Kelso Technologies Stock Volatility
| KIQ Stock | USD 0.08 0.01 14.29% |
Kelso Technologies has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Kelso Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kelso Technologies' Mean Deviation of 5.61, standard deviation of 10.52, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. Key indicators related to Kelso Technologies' volatility include:
720 Days Market Risk | Chance Of Distress | 720 Days Economic Sensitivity |
Kelso Technologies 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 Kelso daily returns, and it is calculated using variance and standard deviation. We also use Kelso's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Kelso Technologies volatility.
Kelso |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Kelso Technologies 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 Kelso Technologies at lower prices. For example, an investor can purchase Kelso 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 Kelso Technologies' 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 against Kelso Stock
| 0.8 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.76 | FIP | FTAI Infrastructure Earnings Call This Week | PairCorr |
| 0.74 | IGC | India Globalization | PairCorr |
| 0.72 | MLR | Miller Industries Earnings Call This Week | PairCorr |
| 0.65 | WAB | Westinghouse Air Brake Upward Rally | PairCorr |
| 0.57 | FSTR | LB Foster Financial Report 14th of May 2024 | PairCorr |
| 0.56 | GBX | Greenbrier Companies Financial Report 4th of July 2024 | PairCorr |
| 0.54 | TRN | Trinity Industries Earnings Call This Week | PairCorr |
Kelso Technologies Market Sensitivity And Downside Risk
Kelso Technologies' beta coefficient measures the volatility of Kelso 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 Kelso stock's returns against your selected market. In other words, Kelso Technologies's beta of -0.44 provides an investor with an approximation of how much risk Kelso Technologies stock can potentially add to one of your existing portfolios. Kelso Technologies is displaying above-average volatility over the selected time horizon. Kelso Technologies is a penny stock. Although Kelso Technologies 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 Kelso Technologies. 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 Kelso 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 Kelso Technologies Demand TrendCheck current 90 days Kelso Technologies correlation with market (NYSE Composite)Kelso Beta |
Kelso 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 | 9.09 |
It is essential to understand the difference between upside risk (as represented by Kelso Technologies's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Kelso Technologies' daily returns or price. Since the actual investment returns on holding a position in kelso 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 Kelso Technologies.
Kelso Technologies Stock Volatility Analysis
Volatility refers to the frequency at which Kelso Technologies stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Kelso Technologies' price changes. Investors will then calculate the volatility of Kelso Technologies' 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 Kelso Technologies' volatility:
Historical Volatility
This type of stock volatility measures Kelso Technologies' fluctuations based on previous trends. It's commonly used to predict Kelso Technologies' 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 Kelso Technologies' 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 Kelso Technologies' to be redeemed at a future date.Transformation |
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Kelso Technologies Projected Return Density Against Market
Considering the 90-day investment horizon Kelso Technologies has a beta of -0.4376 . This indicates as returns on the benchmark increase, returns on holding Kelso Technologies are expected to decrease at a much lower rate. During a bear market, however, Kelso Technologies is likely to outperform the market.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 Kelso Technologies or Machinery 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 Kelso Technologies' 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 Kelso 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.
Kelso Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Predicted Return Density |
| Returns |
What Drives a Kelso Technologies 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.Kelso Technologies Stock Risk Measures
Considering the 90-day investment horizon the coefficient of variation of Kelso Technologies is -737.06. The daily returns are distributed with a variance of 82.55 and standard deviation of 9.09. The mean deviation of Kelso Technologies is currently at 5.21. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α | Alpha over NYSE Composite | -0.23 | |
β | Beta against NYSE Composite | -0.44 | |
σ | Overall volatility | 9.09 | |
Ir | Information ratio | -0.03 |
Kelso Technologies Stock Return Volatility
Kelso Technologies historical daily return volatility represents how much of Kelso Technologies stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The enterprise has volatility of 9.0857% on return distribution over 90 days investment horizon. By contrast, NYSE Composite accepts 0.6372% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Kelso Technologies Volatility
Volatility is a rate at which the price of Kelso Technologies 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 Kelso Technologies may increase or decrease. In other words, similar to Kelso's beta indicator, it measures the risk of Kelso Technologies and helps estimate the fluctuations that may happen in a short period of time. So if prices of Kelso Technologies 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 Next Year | ||
| Selling And Marketing Expenses | 470.6 K | 276 K | |
| Market Cap | 14.7 M | 21.2 M |
Kelso Technologies' 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 Kelso Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Kelso Technologies' price varies over time.
3 ways to utilize Kelso Technologies' volatility to invest better
Higher Kelso Technologies' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Kelso Technologies 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. Kelso Technologies 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 Kelso Technologies investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Kelso Technologies' 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 Kelso Technologies' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Kelso Technologies Investment Opportunity
Kelso Technologies has a volatility of 9.09 and is 14.2 times more volatile than NYSE Composite. 80 percent of all equities and portfolios are less risky than Kelso Technologies. You can use Kelso Technologies to enhance the returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of Kelso Technologies to be traded at $0.1 in 90 days.Good diversification
The correlation between Kelso Technologies and NYA is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kelso Technologies and NYA in the same portfolio, assuming nothing else is changed.
Kelso Technologies Additional Risk Indicators
The analysis of Kelso Technologies' 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 Kelso Technologies' investment and either accepting that risk or mitigating it. Along with some common measures of Kelso Technologies 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 | (0.01) | |||
| Market Risk Adjusted Performance | 0.619 | |||
| Mean Deviation | 5.61 | |||
| Coefficient Of Variation | (4,101) | |||
| Standard Deviation | 10.52 | |||
| Variance | 110.63 | |||
| Information Ratio | (0.03) |
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.
Kelso Technologies 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 Kelso Technologies 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. Kelso Technologies' 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, Kelso Technologies' 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 Kelso Technologies.
When determining whether Kelso Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Kelso Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Kelso Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Kelso Technologies Stock: Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Kelso Stock analysis
When running Kelso Technologies' price analysis, check to measure Kelso Technologies' 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 Kelso Technologies is operating at the current time. Most of Kelso Technologies' value examination focuses on studying past and present price action to predict the probability of Kelso Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kelso Technologies' price. Additionally, you may evaluate how the addition of Kelso Technologies to your portfolios can decrease your overall portfolio volatility.
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |
Is Kelso Technologies' 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 Kelso Technologies. If investors know Kelso 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 Kelso Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.36 | Earnings Share (0.02) | Revenue Per Share 0.199 | Quarterly Revenue Growth 0.285 | Return On Assets (0.08) |
The market value of Kelso Technologies is measured differently than its book value, which is the value of Kelso that is recorded on the company's balance sheet. Investors also form their own opinion of Kelso Technologies' value that differs from its market value or its book value, called intrinsic value, which is Kelso Technologies' 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 Kelso Technologies' market value can be influenced by many factors that don't directly affect Kelso Technologies' 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 Kelso Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kelso Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kelso Technologies' 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.