94% of Singapore’s billionaire firms generated more than normal price swings in September

Find out which companies have the highest volatility levels.

There are 111 SGX-listed companies which have a market capitalisation of at least $1b, and they generated an average 2014 year-to-date total return of 11.3%.

SGX reported that while the STI generated average annualised volatility of 7.2% during September, 105 stocks of the 111 stocks generated more price swings than the Index.

Of these 111 securities, the five with the highest volatility levels in the month thus far were Yuexiu Property Co, STATS ChipPAC, Petra Foods, Pacific Radiance and Oxley Holdings. STATS ChipPAC and Pacific Radiance were also among the five best performing stocks in price gain year-to-date.

Here’s more from SGX:

According to Bloomberg, volatility is the relative rate at which the price of a security moves up and down, found by calculating the annualised standard deviation of daily change in price. In other words, volatility can provide an insight into how much risk was undertaken to generate a return. The average month-to-date annualised volatility of these five stocks at 49.5% was almost three times that of the average of the 111 billion-capitalised stocks at 17.3%. Annualised volatility of 17.3% means that based on the moves over the first 26 trading sessions of September the stock generated swings that would extrapolate to a move of 17.3% over the course of a year.

As of 29 September 2014, STATS ChipPAC, the second most volatile stock in the month-to-date, generated the second highest 2014 year-to-date price gain of 83.3%. Pacific Radiance, the fourth volatile stock, generated the sixth highest year-to-date price gain of 55.4%.