HOSTELWORLD GROUP (Ireland) Volatility

HSW -  Ireland Stock  

EUR 0.90  0.02  2.17%

HOSTELWORLD GROUP holds Efficiency (Sharpe) Ratio of -0.23, which attests that the entity had -0.23% of return per unit of volatility over the last 3 months. Macroaxis approach towards determining 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. HOSTELWORLD GROUP exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out HOSTELWORLD GROUP market risk adjusted performance of (0.31), and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide.

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

30 Days Market Risk

Dangerous

Chance of Distress

Below Average

30 Days Economic Sensitivity

Follows the market closely

HOSTELWORLD GROUP Market Sensitivity And Downside Risk

HOSTELWORLD GROUP's beta coefficient measures the volatility of HOSTELWORLD 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 HOSTELWORLD stock's returns against your selected market. In other words, HOSTELWORLD GROUP's beta of 0.86 provides an investor with an approximation of how much risk HOSTELWORLD GROUP stock can potentially add to one of your existing portfolios.
Let's try to break down what HOSTELWORLD's beta means in this case. HOSTELWORLD GROUP returns are very sensitive to returns on the market. As the market goes up or down, HOSTELWORLD GROUP is expected to follow.
3 Months Beta |Analyze HOSTELWORLD GROUP Demand Trend
Check current 90 days HOSTELWORLD GROUP correlation with market (DOW)

HOSTELWORLD Beta

    
  0.86  
HOSTELWORLD 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

    
  2.24  
It is essential to understand the difference between upside risk (as represented by HOSTELWORLD GROUP's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of HOSTELWORLD GROUP stock's daily returns or price. Since the actual investment returns on holding a position in HOSTELWORLD GROUP 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 HOSTELWORLD GROUP.

HOSTELWORLD GROUP Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. HOSTELWORLD GROUP 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.

HOSTELWORLD GROUP Projected Return Density Against Market

Assuming the 90 days trading horizon HOSTELWORLD GROUP has a beta of 0.856 . This usually indicates HOSTELWORLD GROUP market returns are sensible to returns on the market. As the market goes up or down, HOSTELWORLD GROUP is expected to follow.
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 HOSTELWORLD GROUP or Consumer Cyclical 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 HOSTELWORLD GROUP 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 HOSTELWORLD 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. HOSTELWORLD GROUP is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

HOSTELWORLD GROUP 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 HOSTELWORLD GROUP or Consumer Cyclical 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 HOSTELWORLD GROUP 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 HOSTELWORLD 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 trading horizon the coefficient of variation of HOSTELWORLD GROUP is -429.93. The daily returns are distributed with a variance of 5.01 and standard deviation of 2.24. The mean deviation of HOSTELWORLD GROUP is currently at 1.33. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
-0.29
β
Beta against DOW0.86
σ
Overall volatility
2.24
Ir
Information ratio -0.11

HOSTELWORLD GROUP Stock Return Volatility

HOSTELWORLD GROUP historical daily return volatility represents how much HOSTELWORLD GROUP stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The enterprise assumes 2.2387% volatility of returns over the 90 days investment horizon. By contrast, DOW inherits 0.6741% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About HOSTELWORLD GROUP Volatility

Volatility is a rate at which the price of HOSTELWORLD GROUP 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 HOSTELWORLD GROUP may increase or decrease. In other words, similar to HOSTELWORLD's beta indicator, it measures the risk of HOSTELWORLD GROUP and helps estimate the fluctuations that may happen in a short period of time. So if prices of HOSTELWORLD GROUP 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.
Hostelworld Group plc operates an online hostel booking platform worldwide. Hostelworld Group plc was founded in 1999 and is headquartered in Dublin, Ireland. HOSTELWORLD GROUP operates under Travel Services classification in Ireland and is traded on Irland Stock Exchange. It employs 244 people.

HOSTELWORLD GROUP Investment Opportunity

HOSTELWORLD GROUP has a volatility of 2.24 and is 3.34 times more volatile than DOW. 19  of all equities and portfolios are less risky than HOSTELWORLD GROUP. Compared to the overall equity markets, volatility of historical daily returns of HOSTELWORLD GROUP is lower than 19 () of all global equities and portfolios over the last 90 days. Use HOSTELWORLD GROUP to protect your portfolios against small market fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of HOSTELWORLD GROUP to be traded at €0.864 in 90 days. . Let's try to break down what HOSTELWORLD's beta means in this case. HOSTELWORLD GROUP returns are very sensitive to returns on the market. As the market goes up or down, HOSTELWORLD GROUP is expected to follow.

Modest diversification

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

HOSTELWORLD GROUP Additional Risk Indicators

The analysis of HOSTELWORLD GROUP'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 HOSTELWORLD GROUP's investment and either accepting that risk or mitigating it. Along with some common measures of HOSTELWORLD GROUP 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(0.06)
Market Risk Adjusted Performance(0.31)
Mean Deviation1.34
Coefficient Of Variation(1,040)
Standard Deviation2.77
Variance7.67
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.

HOSTELWORLD GROUP 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 HOSTELWORLD GROUP 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. HOSTELWORLD GROUP'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, HOSTELWORLD GROUP'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 HOSTELWORLD GROUP.
Please check Risk vs Return Analysis. Note that the HOSTELWORLD GROUP information on this page should be used as a complementary analysis to other HOSTELWORLD GROUP'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Other Tools for HOSTELWORLD Stock

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