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Does GTT Communications, Inc. (NYSE:GTT) Have A Particularly Volatile Share Price?

Does GTT Communications, Inc. (NYSE:GTT) Have A Particularly Volatile Share Price?

GTT通信公司(紐約證券交易所代碼:GTT)的股價是否特別不穩定?
Simply Wall St ·  2019/12/24 23:09

Anyone researching GTT Communications, Inc. (NYSE:GTT) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern finance theory. Investors may think of volatility as falling into two main categories. First, we have company specific volatility, which is the price gyrations of an individual stock. Holding at least 8 stocks can reduce this kind of risk across a portfolio. The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market.

有沒有人在研究GTT通信,Inc.(紐約證券交易所代碼:GTT)可能需要考慮股價的歷史波動性。在現代金融理論中,波動率被認為是風險的一種衡量標準。投資者可能認為波動性分為兩大類。首先,我們有公司特有的波動率,這是單個股票的價格波動。持有至少8只股票可以降低投資組合中的這種風險。第二種是更廣泛的市場波動,你不能分散這種波動,因為它是由直接影響市場上所有股票的宏觀經濟因素引起的。

Some stocks are more sensitive to general market forces than others. Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). However, Warren Buffett said ‘volatility is far from synonymous with risk’ in his 2014 letter to investors. So, while useful, beta is not the only metric to consider. To use beta as an investor, you must first understand that the overall market has a beta of one. A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

一些股票對一般市場力量比其他股票更敏感。貝塔係數是一個有用的工具,可以用來了解一隻股票受市場風險(波動性)的影響有多大。不過,巴菲特(Warren Buffett)在2014年致投資者的信中説,波動性遠非風險的代名詞。因此,儘管貝塔係數很有用,但它並不是唯一需要考慮的指標。要使用貝塔係數作為投資者,你必須首先明白,整個市場的貝塔係數是1。貝塔係數低於1的股票要麼波動性低於市場,要麼波動性更大,但與整體市場沒有相關性。相比之下,貝塔係數超過1的股票從長期來看往往與市場走勢相似,但價格變化更大。

Check out our latest analysis for GTT Communications What we can learn from GTT’s beta value

檢查我們對GTT通信的最新分析我們可以從GTT的Beta值中學到什麼

Given that it has a beta of 1.52, we can surmise that the GTT Communications share price has been fairly sensitive to market volatility (over the last 5 years). Based on this history, investors should be aware that GTT Communications are likely to rise strongly in times of greed, but sell off in times of fear. Share price volatility is well worth considering, but most long term investors consider the history of revenue and earnings growth to be more important. Take a look at how GTT Communications fares in that regard, below.

鑑於GTT Communications的貝塔指數為1.52,我們可以推測,GTT Communications的股價對市場波動相當敏感(過去5年)。基於這段歷史,投資者應該心知肚明GTT Communications可能在貪婪時期強勁上漲,但在恐懼時期拋售。股價波動很值得考慮,但大多數長期投資者認為營收和盈利增長的歷史更重要。下面讓我們來看看GTT Communications在這方面的表現。

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Does GTT’s size influence the expected beta?

GTT的規模會影響預期的測試版嗎?

GTT Communications is a small cap stock with a market capitalisation of US$574m. Most companies this size are actively traded. It’s not particularly surprising that it has a higher beta than the overall market. That’s because it takes less money to influence the share price of a smaller company, than a bigger company. What this means for you:

GTT Communications是一隻市值5.74億美元的小盤股。大多數這種規模的公司交易活躍。它的貝塔係數高於整個市場,這並不特別令人驚訝。這是因為與大公司相比,影響小公司股價所需的資金更少。這對你意味着什麼:

Since GTT Communications has a reasonably high beta, it’s worth considering why it is so heavily influenced by broader market sentiment. For example, it might be a high growth stock or have a lot of operating leverage in its business model. This article aims to educate investors about beta values, but it’s well worth looking at important company-specific fundamentals such as GTT Communications’s financial health and performance track record. I urge you to continue your research by taking a look at the following: Future Outlook : What are well-informed industry analysts predicting for GTT’s future growth? Take a look at ourfree research report of analyst consensusfor GTT’s outlook. Past Track Record : Has GTT been consistently performing well irrespective of the ups and downs in the market? Go into more detail in the past performance analysis and take a look atthe free visual representations of GTT’s historicalsfor more clarity. Other Interesting Stocks : It’s worth checking to see how GTT measures up against other companies on valuation. You could start with thisfree list of prospective options.

既然GTT Communications有相當高的貝塔係數,那麼值得考慮的是,為什麼它會受到更廣泛的市場情緒的如此大的影響。例如,它可能是一隻高增長的股票,或者在其商業模式中有大量的運營槓桿。本文旨在教育投資者有關Beta值的知識,但值得一看的是重要的公司特定基本面,如GTT Communications的財務健康狀況和業績記錄。I建議您通過查看以下內容來繼續您的研究:未來展望:消息靈通的行業分析師對GTT未來的增長有什麼預測?看看我們關於分析師對GTT前景的一致意見的免費研究報告。過去的記錄:GTT是否一直表現良好,無論UPS以及市場的低迷?在過去的性能分析中進行更詳細的分析,並查看一下GTT歷史的免費視覺表示,以獲得更清晰的信息。其他有趣的股票:值得一查的是,GTT在估值方面與其他公司相比表現如何。你可以從這個免費的未來選擇列表開始。

If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

如果您發現需要更正的錯誤,請與編輯聯繫,電子郵件地址為edit-team@simplywallst.com。這篇由《華爾街日報》撰寫的文章本質上是籠統的。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。簡單地説,華爾街在上述股票中沒有頭寸。

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

我們的目標是為您帶來由基礎數據驅動的長期重點研究分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。感謝您的閲讀。

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這些股息豐厚的股票讓你的儲蓄賬户不堪重負。

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譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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