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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.
Zhejiang Tengen Electric Co (SHSE:605066) 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.
Zhejiang Tengen Electric Co Volatility Related Terms
SHSE:605066 vs APH, GLW, TEL: Volatility Comparison
For the Electronic Components subindustry, Zhejiang Tengen Electric Co'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.
Zhejiang Tengen Electric Co Volatility vs Hardware Industry
For the Hardware industry and Technology sector, Zhejiang Tengen Electric Co's Volatility distribution charts can be found below:
* The bar in red indicates where Zhejiang Tengen Electric Co's Volatility falls into.
Zhejiang Tengen Electric Co (SHSE:605066) 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.
Zhejiang Tengen Electric Co (SHSE:605066) has a Volatility of 23.72% as of Aug. 08, 2026. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Zhejiang Tengen Electric Co and its competitors.
Is Zhejiang Tengen Electric Co's Volatility too high?
Zhejiang Tengen Electric Co's current Volatility is 23.72%. Overall, Zhejiang Tengen Electric Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Tengen Electric Co's Volatility compare to APH and GLW?
Zhejiang Tengen Electric Co's Volatility of 23.72% can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Volatility for a Hardware company?
A good Volatility depends on the Hardware industry context. However, Volatility should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Volatility mean?
A high Volatility can signal that a stock is expensive relative to its fundamentals. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Zhejiang Tengen Electric Co and its competitors. Zhejiang Tengen Electric Co's current Volatility is 23.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Tengen Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Tengen Electric Co (SHSE:605066) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.68, compared to a current price of ¥6.66 — trading 0.3% below its estimated fair value. The current Volatility is 23.72%. Zhejiang Tengen Electric Co's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Volatility calculated?
Volatility is calculated from a company's financial statements. For Zhejiang Tengen Electric Co (SHSE:605066), the current Volatility is 23.72% as of Aug. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zhejiang Tengen Electric Co (SHSE:605066) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Tengen Electric Co stock appears to be undervalued.
The current stock price of ¥6.66 is trading 0.3% below its estimated GF Value™ of ¥6.68.
GuruFocus considers Zhejiang Tengen Electric Co to be Fairly Valued.
Key valuation signals for SHSE:605066:
Volatility: 23.72%
GF Value™: ¥6.68 vs. price of ¥6.66 (0.3% below fair value)
No single metric tells the full story. See the SHSE:605066 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Tengen Electric Co Ltd is engaged in production and sales of low-voltage electrical products such as power distribution appliances, control appliances, terminal appliances, power appliances, and instrument appliances. The company produces industrial electrical products such as low-voltage power distribution and industrial control electrical appliances, smart meters, power supplies, frequency converters, high-voltage electrical appliances, and construction electrical appliances, for electric power, communications, new energy, industrial and civil construction, metallurgy, petrochemical, machinery manufacturing.
77GF Score
Get the complete analysis for SHSE:605066
Volatility is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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