Alloy Steel Inc. (fka AYSI)

[DaveinHackensack]

Volatility is a flawed measure of risk.

Think of AYSI as one example: it has been a lot more volatile than it has been risky over the last year. That doesn't mean AYSI hasn't had risk, just that AYSI was not as risky as its volatility implied.

Instead of volatility of a company's share price, it's better to focus on the future prospects for that company's business, and the financial strength of the company (to gauge the chances it will be around to profit from those future prospects).