# Immatics Stock Volatility

IMTX Stock | USD 9.78 0.00 0.00% |

Immatics appears to be somewhat reliable, given 3 months investment horizon. Immatics NV holds Efficiency (Sharpe) Ratio of 0.0588, which attests that the entity had 0.0588% of return per unit of risk over the last 3 months. Our standpoint towards determining 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-seven technical indicators for Immatics NV, which you can use to evaluate the future volatility of the firm. Please utilize Immatics' Downside Deviation of 3.03, market risk adjusted performance of 0.3115, and Risk Adjusted Performance of 0.0625 to validate if our risk estimates are consistent with your expectations.

Immatics |

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

### 720 Days Market Risk

### Chance of Distress

### 720 Days Economic Sensitivity

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

## Moving together with Immatics Stock

+ | 0.74 | DICE | Dice Molecules Holdings | Fiscal Quarter End 30th of June 2023 | PairCorr | ||

+ | 0.63 | VALN | Valneva SE ADR | Fiscal Quarter End 30th of June 2023 | PairCorr | ||

+ | 0.81 | DNLI | Denali Therapeutics | Fiscal Quarter End 30th of June 2023 | PairCorr |

## Moving against Immatics Stock

- | 0.49 | DOMH | Dominari Holdings | Symbol Change | PairCorr |

## Immatics Market Sensitivity And Downside Risk

Immatics' beta coefficient measures the volatility of Immatics 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 Immatics stock's returns against your selected market. In other words, Immatics's beta of 0.93 provides an investor with an approximation of how much risk Immatics stock can potentially add to one of your existing portfolios.

Immatics NV shows above-average downside volatility for the selected time horizon. We advise investors to inspect Immatics NV further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Immatics future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Immatics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Immatics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

3 Months Beta |Analyze Immatics NV Demand TrendCheck current 90 days Immatics correlation with market (NYSE Composite)## Immatics Beta |

Immatics 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 | 4.86 |

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

## Using Immatics Put Option to Manage Risk

Put options written on Immatics grant holders of the option the right to sell a specified amount of Immatics at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Immatics Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Immatics' position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding Immatics will be realized, the loss incurred will be offset by the profits made with the option trade.

### Immatics' PUT expiring on 2023-06-16

Profit |

Immatics Price At Expiration |

### Current Immatics Insurance Chain

Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||

Put | 2023-06-16 PUT at $10.0 | -0.5057 | 0.2748 | 2 | 2023-06-16 | 0.3 - 1.0 | 1.0 | View |

## Immatics NV Stock Volatility Analysis

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

### Historical Volatility

This type of stock volatility measures Immatics' fluctuations based on previous trends. It's commonly used to predict Immatics' 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 Immatics' 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 Immatics' 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. Immatics NV 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..

## Immatics Projected Return Density Against Market

Given the investment horizon of 90 days Immatics has a beta of 0.9256 . This usually indicates Immatics NV market returns are sensitive to returns on the market. As the market goes up or down, Immatics 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 Immatics or Healthcare 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 Immatics' 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 Immatics 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 0.3279, implying that it can generate a 0.33 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Predicted Return Density |

Returns |

## What Drives an Immatics 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.## Immatics 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 Immatics or Healthcare 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 Immatics' 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 Immatics 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. Given the investment horizon of 90 days the coefficient of variation of Immatics is 1700.99. The daily returns are distributed with a variance of 23.66 and standard deviation of 4.86. The mean deviation of Immatics NV is currently at 3.26. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.89

α | Alpha over NYSE Composite | 0.33 | |

β | Beta against NYSE Composite | 0.93 | |

σ | Overall volatility | 4.86 | |

Ir | Information ratio | 0.07 |

## Immatics Stock Return Volatility

Immatics historical daily return volatility represents how much of Immatics stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 4.8644% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.9168% volatility on return distribution over the 90 days horizon. Performance (%) |

Timeline |

## About Immatics Volatility

Volatility is a rate at which the price of Immatics 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 Immatics may increase or decrease. In other words, similar to Immatics's beta indicator, it measures the risk of Immatics and helps estimate the fluctuations that may happen in a short period of time. So if prices of Immatics 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 2023 | ||

Market Capitalization | 571.7 M | 529.5 M |

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

## 3 ways to utilize Immatics' volatility to invest better

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

## Immatics Investment Opportunity

Immatics NV has a volatility of 4.86 and is 5.28 times more volatile than NYSE Composite.**42**of all equities and portfolios are less risky than Immatics. Compared to the overall equity markets, volatility of historical daily returns of Immatics NV is lower than

**42 ()**of all global equities and portfolios over the last 90 days. Use Immatics NV to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The stock experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Immatics to be traded at $9.68 in 90 days.

### Average diversification

The correlation between Immatics NV and NYA is

**0.17**(i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immatics NV and NYA in the same portfolio, assuming nothing else is changed.## Immatics Additional Risk Indicators

The analysis of Immatics' 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 Immatics' investment and either accepting that risk or mitigating it. Along with some common measures of Immatics 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 | 0.0625 | |||

Market Risk Adjusted Performance | 0.3115 | |||

Mean Deviation | 3.19 | |||

Semi Deviation | 2.86 | |||

Downside Deviation | 3.03 | |||

Coefficient Of Variation | 1643.68 | |||

Standard Deviation | 4.75 |

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.

## Immatics 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 Immatics 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. Immatics' 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, Immatics' 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 Immatics NV.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. You can also try Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

## Complementary Tools for Immatics Stock analysis

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

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Is Immatics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Immatics. If investors know Immatics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Immatics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share(1.19) | Revenue Per Share1.128 | Quarterly Revenue Growth(0.91) | Return On Assets(0.12) | Return On Equity(0.43) |

The market value of Immatics NV is measured differently than its book value, which is the value of Immatics that is recorded on the company's balance sheet. Investors also form their own opinion of Immatics' value that differs from its market value or its book value, called intrinsic value, which is Immatics' 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 Immatics' market value can be influenced by many factors that don't directly affect Immatics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Immatics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Immatics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immatics' 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. Check out Risk vs Return Analysis to better understand how to build diversified portfolios.