The L S Starrett Co (The L S Starrett Co) Volatility : 33.82% (As of May. 05, 2024)

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What is The L S Starrett 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 (2024-05-05), The L S Starrett Co's Volatility is 33.82%.

Competitive Comparison of The L S Starrett Co's Volatility

For the Tools & Accessories subindustry, The L S Starrett 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.

The L S Starrett Co's Volatility Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The L S Starrett Co's Volatility distribution charts can be found below:

* The bar in red indicates where The L S Starrett Co's Volatility falls into.

The L S Starrett Co (OTCPK:SCXLB) Volatility Calculation

The annualized volatility is calculated as following:

σ_A	=	σ_M	*	√12
	=	√ 1/(n-1) ∑(Ri - R')^2	*	√12

Where: σ_M is the monthly volatility, n is the number of months in the period, R_i 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.

The L S Starrett Co (OTCPK:SCXLB) 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.

The L S Starrett Co Volatility Related Terms

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The L S Starrett Co (The L S Starrett Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The L S Starrett Co (OTCPK:SCXLB) » Definitions » Volatility

Comparable Companies

Traded in Other Exchanges

SCX:USA

Address

121 Crescent Street, Athol, MA, USA, 01331

Website

https://www.starrett.com

The L S Starrett Co is engaged in the manufacturing of industrial, professional and consumer measuring and cutting tools and related products. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and others. Its products are used in different industries such as metalworking, automotive, aviation, marine, farm, and "do-it-yourselfers" and tradesmen such as builders, carpenters, plumbers and electricians. The operating segments of the company are North American Operations is a key revenue driver; International Operations and Global Test and Measurement.