WUXIF OTC Stock Volatility

WUXIF -  USA Stock  

USD 22.90  0.00  0.00%

Wuxi Apptec shows Sharpe Ratio of -0.13, which attests that the company had -0.13% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining 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. Wuxi Apptec exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Wuxi Apptec mean deviation of 0.267, and Market Risk Adjusted Performance of 0.6309 to validate the risk estimate we provide.

WUXIF Volatility 

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

360 Days Market Risk

Very steady

Chance of Distress

Below Average

360 Days Economic Sensitivity

Almost neglects market trends

Wuxi Apptec Market Sensitivity And Downside Risk

Wuxi Apptec's beta coefficient measures the volatility of WUXIF otc 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 WUXIF otc stock's returns against your selected market. In other words, Wuxi Apptec's beta of -0.23 provides an investor with an approximation of how much risk Wuxi Apptec otc stock can potentially add to one of your existing portfolios.
Let's try to break down what WUXIF's beta means in this case. As returns on the market increase, returns on owning Wuxi Apptec are expected to decrease at a much lower rate. During the bear market, Wuxi Apptec is likely to outperform the market.
3 Months Beta |Analyze Wuxi Apptec Demand Trend
Check current 90 days Wuxi Apptec correlation with market (DOW)

WUXIF Beta

    
  -0.23  
WUXIF 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

    
  1.13  
It is essential to understand the difference between upside risk (as represented by Wuxi Apptec's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Wuxi Apptec stock's daily returns or price. Since the actual investment returns on holding a position in Wuxi Apptec 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 Wuxi Apptec.

Wuxi Apptec OTC Stock Volatility Analysis

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

Wuxi Apptec Projected Return Density Against Market

Assuming the 90 days horizon Wuxi Apptec has a beta of -0.2344 . This entails as returns on benchmark increase, returns on holding Wuxi Apptec are expected to decrease at a much lower rate. During the bear market, however, Wuxi Apptec 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 Wuxi Apptec 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 Wuxi Apptec 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 WUXIF 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. Wuxi Apptec is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Wuxi Apptec OTC 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 Wuxi Apptec 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 Wuxi Apptec 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 WUXIF 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.
Assuming the 90 days horizon the coefficient of variation of Wuxi Apptec is -793.73. The daily returns are distributed with a variance of 1.27 and standard deviation of 1.13. The mean deviation of Wuxi Apptec is currently at 0.28. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
α
Alpha over DOW
-0.14
β
Beta against DOW-0.23
σ
Overall volatility
1.13
Ir
Information ratio -0.17

Wuxi Apptec OTC Stock Return Volatility

Wuxi Apptec historical daily return volatility represents how much Wuxi Apptec stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm shows 1.1271% volatility of returns over 90 . By contrast, DOW inherits 0.719% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Wuxi Apptec Volatility

Volatility is a rate at which the price of Wuxi Apptec 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 Wuxi Apptec may increase or decrease. In other words, similar to WUXIF's beta indicator, it measures the risk of Wuxi Apptec and helps estimate the fluctuations that may happen in a short period of time. So if prices of Wuxi Apptec 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.
WuXi AppTec Co., Ltd., an investment holding company, provides research, development, and manufacturing services to discover, develop, and manufacture small molecule drugs, and cell and gene therapies in the Peoples Republic of China, rest of Asia, the United States, Europe, and internationally. WuXi AppTec Co., Ltd. was founded in 2000 and is headquartered in Shanghai, the Peoples Republic of China. Wuxi Apptec operates under Diagnostics Research classification in the United States and is traded on OTC Exchange. It employs 27272 people.

Wuxi Apptec Investment Opportunity

Wuxi Apptec has a volatility of 1.13 and is 1.57 times more volatile than DOW. of all equities and portfolios are less risky than Wuxi Apptec. Compared to the overall equity markets, volatility of historical daily returns of Wuxi Apptec is lower than 9 () of all global equities and portfolios over the last 90 days. Use Wuxi Apptec to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Wuxi Apptec to be traded at $22.67 in 90 days. . Let's try to break down what WUXIF's beta means in this case. As returns on the market increase, returns on owning Wuxi Apptec are expected to decrease at a much lower rate. During the bear market, Wuxi Apptec is likely to outperform the market.

Good diversification

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

Wuxi Apptec Additional Risk Indicators

The analysis of Wuxi Apptec'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 Wuxi Apptec's investment and either accepting that risk or mitigating it. Along with some common measures of Wuxi Apptec 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(0.08)
Market Risk Adjusted Performance0.6309
Mean Deviation0.267
Coefficient Of Variation(812.40)
Standard Deviation1.1
Variance1.21
Information Ratio(0.17)
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.

Wuxi Apptec 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 Wuxi Apptec 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. Wuxi Apptec'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, Wuxi Apptec'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 Wuxi Apptec.
Check out Your Current Watchlist. Note that the Wuxi Apptec information on this page should be used as a complementary analysis to other Wuxi Apptec'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for WUXIF OTC Stock analysis

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