ASMIY OTC Stock Volatility

ASMIY -  USA Stock  

USD 391.91  4.41  1.14%

ASM INTERNATIONAL appears to be very steady, given 3 months investment horizon. ASM INTERNATIONAL secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had 0.14% of return per unit of return volatility over the last 3 months. Our viewpoint regarding foreseeing 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-eight technical indicators for ASM INTERNATIONAL NV, which you can use to evaluate the future volatility of the firm. Please makes use of ASM INTERNATIONAL's Risk Adjusted Performance of 0.0818, mean deviation of 1.78, and Semi Deviation of 2.34 to double-check if our risk estimates are consistent with your expectations.

ASMIY Volatility 

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

720 Days Market Risk

Very steady

Chance of Distress

Close to Average

720 Days Economic Sensitivity

Almost mirrors the market

ASM INTERNATIONAL Market Sensitivity And Downside Risk

ASM INTERNATIONAL's beta coefficient measures the volatility of ASMIY 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 ASMIY otc stock's returns against your selected market. In other words, ASM INTERNATIONAL's beta of 1.08 provides an investor with an approximation of how much risk ASM INTERNATIONAL otc stock can potentially add to one of your existing portfolios.
Let's try to break down what ASMIY's beta means in this case. ASM INTERNATIONAL returns are very sensitive to returns on the market. As the market goes up or down, ASM INTERNATIONAL is expected to follow.
3 Months Beta |Analyze ASM INTERNATIONAL Demand Trend
Check current 90 days ASM INTERNATIONAL correlation with market (DOW)

ASMIY Beta

    
  1.08  
ASMIY 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

    
  2.23  
It is essential to understand the difference between upside risk (as represented by ASM INTERNATIONAL's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of ASM INTERNATIONAL stock's daily returns or price. Since the actual investment returns on holding a position in ASM INTERNATIONAL 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 ASM INTERNATIONAL.

ASM INTERNATIONAL OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of ASM INTERNATIONAL price series. View also all equity analysis or get more info about median price price transform indicator.

ASM INTERNATIONAL Projected Return Density Against Market

Assuming the 90 days horizon the otc stock has the beta coefficient of 1.0814 . This suggests ASM INTERNATIONAL NV market returns are sensitive to returns on the market. As the market goes up or down, ASM INTERNATIONAL is expected to follow.
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 ASM INTERNATIONAL or Technology 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 ASM INTERNATIONAL 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 ASMIY 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 0.2033, implying that it can generate a 0.2 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

ASM INTERNATIONAL 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 ASM INTERNATIONAL or Technology 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 ASM INTERNATIONAL 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 ASMIY 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 ASM INTERNATIONAL is 719.69. The daily returns are distributed with a variance of 4.99 and standard deviation of 2.23. The mean deviation of ASM INTERNATIONAL NV is currently at 1.69. For similar time horizon, the selected benchmark (DOW) has volatility of 0.79
α
Alpha over DOW
0.20
β
Beta against DOW1.08
σ
Overall volatility
2.23
Ir
Information ratio 0.09

ASM INTERNATIONAL OTC Stock Return Volatility

ASM INTERNATIONAL historical daily return volatility represents how much ASM INTERNATIONAL stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company shows 2.2347% volatility of returns over 90 . By contrast, DOW inherits 0.7351% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About ASM INTERNATIONAL Volatility

Volatility is a rate at which the price of ASM INTERNATIONAL 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 ASM INTERNATIONAL may increase or decrease. In other words, similar to ASMIY's beta indicator, it measures the risk of ASM INTERNATIONAL and helps estimate the fluctuations that may happen in a short period of time. So if prices of ASM INTERNATIONAL 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.
ASM International NV, together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices. ASM International NV was founded in 1968 and is headquartered in Almere, the Netherlands. ASM INTERNATIONAL operates under Semiconductor Equipment Materials classification in the United States and is traded on OTC Exchange. It employs 2780 people.

ASM INTERNATIONAL Investment Opportunity

ASM INTERNATIONAL NV has a volatility of 2.23 and is 3.01 times more volatile than DOW. 19  of all equities and portfolios are less risky than ASM INTERNATIONAL. Compared to the overall equity markets, volatility of historical daily returns of ASM INTERNATIONAL NV is lower than 19 () of all global equities and portfolios over the last 90 days. Use ASM INTERNATIONAL NV to enhance returns of your portfolios. The otc stock experiences a large bullish trend. Check odds of ASM INTERNATIONAL to be traded at $431.1 in 90 days. . Let's try to break down what ASMIY's beta means in this case. ASM INTERNATIONAL returns are very sensitive to returns on the market. As the market goes up or down, ASM INTERNATIONAL is expected to follow.

Weak diversification

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

ASM INTERNATIONAL Additional Risk Indicators

The analysis of ASM INTERNATIONAL'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 ASM INTERNATIONAL's investment and either accepting that risk or mitigating it. Along with some common measures of ASM INTERNATIONAL 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 Performance0.0818
Market Risk Adjusted Performance0.2043
Mean Deviation1.78
Semi Deviation2.34
Downside Deviation2.61
Coefficient Of Variation1048.32
Standard Deviation2.31
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.

ASM INTERNATIONAL 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 ASM INTERNATIONAL 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. ASM INTERNATIONAL'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, ASM INTERNATIONAL'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 ASM INTERNATIONAL NV.
Please continue to Trending Equities. Note that the ASM INTERNATIONAL information on this page should be used as a complementary analysis to other ASM INTERNATIONAL'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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