Capital High Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Hoya Capital High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of Hoya Capital High is measured differently than its book value, which is the value of Hoya that is recorded on the company's balance sheet. Investors also form their own opinion of Hoya Capital's value that differs from its market value or its book value, called intrinsic value, which is Hoya Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hoya Capital's market value can be influenced by many factors that don't directly affect Hoya Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hoya Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hoya Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hoya Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.