Kitron ASA (Norway) Volatility
| KIT Stock | NOK 95.80 -3.25 -3.28% |
Kitron ASA retains moderate price volatility during the last 3 months. Kitron ASA continues to report a Sharpe ratio of 0.2, showing that returns compensated for risk over the last 3 months. The latest risk read is supported by 30 technical indicators.
Sharpe Ratio = 0.1997
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| Small Returns | KIT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.55 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Latest disclosures for Kitron ASA show a Market Risk Adjusted Performance of 1.3%, a Risk of 2.55, and a Risk Adjusted Performance of 0.2%. Monthly moving average analysis places Kitron ASA at roughly 15% of its prior performance bandwidth. Diversification effects depend on volatility and correlation structure across holdings. Correlation characteristics influence how Kitron ASA affects diversification outcomes.
Key indicators related to Kitron ASA's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Kitron ASA's volatility is most commonly measured using the annualized standard deviation of daily returns. Beta-adjusted market sensitivity and financial distress probability provide a robust estimate of Kitron ASA's overall risk level. For options traders, Kitron ASA's implied volatility surface provides a forward-looking estimate of future price dispersion.
Kitron |
Volatility Strategy
Kitron ASA price cycles can influence portfolio-level exposure concentration. Current statistical measures show total volatility near 2.55% with a beta coefficient of 0.41, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.2, evaluates return per unit of total risk. An alpha value of 0.58 reflects performance relative to systematic market exposure. Expected return estimates near 0.51% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Market-wide drawdowns may increase stock volatility.
Main indicators related to Kitron ASA's market risk premium analysis include:
Beta 0.41 | Alpha 0.58 | Risk 2.55 | Sharpe Ratio 0.2 | Expected Return 0.51 |
Moving together with Kitron Stock
| 0.66 | NAPA | Napatech AS | PairCorr |
| 0.74 | EQNR | Equinor ASA | PairCorr |
| 0.95 | FRO | Frontline | PairCorr |
| 0.9 | SUBC | Subsea 7 SA | PairCorr |
| 0.84 | LUMI | Lumi Gruppen AS | PairCorr |
| 0.89 | CMBTO | CmbTech NV | PairCorr |
| 0.72 | BMA | Byggma | PairCorr |
Moving against Kitron Stock
Sensitivity To Market
With a beta of 0.41, Kitron ASA shows measurable correlation with market returns. Beta is statistically defined as the regression slope between asset and benchmark returns. Current volatility is near 2.55%.Kitron ASA return variability over the selected time horizon is summarized by standard deviation (2.46%) and semi-deviation (1.96%). Volatility is commonly higher for smaller or less liquid equities due to wider spreads and thinner order books.
3 Months Beta |Analyze Kitron ASA Demand TrendCheck current 90 days Kitron ASA correlation with market (Dow Jones Industrial)Downside Risk
The standard deviation of Kitron measures how widely its daily prices are dispersed around the mean. High standard deviation points to high volatility; low standard deviation points to price stability. The standard deviation of Kitron prices measures volatility as the average daily spread from the mean.
Standard Deviation | 2.55 |
Standard deviation captures both upside and downside movement in Kitron ASA. While standard deviation captures total volatility, downside deviation focuses exclusively on the loss side of Kitron ASA's returns. For a complete risk picture of Kitron ASA, investors should examine both standard deviation and downside deviation. Latest disclosures for Kitron ASA show a Downside Deviation of 2.47, a Downside Variance of 6.10, and a Maximum Drawdown of 11.04.
Stock Volatility Analysis
Kitron ASA stock volatility is a measure of the speed and extent of Kitron ASA's price movements. A higher-volatility stock like Kitron ASA may generate large gains or losses in a short timeframe. In most cases, the higher the volatility, the riskier the stock.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. Kitron ASA Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Projected Return Density Against Market
Assuming the 90-day trading horizon Kitron ASA has a beta of 0.4111 . This indicates as returns on the market go up, Kitron ASA's average returns are expected to increase less than the benchmark. However, during a bear market, the loss from holding Kitron ASA is expected to be smaller as well.Systematic exposure aligns Kitron ASA with overall stock market volatility, while unsystematic drivers reflect company or sector-specific developments. Latest disclosures for Kitron ASA show a Downside Deviation of 2.47, a Mean Deviation of 1.93, and a Semi Deviation of 1.96.
Predicted Return Density |
| Returns |
What Drives Kitron ASA's Price Volatility?
Several factors can influence Kitron ASA's market volatility:Industry Dynamics
Sector-level events can directly affect Kitron ASA's price stability. Regulatory changes, supply disruptions, or shifts in demand within Kitron ASA's industry may create volatility even when the broader market is calm. Competitive dynamics and industry consolidation can also amplify price swings for companies like Kitron ASA.Political and Economic Environment
Macroeconomic conditions and policy decisions shape the backdrop for Kitron ASA's price movements. Interest rate changes, trade policy shifts, and fiscal legislation can all alter investor sentiment toward Kitron ASA. During periods of economic expansion, Kitron ASA's price tends to benefit from broader market optimism, while downturns can amplify selling pressure.Kitron ASA's Company-Specific Factors
Volatility can also stem from events unique to Kitron ASA. Earnings surprises, management changes, product launches, or legal developments may trigger sharp price reactions in Kitron ASA's stock. Conversely, operational setbacks, guidance revisions, or data breaches can weigh on Kitron ASA's share price.Stock Risk Measures
Assuming the 90-day trading horizon the coefficient of variation of Kitron ASA is 500.8. The daily returns are distributed with a variance of 6.5 and standard deviation of 2.55. The mean deviation of Kitron ASA is currently at 1.99. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 2.55 | |
Ir | Information ratio | 0.26 |
Stock Return Volatility
Daily return volatility for Kitron ASA measures how far stock returns deviate from their average on a day-to-day basis. The company shows 2.5486% volatility of returns over 90 trading days. For comparison, Dow Jones Industrial has volatility of 0.8242% on return distribution over a 90-day investment horizon. Performance |
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Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
Strong stock returns do not always mean Kitron ASA Company is outperforming its peers on a fundamental level. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kitron ASA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NORBT | 2.20 | 0.19 | 0.09 | 1.41 | 2.88 | 4.27 | 12.86 | |||
| ATEA | 0.96 | -0.24 | 0.00 | -3.19 | 0.00 | 1.50 | 7.28 | |||
| PEXIP | 1.48 | -0.25 | 0.00 | -27.74 | 0.00 | 2.60 | 8.01 | |||
| PLT | 1.90 | -0.25 | 0.00 | -0.71 | 0.00 | 3.45 | 10.29 | |||
| NEXT | 6.40 | -0.25 | 0.00 | -0.48 | 0.00 | 17.07 | 124.00 | |||
| ENSU | 1.72 | -0.36 | 0.00 | -1.67 | 0.00 | 2.70 | 13.18 | |||
| BOUV | 1.16 | -0.38 | 0.00 | -19.06 | 0.00 | 2.02 | 12.95 | |||
| SMCRT | 1.93 | -0.47 | 0.00 | 2.45 | 0.00 | 3.68 | 11.25 | |||
| NAPA | 2.75 | 0.06 | 0.03 | 0.00 | 3.13 | 5.86 | 20.26 | |||
| SMOP | 2.37 | 0.51 | 0.25 | 6.71 | 2.02 | 5.32 | 15.18 |
Risk Metrics, Assumptions & Methodology
Volatility for Kitron ASA measures return dispersion and uncertainty over time. Dispersion metrics refine allocation models across asset classes. Kitron ASA has a market cap of 5.56 B, P/E of 15.74, ROE of 19.31%.
Unless otherwise specified, data for Kitron ASA is compiled from periodic company reporting and market reference feeds and standardized for comparability. Updates may occur throughout the day. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Raphi Shpitalnik - Junior Member of Macroaxis Editorial BoardKitron ASA Investment Opportunity
Recent data suggests that Kitron ASA is meaningfully more volatile than Dow Jones Industrial, by roughly a 3.11x factor. Across the current 90-day horizon, that places the security below 22% of the broader equity and portfolio universe on a pure volatility basis.You can use Kitron ASA to protect the portfolio against small market fluctuations. This move summary looks at how the current session may translate into a basic near-term setup. It is intended to separate routine noise from more speculative bursts in price action. an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Kitron ASA to be traded at 91.97 in 90 days.Excellent diversification
Kitron ASA currently posts a -0.15 correlation with Dow Jones, indicating a Excellent diversification relationship for the active sample. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
Kitron ASA Additional Risk Indicators
Looking at additional risk metrics for Kitron ASA frames how the position may behave under different market and portfolio conditions. A disciplined risk review provides context for deciding whether exposure should be maintained, reduced, or offset elsewhere in the portfolio.
| Risk Adjusted Performance | 0.186 | |||
| Market Risk Adjusted Performance | 1.32 | |||
| Mean Deviation | 1.93 | |||
| Semi Deviation | 1.96 | |||
| Downside Deviation | 2.47 | |||
| Coefficient Of Variation | 447.5 | |||
| Standard Deviation | 2.46 |
Kitron ASA Suggested Diversification Pairs
Pair trading with Kitron ASA can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. A disciplined pair strategy still requires monitoring because correlation can weaken when market regimes change.
Pair diversification lowers overall risk, though certain risk categories remain unaffected regardless of how positions are paired. Systematic risk - the risk tied to the overall market - cannot be eliminated by pairing Kitron ASA with another position. However, Kitron ASA's company-specific risk can be partially offset by selecting a pair that does not move in lockstep with Kitron ASA.
More Resources for Kitron Stock Analysis
Other Information on Investing in Kitron Stock
Kitron ASA ratios capture relationships across its reported financial data. This information is derived from the most recent year, quarter, or monthly reporting available.