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Zhongyeda Electric Co (SZSE:002441) Volatility : 27.96% (As of May. 26, 2024)


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What is Zhongyeda Electric 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 (2024-05-26), Zhongyeda Electric Co's Volatility is 27.96%.


Competitive Comparison of Zhongyeda Electric Co's Volatility

For the Specialty Industrial Machinery subindustry, Zhongyeda 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.


Zhongyeda Electric Co's Volatility Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhongyeda Electric Co's Volatility distribution charts can be found below:

* The bar in red indicates where Zhongyeda Electric Co's Volatility falls into.



Zhongyeda Electric Co  (SZSE:002441) 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.


Zhongyeda Electric Co  (SZSE:002441) 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.


Zhongyeda Electric Co Volatility Related Terms

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Zhongyeda Electric Co (SZSE:002441) Business Description

Traded in Other Exchanges
N/A
Address
No.62, Hengshan Road, Longhu District, Guangdong Province, Shantou, CHN, 515041
Zhongyeda Electric Co Ltd is a distributor of industrial electrical products. The company's main business is the distribution of industrial electrical component products of contracted suppliers through its own sales network, as well as the production and sales of system integration products and complete manufacturing products. Its products include low-voltage electrical products, medium voltage electrical products, industrial control products and others.
Executives
Yang Song Directors, executives
Wang Bao Yu Directors, executives
Lin Jing Supervisors
Chen Dai Ai Supervisors
Li Xiao Yong Director
Wu Kai Xian Directors, executives
Zhang Ying Supervisors
Ke Ni Xiang Executives
Wang Zong Cheng Director
Wang Pei Qing Executives

Zhongyeda Electric Co (SZSE:002441) Headlines

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