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Volatility Analysis for Genzyme Corporation

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GENZ: Daily Volatility = Price Range as a percent of the daily average price.

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

So, to derive the Daily Volatility on 3/4/2010 of 1.5%, the price range for the day (0.89) was divided by the average price (56.83). The Daily Volatility is obtained by dividing the daily range by the daily average. A longer Volatility period such as Weekly Volatility is obtained by dividing the weekly price range by the weekly mean price. This is a different concept from the weekly average of daily volatility.

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. During 20 years, the Average Quarterly Volatility of GENZ stock price has been 32% while the Average Daily Volatility has been 4%.



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Volatility Curve of Genzyme Corporation

If you have ever seen a "yield curve" you should be able to understand the concept behind this "yield curve". Each Volatility Curve is a snapshot in time. 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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Daily Volatility Histogram of Genzyme Corporation

A frequency distribution of the green points on the first chart (the daily volatility) yields this histogram.



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Quarterly Volatility Histogram of Genzyme Corporation

In a similar vein, the Frequency Distribution of the Quarterly Volatility is plotted here. This is the distribution of the values plotted in purple on the top chart from this page.

For Subscribers: Refined Analysis of Genzyme Corporation Volatility and Risk Behavior

Refined Volatility Risk Analysis for GENZ :

Companies in the News:

In the news, Thursday, March 04, 2010: An unfavorable condition has developed with Abercrombie & Fitch Co., ticker symbol ANF. Also, there are breaking events concerning Micron Technology, Inc. (MU) and Ashland Inc. (ASH)

More GENZ Technical Analysis Topics

GENZ Price Predictions

Support and Resistance Levels

Politics and Prices of GENZ

Japanese Candlestick Analysis

Momentum Investing Indicators

GENZ Classical Analysis of Time Series

GENZ Historical Volume

GENZ Seasonal Trends

Back to GENZ Table of Contents


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