SOUTHERN Volatility

SL
514454 -- India Stock  

INR 8.75  0.72  8.97%

Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for SOUTHERN LATEX LTD, which you can use to evaluate future volatility of the company. Please validate SOUTHERN LATEX risk adjusted performance of (1.08), and coefficient of variation of (197.38) to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.

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

SOUTHERN LATEX Market Sensitivity And Downside Risk

SOUTHERN LATEX LTD beta coefficient measures the volatility of SOUTHERN stock compared to the systematic risk of the entire stock 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 SOUTHERN stock's returns against your selected market. In other words, SOUTHERN LATEX's beta of -0.0426 provides an investor with an approximation of how much risk SOUTHERN LATEX stock can potentially add to one of your existing portfolios. Let's try to break down what SOUTHERN's beta means in this case. As returns on the market increase, returns on owning SOUTHERN LATEX are expected to decrease at a much lower rate. During the bear market, SOUTHERN LATEX is likely to outperform the market.
3 Months Beta |Analyze SOUTHERN LATEX LTD Demand Trend
Check current 30 days SOUTHERN LATEX correlation with market (DOW)
β

Current SOUTHERN LATEX Beta Coefficient

 = 

SOUTHERN LATEX Central Daily Price Deviations

It is essential to understand the difference between upside risk (as represented by SOUTHERN LATEX's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of SOUTHERN LATEX stock's daily returns or price. Since the actual investment returns on holding a position in SOUTHERN LATEX 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 SOUTHERN LATEX.

SOUTHERN LATEX LTD Volatility Analysis

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SOUTHERN LATEX Projected Return Density Against Market

Assuming the 30 trading days horizon, SOUTHERN LATEX LTD has a beta of -0.0426 . This suggests as returns on benchmark increase, returns on holding SOUTHERN LATEX are expected to decrease at a much lower rate. During the bear market, however, SOUTHERN LATEX LTD is likely to outperform the market. Additionally, 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 SOUTHERN LATEX or SOUTHERN LATEX LTD 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 SOUTHERN LATEX stock'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 SOUTHERN 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. The company has a negative alpha, implying that the risk taken by holding this equity is not justified. SOUTHERN LATEX LTD is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

SOUTHERN LATEX Risk Measures

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 SOUTHERN LATEX or SOUTHERN LATEX LTD 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 SOUTHERN LATEX stock'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 SOUTHERN 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. Assuming the 30 trading days horizon, the coefficient of variation of SOUTHERN LATEX is 0.0. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.0. The mean deviation of SOUTHERN LATEX LTD is currently at 0.0. For similar time horizon, the selected benchmark (DOW) has volatility of 2.14
α
Alpha over DOW
=-1.84
β
Beta against DOW=-0.04
σ
Overall volatility
=0.00
Ir
Information ratio =-0.58

SOUTHERN LATEX Return Volatility

SOUTHERN LATEX historical daily return volatility represents how much SOUTHERN LATEX stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company accepts 0.0% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.8606% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About SOUTHERN LATEX Volatility

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

SOUTHERN LATEX Investment Opportunity

DOW has a standard deviation of returns of 1.86 and is 9.223372036854776E16 times more volatile than SOUTHERN LATEX LTD. of all equities and portfolios are less risky than SOUTHERN LATEX. Compared to the overall equity markets, volatility of historical daily returns of SOUTHERN LATEX LTD is lower than 0 () of all global equities and portfolios over the last 30 days. Use SOUTHERN LATEX LTD to enhance returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of SOUTHERN LATEX to be traded at 10.94 in 30 days. . Let's try to break down what SOUTHERN's beta means in this case. As returns on the market increase, returns on owning SOUTHERN LATEX are expected to decrease at a much lower rate. During the bear market, SOUTHERN LATEX is likely to outperform the market.

SOUTHERN LATEX correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding SOUTHERN LATEX LTD and equity matching DJI index in the same portfolio.

SOUTHERN LATEX Additional Risk Indicators

The analysis of various secondary risk indicators of SOUTHERN LATEX is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in SOUTHERN LATEX investment, and either accepting that risk or mitigating it. Along with some common measures of SOUTHERN LATEX stock 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 your existing portfolio. Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing the like to determine which investment holds the most risk.
Risk Adjusted Performance(1.08)
Market Risk Adjusted Performance43.38
Mean Deviation2.76
Coefficient Of Variation(197.38)
Standard Deviation3.63
Variance13.16
Information Ratio(0.58)

SOUTHERN LATEX 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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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page