GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Volatility

Able Engineering Holdings (HKSE:01627) Volatility : 21.18% (As of Apr. 26, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Able Engineering Holdings 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 (2024-04-26), Able Engineering Holdings's Volatility is 21.18%.


Competitive Comparison of Able Engineering Holdings's Volatility

For the Engineering & Construction subindustry, Able Engineering Holdings'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.


Able Engineering Holdings's Volatility Distribution in the Construction Industry

For the Construction industry and Industrials sector, Able Engineering Holdings's Volatility distribution charts can be found below:

* The bar in red indicates where Able Engineering Holdings's Volatility falls into.



Able Engineering Holdings  (HKSE:01627) 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.


Able Engineering Holdings  (HKSE:01627) 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.


Able Engineering Holdings Volatility Related Terms

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


Able Engineering Holdings (HKSE:01627) Business Description

Traded in Other Exchanges
N/A
Address
No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG
Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

Able Engineering Holdings (HKSE:01627) Headlines

No Headlines