Second Sight Medical Volatility

EYESDelisted Stock  USD 4.14  0.20  4.61%   
We have found twenty-three technical indicators for Second Sight Medical, which you can use to evaluate the volatility of the company. Please validate Second Sight's Risk Adjusted Performance of (0.05), variance of 25.61, and Coefficient Of Variation of (976.48) to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. Key indicators related to Second Sight's volatility include:
30 Days Market Risk
Chance Of Distress
30 Days Economic Sensitivity
Second Sight Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Second daily returns, and it is calculated using variance and standard deviation. We also use Second's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Second Sight volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Second Sight can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Second Sight at lower prices. For example, an investor can purchase Second stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Second Sight's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving against Second Stock

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  0.54CTPR CTPartners ExecutivePairCorr
  0.52VNTN VentureNet CapitalPairCorr
  0.51SEMHF Siemens HealthineersPairCorr
  0.47SMMNY Siemens HealthineersPairCorr

Second Sight Market Sensitivity And Downside Risk

Second Sight's beta coefficient measures the volatility of Second stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Second stock's returns against your selected market. In other words, Second Sight's beta of 0.24 provides an investor with an approximation of how much risk Second Sight stock can potentially add to one of your existing portfolios. Second Sight Medical exhibits very low volatility with skewness of -0.55 and kurtosis of 3.73. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Second Sight's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Second Sight's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Second Sight Medical Demand Trend
Check current 90 days Second Sight correlation with market (NYSE Composite)

Second Beta

    
  0.24  
Second standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.0  
It is essential to understand the difference between upside risk (as represented by Second Sight's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Second Sight's daily returns or price. Since the actual investment returns on holding a position in second stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Second Sight.

Second Sight Medical Stock Volatility Analysis

Volatility refers to the frequency at which Second Sight delisted stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Second Sight's price changes. Investors will then calculate the volatility of Second Sight's stock to predict their future moves. A delisted stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile delisted stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Second Sight's volatility:

Historical Volatility

This type of delisted stock volatility measures Second Sight's fluctuations based on previous trends. It's commonly used to predict Second Sight's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Second Sight's current market price. This means that the delisted stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Second Sight's to be redeemed at a future date.
Transformation
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Second Sight Projected Return Density Against Market

Given the investment horizon of 90 days Second Sight has a beta of 0.2424 suggesting as returns on the market go up, Second Sight average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Second Sight Medical will be expected to be much smaller as well.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Second Sight or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Second Sight's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Second delisted stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Second Sight Medical has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Predicted Return Density   
       Returns  
Second Sight's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how second stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Second Sight Price Volatility?

Several factors can influence a delisted stock's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Second Sight Stock Return Volatility

Second Sight historical daily return volatility represents how much of Second Sight delisted stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 0.0% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.5731% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Second Sight Volatility

Volatility is a rate at which the price of Second Sight or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Second Sight may increase or decrease. In other words, similar to Second's beta indicator, it measures the risk of Second Sight and helps estimate the fluctuations that may happen in a short period of time. So if prices of Second Sight fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Second Sight Medical Products, Inc. develops, manufactures, and markets implantable visual prosthetics that are intended to deliver artificial vision to blind individuals. The company was founded in 1998 and is headquartered in Sylmar, California. Second Sight operates under Medical Devices classification in the United States and is traded on NAS Exchange. It employs 15 people.
Second Sight's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Second Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Second Sight's price varies over time.

3 ways to utilize Second Sight's volatility to invest better

Higher Second Sight's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Second Sight Medical stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Second Sight Medical stock volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Second Sight Medical investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Second Sight's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Second Sight's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Second Sight Investment Opportunity

NYSE Composite has a standard deviation of returns of 0.57 and is 9.223372036854776E16 times more volatile than Second Sight Medical. Compared to the overall equity markets, volatility of historical daily returns of Second Sight Medical is lower than 0 percent of all global equities and portfolios over the last 90 days. You can use Second Sight Medical to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Second Sight to be traded at $3.93 in 90 days.

Significant diversification

The correlation between Second Sight Medical and NYA is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Second Sight Medical and NYA in the same portfolio, assuming nothing else is changed.

Second Sight Additional Risk Indicators

The analysis of Second Sight's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Second Sight's investment and either accepting that risk or mitigating it. Along with some common measures of Second Sight stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar delisted stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Second Sight Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Second Sight as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Second Sight's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Second Sight's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Second Sight Medical.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Second Sight Medical information on this page should be used as a complementary analysis to other Second Sight's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Other Consideration for investing in Second Stock

If you are still planning to invest in Second Sight Medical check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Second Sight's history and understand the potential risks before investing.
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