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Tongda Group Holdings (HKSE:00698) Volatility : 61.68% (As of Jun. 07, 2024)


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What is Tongda Group Holdings 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 (2024-06-07), Tongda Group Holdings's Volatility is 61.68%.


Competitive Comparison of Tongda Group Holdings's Volatility

For the Electronic Components subindustry, Tongda Group Holdings'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.


Tongda Group Holdings's Volatility Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tongda Group Holdings's Volatility distribution charts can be found below:

* The bar in red indicates where Tongda Group Holdings's Volatility falls into.



Tongda Group Holdings  (HKSE:00698) 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.


Tongda Group Holdings  (HKSE:00698) 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.


Tongda Group Holdings Volatility Related Terms

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Tongda Group Holdings (HKSE:00698) Business Description

Traded in Other Exchanges
Address
6-8 Harbour Road, Room 1201-02, 12th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Tongda Group Holdings Ltd is a solutions provider of precise products for smart mobile communications and consumer electronic devices, with five business segments. The Handset casings and high-precision components segment, which generates the majority revenue, produces handset cases and related components. The household and sports goods segment consists of durable household goods, household utensils and sports goods. The network communications facilities and others segment produces set-top box casings and interior decorations of automotive. It generates majority of its revenue from mainland China.
Executives
Landmark Worldwide Holdings Limited 2101 Beneficial owner
Wang Ya Nan 2201 Interest of corporation controlled by you
Wong Ah Yeung 2201 Interest of corporation controlled by you
Wong Ah Yu 2201 Interest of corporation controlled by you
Wang Ya Hua 2201 Interest of corporation controlled by you

Tongda Group Holdings (HKSE:00698) Headlines

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