Sparindex Volatility

SI
SPIUSVKL -- Denmark Stock  

DKK 75.58  0.02  0.0265%

Sparindex INDEX is very steady given 3 months investment horizon. Sparindex INDEX USA owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2702, which indicates the firm had 0.2702% of return per unit of risk over the last 3 months. Our philosophy towards measuring the risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.37% are justified by taking the suggested risk. Use Sparindex INDEX USA Coefficient Of Variation of (1,346) and Risk Adjusted Performance of (0.30) to evaluate company specific risk that cannot be diversified away.

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Sparindex INDEX 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 Sparindex daily returns, and it is calculated using variance and standard deviation. We also use Sparindex's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Sparindex INDEX volatility.

Sparindex INDEX Market Sensitivity

As returns on market increase, Sparindex INDEX returns are expected to increase less than the market. However, during bear market, the loss on holding Sparindex INDEX will be expected to be smaller as well.
3 Months Beta |Analyze Sparindex INDEX USA Demand Trend
Check current 30 days Sparindex INDEX correlation with market (DOW)
β = 0.0268

Sparindex INDEX Central Daily Price Deviation

Sparindex INDEX USA Technical Analysis

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Sparindex INDEX Projected Return Density Against Market

Assuming 30 trading days horizon, Sparindex INDEX has beta of 0.0268 . This entails as returns on market go up, Sparindex INDEX average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Sparindex INDEX USA will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Sparindex INDEX USA is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Sparindex INDEX is 370.08. The daily returns are destributed with a variance of 25.69 and standard deviation of 5.07. The mean deviation of Sparindex INDEX USA is currently at 3.66. For similar time horizon, the selected benchmark (DOW) has volatility of 4.11
α
Alpha over DOW
=-0.5
β
Beta against DOW=0.0268
σ
Overall volatility
=5.07
Ir
Information ratio =-0.09

Sparindex INDEX Return Volatility

the organization accepts 5.0689% volatility on return distribution over the 30 days horizon. the entity inherits 4.0562% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About Sparindex INDEX Volatility

Volatility is a rate at which the price of Sparindex INDEX 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 Sparindex INDEX may increase or decrease. In other words, similar to Sparindex's beta indicator, it measures the risk of Sparindex INDEX and helps estimate the fluctuations that may happen in a short period of time. So if prices of Sparindex INDEX 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.

Sparindex INDEX Investment Opportunity

Sparindex INDEX USA has a volatility of 5.07 and is 1.25 times more volatile than DOW. 44  of all equities and portfolios are less risky than Sparindex INDEX. Compared to the overall equity markets, volatility of historical daily returns of Sparindex INDEX USA is lower than 44 () of all global equities and portfolios over the last 30 days. Use Sparindex INDEX USA to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Sparindex INDEX to be traded at kr79.36 in 30 days. . As returns on market increase, Sparindex INDEX returns are expected to increase less than the market. However, during bear market, the loss on holding Sparindex INDEX will be expected to be smaller as well.

Sparindex INDEX correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Sparindex INDEX USA Value KL and equity matching DJI index in the same portfolio.

Sparindex INDEX Current Risk Indicators

Sparindex INDEX Suggested Diversification Pairs

Additionally, take a look at World Market Map. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.
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