GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantie Industry Co Ltd (SZSE:300587) » Definitions » Volatility

Zhejiang Tiantie Industry Co (SZSE:300587) Volatility : 40.99% (As of May. 25, 2024)


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

What is Zhejiang Tiantie Industry 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 (2024-05-25), Zhejiang Tiantie Industry Co's Volatility is 40.99%.


Competitive Comparison of Zhejiang Tiantie Industry Co's Volatility

For the Railroads subindustry, Zhejiang Tiantie Industry 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 Tiantie Industry Co's Volatility Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhejiang Tiantie Industry Co's Volatility distribution charts can be found below:

* The bar in red indicates where Zhejiang Tiantie Industry Co's Volatility falls into.



Zhejiang Tiantie Industry Co  (SZSE:300587) 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 Tiantie Industry Co  (SZSE:300587) 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 Tiantie Industry Co Volatility Related Terms

Thank you for viewing the detailed overview of Zhejiang Tiantie Industry Co's Volatility provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhejiang Tiantie Industry Co (SZSE:300587) Business Description

Traded in Other Exchanges
N/A
Address
No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200
Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.
Executives
Wang Sen Rong Executives
Zheng Shuang Lian Executives
Zheng Jian Feng Executives
Niu Wen Qiang Directors, executives
Di Xiao Yu Supervisors
Xu Ji Ding Director
Lu Ling Xiao Supervisors
Fan Wei Wei Directors, executives
Xu Yin Bin Directors, executives
Xu Kong Bin Directors, executives
Zhu Jian Zhong Executives
Yang Tai Feng Executives
Wang Bo Directors, executives
Fan Wen Rong Securities Affairs Representative

Zhejiang Tiantie Industry Co (SZSE:300587) Headlines

No Headlines