Spire Stock Volatility

SR -  USA Stock  

USD 73.15  1.50  2.09%

Spire Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0221, which indicates the firm had -0.0221% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring 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. Spire Inc exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Spire coefficient of variation of (4,556), and Risk Adjusted Performance of (0.010971) to confirm the risk estimate we provide.

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

720 Days Market Risk

Very steady

Chance of Distress

Below Average

720 Days Economic Sensitivity

Responds to the market

Spire Market Sensitivity And Downside Risk

Spire's beta coefficient measures the volatility of Spire 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 Spire stock's returns against your selected market. In other words, Spire's beta of 1.2 provides an investor with an approximation of how much risk Spire stock can potentially add to one of your existing portfolios.
Let's try to break down what Spire's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Spire will likely underperform.
3 Months Beta |Analyze Spire Inc Demand Trend
Check current 90 days Spire correlation with market (DOW)

Spire Beta

    
  1.2  
Spire 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

    
  1.55  
It is essential to understand the difference between upside risk (as represented by Spire's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Spire stock's daily returns or price. Since the actual investment returns on holding a position in Spire 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 Spire.

Spire Inc Stock Volatility Analysis

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

Spire Projected Return Density Against Market

Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.1951 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Spire will likely underperform.
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 Spire 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 Spire 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 Spire 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. Spire Inc is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Spire 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 Spire 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 Spire 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 Spire 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.
Allowing for the 90-day total investment horizon the coefficient of variation of Spire is -4533.5. The daily returns are distributed with a variance of 2.39 and standard deviation of 1.55. The mean deviation of Spire Inc is currently at 1.12. For similar time horizon, the selected benchmark (DOW) has volatility of 0.73
α
Alpha over DOW
-0.1
β
Beta against DOW1.20
σ
Overall volatility
1.55
Ir
Information ratio -0.06

Spire Stock Return Volatility

Spire historical daily return volatility represents how much Spire stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The enterprise accepts 1.5459% volatility on return distribution over the 90 days horizon. By contrast, DOW inherits 0.747% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Spire Volatility

Volatility is a rate at which the price of Spire 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 Spire may increase or decrease. In other words, similar to Spire's beta indicator, it measures the risk of Spire and helps estimate the fluctuations that may happen in a short period of time. So if prices of Spire 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 Capitalization2.6 B2.8 B
Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire operates under UtilitiesRegulated Gas classification in the United States and is traded on New York Stock Exchange. It employs 3583 people.

Nearest Spire long CALL Option Payoff at Expiration

Spire's implied volatility is one of the determining factors in the pricing options written on Spire Inc. Implied volatility approximates the future value of Spireusing the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Spire Inc over a specific time period.
View All Spire options
SR210820C00040000 is a CALL option contract on Spire's common stock with a strick price of 40.0 expiring on 2021-08-20. The contract was not traded in recent days and, as of today, has 17 days remaining before the expiration. The option is currently trading at a bid price of $29.5, and an ask price of $33.6. The implied volatility as of the 3rd of August is 243.8859.
 Profit 
Share
      Spire Price At Expiration 

Spire Investment Opportunity

Spire Inc has a volatility of 1.55 and is 2.07 times more volatile than DOW. 13  of all equities and portfolios are less risky than Spire. Compared to the overall equity markets, volatility of historical daily returns of Spire Inc is lower than 13 () of all global equities and portfolios over the last 90 days. Use Spire Inc to enhance returns of your portfolios. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of Spire to be traded at $87.78 in 90 days. . Let's try to break down what Spire's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Spire will likely underperform.

Very weak diversification

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

Spire Additional Risk Indicators

The analysis of Spire'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 Spire's investment and either accepting that risk or mitigating it. Along with some common measures of Spire 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(0.010971)
Market Risk Adjusted Performance(0.026204)
Mean Deviation1.09
Coefficient Of Variation(4,556)
Standard Deviation1.52
Variance2.3
Information Ratio(0.06)
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.

Spire 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 Spire 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. Spire'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, Spire'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 Spire Inc.
Additionally, take a look at World Market Map. Note that the Spire Inc information on this page should be used as a complementary analysis to other Spire'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Spire Inc price analysis, check to measure Spire'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 Spire is operating at the current time. Most of Spire's value examination focuses on studying past and present price action to predict the probability of Spire's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Spire's price. Additionally, you may evaluate how the addition of Spire to your portfolios can decrease your overall portfolio volatility.
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The market value of Spire Inc is measured differently than its book value, which is the value of Spire that is recorded on the company's balance sheet. Investors also form their own opinion of Spire's value that differs from its market value or its book value, called intrinsic value, which is Spire'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 Spire's market value can be influenced by many factors that don't directly affect Spire Inc 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 Spire's value and its price as these two are different measures arrived at by different means. Investors typically determine Spire value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spire'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.