Wynn Resorts Limited Stock Volatility
| WYNN Stock | USD 96.10 1.38 1.42% |
We consider Wynn Resorts very steady. Wynn Resorts Limited shows Sharpe Ratio of 0.051, which attests that the company had a 0.051% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wynn Resorts Limited, which you can use to evaluate the volatility of the company. Please check out Wynn Resorts' Market Risk Adjusted Performance of 0.0397, downside deviation of 1.59, and Mean Deviation of 1.28 to validate if the risk estimate we provide is consistent with the expected return of 0.0856%. Key indicators related to Wynn Resorts' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Wynn Resorts 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 Wynn daily returns, and it is calculated using variance and standard deviation. We also use Wynn's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Wynn Resorts volatility.
Wynn |
ESG Sustainability
While most ESG disclosures are voluntary, Wynn Resorts' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Wynn Resorts' managers and investors.Environment Score | Governance Score | Social Score |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Wynn Resorts 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 Wynn Resorts at lower prices. For example, an investor can purchase Wynn 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 Wynn Resorts' 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 against Wynn Stock
| 0.56 | PNST | Pinstripes Holdings Symbol Change | PairCorr |
| 0.56 | ARKR | Ark Restaurants Corp | PairCorr |
| 0.5 | RICK | RCI Hospitality Holdings Financial Report 8th of May 2024 | PairCorr |
Wynn Resorts Market Sensitivity And Downside Risk
Wynn Resorts' beta coefficient measures the volatility of Wynn 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 Wynn stock's returns against your selected market. In other words, Wynn Resorts's beta of 1.12 provides an investor with an approximation of how much risk Wynn Resorts stock can potentially add to one of your existing portfolios. Wynn Resorts Limited has relatively low volatility with skewness of 0.66 and kurtosis of 1.85. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Wynn Resorts' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Wynn Resorts' 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 Wynn Resorts Limited Demand TrendCheck current 90 days Wynn Resorts correlation with market (NYSE Composite)Wynn Beta |
Wynn 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 | 1.68 |
It is essential to understand the difference between upside risk (as represented by Wynn Resorts's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Wynn Resorts' daily returns or price. Since the actual investment returns on holding a position in wynn 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 Wynn Resorts.
Using Wynn Put Option to Manage Risk
Put options written on Wynn Resorts grant holders of the option the right to sell a specified amount of Wynn Resorts 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 Wynn Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Wynn Resorts' 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 Wynn Resorts will be realized, the loss incurred will be offset by the profits made with the option trade.
Wynn Resorts' PUT expiring on 2024-04-19
Profit |
| Wynn Resorts Price At Expiration |
Current Wynn Resorts Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-04-19 PUT at $112.0 | -0.9348 | 0.0135 | 2 | 2024-04-19 | 15.65 - 16.15 | 7.1 | View |
Put | 2024-04-19 PUT at $110.0 | -0.9497 | 0.0135 | 93 | 2024-04-19 | 13.55 - 14.25 | 14.05 | View |
Put | 2024-04-19 PUT at $108.0 | -0.9046 | 0.0205 | 3 | 2024-04-19 | 11.55 - 12.25 | 8.19 | View |
Put | 2024-04-19 PUT at $107.0 | -0.9089 | 0.0218 | 9 | 2024-04-19 | 10.6 - 11.2 | 11.2 | View |
Put | 2024-04-19 PUT at $106.0 | -0.8773 | 0.026 | 451 | 2024-04-19 | 8.75 - 10.35 | 9.84 | View |
Put | 2024-04-19 PUT at $105.0 | -0.8281 | 0.0297 | 238 | 2024-04-19 | 8.75 - 9.65 | 8.76 | View |
Put | 2024-04-19 PUT at $104.0 | -0.8908 | 0.0312 | 158 | 2024-04-19 | 7.55 - 8.25 | 8.2 | View |
Put | 2024-04-19 PUT at $103.0 | -0.8943 | 0.0351 | 450 | 2024-04-19 | 6.5 - 7.15 | 6.88 | View |
Put | 2024-04-19 PUT at $102.0 | -0.9221 | 0.0368 | 777 | 2024-04-19 | 4.8 - 6.9 | 6.03 | View |
Put | 2024-04-19 PUT at $101.0 | -0.9519 | 0.0353 | 519 | 2024-04-19 | 4.65 - 5.3 | 4.95 | View |
Put | 2024-04-19 PUT at $100.0 | -0.8873 | 0.0617 | 2078 | 2024-04-19 | 2.8 - 4.65 | 4.06 | View |
Wynn Resorts Limited Stock Volatility Analysis
Volatility refers to the frequency at which Wynn Resorts stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Wynn Resorts' price changes. Investors will then calculate the volatility of Wynn Resorts' 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 Wynn Resorts' volatility:
Historical Volatility
This type of stock volatility measures Wynn Resorts' fluctuations based on previous trends. It's commonly used to predict Wynn Resorts' 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 Wynn Resorts' 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 Wynn Resorts' 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. Wynn Resorts Limited 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.
Wynn Resorts Projected Return Density Against Market
Given the investment horizon of 90 days the stock has the beta coefficient of 1.1218 . This entails Wynn Resorts Limited market returns are highly reactive to returns on the market. As the market goes up or down, Wynn Resorts is expected to follow.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 Wynn Resorts or Hotels, Restaurants & Leisure 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 Wynn Resorts' 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 Wynn 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.
Wynn Resorts Limited has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Predicted Return Density |
| Returns |
What Drives a Wynn Resorts 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.Wynn Resorts Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Wynn Resorts is 1961.95. The daily returns are distributed with a variance of 2.82 and standard deviation of 1.68. The mean deviation of Wynn Resorts Limited is currently at 1.2. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 1.12 | |
σ | Overall volatility | 1.68 | |
Ir | Information ratio | -0.01 |
Wynn Resorts Stock Return Volatility
Wynn Resorts historical daily return volatility represents how much of Wynn Resorts stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 1.6785% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.6214% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Wynn Resorts Volatility
Volatility is a rate at which the price of Wynn Resorts 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 Wynn Resorts may increase or decrease. In other words, similar to Wynn's beta indicator, it measures the risk of Wynn Resorts and helps estimate the fluctuations that may happen in a short period of time. So if prices of Wynn Resorts 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.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | -3.6 M | -3.4 M | |
| Market Cap | 461.2 M | 402.3 M |
Wynn Resorts' 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 Wynn Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Wynn Resorts' price varies over time.
3 ways to utilize Wynn Resorts' volatility to invest better
Higher Wynn Resorts' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Wynn Resorts Limited 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. Wynn Resorts Limited 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 Wynn Resorts Limited investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Wynn Resorts' 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 Wynn Resorts' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Wynn Resorts Investment Opportunity
Wynn Resorts Limited has a volatility of 1.68 and is 2.71 times more volatile than NYSE Composite. 14 percent of all equities and portfolios are less risky than Wynn Resorts. You can use Wynn Resorts Limited to protect your portfolios against small market fluctuations. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of Wynn Resorts to be traded at $93.22 in 90 days.Weak diversification
The correlation between Wynn Resorts Limited and NYA is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wynn Resorts Limited and NYA in the same portfolio, assuming nothing else is changed.
Wynn Resorts Additional Risk Indicators
The analysis of Wynn Resorts' 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 Wynn Resorts' investment and either accepting that risk or mitigating it. Along with some common measures of Wynn Resorts 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 | 0.0216 | |||
| Market Risk Adjusted Performance | 0.0397 | |||
| Mean Deviation | 1.28 | |||
| Semi Deviation | 1.5 | |||
| Downside Deviation | 1.59 | |||
| Coefficient Of Variation | 4085.84 | |||
| Standard Deviation | 1.77 |
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.
Wynn Resorts 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 Wynn Resorts 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. Wynn Resorts' 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, Wynn Resorts' 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 Wynn Resorts Limited.
When determining whether Wynn Resorts Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wynn Resorts' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wynn Resorts Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wynn Resorts Limited Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wynn Resorts Limited. 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Wynn Stock analysis
When running Wynn Resorts' price analysis, check to measure Wynn Resorts' 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 Wynn Resorts is operating at the current time. Most of Wynn Resorts' value examination focuses on studying past and present price action to predict the probability of Wynn Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wynn Resorts' price. Additionally, you may evaluate how the addition of Wynn Resorts to your portfolios can decrease your overall portfolio volatility.
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Is Wynn Resorts' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wynn Resorts. If investors know Wynn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wynn Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 21.116 | Dividend Share 0.75 | Earnings Share 6.32 | Revenue Per Share 58.049 | Quarterly Revenue Growth 0.831 |
The market value of Wynn Resorts Limited is measured differently than its book value, which is the value of Wynn that is recorded on the company's balance sheet. Investors also form their own opinion of Wynn Resorts' value that differs from its market value or its book value, called intrinsic value, which is Wynn Resorts' 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 Wynn Resorts' market value can be influenced by many factors that don't directly affect Wynn Resorts' 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 Wynn Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wynn Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wynn Resorts' 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.