Asm Pacific Technology Stock Volatility
| ASMVY Stock | USD 38.41 0.16 0.42% |
Asm Pacific appears to be very steady, given 3 months investment horizon. Asm Pacific Technology secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Asm Pacific's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Asm Pacific's Mean Deviation of 2.27, downside deviation of 2.74, and Risk Adjusted Performance of 0.1186 to double-check if our risk estimates are consistent with your expectations. Key indicators related to Asm Pacific's volatility include:
330 Days Market Risk | Chance Of Distress | 330 Days Economic Sensitivity |
Asm Pacific Pink Sheet 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 Asm daily returns, and it is calculated using variance and standard deviation. We also use Asm's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Asm Pacific volatility.
Asm |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Asm Pacific can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Asm Pacific at lower prices. For example, an investor can purchase Asm stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Asm Pacific's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving together with Asm Pink Sheet
| 0.85 | ASML | ASML Holding NV Financial Report 17th of July 2024 | PairCorr |
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| 0.91 | AMAT | Applied Materials Financial Report 16th of May 2024 | PairCorr |
| 0.88 | LRCX | Lam Research Corp Earnings Call This Week | PairCorr |
| 0.86 | KLAC | KLA Tencor Earnings Call This Week | PairCorr |
| 0.89 | TOELY | Tokyo Electron Earnings Call Next Week | PairCorr |
| 0.89 | TOELF | Tokyo Electron | PairCorr |
| 0.85 | ENTG | Entegris Financial Report 9th of May 2024 | PairCorr |
| 0.7 | ASMIY | ASM International | PairCorr |
Asm Pacific Market Sensitivity And Downside Risk
Asm Pacific's beta coefficient measures the volatility of Asm pink sheet compared to the systematic risk of the entire 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 Asm pink sheet's returns against your selected market. In other words, Asm Pacific's beta of 1.96 provides an investor with an approximation of how much risk Asm Pacific pink sheet can potentially add to one of your existing portfolios. Asm Pacific Technology currently demonstrates below-average downside deviation. It has Information Ratio of 0.16 and Jensen Alpha of 0.44. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Asm Pacific's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Asm Pacific's pink sheet price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Asm Pacific Technology Demand TrendCheck current 90 days Asm Pacific correlation with market (NYSE Composite)Asm Beta |
Asm standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity 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 | 3.09 |
It is essential to understand the difference between upside risk (as represented by Asm Pacific's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Asm Pacific's daily returns or price. Since the actual investment returns on holding a position in asm pink sheet 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 Pacific.
Asm Pacific Technology Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Asm Pacific pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Asm Pacific's price changes. Investors will then calculate the volatility of Asm Pacific's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet 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 Asm Pacific's volatility:
Historical Volatility
This type of pink sheet volatility measures Asm Pacific's fluctuations based on previous trends. It's commonly used to predict Asm Pacific's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Asm Pacific's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Asm Pacific's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Asm Pacific Technology Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Asm Pacific Projected Return Density Against Market
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.9599 . 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, Asm Pacific 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 Asm Pacific 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 Pacific's price will be affected by overall pink sheet 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 Asm pink sheet'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.
Asm Pacific Technology has an alpha of 0.442, implying that it can generate a 0.44 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Asm Pacific Price Volatility?
Several factors can influence a pink sheet's market 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.Asm Pacific Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of Asm Pacific is 562.25. The daily returns are distributed with a variance of 9.57 and standard deviation of 3.09. The mean deviation of Asm Pacific Technology is currently at 2.27. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.63
α | Alpha over NYSE Composite | 0.44 | |
β | Beta against NYSE Composite | 1.96 | |
σ | Overall volatility | 3.09 | |
Ir | Information ratio | 0.16 |
Asm Pacific Pink Sheet Return Volatility
Asm Pacific historical daily return volatility represents how much of Asm Pacific pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 3.0929% volatility of returns over 90 . By contrast, NYSE Composite accepts 0.6171% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Asm Pacific Volatility
Volatility is a rate at which the price of Asm Pacific 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 Pacific may increase or decrease. In other words, similar to Asm's beta indicator, it measures the risk of Asm Pacific and helps estimate the fluctuations that may happen in a short period of time. So if prices of Asm Pacific 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.ASMPT Limited, an investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries worldwide. ASMPT Limited was founded in 1975 and is based in Tsing Yi, Hong Kong. Asmpt operates under Semiconductor Equipment Materials classification in the United States and is traded on OTC Exchange. It employs 11500 people.
Asm Pacific's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Asm Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Asm Pacific's price varies over time.
3 ways to utilize Asm Pacific's volatility to invest better
Higher Asm Pacific's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Asm Pacific Technology stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Asm Pacific Technology stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Asm Pacific Technology investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Asm Pacific's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Asm Pacific's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Asm Pacific Investment Opportunity
Asm Pacific Technology has a volatility of 3.09 and is 4.98 times more volatile than NYSE Composite. 27 percent of all equities and portfolios are less risky than Asm Pacific. You can use Asm Pacific Technology to enhance the returns of your portfolios. The pink sheet experiences a normal upward fluctuation. Check odds of Asm Pacific to be traded at $40.33 in 90 days.Very weak diversification
The correlation between Asm Pacific Technology and NYA is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asm Pacific Technology and NYA in the same portfolio, assuming nothing else is changed.
Asm Pacific Additional Risk Indicators
The analysis of Asm Pacific'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 Pacific's investment and either accepting that risk or mitigating it. Along with some common measures of Asm Pacific pink sheet's 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 Performance | 0.1186 | |||
| Market Risk Adjusted Performance | 0.281 | |||
| Mean Deviation | 2.27 | |||
| Semi Deviation | 2.22 | |||
| Downside Deviation | 2.74 | |||
| Coefficient Of Variation | 570.07 | |||
| Standard Deviation | 3.09 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Asm Pacific 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.
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 Pacific 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 Pacific'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 Pacific'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 Pacific Technology.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asm Pacific Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Asm Pink Sheet analysis
When running Asm Pacific's price analysis, check to measure Asm Pacific'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 Pacific is operating at the current time. Most of Asm Pacific's value examination focuses on studying past and present price action to predict the probability of Asm Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asm Pacific's price. Additionally, you may evaluate how the addition of Asm Pacific to your portfolios can decrease your overall portfolio volatility.
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