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Xi'An Shaangu Power Co (SHSE:601369) Volatility : 27.48% (As of Jun. 08, 2024)


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What is Xi'An Shaangu Power 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 (2024-06-08), Xi'An Shaangu Power Co's Volatility is 27.48%.


Competitive Comparison of Xi'An Shaangu Power Co's Volatility

For the Specialty Industrial Machinery subindustry, Xi'An Shaangu Power 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.


Xi'An Shaangu Power Co's Volatility Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xi'An Shaangu Power Co's Volatility distribution charts can be found below:

* The bar in red indicates where Xi'An Shaangu Power Co's Volatility falls into.



Xi'An Shaangu Power Co  (SHSE:601369) 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.


Xi'An Shaangu Power Co  (SHSE:601369) 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.


Xi'An Shaangu Power Co Volatility Related Terms

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Xi'An Shaangu Power Co (SHSE:601369) Business Description

Traded in Other Exchanges
N/A
Address
No.18 Shaangu Road, Lintong District, Xi'an, CHN, 710611
Xi'An Shaangu Power Co Ltd is engaged in providing systematic solutions and services for turbo-machinery in the fields of chemical industry, petroleum, metallurgical industry, air separation, power generation, civil construction, environmental protection, and national defense. Services are provided for axial compressors, energy recovery and power generation turbine unit, centrifugal compressors, centrifugal blowers, large fans and steam turbines.
Executives
Liu Jin Ping Director
Chen Yu Ping senior management
Zhao Guang senior management
Lin Man Xiang Supervisors
Wang Jian Xuan Director
Yang Kai senior management
Ye Zhang Qing senior management
Chen Dang Min Director
Cai Yuan Ming senior management
Du Jun Kang Supervisors
Yin Jian An Director
Li Hong An Director
Zhao Jia Wen senior management
Cai Xin Ping senior management
Sun Ji Rui Director

Xi'An Shaangu Power Co (SHSE:601369) Headlines

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