Concord New (Germany) Volatility
| HK51 Stock | EUR 0.07 0.00 0.00% |
Concord New is out of control given 3 months investment horizon. Concord New Energy secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We were able to analyze twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.61% are justified by taking the suggested risk. Use Concord New Downside Deviation of 4.76, risk adjusted performance of 0.0939, and Mean Deviation of 4.57 to evaluate company specific risk that cannot be diversified away. Key indicators related to Concord New's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Concord New 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 Concord daily returns, and it is calculated using variance and standard deviation. We also use Concord's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Concord New volatility.
Concord |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Concord New can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Concord New at lower prices to lower their average cost per share. Similarly, when the prices of Concord New's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving against Concord Stock
| 0.78 | GZFB | ENGIE ADR1 EO | PairCorr |
| 0.71 | GZF | Engie SA | PairCorr |
| 0.64 | DOD | Dominion Energy | PairCorr |
| 0.49 | SE4 | Sempra | PairCorr |
| 0.45 | IBE1 | Iberdrola SA | PairCorr |
| 0.4 | ENL | Enel SpA | PairCorr |
Concord New Market Sensitivity And Downside Risk
Concord New's beta coefficient measures the volatility of Concord 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 Concord stock's returns against your selected market. In other words, Concord New's beta of -1.5 provides an investor with an approximation of how much risk Concord New stock can potentially add to one of your existing portfolios. Concord New Energy is displaying above-average volatility over the selected time horizon. Concord New Energy is a penny stock. Although Concord New may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Concord New Energy. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Concord 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 Concord New Energy Demand TrendCheck current 90 days Concord New correlation with market (NYSE Composite)Concord Beta |
Concord 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 | 11.87 |
It is essential to understand the difference between upside risk (as represented by Concord New's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Concord New's daily returns or price. Since the actual investment returns on holding a position in concord 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 Concord New.
Concord New Energy Stock Volatility Analysis
Volatility refers to the frequency at which Concord New stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Concord New's price changes. Investors will then calculate the volatility of Concord New'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 Concord New's volatility:
Historical Volatility
This type of stock volatility measures Concord New's fluctuations based on previous trends. It's commonly used to predict Concord New'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 Concord New'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 Concord New'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. Concord New Energy 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.
Concord New Projected Return Density Against Market
Assuming the 90 days trading horizon Concord New Energy has a beta of -1.4969 . This usually indicates as returns on its benchmark rise, returns on holding Concord New Energy are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Concord New 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 Concord New or Utilities 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 Concord New'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 Concord 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.
Concord New Energy has an alpha of 1.6011, implying that it can generate a 1.6 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Concord New 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.Concord New Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Concord New is 738.36. The daily returns are distributed with a variance of 140.97 and standard deviation of 11.87. The mean deviation of Concord New Energy is currently at 4.57. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α | Alpha over NYSE Composite | 1.60 | |
β | Beta against NYSE Composite | -1.5 | |
σ | Overall volatility | 11.87 | |
Ir | Information ratio | 0.13 |
Concord New Stock Return Volatility
Concord New historical daily return volatility represents how much of Concord New stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company assumes 11.8729% volatility of returns over the 90 days investment horizon. By contrast, NYSE Composite accepts 0.6269% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Concord New Volatility
Volatility is a rate at which the price of Concord New 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 Concord New may increase or decrease. In other words, similar to Concord's beta indicator, it measures the risk of Concord New and helps estimate the fluctuations that may happen in a short period of time. So if prices of Concord New 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.Concord New Energy Group Limited, an investment holding company, engages in the power generation business in the Peoples Republic of China, the United States, and Hong Kong. Concord New Energy Group Limited is headquartered in Admiralty, Hong Kong. CONCORD NW operates under Utilities - Diversified classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1433 people.
Concord New'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 Concord Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Concord New's price varies over time.
3 ways to utilize Concord New's volatility to invest better
Higher Concord New's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Concord New Energy 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. Concord New Energy 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 Concord New Energy investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Concord New'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 Concord New's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Concord New Investment Opportunity
Concord New Energy has a volatility of 11.87 and is 18.84 times more volatile than NYSE Composite. Compared to the overall equity markets, volatility of historical daily returns of Concord New Energy is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Concord New Energy 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 Concord New to be traded at €0.0693 in 90 days.Good diversification
The correlation between Concord New Energy and NYA is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concord New Energy and NYA in the same portfolio, assuming nothing else is changed.
Concord New Additional Risk Indicators
The analysis of Concord New'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 Concord New's investment and either accepting that risk or mitigating it. Along with some common measures of Concord New 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 | 0.0939 | |||
| Market Risk Adjusted Performance | (1.06) | |||
| Mean Deviation | 4.57 | |||
| Semi Deviation | 3.02 | |||
| Downside Deviation | 4.76 | |||
| Coefficient Of Variation | 738.36 | |||
| Standard Deviation | 11.87 |
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.
Concord New 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 Concord New 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. Concord New'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, Concord New'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 Concord New Energy.
Complementary Tools for Concord Stock analysis
When running Concord New's price analysis, check to measure Concord New'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 Concord New is operating at the current time. Most of Concord New's value examination focuses on studying past and present price action to predict the probability of Concord New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concord New's price. Additionally, you may evaluate how the addition of Concord New to your portfolios can decrease your overall portfolio volatility.
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