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 TrendCheck current 30 days DHX Media correlation with market (DOW)|
β = -6.2757
Projected Return Density Against MarketGiven 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
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