SONAM Volatility

SC
SONAMCLOCK-SM -- India Stock  

INR 38.75  0.50  1.27%

We consider SONAM CLOCK very steady. SONAM CLOCK LTD owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0044, which indicates the firm had 0.0044% of return per unit of standard deviation over the last 3 months. 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 SONAM CLOCK LTD, which you can use to evaluate future volatility of the company. Please validate SONAM CLOCK coefficient of variation of 666.5, and risk adjusted performance of 0.2627 to confirm if the risk estimate we provide is consistent with the expected return of 0.0042%.

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

SONAM CLOCK Market Sensitivity And Downside Risk

SONAM CLOCK LTD beta coefficient measures the volatility of SONAM 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 SONAM stock's returns against your selected market. In other words, SONAM CLOCK's beta of 0.0268 provides an investor with an approximation of how much risk SONAM CLOCK stock can potentially add to one of your existing portfolios. Let's try to break down what SONAM's beta means in this case. As returns on the market increase, SONAM CLOCK returns are expected to increase less than the market. However, during the bear market, the loss on holding SONAM CLOCK will be expected to be smaller as well.
3 Months Beta |Analyze SONAM CLOCK LTD Demand Trend
Check current 30 days SONAM CLOCK correlation with market (DOW)
β

Current SONAM CLOCK Beta Coefficient

 = 

SONAM CLOCK Central Daily Price Deviations

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

SONAM CLOCK LTD Volatility Analysis

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SONAM CLOCK Projected Return Density Against Market

Assuming the 30 trading days horizon, SONAM CLOCK has a beta of 0.0268 . This usually implies as returns on the market go up, SONAM CLOCK average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SONAM CLOCK LTD will be expected to be much smaller as well. Moreover, 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 SONAM CLOCK or SONAM CLOCK 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 SONAM CLOCK 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 SONAM 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 an alpha of 0.1085, implying that it can potentially generate 0.11% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

SONAM CLOCK 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 SONAM CLOCK or SONAM CLOCK 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 SONAM CLOCK 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 SONAM 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 SONAM CLOCK is 22905.73. The daily returns are destributed with a variance of 0.92 and standard deviation of 0.96. The mean deviation of SONAM CLOCK LTD is currently at 0.59. For similar time horizon, the selected benchmark (DOW) has volatility of 1.83
α
Alpha over DOW
=0.11
β
Beta against DOW=0.0268
σ
Overall volatility
=0.96
Ir
Information ratio =-0.12

SONAM CLOCK Return Volatility

SONAM CLOCK historical daily return volatility represents how much SONAM CLOCK 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 0.9579% volatility on return distribution over the 30 days horizon. By contrast, DOW inherits 1.8461% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

About SONAM CLOCK Volatility

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

SONAM CLOCK Investment Opportunity

DOW has a standard deviation of returns of 1.85 and is 1.93 times more volatile than SONAM CLOCK LTD. of all equities and portfolios are less risky than SONAM CLOCK. Compared to the overall equity markets, volatility of historical daily returns of SONAM CLOCK LTD is lower than 8 () of all global equities and portfolios over the last 30 days. Use SONAM CLOCK LTD to protect your portfolios against small markets fluctuations. The stock experiences a somewhat bearish sentiment, but market may correct it shortly. Check odds of SONAM CLOCK to be traded at 37.59 in 30 days. . Let's try to break down what SONAM's beta means in this case. As returns on the market increase, SONAM CLOCK returns are expected to increase less than the market. However, during the bear market, the loss on holding SONAM CLOCK will be expected to be smaller as well.

SONAM CLOCK correlation with market

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

SONAM CLOCK Additional Risk Indicators

The analysis of various secondary risk indicators of SONAM CLOCK is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in SONAM CLOCK investment, and either accepting that risk or mitigating it. Along with some common measures of SONAM CLOCK 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 Performance0.2627
Market Risk Adjusted Performance4.27
Mean Deviation0.5098
Coefficient Of Variation666.5
Standard Deviation0.827
Variance0.684
Information Ratio(0.12)

SONAM CLOCK 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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