Momentum Stock in Focus: Enphase Energy (NASDAQ:ENPH)
Enphase Energy (NASDAQ:ENPH) STOCK IN FOCUS:
Volatility in Focus:
The stock unfolded Volatility or average true range percent (ATRP 14) at 12.9%. Volatility is a rate at which the price of a security increases or decreases for a given set of returns. Average true range percent (ATRP) measures volatility on a relative level. This is opposed to the ATR, which measures volatility on an absolute level. ATRP allows securities to be compared whereas ATR does not. That means lower-priced stocks won’t necessarily have lower ATR values than higher priced stocks.
Beta factor is now at 1.155385. BETA indicates whether a stock is more or less volatile than the market as a whole. A stock that has a beta score higher than 1 means that volatility is high, while less than 1 means that volatility i ...