Atlassian Stock Volatility

TEAM
 Stock
  

USD 283.37  5.99  2.07%   

Atlassian Cls appears to be very steady, given 3 months investment horizon. Atlassian Cls A secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had 0.19% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By analyzing Atlassian Cls A technical indicators you can presently evaluate if the expected return of 0.93% is justified by implied risk. Please makes use of Atlassian Cls' Mean Deviation of 3.81, risk adjusted performance of 0.2409, and Downside Deviation of 4.79 to double-check if our risk estimates are consistent with your expectations.
  
Atlassian Cls 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 Atlassian daily returns, and it is calculated using variance and standard deviation. We also use Atlassian's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Atlassian Cls volatility.

720 Days Market Risk

Very steady

Chance of Distress

Very Low

720 Days Economic Sensitivity

Hyperactively responds to market trends
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Atlassian Cls 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 Atlassian Cls at lower prices. For example, an investor can purchase Atlassian 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 Atlassian Cls' 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 together with Atlassian Cls

0.75CRMSalesforcePairCorr
0.88INTUIntuit Inc Fiscal Year End 23rd of August 2022 PairCorr
0.63NOWServicenowPairCorr
0.87UBERUber Technologies Tech BoostPairCorr

Atlassian Cls Market Sensitivity And Downside Risk

Atlassian Cls' beta coefficient measures the volatility of Atlassian stock compared to the systematic risk of the entire stock 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 Atlassian stock's returns against your selected market. In other words, Atlassian Cls's beta of 2.3 provides an investor with an approximation of how much risk Atlassian Cls stock can potentially add to one of your existing portfolios.
Atlassian Cls A exhibits above-average semi-deviation for your current time horizon. We encourage investors to investigate Atlassian Cls A individually to make sure intended market timing strategies and available technical indicators are consistent with their estimates about Atlassian Cls future systematic risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Atlassian Cls' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Atlassian Cls' 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 stocks as prices fall.

Atlassian Cls Implied Volatility

Atlassian Cls' implied volatility exposes the market's sentiment of Atlassian Cls A stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Atlassian Cls' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Atlassian Cls stock will not fluctuate a lot when Atlassian Cls' options are near their expiration.
3 Months Beta |Analyze Atlassian Cls A Demand Trend
Check current 90 days Atlassian Cls correlation with market (DOW)

Atlassian Beta

    
  2.3  
Atlassian standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity 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

    
  4.76  
It is essential to understand the difference between upside risk (as represented by Atlassian Cls's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Atlassian Cls' daily returns or price. Since the actual investment returns on holding a position in atlassian 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 Atlassian Cls.

Using Atlassian Put Option to Manage Risk

Put options written on Atlassian Cls grant holders of the option the right to sell a specified amount of Atlassian Cls at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Atlassian Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Atlassian Cls' position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding Atlassian Cls will be realized, the loss incurred will be offset by the profits made with the option trade.

Atlassian Cls' PUT expiring on 2022-08-19

   Profit   
Share
       Atlassian Cls Price At Expiration  

Current Atlassian Cls Insurance Chain

DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Put
2022-08-19 PUT at $340.0-0.99626.0E-412022-08-1949.5 - 51.856.6View
Put
2022-08-19 PUT at $330.0-0.97380.003212022-08-1939.8 - 41.846.4View
Put
2022-08-19 PUT at $320.0-0.94650.006622022-08-1930.1 - 31.939.1View
Put
2022-08-19 PUT at $315.0-0.92530.008542022-08-1925.3 - 27.029.7View
Put
2022-08-19 PUT at $310.0-0.90070.0115102022-08-1920.4 - 22.224.3View
Put
2022-08-19 PUT at $305.0-0.86530.0161272022-08-1915.9 - 17.127.25View
Put
2022-08-19 PUT at $300.0-0.7690.0222272022-08-1912.0 - 12.813.3View
Put
2022-08-19 PUT at $295.0-0.64420.0265302022-08-198.6 - 9.210.0View
Put
2022-08-19 PUT at $290.0-0.50650.02771122022-08-195.7 - 6.56.05View
Put
2022-08-19 PUT at $285.0-0.3720.02561152022-08-193.7 - 4.14.28View
Put
2022-08-19 PUT at $282.5-0.30870.0239672022-08-192.9 - 3.33.0View
View All Atlassian Cls Options

Atlassian Cls A Stock Volatility Analysis

Volatility refers to the frequency at which Atlassian Cls stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Atlassian Cls' price changes. Investors will then calculate the volatility of Atlassian Cls' stock to predict their future moves. A 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 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 Atlassian Cls' volatility:

Historical Volatility

This type of stock volatility measures Atlassian Cls' fluctuations based on previous trends. It's commonly used to predict Atlassian Cls' 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 Atlassian Cls' current market price. This means that the stock will return to its initially predicted market price.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Atlassian Cls A 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.
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Atlassian Cls Projected Return Density Against Market

Given the investment horizon of 90 days the stock has the beta coefficient of 2.2989 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Atlassian Cls will likely underperform.
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 Atlassian Cls or Technology 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 Atlassian Cls' 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 Atlassian 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.
The company has an alpha of 0.6885, implying that it can generate a 0.69 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
Atlassian Cls' volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how atlassian 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 an Atlassian Cls Price Volatility?

Several factors can influence a Stock's stock 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.

Atlassian Cls Stock Risk Measures

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 Atlassian Cls or Technology 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 Atlassian Cls' 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 Atlassian 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.
Given the investment horizon of 90 days the coefficient of variation of Atlassian Cls is 513.54. The daily returns are distributed with a variance of 22.63 and standard deviation of 4.76. The mean deviation of Atlassian Cls A is currently at 3.5. For similar time horizon, the selected benchmark (DOW) has volatility of 1.25
α
Alpha over DOW
0.69
β
Beta against DOW2.30
σ
Overall volatility
4.76
Ir
Information ratio 0.16

Atlassian Cls Stock Return Volatility

Atlassian Cls historical daily return volatility represents how much of Atlassian Cls stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 4.7573% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 1.1712% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
       Timeline  

About Atlassian Cls Volatility

Volatility is a rate at which the price of Atlassian Cls 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 Atlassian Cls may increase or decrease. In other words, similar to Atlassian's beta indicator, it measures the risk of Atlassian Cls and helps estimate the fluctuations that may happen in a short period of time. So if prices of Atlassian Cls 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.
Last ReportedProjected for 2022
Market Capitalization4.9 B4.8 B
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia. Atlassian Cls operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 8179 people.

Atlassian Cls Investment Opportunity

Atlassian Cls A has a volatility of 4.76 and is 4.07 times more volatile than DOW. 41  of all equities and portfolios are less risky than Atlassian Cls. Compared to the overall equity markets, volatility of historical daily returns of Atlassian Cls A is lower than 41 () of all global equities and portfolios over the last 90 days.
Use Atlassian Cls A to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Atlassian Cls to be traded at $272.04 in 90 days. .

Very weak diversification

The correlation between Atlassian Cls A and DJI is Very weak diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlassian Cls A and DJI in the same portfolio, assuming nothing else is changed.

Atlassian Cls Additional Risk Indicators

The analysis of Atlassian Cls' 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 Atlassian Cls' investment and either accepting that risk or mitigating it. Along with some common measures of Atlassian Cls 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.
Risk Adjusted Performance0.2409
Market Risk Adjusted Performance0.4187
Mean Deviation3.81
Semi Deviation4.06
Downside Deviation4.79
Coefficient Of Variation533.96
Standard Deviation5.07
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 stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Atlassian Cls 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.
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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 Atlassian Cls 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. Atlassian Cls' 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, Atlassian Cls' 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 Atlassian Cls A.
Additionally, take a look at World Market Map. Note that the Atlassian Cls A information on this page should be used as a complementary analysis to other Atlassian Cls' 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Atlassian Cls A price analysis, check to measure Atlassian Cls' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atlassian Cls is operating at the current time. Most of Atlassian Cls' value examination focuses on studying past and present price action to predict the probability of Atlassian Cls' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atlassian Cls' price. Additionally, you may evaluate how the addition of Atlassian Cls to your portfolios can decrease your overall portfolio volatility.
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Is Atlassian Cls' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atlassian Cls. If investors know Atlassian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atlassian Cls listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.72
Market Capitalization
72.9 B
Quarterly Revenue Growth YOY
0.36
Return On Assets
-0.0211
Return On Equity
-1.95
The market value of Atlassian Cls A is measured differently than its book value, which is the value of Atlassian that is recorded on the company's balance sheet. Investors also form their own opinion of Atlassian Cls' value that differs from its market value or its book value, called intrinsic value, which is Atlassian Cls' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atlassian Cls' market value can be influenced by many factors that don't directly affect Atlassian Cls' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atlassian Cls' value and its price as these two are different measures arrived at by different means. Investors typically determine Atlassian Cls value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlassian Cls' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.