Market Volatility

Obtain HouseCanary's proprietary market volatility metrics for a local ZIP code, including beta, Sharpe ratio, and Modigliani-Modigliani risk-adjusted return, based on the HouseCanary home price index (HPI).

Source: HouseCanary

Pricing Tier: Basic

Updated: Monthly

Request Query Params

<table><tr><th>Property</th><th>Type</th><th>Description</th><th>Example</th></tr> <tr><td>zipcode</td><td>string</td><td>5-digit zipcode</td><td>33019</td> </tr> </table>

Response

<table><tr><th>Field</th><th>Type</th><th>Description</th><th>Example</th></tr> <tr><td>beta</td><td>number</td><td>Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. Beta is calculated by comparing the security's or portfolio's price movement to the movement of the market index. A beta of 1 indicates that the security's price moves with the market. A beta above 1 indicates that the security's price is more volatile than the market, while a beta below 1 indicates that the security's price is less volatile than the market.</td><td>1.2</td> </tr> <tr><td>sharpe_ratio</td><td>number</td><td>Sharpe ratio is a measure for calculating risk-adjusted return. It is the average return earned in excess of the risk-free rate per unit of volatility or total risk. A high Sharpe ratio indicates that the risk-adjusted return is high. A low Sharpe ratio indicates that the risk-adjusted return is low.</td><td>0.75</td> </tr> <tr><td>modigliani_risk_adjusted_return</td><td>number</td><td>Measure of volatility in zip HPI relative to national HPI. Values greater than 1 indicate that zip HPI is more volatile.</td><td>0.85</td> </tr> </table>

[
  {
    "zip/volatility": {
      "result": {
        "beta": 1.2,
        "sharpe_ratio": 0.75,
        "modigliani_risk_adjusted_return": 0.85
      }
    },
    "zipcode_info": {
      "zip": "33019"
    }
  }
]