Eastside Stock Volatility

EAST -  USA Stock  

USD 2.72  0.15  5.84%

Eastside Distilling secures Sharpe Ratio (or Efficiency) of -0.0786, which denotes the company had -0.0786% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting 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. Eastside Distilling exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Eastside Distilling coefficient of variation of (1,731), and Mean Deviation of 3.43 to check the risk estimate we provide.

Eastside Volatility 

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

720 Days Market Risk

Risky

Chance of Distress

Above Average

720 Days Economic Sensitivity

Slowly supersedes the market

Eastside Distilling Market Sensitivity And Downside Risk

Eastside Distilling's beta coefficient measures the volatility of Eastside 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 Eastside stock's returns against your selected market. In other words, Eastside Distilling's beta of 0.43 provides an investor with an approximation of how much risk Eastside Distilling stock can potentially add to one of your existing portfolios.
Let's try to break down what Eastside's beta means in this case. As returns on the market increase, Eastside Distilling returns are expected to increase less than the market. However, during the bear market, the loss on holding Eastside Distilling will be expected to be smaller as well.
3 Months Beta |Analyze Eastside Distilling Demand Trend
Check current 90 days Eastside Distilling correlation with market (DOW)

Eastside Beta

    
  0.43  
Eastside 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

    
  5.13  
It is essential to understand the difference between upside risk (as represented by Eastside Distilling's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Eastside Distilling stock's daily returns or price. Since the actual investment returns on holding a position in Eastside Distilling 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 Eastside Distilling.

Eastside Distilling Implied Volatility

    
  88.85  
Eastside Distilling's implied volatility exposes the market's sentiment of Eastside Distilling stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Eastside Distilling's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Eastside Distilling stock will not fluctuate a lot when Eastside Distilling's options near their expiration.

Eastside Distilling 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 Eastside Distilling price series. View also all equity analysis or get more info about median price price transform indicator.

Eastside Distilling Projected Return Density Against Market

Given the investment horizon of 90 days Eastside Distilling has a beta of 0.4304 suggesting as returns on the market go up, Eastside Distilling average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eastside Distilling 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 Eastside Distilling or Consumer Defensive 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 Eastside Distilling 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 Eastside 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 a negative alpha, implying that the risk taken by holding this instrument is not justified. Eastside Distilling is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Eastside Distilling 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 Eastside Distilling or Consumer Defensive 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 Eastside Distilling 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 Eastside 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.
Given the investment horizon of 90 days the coefficient of variation of Eastside Distilling is -1271.9. The daily returns are distributed with a variance of 26.35 and standard deviation of 5.13. The mean deviation of Eastside Distilling is currently at 3.49. For similar time horizon, the selected benchmark (DOW) has volatility of 0.79
α
Alpha over DOW
-0.31
β
Beta against DOW0.43
σ
Overall volatility
5.13
Ir
Information ratio -0.06

Eastside Distilling Stock Return Volatility

Eastside Distilling historical daily return volatility represents how much Eastside Distilling stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm inherits 5.1336% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 0.7351% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Eastside Distilling Volatility

Volatility is a rate at which the price of Eastside Distilling 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 Eastside Distilling may increase or decrease. In other words, similar to Eastside's beta indicator, it measures the risk of Eastside Distilling and helps estimate the fluctuations that may happen in a short period of time. So if prices of Eastside Distilling 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.
Last ReportedProjected for 2021
Market Capitalization13 M18 M
Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. Eastside Distilling, Inc. was founded in 2008 and is headquartered in Portland, Oregon. Eastside Distilling operates under BeveragesWineries Distilleries classification in the United States and is traded on NASDAQ Exchange. It employs 78 people.

Nearest Eastside long CALL Option Payoff at Expiration

Eastside Distilling's implied volatility is one of the determining factors in the pricing options written on Eastside Distilling. Implied volatility approximates the future value of Eastside Distillingusing the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Eastside Distilling over a specific time period.
View All Eastside options
2021-11-19 CALL at $2.5 is a CALL option contract on Eastside Distilling's common stock with a strick price of 2.5 expiring on 2021-11-19. The contract was last traded on 2021-10-13 at 12:26:46 for $0.3 and, as of today, has 33 days remaining before the expiration. The option is currently trading at a bid price of $0.3, and an ask price of $0.5. The implied volatility as of the 17th of October 2021 is 85.9371.
 Profit 
Share
      Eastside Distilling Price At Expiration 

Eastside Distilling Investment Opportunity

Eastside Distilling has a volatility of 5.13 and is 6.93 times more volatile than DOW. 43  of all equities and portfolios are less risky than Eastside Distilling. Compared to the overall equity markets, volatility of historical daily returns of Eastside Distilling is lower than 43 () of all global equities and portfolios over the last 90 days. Use Eastside Distilling to enhance returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of Eastside Distilling to be traded at $3.4 in 90 days. . Let's try to break down what Eastside's beta means in this case. As returns on the market increase, Eastside Distilling returns are expected to increase less than the market. However, during the bear market, the loss on holding Eastside Distilling will be expected to be smaller as well.

Significant diversification

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

Eastside Distilling Additional Risk Indicators

The analysis of Eastside Distilling'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 Eastside Distilling's investment and either accepting that risk or mitigating it. Along with some common measures of Eastside Distilling 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 Performance(0.037109)
Market Risk Adjusted Performance(0.70)
Mean Deviation3.43
Coefficient Of Variation(1,731)
Standard Deviation5.12
Variance26.22
Information Ratio(0.06)
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.

Eastside Distilling 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 Eastside Distilling 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. Eastside Distilling'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, Eastside Distilling'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 Eastside Distilling.
Continue to Investing Opportunities. Note that the Eastside Distilling information on this page should be used as a complementary analysis to other Eastside Distilling'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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