One Gas Stock Volatility
| OGS Stock | USD 62.29 0.84 1.37% |
We consider One Gas very steady. One Gas maintains Sharpe Ratio (i.e., Efficiency) of 0.0602, which implies the firm had a 0.0602% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for One Gas, which you can use to evaluate the volatility of the company. Please check One Gas' Semi Deviation of 1.62, risk adjusted performance of 0.0243, and Coefficient Of Variation of 3388.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.0879%. Key indicators related to One Gas' volatility include:
60 Days Market Risk | Chance Of Distress | 60 Days Economic Sensitivity |
One Gas 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 One daily returns, and it is calculated using variance and standard deviation. We also use One's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of One Gas volatility.
One |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as One Gas 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 One Gas at lower prices. For example, an investor can purchase One 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 One Gas' 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 One Stock
| 0.87 | NI | NiSource Financial Report 1st of May 2024 | PairCorr |
| 0.74 | SR | Spire Inc Financial Report 1st of May 2024 | PairCorr |
| 0.89 | ATO | Atmos Energy Financial Report 1st of May 2024 | PairCorr |
| 0.81 | BKH | Black Hills Financial Report 1st of May 2024 | PairCorr |
| 0.72 | CPK | Chesapeake Utilities Financial Report 1st of May 2024 | PairCorr |
| 0.8 | NJR | NewJersey Resources Financial Report 2nd of May 2024 | PairCorr |
Moving against One Stock
| 0.49 | NFE | New Fortress Energy Financial Report 2nd of May 2024 | PairCorr |
One Gas Market Sensitivity And Downside Risk
One Gas' beta coefficient measures the volatility of One 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 One stock's returns against your selected market. In other words, One Gas's beta of 1.36 provides an investor with an approximation of how much risk One Gas stock can potentially add to one of your existing portfolios. One Gas has relatively low volatility with skewness of -0.85 and kurtosis of 1.98. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure One Gas' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact One Gas' 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 One Gas Demand TrendCheck current 90 days One Gas correlation with market (NYSE Composite)One Beta |
One 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 | 1.46 |
It is essential to understand the difference between upside risk (as represented by One Gas's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of One Gas' daily returns or price. Since the actual investment returns on holding a position in one 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 One Gas.
Using One Put Option to Manage Risk
Put options written on One Gas grant holders of the option the right to sell a specified amount of One Gas 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 One Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge One Gas' 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 One Gas will be realized, the loss incurred will be offset by the profits made with the option trade.
One Gas' PUT expiring on 2024-04-19
Profit |
| One Gas Price At Expiration |
Current One Gas Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-04-19 PUT at $65.0 | -0.9997 | 0.0857 | 10 | 2024-04-19 | 1.2 - 5.9 | 5.64 | View |
Put | 2024-04-19 PUT at $60.0 | -0.2204 | 0.1523 | 8 | 2024-04-19 | 0.1 - 0.4 | 1.17 | View |
Put | 2024-04-19 PUT at $55.0 | -0.033 | 0.0195 | 51 | 2024-04-19 | 0.0 - 0.2 | 0.05 | View |
One Gas Stock Volatility Analysis
Volatility refers to the frequency at which One Gas stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with One Gas' price changes. Investors will then calculate the volatility of One Gas' 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 One Gas' volatility:
Historical Volatility
This type of stock volatility measures One Gas' fluctuations based on previous trends. It's commonly used to predict One Gas' 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 One Gas' 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 One Gas' 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. One Gas 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.
One Gas Projected Return Density Against Market
Considering the 90-day investment horizon the stock has the beta coefficient of 1.3608 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, One Gas will likely underperform.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 One Gas or Gas Utilities 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 One Gas' 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 One 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.
One Gas 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 an One Gas 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.One Gas Stock Risk Measures
Considering the 90-day investment horizon the coefficient of variation of One Gas is 1660.13. The daily returns are distributed with a variance of 2.13 and standard deviation of 1.46. The mean deviation of One Gas is currently at 1.08. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.63
α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 1.36 | |
σ | Overall volatility | 1.46 | |
Ir | Information ratio | -0.0082 |
One Gas Stock Return Volatility
One Gas historical daily return volatility represents how much of One Gas stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm has volatility of 1.4587% on return distribution over 90 days investment horizon. By contrast, NYSE Composite accepts 0.6171% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About One Gas Volatility
Volatility is a rate at which the price of One Gas 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 One Gas may increase or decrease. In other words, similar to One's beta indicator, it measures the risk of One Gas and helps estimate the fluctuations that may happen in a short period of time. So if prices of One Gas 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 | ||
| Market Cap | 3.8 B | 3.2 B |
One Gas' 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 One Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much One Gas' price varies over time.
3 ways to utilize One Gas' volatility to invest better
Higher One Gas' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of One Gas 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. One Gas 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 One Gas investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in One Gas' 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 One Gas' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
One Gas Investment Opportunity
One Gas has a volatility of 1.46 and is 2.35 times more volatile than NYSE Composite. Compared to the overall equity markets, volatility of historical daily returns of One Gas is lower than 12 percent of all global equities and portfolios over the last 90 days. You can use One Gas to enhance the returns of your portfolios. The stock experiences a large bullish trend. Check odds of One Gas to be traded at $68.52 in 90 days.Very weak diversification
The correlation between One Gas and NYA is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding One Gas and NYA in the same portfolio, assuming nothing else is changed.
One Gas Additional Risk Indicators
The analysis of One Gas' 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 One Gas' investment and either accepting that risk or mitigating it. Along with some common measures of One Gas 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 | 0.0243 | |||
| Market Risk Adjusted Performance | 0.0345 | |||
| Mean Deviation | 1.1 | |||
| Semi Deviation | 1.62 | |||
| Downside Deviation | 1.69 | |||
| Coefficient Of Variation | 3388.48 | |||
| Standard Deviation | 1.47 |
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.
One Gas 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.
| Walker Dunlop vs. One Gas | ||
| Ford vs. One Gas | ||
| Citigroup vs. One Gas | ||
| Alphabet vs. One Gas | ||
| Bank of America vs. One Gas | ||
| Salesforce vs. One Gas | ||
| Visa vs. One Gas | ||
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 One Gas 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. One Gas' 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, One Gas' 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 One Gas.
When determining whether One Gas is a strong investment it is important to analyze One Gas' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact One Gas' future performance. For an informed investment choice regarding One Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in One Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy One Stock please use our How to Invest in One Gas guide.Note that the One Gas information on this page should be used as a complementary analysis to other One Gas' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for One Stock analysis
When running One Gas' price analysis, check to measure One Gas' 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 One Gas is operating at the current time. Most of One Gas' value examination focuses on studying past and present price action to predict the probability of One Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move One Gas' price. Additionally, you may evaluate how the addition of One Gas to your portfolios can decrease your overall portfolio volatility.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Stocks Directory Find actively traded stocks across global markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Is One Gas' 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 One Gas. If investors know One 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 One Gas 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 0.034 | Dividend Share 2.6 | Earnings Share 4.14 | Revenue Per Share 42.662 | Quarterly Revenue Growth (0.26) |
The market value of One Gas is measured differently than its book value, which is the value of One that is recorded on the company's balance sheet. Investors also form their own opinion of One Gas' value that differs from its market value or its book value, called intrinsic value, which is One Gas' 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 One Gas' market value can be influenced by many factors that don't directly affect One Gas' 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 One Gas' value and its price as these two are different measures arrived at by different means. Investors typically determine if One Gas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, One Gas' 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.