Fm High Yield Etf Volatility
| ZTOP Etf | 52.44 0.03 0.06% |
Currently, Fm High Yield is very steady. Fm High Yield retains Efficiency (Sharpe Ratio) of 0.24, which denotes the etf had a 0.24 % return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Fm High, which you can use to evaluate the volatility of the entity. Please confirm Fm High's Variance of 0.0199, coefficient of variation of 472.67, and Market Risk Adjusted Performance of 0.2012 to check if the risk estimate we provide is consistent with the expected return of 0.0315%.
Sharpe Ratio = 0.241
| High Returns | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ZTOP |
Based on monthly moving average Fm High is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fm High by adding it to a well-diversified portfolio.
Key indicators related to Fm High's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Fm High Etf 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 ZTOP daily returns, and it is calculated using variance and standard deviation. We also use ZTOP's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Fm High volatility.
Downward market volatility can be a perfect environment for investors who play the long game with Fm High. They may decide to buy additional shares of Fm High at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with ZTOP Etf
| 0.99 | HYG | iShares iBoxx High Sell-off Trend | PairCorr |
| 0.99 | USHY | iShares Broad USD Sell-off Trend | PairCorr |
| 0.98 | JNK | SPDR Bloomberg High Sell-off Trend | PairCorr |
| 0.99 | SHYG | iShares 0 5 Sell-off Trend | PairCorr |
| 0.98 | HYLB | Xtrackers USD High Sell-off Trend | PairCorr |
| 0.99 | SJNK | SPDR Bloomberg Short Sell-off Trend | PairCorr |
| 0.99 | ANGL | VanEck Fallen Angel | PairCorr |
| 0.97 | FALN | iShares Fallen Angels | PairCorr |
| 0.95 | HYLS | First Trust Tactical | PairCorr |
| 0.98 | HYDW | Xtrackers Low Beta | PairCorr |
| 0.81 | AGQ | ProShares Ultra Silver | PairCorr |
| 0.9 | JNUG | Direxion Daily Junior | PairCorr |
| 0.89 | NUGT | Direxion Daily Gold | PairCorr |
| 0.87 | GGLL | Direxion Daily GOOGL | PairCorr |
| 0.99 | AHYB | American Century ETF | PairCorr |
| 0.78 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.85 | CAT | Caterpillar | PairCorr |
| 0.9 | BA | Boeing | PairCorr |
| 0.83 | JNJ | Johnson Johnson | PairCorr |
Moving against ZTOP Etf
| 0.78 | FNGO | MicroSectors FANG Index | PairCorr |
| 0.5 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.36 | NVDL | GraniteShares 15x Long | PairCorr |
Fm High Market Sensitivity And Downside Risk
Fm High's beta coefficient measures the volatility of ZTOP etf 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 ZTOP etf's returns against your selected market. In other words, Fm High's beta of 0.1 provides an investor with an approximation of how much risk Fm High etf can potentially add to one of your existing portfolios. Fm High Yield exhibits very low volatility with skewness of -0.2 and kurtosis of 0.79. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fm High's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fm High's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Fm High Yield Demand TrendCheck current 90 days Fm High correlation with market (Dow Jones Industrial)Fm High Volatility and Downside Risk
ZTOP 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.
Fm High Yield Etf Volatility Analysis
Volatility refers to the frequency at which Fm High etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Fm High's price changes. Investors will then calculate the volatility of Fm High's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf 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 Fm High's volatility:
Historical Volatility
This type of etf volatility measures Fm High's fluctuations based on previous trends. It's commonly used to predict Fm High's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Fm High's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Fm High's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Fm High Yield 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.
Fm High Projected Return Density Against Market
Given the investment horizon of 90 days Fm High has a beta of 0.1039 . This usually means as returns on the market go up, Fm High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fm High Yield 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 Fm High or High Yield Bond 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 Fm High's price will be affected by overall etf 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 ZTOP etf'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.
Predicted Return Density |
| Returns |
What Drives a Fm High Price Volatility?
Several factors can influence a etf'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 investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Fm High Etf Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Fm High is 414.96. The daily returns are distributed with a variance of 0.02 and standard deviation of 0.13. The mean deviation of Fm High Yield is currently at 0.1. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.75
α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 0.10 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | -0.11 |
Fm High Etf Return Volatility
Fm High historical daily return volatility represents how much of Fm High etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The ETF inherits 0.1308% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7652% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Fm High Competition Risk-Adjusted Indicators
There is a big difference between ZTOP Etf performing well and Fm High ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fm High's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.55 | 0.02 | (0.01) | (0.47) | 1.62 | 3.43 | 13.36 | |||
| MSFT | 1.23 | (0.34) | 0.00 | 1.81 | 0.00 | 1.78 | 13.28 | |||
| UBER | 1.60 | (0.39) | 0.00 | (0.56) | 0.00 | 2.46 | 11.09 | |||
| F | 1.22 | 0.10 | 0.05 | 0.85 | 1.20 | 3.38 | 7.16 | |||
| T | 0.94 | 0.16 | 0.13 | 0.84 | 0.84 | 2.02 | 4.31 | |||
| A | 1.22 | (0.23) | 0.00 | (0.13) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.64 | (0.36) | 0.00 | 3.41 | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.12 | 0.05 | 0.01 | (0.31) | 1.63 | 2.18 | 7.38 | |||
| MRK | 1.32 | 0.48 | 0.32 | 0.86 | 1.07 | 3.59 | 8.09 | |||
| XOM | 1.15 | 0.38 | 0.28 | 0.71 | 0.92 | 2.69 | 5.85 |
About Fm High Volatility
Volatility is a rate at which the price of Fm High 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 Fm High may increase or decrease. In other words, similar to ZTOP's beta indicator, it measures the risk of Fm High and helps estimate the fluctuations that may happen in a short period of time. So if prices of Fm High 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.3 ways to utilize Fm High's volatility to invest better
Higher Fm High's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Fm High Yield etf 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. Fm High Yield etf 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 Fm High Yield investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Fm High's etf 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 Fm High's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Fm High Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.77 and is 5.92 times more volatile than Fm High Yield. 1 percent of all equities and portfolios are less risky than Fm High. You can use Fm High Yield to enhance the returns of your portfolios. The etf experiences a normal upward fluctuation. Check odds of Fm High to be traded at 55.06 in 90 days.Almost no diversification
The correlation between Fm High Yield and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fm High Yield and DJI in the same portfolio, assuming nothing else is changed.
Fm High Additional Risk Indicators
The analysis of Fm High'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 Fm High's investment and either accepting that risk or mitigating it. Along with some common measures of Fm High etf'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 | 0.1158 | |||
| Market Risk Adjusted Performance | 0.2012 | |||
| Mean Deviation | 0.1043 | |||
| Downside Deviation | 0.1505 | |||
| Coefficient Of Variation | 472.67 | |||
| Standard Deviation | 0.1412 | |||
| Variance | 0.0199 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Fm High 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 Fm High 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. Fm High'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, Fm High'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 Fm High Yield.
When determining whether Fm High Yield 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 ZTOP Etf 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 Fm High Yield Etf. Highlighted below are key reports to facilitate an investment decision about Fm High Yield Etf: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Fm High Yield. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Investors evaluate Fm High Yield using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Fm High's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause Fm High's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Fm High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fm High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Fm High's market price signifies the transaction level at which participants voluntarily complete trades.