KGI SECURITIES (Taiwan) Volatility

087347 -  Taiwan Stock  

TWD 0.14  0.01  7.69%

KGI SECURITIES CW has Sharpe Ratio of -0.58, which conveys that the firm had -0.58% of return per unit of risk over the last 3 months. Macroaxis standpoint towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. KGI SECURITIES exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify KGI SECURITIES CW to check out the risk estimate we provide.

087347 Volatility 

 
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KGI SECURITIES 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 087347 daily returns, and it is calculated using variance and standard deviation. We also use 087347's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of KGI SECURITIES volatility.

KGI SECURITIES CW Stock Volatility Analysis

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KGI SECURITIES Projected Return Density Against Market

Assuming the 90 days trading horizon KGI SECURITIES has a beta of 0.1748 . This suggests as returns on the market go up, KGI SECURITIES average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding KGI SECURITIES CW will be expected to be much smaller as well.
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 KGI SECURITIES or KGI SECURITIES CW 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 KGI SECURITIES 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 087347 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.
It does not look like the company alpha can have any bearing on the current equity valuation.
 Predicted Return Density 
      Returns 

KGI SECURITIES Stock 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 KGI SECURITIES or KGI SECURITIES CW 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 KGI SECURITIES 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 087347 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 90 days trading horizon the coefficient of variation of KGI SECURITIES is -173.21. The daily returns are distributed with a variance of 14.81 and standard deviation of 3.85. The mean deviation of KGI SECURITIES CW is currently at 2.96. For similar time horizon, the selected benchmark (DOW) has volatility of 0.79
α
Alpha over DOW
0.00
β
Beta against DOW0.17
σ
Overall volatility
3.85
Ir
Information ratio 0.00

KGI SECURITIES Stock Return Volatility

KGI SECURITIES historical daily return volatility represents how much KGI SECURITIES 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 3.849% volatility on return distribution over the 90 days horizon. By contrast, DOW inherits 0.7465% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About KGI SECURITIES Volatility

Volatility is a rate at which the price of KGI SECURITIES 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 KGI SECURITIES may increase or decrease. In other words, similar to 087347's beta indicator, it measures the risk of KGI SECURITIES and helps estimate the fluctuations that may happen in a short period of time. So if prices of KGI SECURITIES 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.

KGI SECURITIES Investment Opportunity

KGI SECURITIES CW has a volatility of 3.85 and is 5.13 times more volatile than DOW. 32  of all equities and portfolios are less risky than KGI SECURITIES. Compared to the overall equity markets, volatility of historical daily returns of KGI SECURITIES CW is lower than 32 () of all global equities and portfolios over the last 90 days. Use KGI SECURITIES CW to enhance returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of KGI SECURITIES to be traded at NT$0.175 in 90 days. . Let's try to break down what 087347's beta means in this case. As returns on the market increase, KGI SECURITIES returns are expected to increase less than the market. However, during the bear market, the loss on holding KGI SECURITIES will be expected to be smaller as well.

Average diversification

The correlation between KGI SECURITIES CW 101121BIZ and DJI is Average diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KGI SECURITIES CW 101121BIZ and DJI in the same portfolio assuming nothing else is changed.

KGI SECURITIES Additional Risk Indicators

The analysis of KGI SECURITIES's 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 KGI SECURITIES's investment and either accepting that risk or mitigating it. Along with some common measures of KGI SECURITIES 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 the risk of your existing portfolios.
Coefficient Of Variation0.0
Maximum Drawdown0.0
Potential Upside0.0
Skewness0.0
Kurtosis0.0
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 similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

KGI SECURITIES 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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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 KGI SECURITIES 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. KGI SECURITIES's 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, KGI SECURITIES's 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 KGI SECURITIES CW.
Please continue to Trending Equities. Note that the KGI SECURITIES CW information on this page should be used as a complementary analysis to other KGI SECURITIES's 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Other Tools for 087347 Stock

When running KGI SECURITIES CW price analysis, check to measure KGI SECURITIES's 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 KGI SECURITIES is operating at the current time. Most of KGI SECURITIES's value examination focuses on studying past and present price action to predict the probability of KGI SECURITIES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move KGI SECURITIES's price. Additionally, you may evaluate how the addition of KGI SECURITIES to your portfolios can decrease your overall portfolio volatility.
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