Shagrir Group (Israel) Volatility
| SHGR Stock | 956.40 14.40 1.53% |
Shagrir Group appears to be very steady, given 3 months investment horizon. Shagrir Group Vehicle owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shagrir Group Vehicle, which you can use to evaluate the volatility of the company. Please review Shagrir Group's Semi Deviation of 1.17, risk adjusted performance of 0.1217, and Coefficient Of Variation of 543.81 to confirm if our risk estimates are consistent with your expectations. Key indicators related to Shagrir Group's volatility include:
60 Days Market Risk | Chance Of Distress | 60 Days Economic Sensitivity |
Shagrir Group 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 Shagrir daily returns, and it is calculated using variance and standard deviation. We also use Shagrir's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Shagrir Group volatility.
Shagrir |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Shagrir Group can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Shagrir Group at lower prices. For example, an investor can purchase Shagrir stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Shagrir Group's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving together with Shagrir Stock
| 0.65 | BSP | Black Sea Property | PairCorr |
| 0.62 | SAFE | Safe T Group | PairCorr |
| 0.65 | ICB | Israel China Biotech | PairCorr |
| 0.66 | BMDX | Biomedix Incubator | PairCorr |
Moving against Shagrir Stock
Shagrir Group Market Sensitivity And Downside Risk
Shagrir Group's beta coefficient measures the volatility of Shagrir 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 Shagrir stock's returns against your selected market. In other words, Shagrir Group's beta of -0.18 provides an investor with an approximation of how much risk Shagrir Group stock can potentially add to one of your existing portfolios. Shagrir Group Vehicle has relatively low volatility with skewness of 0.76 and kurtosis of 1.04. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Shagrir Group'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 Shagrir Group'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 Shagrir Group Vehicle Demand TrendCheck current 90 days Shagrir Group correlation with market (NYSE Composite)Shagrir Beta |
Shagrir 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 | 2.09 |
It is essential to understand the difference between upside risk (as represented by Shagrir Group's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Shagrir Group's daily returns or price. Since the actual investment returns on holding a position in shagrir 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 Shagrir Group.
Shagrir Group Vehicle Stock Volatility Analysis
Volatility refers to the frequency at which Shagrir Group stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Shagrir Group's price changes. Investors will then calculate the volatility of Shagrir Group'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 Shagrir Group's volatility:
Historical Volatility
This type of stock volatility measures Shagrir Group's fluctuations based on previous trends. It's commonly used to predict Shagrir Group'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 Shagrir Group'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 Shagrir Group'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. Shagrir Group Vehicle 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.
Shagrir Group Projected Return Density Against Market
Assuming the 90 days trading horizon Shagrir Group Vehicle has a beta of -0.1763 . This usually implies as returns on the benchmark increase, returns on holding Shagrir Group are expected to decrease at a much lower rate. During a bear market, however, Shagrir Group Vehicle is likely to outperform the market.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 Shagrir Group or Commercial Services & Supplies 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 Shagrir Group'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 Shagrir 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.
Shagrir Group Vehicle has an alpha of 0.3892, implying that it can generate a 0.39 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Shagrir Group 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.Shagrir Group Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Shagrir Group is 543.81. The daily returns are distributed with a variance of 4.36 and standard deviation of 2.09. The mean deviation of Shagrir Group Vehicle is currently at 1.53. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α | Alpha over NYSE Composite | 0.39 | |
β | Beta against NYSE Composite | -0.18 | |
σ | Overall volatility | 2.09 | |
Ir | Information ratio | 0.14 |
Shagrir Group Stock Return Volatility
Shagrir Group historical daily return volatility represents how much of Shagrir Group stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 2.0889% volatility on return distribution over the 90 days horizon. By contrast, NYSE Composite accepts 0.6321% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Shagrir Group Volatility
Volatility is a rate at which the price of Shagrir Group 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 Shagrir Group may increase or decrease. In other words, similar to Shagrir's beta indicator, it measures the risk of Shagrir Group and helps estimate the fluctuations that may happen in a short period of time. So if prices of Shagrir Group 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.Shagrir Group Vehicle Services Ltd provides roadside rescue and assistance services in Israel. Shagrir Group Vehicle Services Ltd was founded in 1984 and is based in Holon, Israel. SHAGRIR GROUP is traded on Tel Aviv Stock Exchange in Israel.
Shagrir Group'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 Shagrir Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Shagrir Group's price varies over time.
3 ways to utilize Shagrir Group's volatility to invest better
Higher Shagrir Group's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Shagrir Group Vehicle 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. Shagrir Group Vehicle 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 Shagrir Group Vehicle investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Shagrir Group'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 Shagrir Group's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Shagrir Group Investment Opportunity
Shagrir Group Vehicle has a volatility of 2.09 and is 3.32 times more volatile than NYSE Composite. 18 percent of all equities and portfolios are less risky than Shagrir Group. You can use Shagrir Group Vehicle to enhance the returns of your portfolios. The stock experiences a large bullish trend. Check odds of Shagrir Group to be traded at 1052.04 in 90 days.Good diversification
The correlation between Shagrir Group Vehicle and NYA is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shagrir Group Vehicle and NYA in the same portfolio, assuming nothing else is changed.
Shagrir Group Additional Risk Indicators
The analysis of Shagrir Group'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 Shagrir Group's investment and either accepting that risk or mitigating it. Along with some common measures of Shagrir Group 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 | 0.1217 | |||
| Market Risk Adjusted Performance | (2.11) | |||
| Mean Deviation | 1.53 | |||
| Semi Deviation | 1.17 | |||
| Downside Deviation | 1.68 | |||
| Coefficient Of Variation | 543.81 | |||
| Standard Deviation | 2.09 |
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.
Shagrir Group 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 Shagrir Group 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. Shagrir Group'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, Shagrir Group'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 Shagrir Group Vehicle.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shagrir Group Vehicle. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Shagrir Stock analysis
When running Shagrir Group's price analysis, check to measure Shagrir Group'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 Shagrir Group is operating at the current time. Most of Shagrir Group's value examination focuses on studying past and present price action to predict the probability of Shagrir Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shagrir Group's price. Additionally, you may evaluate how the addition of Shagrir Group to your portfolios can decrease your overall portfolio volatility.
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