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Volatility Analysis for Talisman

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

Volatility is defined as the price range for a period, divided by the average price for the period:

For instance, on 6/30/2009 the average price was 14.3 with a range of 0.63, indicating a Daily Volatility of 4.4%. 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. 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.

Investors often make a distinction between the concept of Volatility, and the concept of Risk. Academics define them to be exactly equivalent, but as can be seen here, there is good reason to distinguish between the levels of volatility or risk experienced across different time frames. During 12 years, the Average Quarterly Volatility of TLM stock price has been 28% while the Average Daily Volatility has been 3%.



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Volatility Curve of Talisman

You may be familiar with the "yield curve" which shows how interest bearing yields vary according to term. 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 Talisman

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



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TLM:  Quarterly Volatility Histogram

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 Talisman Volatility and Risk Behavior

Refined Volatility Risk Analysis for TLM :


Companies in the News:

Wednesday, July 01, 2009: We have news on Public Service Enterprise Group Inc., ticker symbol PEG. Signs of an over-bought condition have become noticable. Also, there are breaking events concerning The Travelers Companies, Inc. and Kellogg Company.

From the News Archive: (7/1/2009 ) Favorable events happened at Allegheny Energy, Inc., Bank of America Corporation, and American International Group, Inc.. Meanwhile, bad news came from Lexmark International, Inc..


More TLM Technical Analysis Topics

TLM Price Predictions

Support and Resistance Levels

Politics and Prices of TLM

Japanese Candlestick Analysis

Momentum Investing Indicators

TLM Classical Analysis of Time Series

TLM Historical Volume

TLM Seasonal Trends

Market Sentiment

Back to TLM Table of Contents


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