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Suzhou Iron Technology Co (SHSE:688329) Volatility : 49.07% (As of Dec. 14, 2024)


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What is Suzhou Iron Technology Co 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 (2024-12-14), Suzhou Iron Technology Co's Volatility is 49.07%.


Competitive Comparison of Suzhou Iron Technology Co's Volatility

For the Medical Instruments & Supplies subindustry, Suzhou Iron Technology 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.


Suzhou Iron Technology Co's Volatility Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Suzhou Iron Technology Co's Volatility distribution charts can be found below:

* The bar in red indicates where Suzhou Iron Technology Co's Volatility falls into.



Suzhou Iron Technology Co  (SHSE:688329) 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.


Suzhou Iron Technology Co  (SHSE:688329) 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.


Suzhou Iron Technology Co Volatility Related Terms

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Suzhou Iron Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 27, Xinfa Road, Suzhou Industrial Park, Suzhou Area, Jiangsu Pilot Free Trade Zone, Suzhou, CHN, 215002
Suzhou Iron Technology Co Ltd provide overall solutions for the intelligent management of medical supplies for medical service institutions at all levels. The products mainly include coverage Intelligent management equipment and software information platform for medical supplies in three sectors namely smart pharmacy, smart ward, and smart logistics.
Executives
Li Zhao senior management
Dong Qiu Ming Supervisors

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