Calpine Historical Volatility

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This chart shows Volatility for Calpine, defined to be the price range as a portion of the average price:

So, to derive the Daily Volatility on 10/19/2005 of 4.6%, the price range for the day (0.11) was divided by the average price (2.38). Daily Volatility (the daily range as a portion of the daily average price) is plotted in green. Blue is Weekly Volatility, which is the weekly range as a portion of the weekly average price. It is important to avoid confusing this with the weekly average of the daily volatility, which is a completely different concept.

For reference, the price is plotted in red. Volatility, as measured through various intervals, ( Daily, Weekly, Monthly and Quarterly) is plotted according to color.

According to academic theory, Volatility is exactly equal to Risk. But investors often make a distinction between these two concepts. The different character of Volatility as seen in different time frames, lends some support to the investor's view. Average Daily Volatility over the history of CPN has been 5% in contrast to the Average Quarterly Volatility of 55%.

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You may be familiar with the "yield curve" which shows how interest bearing yields vary according to term. These Volatility Curves each apply to a discrete time interval. As the timespan across which Volatility is measured increases, the Volatility is expected to increase. The relationship between the length of time, and the expected change in price, is not linear, as is demonstrated by this chart.

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This histogram is a frequency distribution of Daily Volatility, corresponding to the green points on the first chart on this page.

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Similarly, the purple points on the top chart, the Quarterly Volatility Values, are subjected to frequency distribution here.

For Subscribers: Refined Analysis of Calpine Volatility and Risk Behavior

Refined Volatility Risk Analysis for CPN :

Companies in the News:

In the news, Wednesday, July 01, 2009: An unfavorable condition has developed with Lexmark International, Inc., ticker symbol LXK. Also, there are breaking events concerning Lennar Corporation (LEN) and The Travelers Companies, Inc. (TRV)

Calpine Historical Volatility

For Subscribers: Refined Analysis of Calpine Volatility and Risk Behavior

Refined Volatility Risk Analysis for CPN :

Companies in the News:

More CPN Technical Analysis Topics

Information on public pages is delayed. Associates of Hybrid Technical may hold positions in issues covered here. These reports are not to be used for stock-picking or investment decision support. Any such use is strictly prohibited.

Calpine Historical Volatility

For Subscribers: Refined Analysis of Calpine Volatility and Risk Behavior

Refined Volatility Risk Analysis for CPN :

Companies in the News:

More CPN Technical Analysis Topics

CPN Price PredictionsSupport and Resistance LevelsVolume Stratification AnalysisPolitics and Prices of CPNJapanese Candlestick AnalysisMomentum Investing IndicatorsCPN Classical Analysis of Time SeriesCPN Historical VolumeCPN Seasonal TrendsMarket SentimentBack to CPN Table of Contents

Information on public pages is delayed. Associates of Hybrid Technical may hold positions in issues covered here. These reports are not to be used for stock-picking or investment decision support. Any such use is strictly prohibited.