DHX Media Risk Analysis

DHX Media Ltd -- USA Stock  

USD 3.73  0.0699  1.84%

Macroaxis considers DHX Media to be extremely volatile. DHX Media Ltd secures Sharpe Ratio (or Efficiency) of -0.3988 which denotes DHX Media Ltd had -0.3988% of return per unit of volatility over the last 1 month. Macroaxis approach towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. DHX Media Ltd exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DHX Media Ltd Market Risk Adjusted Performance of 0.3004 and Mean Deviation of 3.24 to check risk estimate we provide.
Investment Horizon     30 Days    Login   to change

DHX Media Market Sensitivity

As returns on market increase, returns on owning DHX Media are expected to decrease by larger amounts. On the other hand, during market turmoil, DHX Media is expected to significantly outperform it.
One Month Beta |Analyze DHX Media Ltd Demand Trend
Check current 30 days DHX Media correlation with market (DOW)
β = -6.2757
DHX Media Large Negative BetaDHX Media Ltd Beta Legend

Projected Return Density Against Market

Given the investment horizon of 30 days, DHX Media Ltd has beta of -6.2757 suggesting as returns on its benchmark rise, returns on holding DHX Media Ltd are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, DHX Media is expected to outperform its benchmark. Additionally, DHX Media Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of DHX Media is -250.78. The daily returns are destributed with a variance of 20.69 and standard deviation of 4.55. The mean deviation of DHX Media Ltd is currently at 3.1. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23
α
Alpha over DOW
=(1.04) 
βBeta against DOW=(6.28) 
σ
Overall volatility
= 4.55 
 IrInformation ratio =(0.42) 

Actual Return Volatility

DHX Media Ltd inherits 4.5485% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.2303% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

DHX Media Volatility Factors

30 Days Market Risk

Extremely volatile

Chance of Distress in 24 months

Close to average

30 Days Economic Sensitivity

Completely opposite to market

Largest Trends

DHX Media Largest Period Trend

Investment Outlook

DHX Media Investment Opportunity
DHX Media Ltd has a volatility of 4.55 and is 19.78 times more volatile than DOW. 42% 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 42 (%) 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 $3.62 in 30 days. As returns on market increase, returns on owning DHX Media are expected to decrease by larger amounts. On the other hand, during market turmoil, DHX Media is expected to significantly outperform it.

DHX Media correlation with market

Very good 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.

Volatility Indicators

DHX Media Current Risk Indicators