DHX Media Risk Analysis And Volatility

DHXM -- USA Stock  

Fiscal Quarter End: December 31, 2019  

Macroaxis considers DHX Media abnormally volatile given 3 months investment horizon. DHX Media Ltd secures Sharpe Ratio (or Efficiency) of 0.0619 which denotes the organization had 0.0619% of return per unit of volatility over the last 3 months. Our approach towards predicting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for DHX Media Ltd which you can use to evaluate future volatility of the firm. Please utilize DHX Media Ltd Downside Deviation of 3.07, Market Risk Adjusted Performance of 0.1413 and Mean Deviation of 2.79 to check if our risk estimates are consistent with your expectations.
Interest Expense

90 Days Market Risk

Abnormally volatile

Chance of Distress in 24 months

Close to average

90 Days Economic Sensitivity

Almost mirrors market
Horizon     30 Days    Login   to change

DHX Media Market Sensitivity

DHX Media returns are very sensitive to returns on the market. As market goes up or down, DHX Media is expected to follow.
3 Months Beta |Analyze DHX Media Ltd Demand Trend
Check current 30 days DHX Media correlation with market (DOW)
β = 1.1368

DHX Media Central Daily Price Deviation

DHX Media Ltd Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. 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.

DHX Media Projected Return Density Against Market

Given the investment horizon of 30 days, the stock has beta coefficient of 1.1368 suggesting DHX Media Ltd market returns are highly reactive to returns on the market. As the market goes up or down, DHX Media is expected to follow. Moreover, The company has an alpha of 0.0412 implying that it can potentially generate 0.0412% 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 1615.66. The daily returns are destributed with a variance of 13.97 and standard deviation of 3.74. The mean deviation of DHX Media Ltd is currently at 2.73. For similar time horizon, the selected benchmark (DOW) has volatility of 0.85
α
Alpha over DOW
=0.0412
β
Beta against DOW=1.14
σ
Overall volatility
=3.74
Ir
Information ratio =0.0141

DHX Media Return Volatility

the business inherits 3.737% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.7413% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

DHX Media Investment Opportunity

DHX Media Ltd has a volatility of 3.74 and is 5.05 times more volatile than DOW. 33  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 33 () of all global equities and portfolios over the last 30 days. Use DHX Media Ltd to protect your portfolios against small markets fluctuations. The stock experiences very speculative upward sentiment. Check odds of DHX Media to be traded at $1.216 in 30 days. . DHX Media returns are very sensitive to returns on the market. As market goes up or down, DHX Media is expected to follow.

DHX Media correlation with market

correlation synergy
Modest 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.

DHX Media Current Risk Indicators

DHX Media Suggested Diversification Pairs

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