NEOVACS SA (UK) Volatility

NEOVACS SA NEOVACS has Sharpe Ratio of -0.58, which conveys that the firm had -0.58% of return per unit of volatility over the last 3 months. Macroaxis approach 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. NEOVACS SA exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify NEOVACS SA NEOVACS to check out the risk estimate we provide.
  
NEOVACS SA 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 NEOVACS daily returns, and it is calculated using variance and standard deviation. We also use NEOVACS's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of NEOVACS SA volatility.

NEOVACS SA NEOVACS Stock Volatility Analysis

Volatility refers to the frequency at which NEOVACS SA stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with NEOVACS SA's price changes. Investors will then calculate the volatility of NEOVACS SA's 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 NEOVACS SA's volatility:

Historical Volatility

This type of stock volatility measures NEOVACS SA's fluctuations based on previous trends. It's commonly used to predict NEOVACS SA's 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 NEOVACS SA's current market price. This means that the stock will return to its initially predicted market price.
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NEOVACS SA Projected Return Density Against Market

Assuming the 90 days trading horizon NEOVACS SA NEOVACS has a beta of -0.2097 . This suggests as returns on benchmark increase, returns on holding NEOVACS SA are expected to decrease at a much lower rate. During the bear market, however, NEOVACS SA NEOVACS is likely to outperform the market.
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 NEOVACS SA or NEOVACS SA NEOVACS 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 NEOVACS SA 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 NEOVACS 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  
NEOVACS SA's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how NEOVACS SA stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Company's Stock Price Volatility?

Several factors can influence a company's stock 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.

NEOVACS SA 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 NEOVACS SA or NEOVACS SA NEOVACS 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 NEOVACS SA 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 NEOVACS 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 NEOVACS SA is -173.21. The daily returns are distributed with a variance of 30.23 and standard deviation of 5.5. The mean deviation of NEOVACS SA NEOVACS is currently at 4.23. For similar time horizon, the selected benchmark (DOW) has volatility of 1.31
α
Alpha over DOW
0.00
β
Beta against DOW-0.21
σ
Overall volatility
5.50
Ir
Information ratio 0.00

NEOVACS SA Stock Return Volatility

NEOVACS SA historical daily return volatility represents how much NEOVACS SA stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company assumes 5.4986% volatility of returns over the 90 days investment horizon. By contrast, DOW inherits 1.2594% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
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About NEOVACS SA Volatility

Volatility is a rate at which the price of NEOVACS SA 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 NEOVACS SA may increase or decrease. In other words, similar to NEOVACS's beta indicator, it measures the risk of NEOVACS SA and helps estimate the fluctuations that may happen in a short period of time. So if prices of NEOVACS SA 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.
Neovacs S.A., a biotechnology company, focuses on the development of therapeutic vaccines for the treatment of autoimmune, inflammatory, allergy, and cancer diseases in France. Neovacs S.A. was founded in 1993 and is based in Paris, France. NEOVACS SA is traded on London Stock Exchange in UK.

NEOVACS SA Investment Opportunity

NEOVACS SA NEOVACS has a volatility of 5.5 and is 4.37 times more volatile than DOW. 47  of all equities and portfolios are less risky than NEOVACS SA. Compared to the overall equity markets, volatility of historical daily returns of NEOVACS SA NEOVACS is lower than 47 () of all global equities and portfolios over the last 90 days.

NEOVACS SA Additional Risk Indicators

The analysis of NEOVACS SA'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 NEOVACS SA's investment and either accepting that risk or mitigating it. Along with some common measures of NEOVACS SA 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
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Potential Upside0.0
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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.

NEOVACS SA 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 NEOVACS SA 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. NEOVACS SA'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, NEOVACS SA'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 NEOVACS SA NEOVACS.
Please continue to Trending Equities. Note that the NEOVACS SA NEOVACS information on this page should be used as a complementary analysis to other NEOVACS SA'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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

Other Tools for NEOVACS Stock

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