For today, we decided to bring you a brief overview of the standard deviations of weekly returns of the SBI TOP components, in order to see their volatility since the beginning of the year.

We used candle stick charts to show the range of the returns. The thin vertical lines represent the maximum and the minimum weekly return, while the inner gold column represents the range of one standard deviation around the average return. Higher volatility means that the price of the security has changed significantly in both ways in the course of the year.

YTD Volatility of SBI TOP Constituents

When looking at the SBI TOP components, one can notice that the highest volatility was recorded by shares that usually record very low liquidity in the market. Therefore, the leader in volatility up to this point in the year was Intereuropa with a standard deviation of 8.6% followed by KD Group (4.8%).

Intereuropa also recorded the lowest single weekly return, amounting to -46.2% which occurred this week. The mentioned decrease occurred after the announcement that Pošta Slovenije concluded the agreement for the sale and purchase of shares of Intereuropa. The mentioned agreement was concluded with a consortium of banks which include SID Banka, NLB, Nova KBM, Gorenjska Banka, SKB and Banka Intesa Sanpaolo. According to the announcement, Pošta Slovenije will acquire 9,168,425 ordinary shares and 10,657,965 preference shares at a single price of EUR 1.45 per share.

Cinkarna Celje follows, with a single week return of -10.3%, which occurred in the week of the company’s ex-date. As a reminder, Cinkarna had the highest dividend yield of all SBI TOP components of 13%.

On the flip side, two components of the SBI TOP index recorded a double-digit single week return – KD Group (+21%) and Telekom Slovenije (13%).

As observable in the graph, Petrol and Sava Re observed the lowest standard deviation of 1.8%, followed by Krka with 1.9%.