AAZZF OTC Stock Volatility

AAZZF -  USA Stock  

USD 6.42  0.10  1.58%

A2Z Smart Technologies secures Sharpe Ratio (or Efficiency) of -0.0606, which signifies that the company had -0.0606% of return per unit of volatility over the last 3 months. Macroaxis philosophy in foreseeing 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. A2Z Smart Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm A2Z Smart Technologies Mean Deviation of 7.0, market risk adjusted performance of 0.6369, and Coefficient Of Variation of 946.41 to double-check the risk estimate we provide.

AAZZF Volatility 

 
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A2Z Smart OTC 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 AAZZF daily returns, and it is calculated using variance and standard deviation. We also use AAZZF's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of A2Z Smart volatility.

60 Days Market Risk

Slightly risky

Chance of Distress

High

60 Days Economic Sensitivity

Hyperactively responds to market trends

A2Z Smart Market Sensitivity And Downside Risk

A2Z Smart's beta coefficient measures the volatility of AAZZF otc 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 AAZZF otc stock's returns against your selected market. In other words, A2Z Smart's beta of 4.23 provides an investor with an approximation of how much risk A2Z Smart otc stock can potentially add to one of your existing portfolios.
Let's try to break down what AAZZF's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, A2Z Smart will likely underperform.
3 Months Beta |Analyze A2Z Smart Technologies Demand Trend
Check current 90 days A2Z Smart correlation with market (DOW)

AAZZF Beta

    
  4.23  
AAZZF standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity 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

    
  4.19  
It is essential to understand the difference between upside risk (as represented by A2Z Smart's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of A2Z Smart stock's daily returns or price. Since the actual investment returns on holding a position in A2Z Smart 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 A2Z Smart.

A2Z Smart Technologies OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of A2Z Smart Technologies high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only A2Z Smart closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

A2Z Smart Projected Return Density Against Market

Assuming the 90 days horizon the otc stock has the beta coefficient of 4.2256 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, A2Z Smart 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 A2Z Smart or Industrials 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 A2Z Smart 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 AAZZF 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 2.5346, implying that it can generate a 2.53 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

A2Z Smart OTC 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 A2Z Smart or Industrials 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 A2Z Smart 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 AAZZF 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 horizon the coefficient of variation of A2Z Smart is -1649.66. The daily returns are distributed with a variance of 17.57 and standard deviation of 4.19. The mean deviation of A2Z Smart Technologies is currently at 2.82. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
α
Alpha over DOW
2.53
β
Beta against DOW4.23
σ
Overall volatility
4.19
Ir
Information ratio 0.10

A2Z Smart OTC Stock Return Volatility

A2Z Smart historical daily return volatility represents how much A2Z Smart stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm shows 4.1912% volatility of returns over 90 . By contrast, DOW inherits 0.7185% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About A2Z Smart Volatility

Volatility is a rate at which the price of A2Z Smart 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 A2Z Smart may increase or decrease. In other words, similar to AAZZF's beta indicator, it measures the risk of A2Z Smart and helps estimate the fluctuations that may happen in a short period of time. So if prices of A2Z Smart 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.
A2Z Smart Technologies Corp. provides services in the field of advanced engineering capabilities to the militarysecurity markets and governmental agencies in Israel. A2Z Smart Technologies Corp. is headquartered in Vancouver, Canada. A2Z Smart is traded on OTC Exchange in the United States.

A2Z Smart Investment Opportunity

A2Z Smart Technologies has a volatility of 4.19 and is 5.82 times more volatile than DOW. 35  of all equities and portfolios are less risky than A2Z Smart. Compared to the overall equity markets, volatility of historical daily returns of A2Z Smart Technologies is lower than 35 () of all global equities and portfolios over the last 90 days. Use A2Z Smart Technologies to enhance returns of your portfolios. The otc stock experiences a large bullish trend. Check odds of A2Z Smart to be traded at $7.06 in 90 days. . Let's try to break down what AAZZF's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, A2Z Smart will likely underperform.

Average diversification

The correlation between A2Z Smart Technologies and DJI is Average diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding A2Z Smart Technologies and DJI in the same portfolio assuming nothing else is changed.

A2Z Smart Additional Risk Indicators

The analysis of A2Z Smart'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 A2Z Smart's investment and either accepting that risk or mitigating it. Along with some common measures of A2Z Smart 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.
Risk Adjusted Performance0.0844
Market Risk Adjusted Performance0.6369
Mean Deviation7.0
Semi Deviation2.87
Downside Deviation4.11
Coefficient Of Variation946.41
Standard Deviation25.17
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.

A2Z Smart 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 A2Z Smart 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. A2Z Smart'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, A2Z Smart'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 A2Z Smart Technologies.
Please continue to Trending Equities. Note that the A2Z Smart Technologies information on this page should be used as a complementary analysis to other A2Z Smart'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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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When running A2Z Smart Technologies price analysis, check to measure A2Z Smart'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 A2Z Smart is operating at the current time. Most of A2Z Smart's value examination focuses on studying past and present price action to predict the probability of A2Z Smart's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move A2Z Smart's price. Additionally, you may evaluate how the addition of A2Z Smart to your portfolios can decrease your overall portfolio volatility.
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The market value of A2Z Smart Technologies is measured differently than its book value, which is the value of AAZZF that is recorded on the company's balance sheet. Investors also form their own opinion of A2Z Smart's value that differs from its market value or its book value, called intrinsic value, which is A2Z Smart's 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 A2Z Smart's market value can be influenced by many factors that don't directly affect A2Z Smart Technologies underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between A2Z Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine A2Z Smart value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, A2Z Smart's 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.