TUESDAY Stock Volatility

TUEM -  USA Stock  

USD 3.90  0.10  2.50%

TUESDAY MORNING appears to be very risky, given 3 months investment horizon. TUESDAY MORNING CORP owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had 0.12% of return per unit of volatility over the last 3 months. Our approach towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By examining TUESDAY MORNING CORP technical indicators you can now evaluate if the expected return of 0.55% is justified by implied risk. Please review TUESDAY MORNING's coefficient of variation of 840.64, and Risk Adjusted Performance of 0.0971 to confirm if our risk estimates are consistent with your expectations.

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

90 Days Market Risk

Very risky

Chance of Distress

Quite High

90 Days Economic Sensitivity

Barely shadows the market

TUESDAY MORNING Market Sensitivity And Downside Risk

TUESDAY MORNING's beta coefficient measures the volatility of TUESDAY 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 TUESDAY stock's returns against your selected market. In other words, TUESDAY MORNING's beta of 1.44 provides an investor with an approximation of how much risk TUESDAY MORNING stock can potentially add to one of your existing portfolios.
Let's try to break down what TUESDAY'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, TUESDAY MORNING will likely underperform.
3 Months Beta |Analyze TUESDAY MORNING CORP Demand Trend
Check current 90 days TUESDAY MORNING correlation with market (DOW)

TUESDAY Beta

    
  1.44  
TUESDAY 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

    
  4.47  
It is essential to understand the difference between upside risk (as represented by TUESDAY MORNING's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of TUESDAY MORNING stock's daily returns or price. Since the actual investment returns on holding a position in TUESDAY MORNING 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 TUESDAY MORNING.

TUESDAY MORNING CORP Stock Volatility Analysis

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

TUESDAY MORNING Projected Return Density Against Market

Given the investment horizon of 90 days the stock has the beta coefficient of 1.4388 . 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, TUESDAY MORNING 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 TUESDAY MORNING 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 TUESDAY MORNING 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 TUESDAY 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 0.471, implying that it can generate a 0.47 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

TUESDAY MORNING 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 TUESDAY MORNING 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 TUESDAY MORNING 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 TUESDAY 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 TUESDAY MORNING is 811.9. The daily returns are distributed with a variance of 19.94 and standard deviation of 4.47. The mean deviation of TUESDAY MORNING CORP is currently at 2.9. For similar time horizon, the selected benchmark (DOW) has volatility of 0.75
α
Alpha over DOW
0.47
β
Beta against DOW1.44
σ
Overall volatility
4.47
Ir
Information ratio 0.11

TUESDAY MORNING Stock Return Volatility

TUESDAY MORNING historical daily return volatility represents how much TUESDAY MORNING 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 4.4654% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 0.7437% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About TUESDAY MORNING Volatility

Volatility is a rate at which the price of TUESDAY MORNING 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 TUESDAY MORNING may increase or decrease. In other words, similar to TUESDAY's beta indicator, it measures the risk of TUESDAY MORNING and helps estimate the fluctuations that may happen in a short period of time. So if prices of TUESDAY MORNING 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.
Tuesday Morning Corporation operates as an off-price retailer in the United States. The company was founded in 1974 and is headquartered in Dallas, Texas. Tuesday Morning operates under Specialty Retail classification in the United States and is traded on OTC Exchange. It employs 1555 people.

TUESDAY MORNING Investment Opportunity

TUESDAY MORNING CORP has a volatility of 4.47 and is 6.04 times more volatile than DOW. 38  of all equities and portfolios are less risky than TUESDAY MORNING. Compared to the overall equity markets, volatility of historical daily returns of TUESDAY MORNING CORP is lower than 38 () of all global equities and portfolios over the last 90 days. Use TUESDAY MORNING CORP 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 TUESDAY MORNING to be traded at $3.74 in 90 days. . Let's try to break down what TUESDAY'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, TUESDAY MORNING will likely underperform.

Modest diversification

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

TUESDAY MORNING Additional Risk Indicators

The analysis of TUESDAY MORNING'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 TUESDAY MORNING's investment and either accepting that risk or mitigating it. Along with some common measures of TUESDAY MORNING 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 Performance0.0971
Market Risk Adjusted Performance0.3706
Mean Deviation2.88
Semi Deviation2.41
Downside Deviation2.89
Coefficient Of Variation840.64
Standard Deviation4.45
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.

TUESDAY MORNING 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 TUESDAY MORNING 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. TUESDAY MORNING'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, TUESDAY MORNING'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 TUESDAY MORNING CORP.
Additionally, take a look at World Market Map. Note that the TUESDAY MORNING CORP information on this page should be used as a complementary analysis to other TUESDAY MORNING'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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