# Enzo Biochem Stock Volatility

ENZ Stock | USD 1.14 0.01 0.88% |

At this stage we consider Enzo Stock to be moderately volatile. Enzo Biochem secures Sharpe Ratio (or Efficiency) of 0.0873, which denotes the company had a 0.0873% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Enzo Biochem, which you can use to evaluate the volatility of the firm. Please confirm Enzo Biochem's Coefficient Of Variation of 1613.71, downside deviation of 1.79, and Mean Deviation of 1.51 to check if the risk estimate we provide is consistent with the expected return of 0.16%.

**Key indicators related to Enzo Biochem's volatility include:**60 Days Market Risk | Chance Of Distress | 60 Days Economic Sensitivity |

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

Enzo |

Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Enzo Biochem 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 Enzo Biochem at lower prices. For example, an investor can purchase Enzo 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 Enzo Biochem'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.

## Enzo Biochem Market Sensitivity And Downside Risk

Enzo Biochem's beta coefficient measures the volatility of Enzo stock 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 Enzo stock's returns against your selected market. In other words, Enzo Biochem's beta of 0.81 provides an investor with an approximation of how much risk Enzo Biochem stock can potentially add to one of your existing portfolios. Enzo Biochem has relatively low volatility with skewness of 0.08 and kurtosis of -0.5. Enzo Biochem is a potential penny stock. Although Enzo Biochem may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Enzo Biochem. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Enzo instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.

3 Months Beta |Analyze Enzo Biochem Demand TrendCheck current 90 days Enzo Biochem correlation with market (Dow Jones Industrial)## Enzo Beta |

Enzo 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 | 1.8 |

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

## Enzo Biochem Stock Volatility Analysis

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

### Historical Volatility

This type of stock volatility measures Enzo Biochem's fluctuations based on previous trends. It's commonly used to predict Enzo Biochem'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 Enzo Biochem's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Enzo Biochem'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. Enzo Biochem 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.

## Enzo Biochem Projected Return Density Against Market

Considering the 90-day investment horizon Enzo Biochem has a beta of 0.8072 suggesting as returns on the market go up, Enzo Biochem average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Enzo Biochem 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 Enzo Biochem or Health Care Providers & Services 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 Enzo Biochem'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 Enzo 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.

Enzo Biochem has an alpha of 0.0163, implying that it can generate a 0.0163 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |

Returns |

## What Drives an Enzo Biochem Price Volatility?

Several factors can influence a stock'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.## Enzo Biochem Stock Risk Measures

Considering the 90-day investment horizon the coefficient of variation of Enzo Biochem is 1145.41. The daily returns are distributed with a variance of 3.25 and standard deviation of 1.8. The mean deviation of Enzo Biochem is currently at 1.49. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.81

α | Alpha over Dow Jones | 0.02 | |

β | Beta against Dow Jones | 0.81 | |

σ | Overall volatility | 1.80 | |

Ir | Information ratio | -0.0023 |

## Enzo Biochem Stock Return Volatility

Enzo Biochem historical daily return volatility represents how much of Enzo Biochem stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company has volatility of**1.8017%**on return distribution over 90 days investment horizon. By contrast, Dow Jones Industrial accepts 0.8188% volatility on return distribution over the 90 days horizon.

Performance |

Timeline |

## About Enzo Biochem Volatility

Volatility is a rate at which the price of Enzo Biochem 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 Enzo Biochem may increase or decrease. In other words, similar to Enzo's beta indicator, it measures the risk of Enzo Biochem and helps estimate the fluctuations that may happen in a short period of time. So if prices of Enzo Biochem 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 Reported | Projected for Next Year | ||

Selling And Marketing Expenses | 396.8 K | 504 K | |

Market Cap | 186.6 M | 253.2 M |

Enzo Biochem'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 Enzo Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Enzo Biochem's price varies over time.

## 3 ways to utilize Enzo Biochem's volatility to invest better

Higher Enzo Biochem's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Enzo Biochem 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. Enzo Biochem 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 Enzo Biochem investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Enzo Biochem'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 Enzo Biochem's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.

## Enzo Biochem Investment Opportunity

Enzo Biochem has a volatility of 1.8 and is 2.2 times more volatile than Dow Jones Industrial.**16 percent**of all equities and portfolios are less risky than Enzo Biochem. You can use Enzo Biochem to enhance the returns of your portfolios. The stock experiences a moderate upward volatility. Check odds of Enzo Biochem to be traded at $1.254 in 90 days.

### Weak diversification

The correlation between Enzo Biochem and DJI is

**0.36**(i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enzo Biochem and DJI in the same portfolio, assuming nothing else is changed.## Enzo Biochem Additional Risk Indicators

The analysis of Enzo Biochem'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 Enzo Biochem's investment and either accepting that risk or mitigating it. Along with some common measures of Enzo Biochem stock'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 | 0.0559 | |||

Market Risk Adjusted Performance | 0.1366 | |||

Mean Deviation | 1.51 | |||

Semi Deviation | 1.59 | |||

Downside Deviation | 1.79 | |||

Coefficient Of Variation | 1613.71 | |||

Standard Deviation | 1.81 |

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

## Enzo Biochem 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 Enzo Biochem 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. Enzo Biochem'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, Enzo Biochem'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 Enzo Biochem.

## Additional Tools for Enzo Stock Analysis

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