HESTER Volatility

HB
HESTERBIO-EQ -- India Stock  

INR 1,237  0.049951  0.004%

HESTER BIOSCIENCES is very steady given 3 months investment horizon. HESTER BIOSCIENCES holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had 0.23% of return per unit of volatility over the last 3 months. Our viewpoint regarding determining the volatility of a stock is to use HESTER BIOSCIENCES market data together with company specific technical indicators. We were able to analyze and collect data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 2.69% are justified by taking the suggested risk. Use HESTER BIOSCIENCES risk adjusted performance of (0.04465), and market risk adjusted performance of (1.41) to evaluate company specific risk that cannot be diversified away.

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

HESTER BIOSCIENCES Market Sensitivity And Downside Risk

HESTER BIOSCIENCES beta coefficient measures the volatility of HESTER 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 HESTER stock's returns against your selected market. In other words, HESTER BIOSCIENCES's beta of 0.3 provides an investor with an approximation of how much risk HESTER BIOSCIENCES stock can potentially add to one of your existing portfolios. Let's try to break down what HESTER's beta means in this case. As returns on the market increase, HESTER BIOSCIENCES returns are expected to increase less than the market. However, during the bear market, the loss on holding HESTER BIOSCIENCES will be expected to be smaller as well.
3 Months Beta |Analyze HESTER BIOSCIENCES Demand Trend
Check current 30 days HESTER BIOSCIENCES correlation with market (DOW)
β

Current HESTER BIOSCIENCES Beta Coefficient

 = 

HESTER BIOSCIENCES Central Daily Price Deviations

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

HESTER BIOSCIENCES Volatility Analysis

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HESTER BIOSCIENCES Projected Return Density Against Market

Assuming the 30 trading days horizon, HESTER BIOSCIENCES has a beta of 0.2952 . This usually indicates as returns on the market go up, HESTER BIOSCIENCES average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding HESTER BIOSCIENCES will be expected to be much smaller as well. 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 HESTER BIOSCIENCES or HESTER BIOSCIENCES 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 HESTER BIOSCIENCES 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 HESTER 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. HESTER BIOSCIENCES is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

HESTER BIOSCIENCES 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 HESTER BIOSCIENCES or HESTER BIOSCIENCES 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 HESTER BIOSCIENCES 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 HESTER 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 HESTER BIOSCIENCES is 428.37. The daily returns are destributed with a variance of 132.5 and standard deviation of 11.51. The mean deviation of HESTER BIOSCIENCES is currently at 7.22. For similar time horizon, the selected benchmark (DOW) has volatility of 2.14
α
Alpha over DOW
=-0.5
β
Beta against DOW=0.30
σ
Overall volatility
=11.51
Ir
Information ratio =-0.04

HESTER BIOSCIENCES Return Volatility

HESTER BIOSCIENCES historical daily return volatility represents how much HESTER BIOSCIENCES 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 11.5107% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.8316% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About HESTER BIOSCIENCES Volatility

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

HESTER BIOSCIENCES Investment Opportunity

HESTER BIOSCIENCES has a volatility of 11.51 and is 6.29 times more volatile than DOW. 96  of all equities and portfolios are less risky than HESTER BIOSCIENCES. Compared to the overall equity markets, volatility of historical daily returns of HESTER BIOSCIENCES is higher than 96 () of all global equities and portfolios over the last 30 days. Use HESTER BIOSCIENCES to enhance returns of your portfolios. The stock experiences a normal upward fluctuation. Check odds of HESTER BIOSCIENCES to be traded at 1298.69 in 30 days. . Let's try to break down what HESTER's beta means in this case. As returns on the market increase, HESTER BIOSCIENCES returns are expected to increase less than the market. However, during the bear market, the loss on holding HESTER BIOSCIENCES will be expected to be smaller as well.

HESTER BIOSCIENCES correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding HESTER BIOSCIENCES and equity matching DJI index in the same portfolio.

HESTER BIOSCIENCES Additional Risk Indicators

The analysis of various secondary risk indicators of HESTER BIOSCIENCES is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in HESTER BIOSCIENCES investment, and either accepting that risk or mitigating it. Along with some common measures of HESTER BIOSCIENCES 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(0.04465)
Market Risk Adjusted Performance(1.41)
Mean Deviation9.64
Coefficient Of Variation(4,007)
Standard Deviation16.39
Variance268.48
Information Ratio(0.04153)

HESTER BIOSCIENCES 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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Please check Risk vs Return Analysis. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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