International Stock Volatility

IMXI -  USA Stock  

USD 16.57  0.32  1.89%

We consider International Money very steady. International Money holds Efficiency (Sharpe) Ratio of 0.0522, which attests that the entity had 0.0522% 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-eight technical indicators for International Money, which you can use to evaluate the future volatility of the firm. Please check out International Money Downside Deviation of 1.55, risk adjusted performance of 0.0636, and Market Risk Adjusted Performance of 0.1839 to validate if the risk estimate we provide is consistent with the expected return of 0.0828%.

International Volatility 

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

30 Days Market Risk

Very steady

Chance of Distress

30 Days Economic Sensitivity

Follows the market closely

International Money Market Sensitivity And Downside Risk

International Money's beta coefficient measures the volatility of International 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 International stock's returns against your selected market. In other words, International Money's beta of 0.69 provides an investor with an approximation of how much risk International Money stock can potentially add to one of your existing portfolios.
Let's try to break down what International's beta means in this case. As returns on the market increase, International Money returns are expected to increase less than the market. However, during the bear market, the loss on holding International Money will be expected to be smaller as well.
3 Months Beta |Analyze International Money Demand Trend
Check current 90 days International Money correlation with market (DOW)

International Beta

    
  0.69  
International 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

    
  1.58  
It is essential to understand the difference between upside risk (as represented by International Money's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of International Money stock's daily returns or price. Since the actual investment returns on holding a position in International Money 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 International Money.

International Money Implied Volatility

    
  0.0  
International Money's implied volatility exposes the market's sentiment of International Money Express stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if International Money's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that International Money stock will not fluctuate a lot when International Money's options near their expiration.

International Money Stock Volatility Analysis

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

International Money Projected Return Density Against Market

Given the investment horizon of 90 days International Money has a beta of 0.689 . This usually indicates as returns on the market go up, International Money average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding International Money Express will be expected to be much smaller as well.
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 International Money or Technology 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 International Money 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 International 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 0.1011, implying that it can generate a 0.1 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

International Money 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 International Money or Technology 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 International Money 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 International 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 International Money is 1913.97. The daily returns are distributed with a variance of 2.51 and standard deviation of 1.58. The mean deviation of International Money Express is currently at 1.26. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
α
Alpha over DOW
0.10
β
Beta against DOW0.69
σ
Overall volatility
1.58
Ir
Information ratio 0.06

International Money Stock Return Volatility

International Money historical daily return volatility represents how much International Money stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company inherits 1.5839% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 0.7131% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About International Money Volatility

Volatility is a rate at which the price of International Money 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 International Money may increase or decrease. In other words, similar to International's beta indicator, it measures the risk of International Money and helps estimate the fluctuations that may happen in a short period of time. So if prices of International Money 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 ReportedProjected for 2021
Market Capitalization590.9 M559.7 M
International Money Express, Inc., through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services and online payment options, pre-paid debit cards, and direct deposit payroll cards. It provides services through sending and paying agents and company-operated stores, as well as through online and Internet-enabled mobile devices. The company was formerly known as FinTech Acquisition Corp. II. International Money Express, Inc. is headquartered in Miami, Florida.

Nearest International long CALL Option Payoff at Expiration

International Money's implied volatility is one of the determining factors in the pricing options written on International Money Express. Implied volatility approximates the future value of International Moneyusing the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in International Money Express over a specific time period.
View All International options
2021-11-19 CALL at $5.0 is a CALL option contract on International Money's common stock with a strick price of 5.0 expiring on 2021-11-19. The contract was not traded in recent days and, as of today, has 28 days remaining before the expiration. The option is currently trading at a bid price of $11.5, and an ask price of $12.7. The implied volatility as of the 23rd of October is 289.0932.
 Profit 
Share
      International Money Price At Expiration 

International Money Investment Opportunity

International Money Express has a volatility of 1.58 and is 2.23 times more volatile than DOW. 13  of all equities and portfolios are less risky than International Money. Compared to the overall equity markets, volatility of historical daily returns of International Money Express is lower than 13 () of all global equities and portfolios over the last 90 days. Use International Money Express to protect your portfolios against small market fluctuations. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of International Money to be traded at $16.07 in 90 days. . Let's try to break down what International's beta means in this case. As returns on the market increase, International Money returns are expected to increase less than the market. However, during the bear market, the loss on holding International Money will be expected to be smaller as well.

Weak diversification

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

International Money Additional Risk Indicators

The analysis of International Money'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 International Money's investment and either accepting that risk or mitigating it. Along with some common measures of International Money 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 Performance0.0636
Market Risk Adjusted Performance0.1839
Mean Deviation1.27
Semi Deviation1.36
Downside Deviation1.55
Coefficient Of Variation1217.55
Standard Deviation1.58
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.

International Money 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.
Freeport Mcmoran vs. International Money
ANDREW PELLER vs. International Money
ALGONQUIN POWER vs. International Money
Citigroup vs. International Money
Union Pacific vs. International Money
CORUS ENTERTAINMENT vs. International Money
Manulife Financial vs. International Money
Plantfuel Life vs. International Money
Ford vs. International Money
BRAGG GAMING vs. International Money
Sentinelone Inc vs. International Money
Royal Wins vs. International Money
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 International Money 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. International Money'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, International Money'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 International Money Express.
Please see Risk vs Return Analysis. Note that the International Money information on this page should be used as a complementary analysis to other International Money'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 Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Complementary Tools for International Stock analysis

When running International Money price analysis, check to measure International Money'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 International Money is operating at the current time. Most of International Money's value examination focuses on studying past and present price action to predict the probability of International Money's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move International Money's price. Additionally, you may evaluate how the addition of International Money to your portfolios can decrease your overall portfolio volatility.
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
The market value of International Money is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Money's value that differs from its market value or its book value, called intrinsic value, which is International Money'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 International Money's market value can be influenced by many factors that don't directly affect International Money 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 International Money's value and its price as these two are different measures arrived at by different means. Investors typically determine International Money value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Money'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.