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 TrendCheck current 30 days DHX Media correlation with market (DOW)|
β = 0.3789
DHX Media Ltd Technical Analysis
Projected Return Density Against MarketGiven 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).
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