Emera OTC Stock Volatility

ERRAF -  USA Stock  

USD 18.89  0.00  0.00%

Emera Inc Cum secures Sharpe Ratio (or Efficiency) of -0.0377, which denotes the company had -0.0377% 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. Emera Inc Cum exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Emera Inc Cum coefficient of variation of (2,226), and Mean Deviation of 0.2117 to check the risk estimate we provide.

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

720 Days Market Risk

Very steady

Chance of Distress

High

720 Days Economic Sensitivity

Moves indifferently to market moves

Emera Inc Market Sensitivity And Downside Risk

Emera Inc's beta coefficient measures the volatility of Emera 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 Emera otc stock's returns against your selected market. In other words, Emera Inc's beta of -0.0683 provides an investor with an approximation of how much risk Emera Inc otc stock can potentially add to one of your existing portfolios.
Let's try to break down what Emera's beta means in this case. As returns on the market increase, returns on owning Emera Inc are expected to decrease at a much lower rate. During the bear market, Emera Inc is likely to outperform the market.
3 Months Beta |Analyze Emera Inc Cum Demand Trend
Check current 90 days Emera Inc correlation with market (DOW)

Emera Beta

    
  -0.0683  
Emera 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

    
  0.55  
It is essential to understand the difference between upside risk (as represented by Emera Inc's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Emera Inc stock's daily returns or price. Since the actual investment returns on holding a position in Emera Inc 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 Emera Inc.

Emera Inc Cum OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Emera Inc Cum 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. View also all equity analysis or get more info about average price price transform indicator.

Emera Inc Projected Return Density Against Market

Assuming the 90 days horizon Emera Inc Cum has a beta of -0.0683 suggesting as returns on benchmark increase, returns on holding Emera Inc are expected to decrease at a much lower rate. During the bear market, however, Emera Inc Cum is likely to outperform the market.
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 Emera Inc or Emera Inc Cum 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 Emera Inc 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 Emera 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. Emera Inc Cum is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Emera Inc 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 Emera Inc or Emera Inc Cum 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 Emera Inc 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 Emera 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 Emera Inc is -2654.09. The daily returns are distributed with a variance of 0.3 and standard deviation of 0.55. The mean deviation of Emera Inc Cum is currently at 0.15. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
-0.04
β
Beta against DOW-0.07
σ
Overall volatility
0.55
Ir
Information ratio -0.11

Emera Inc OTC Stock Return Volatility

Emera Inc historical daily return volatility represents how much Emera Inc 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 0.5459% volatility of returns over 90 . By contrast, DOW inherits 0.7163% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Emera Inc Volatility

Volatility is a rate at which the price of Emera Inc 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 Emera Inc may increase or decrease. In other words, similar to Emera's beta indicator, it measures the risk of Emera Inc and helps estimate the fluctuations that may happen in a short period of time. So if prices of Emera Inc 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.
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company was incorporated in 1998 and is headquartered in Halifax, Canada. Emera Inc is traded on OTC Exchange in the United States.

Emera Inc Investment Opportunity

DOW has a standard deviation of returns of 0.72 and is 1.31 times more volatile than Emera Inc Cum. of all equities and portfolios are less risky than Emera Inc. Compared to the overall equity markets, volatility of historical daily returns of Emera Inc Cum is lower than 4 () of all global equities and portfolios over the last 90 days. Use Emera Inc Cum to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Emera Inc to be traded at $18.7 in 90 days. . Let's try to break down what Emera's beta means in this case. As returns on the market increase, returns on owning Emera Inc are expected to decrease at a much lower rate. During the bear market, Emera Inc is likely to outperform the market.

Good diversification

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

Emera Inc Additional Risk Indicators

The analysis of Emera Inc'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 Emera Inc's investment and either accepting that risk or mitigating it. Along with some common measures of Emera Inc 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(0.031914)
Market Risk Adjusted Performance0.5796
Mean Deviation0.2117
Coefficient Of Variation(2,226)
Standard Deviation0.6435
Variance0.4141
Information Ratio(0.11)
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.

Emera Inc 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 Emera Inc 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. Emera Inc'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, Emera Inc'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 Emera Inc Cum.
Continue to Investing Opportunities. Note that the Emera Inc Cum information on this page should be used as a complementary analysis to other Emera Inc'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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