GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shandong Taishan Petroleum Co Ltd (SZSE:000554) » Definitions » Volatility

Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Volatility : 16.45% (As of Jun. 15, 2024)


View and export this data going back to 1993. Start your Free Trial

What is Sinopec Shandong Taishan Petroleum 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 (2024-06-15), Sinopec Shandong Taishan Petroleum Co's Volatility is 16.45%.


Competitive Comparison of Sinopec Shandong Taishan Petroleum Co's Volatility

For the Oil & Gas Refining & Marketing subindustry, Sinopec Shandong Taishan Petroleum 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.


Sinopec Shandong Taishan Petroleum Co's Volatility Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Shandong Taishan Petroleum Co's Volatility distribution charts can be found below:

* The bar in red indicates where Sinopec Shandong Taishan Petroleum Co's Volatility falls into.



Sinopec Shandong Taishan Petroleum Co  (SZSE:000554) 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.


Sinopec Shandong Taishan Petroleum Co  (SZSE:000554) 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.


Sinopec Shandong Taishan Petroleum Co Volatility Related Terms

Thank you for viewing the detailed overview of Sinopec Shandong Taishan Petroleum Co's Volatility provided by GuruFocus.com. Please click on the following links to see related term pages.


Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Business Description

Traded in Other Exchanges
N/A
Address
369 Dongyue Street, Shandong Province, Tai'an, CHN
Website
Sinopec Shandong Taishan Petroleum Co Ltd is a China-based company mainly engaged in the purchase and sale of refined oil, natural gas and diesel fuel.
Executives
Ren Jun Director
Sun Wei Executives
Wu Yan Ming Supervisors

Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Headlines

No Headlines