DHX Media Risk Analysis

DHX Media Ltd -- USA Stock  

USD 3.1  0.05  1.59%

We consider DHX Media unusually risky. DHX Media Ltd secures Sharpe Ratio (or Efficiency) of 0.0449 which denotes DHX Media Ltd had 0.0449% of return per unit of volatility over the last 1 month. Our approach towards predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for DHX Media Ltd which you can use to evaluate future volatility of the firm. Please confirm DHX Media Ltd Market Risk Adjusted Performance of 0.4311, Mean Deviation of 1.53 and Downside Deviation of 2.71 to check if risk estimate we provide are consistent with the epected return of 0.0996%.
Investment Horizon     30 Days    Login   to change

DHX Media Market Sensitivity

As returns on market increase, DHX Media returns are expected to increase less than the market. However during bear market, the loss on holding DHX Media will be expected to be smaller as well.
One Month Beta |Analyze DHX Media Ltd Demand Trend
Check current 30 days DHX Media correlation with market (DOW)
β = 0.3789
DHX Media Small BetaDHX Media Ltd Beta Legend

DHX Media Ltd Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. DHX Media Ltd Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, DHX Media has beta of 0.3789 suggesting as returns on market go up, DHX Media average returns are expected to increase less than the benchmark. However during bear market, the loss on holding DHX Media Ltd will be expected to be much smaller as well. Moreover, DHX Media Ltd has an alpha of 0.0635 implying that it can potentially generate 0.0635% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of DHX Media is 2226.66. The daily returns are destributed with a variance of 4.91 and standard deviation of 2.22. The mean deviation of DHX Media Ltd is currently at 1.51. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.0635
βBeta against DOW=0.38
σ
Overall volatility
=2.22
 IrInformation ratio =0.04

Actual Return Volatility

DHX Media Ltd inherits 2.2168% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.4705% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

DHX Media Volatility Factors

30 Days Market Risk

Unusually risky

Chance of Distress in 24 months

About average

30 Days Economic Sensitivity

Slowly supersedes market

Largest Trends

DHX Media Largest Period Trend

Investment Outlook

DHX Media Investment Opportunity
DHX Media Ltd has a volatility of 2.22 and is 4.72 times more volatile than DOW. 20% of all equities and portfolios are less risky than DHX Media. Compared to the overall equity markets, volatility of historical daily returns of DHX Media Ltd is lower than 20 (%) of all global equities and portfolios over the last 30 days. Use DHX Media Ltd to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of DHX Media to be traded at $3.01 in 30 days. As returns on market increase, DHX Media returns are expected to increase less than the market. However during bear market, the loss on holding DHX Media will be expected to be smaller as well.

DHX Media correlation with market

Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding DHX Media Ltd and equity matching DJI index in the same portfolio.