EUROFINS Stock Volatility

ERRFY -  USA Stock  

USD 11.99  0.00  0.00%

Our approach towards predicting 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-one technical indicators for EUROFINS SCIENTIFIC SE, which you can use to evaluate the future volatility of the firm. Please confirm EUROFINS SCIENTIFIC Mean Deviation of 20.16, market risk adjusted performance of (2.22), and Downside Deviation of 30.0 to check if the risk estimate we provide is consistent with the expected return of 0.0%.

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

EUROFINS SCIENTIFIC Market Sensitivity And Downside Risk

EUROFINS SCIENTIFIC's beta coefficient measures the volatility of EUROFINS 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 EUROFINS stock's returns against your selected market. In other words, EUROFINS SCIENTIFIC's beta of -2.08 provides an investor with an approximation of how much risk EUROFINS SCIENTIFIC stock can potentially add to one of your existing portfolios.
Let's try to break down what EUROFINS's beta means in this case. As returns on the market increase, returns on owning EUROFINS SCIENTIFIC are expected to decrease by larger amounts. On the other hand, during market turmoil, EUROFINS SCIENTIFIC is expected to outperform it.
3 Months Beta |Analyze EUROFINS SCIENTIFIC Demand Trend
Check current 90 days EUROFINS SCIENTIFIC correlation with market (DOW)

EUROFINS Beta

    
  -2.08  
EUROFINS 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

    
  0.0  
It is essential to understand the difference between upside risk (as represented by EUROFINS SCIENTIFIC's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of EUROFINS SCIENTIFIC stock's daily returns or price. Since the actual investment returns on holding a position in EUROFINS SCIENTIFIC 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 EUROFINS SCIENTIFIC.

EUROFINS SCIENTIFIC Stock Volatility Analysis

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EUROFINS SCIENTIFIC Projected Return Density Against Market

Assuming the 90 days horizon EUROFINS SCIENTIFIC SE has a beta of -2.0761 suggesting as returns on its benchmark rise, returns on holding EUROFINS SCIENTIFIC SE are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, EUROFINS SCIENTIFIC is expected to outperform its benchmark.
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 EUROFINS SCIENTIFIC or EUROFINS SCIENTIFIC SE 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 EUROFINS SCIENTIFIC 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 EUROFINS 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 4.6904, implying that it can generate a 4.69 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

EUROFINS SCIENTIFIC 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 EUROFINS SCIENTIFIC or EUROFINS SCIENTIFIC SE 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 EUROFINS SCIENTIFIC 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 EUROFINS 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 EUROFINS SCIENTIFIC is 0.0. The daily returns are distributed with a variance of 0.0 and standard deviation of 0.0. The mean deviation of EUROFINS SCIENTIFIC SE is currently at 0.0. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
4.69
β
Beta against DOW-2.08
σ
Overall volatility
0.00
Ir
Information ratio 0.14

EUROFINS SCIENTIFIC Stock Return Volatility

EUROFINS SCIENTIFIC historical daily return volatility represents how much EUROFINS SCIENTIFIC 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 0.0% volatility of returns over 90 . By contrast, DOW inherits 0.7149% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About EUROFINS SCIENTIFIC Volatility

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

EUROFINS SCIENTIFIC Investment Opportunity

DOW has a standard deviation of returns of 0.71 and is 9.223372036854776E16 times more volatile than EUROFINS SCIENTIFIC SE. of all equities and portfolios are less risky than EUROFINS SCIENTIFIC. Compared to the overall equity markets, volatility of historical daily returns of EUROFINS SCIENTIFIC SE is lower than 0 () of all global equities and portfolios over the last 90 days. Use EUROFINS SCIENTIFIC SE to protect your portfolios against small market fluctuations. The stock experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of EUROFINS SCIENTIFIC to be traded at $11.87 in 90 days. . Let's try to break down what EUROFINS's beta means in this case. As returns on the market increase, returns on owning EUROFINS SCIENTIFIC are expected to decrease by larger amounts. On the other hand, during market turmoil, EUROFINS SCIENTIFIC is expected to outperform it.

Good diversification

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

EUROFINS SCIENTIFIC Additional Risk Indicators

The analysis of EUROFINS SCIENTIFIC'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 EUROFINS SCIENTIFIC's investment and either accepting that risk or mitigating it. Along with some common measures of EUROFINS SCIENTIFIC 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 Performance0.1096
Market Risk Adjusted Performance(2.22)
Mean Deviation20.16
Semi Deviation18.65
Downside Deviation30.0
Coefficient Of Variation694.69
Standard Deviation32.18
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.

EUROFINS SCIENTIFIC 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 EUROFINS SCIENTIFIC 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. EUROFINS SCIENTIFIC'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, EUROFINS SCIENTIFIC'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 EUROFINS SCIENTIFIC SE.
Continue to Investing Opportunities. Note that the EUROFINS SCIENTIFIC information on this page should be used as a complementary analysis to other EUROFINS SCIENTIFIC'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Other Tools for EUROFINS Stock

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