GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Volatility

JiaXing Gas Group Co (HKSE:09908) Volatility : 19.51% (As of May. 26, 2024)


View and export this data going back to 2020. Start your Free Trial

What is JiaXing Gas Group 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), JiaXing Gas Group Co's Volatility is 19.51%.


Competitive Comparison of JiaXing Gas Group Co's Volatility

For the Utilities - Regulated Gas subindustry, JiaXing Gas Group 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.


JiaXing Gas Group Co's Volatility Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, JiaXing Gas Group Co's Volatility distribution charts can be found below:

* The bar in red indicates where JiaXing Gas Group Co's Volatility falls into.



JiaXing Gas Group Co  (HKSE:09908) 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.


JiaXing Gas Group Co  (HKSE:09908) 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.


JiaXing Gas Group Co Volatility Related Terms

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


JiaXing Gas Group Co (HKSE:09908) Business Description

Traded in Other Exchanges
N/A
Address
5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN
JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.
Executives
Xinneng (hong Kong) Energy Investment Limited 2201 Interest of corporation controlled by you
Enn Natural Gas Co., Ltd. 2201 Interest of corporation controlled by you
Zhao Baoju 2201 Interest of corporation controlled by you
Wang Yusuo 2201 Interest of corporation controlled by you
Langfang City Natural Gas Company Limited 2201 Interest of corporation controlled by you
Enn Yingchuang Technology Co., Ltd. 2201 Interest of corporation controlled by you
Enn Investment Holdings Company Limited 2201 Interest of corporation controlled by you
Enn Group International Investment Limited 2201 Interest of corporation controlled by you
Enn Capital Management Co., Ltd. 2201 Interest of corporation controlled by you
Dan Hongying 2202 Interest of your spouse
Liu Zhenjiang 2201 Interest of corporation controlled by you
Xiang Gang Mei Shi Ju Guo Ji Mao Yi You Xian Gong Si 2101 Beneficial owner
Jia Xing Jin Yuan Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Hong Sheng Mu Ye Mao Yi You Xian Gong Si 2101 Beneficial owner
Shen Xiaohong 2201 Interest of corporation controlled by you

JiaXing Gas Group Co (HKSE:09908) Headlines

No Headlines