GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sundaram Brake Linings Ltd (BOM:590072) » Definitions » Volatility

Sundaram Brake Linings (BOM:590072) Volatility : 27.24% (As of Jun. 04, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Sundaram Brake Linings Volatility?

Volatility is a statistical measure of the dispersion of returns for a given security or market index, it shows how the price swings around its mean. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year. In most cases, the higher the volatility, the riskier the security.

As of today (2024-06-04), Sundaram Brake Linings's Volatility is 27.24%.


Competitive Comparison of Sundaram Brake Linings's Volatility

For the Auto Parts subindustry, Sundaram Brake Linings's Volatility, along with its competitors' market caps and Volatility data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sundaram Brake Linings's Volatility Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sundaram Brake Linings's Volatility distribution charts can be found below:

* The bar in red indicates where Sundaram Brake Linings's Volatility falls into.



Sundaram Brake Linings  (BOM:590072) Volatility Calculation

The annualized volatility is calculated as following:

σA=σM * 12
= 1/(n-1) ∑(Ri - R')^2 * 12

Where: σM is the monthly volatility, n is the number of months in the period, Ri is the security's historical monthly returns and R' is the arithmetic mean of monthly returns.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sundaram Brake Linings  (BOM:590072) Volatility Explanation

Volatility is a statistical measure of the dispersion of returns for a given security or market index. It’s often measured as standard deviation or variance of historical returns over a certain period. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year.

Volatility reflects the uncertainty or risk of a security’s value. Generally speaking, a higher volatility suggests a higher risk, because it implies a wider fluctuation around average price. This means the price of the security can change dramatically in either direction within a short period. Conversely, a lower volatility means that the security's price is more steady, which suggests a lower risk.

Another measurement of relative volatility is Beta. Beta is a measure of systematic risk of a security or a portfolio in comparison to the market as a whole. Beta is usually compared to 1. A beta of greater than 1 indicates that the security's price will be more volatile than the market.


Sundaram Brake Linings Volatility Related Terms

Thank you for viewing the detailed overview of Sundaram Brake Linings's Volatility provided by GuruFocus.com. Please click on the following links to see related term pages.


Sundaram Brake Linings (BOM:590072) Business Description

Traded in Other Exchanges
Address
Padi, Chennai, TN, IND, 600 050
Sundaram Brake Linings Ltd is involved in the manufacture of automotive, non-automotive, railways, and industrial friction materials. Their products are used as raw materials for commercial vehicles, passenger cars, tractors (agricultural), railways, and the two-wheeler industry. Geographically, it derives a majority of revenue from India. The company offers products, including Brake Linings, Clutch Facings, Disc Brake pads, and others. Its only operating segment being friction materials.

Sundaram Brake Linings (BOM:590072) Headlines

No Headlines