What is Bain Capital Specialty Finance 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.
Competitive Comparison of Bain Capital Specialty Finance's Volatility
For the Asset Management subindustry, Bain Capital Specialty Finance'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.
Bain Capital Specialty Finance's Volatility Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Bain Capital Specialty Finance's Volatility distribution charts can be found below:
* The bar in red indicates where Bain Capital Specialty Finance's Volatility falls into.
Bain Capital Specialty Finance (NYSE:BCSF) 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.
Bain Capital Specialty Finance (NYSE:BCSF) 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.
Bain Capital Specialty Finance Volatility Related Terms
Thank you for viewing the detailed overview of Bain Capital Specialty Finance's Volatility provided by GuruFocus.com. Please click on the following links to see related term pages.
Bain Capital Specialty Finance (Bain Capital Specialty Finance) Business Description
Bain Capital Specialty Finance Inc is an externally managed, closed-end, non-diversified management investment company. The company has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. The company is managed by the Advisor, an investment adviser that is registered with the SEC under the Investment Advisers Act. The advisor also provides the administrative services necessary for the company to operate. The primary focus is capitalizing on opportunities within Bain Capital Credit's Senior Direct Lending Strategy which seeks to provide risk-adjusted returns and current income to investors by investing primarily in middle-market companies with between $10.0 million and $150.0 million in annual EBITDA.
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