Macroaxis considers Prime Focus to be not too volatile. Prime Focus Limited maintains Sharpe Ratio (i.e. Efficiency) of -0.0673 which implies Prime Focus Limited had -0.0673% of return per unit of risk over the last 2 months. Macroaxis philosophy towards forecasting 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. Prime Focus Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Prime Focus Limited Coefficient Of Variation of
(960.68) and Risk Adjusted Performance of (0.13) to confirm risk estimate we provide.
|Horizon||30 Days Login to change|
Prime Focus Market Sensitivity
|As returns on market increase, returns on owning Prime Focus are expected to decrease at a much smaller rate. During bear market, Prime Focus is likely to outperform the market.2 Months Beta |Analyze Prime Focus Limited Demand TrendCheck current 30 days Prime Focus correlation with market (DOW)|
β = -0.0692
Prime Focus Central Daily Price Deviation
Prime Focus Limited Technical Analysis
Prime Focus Projected Return Density Against MarketAssuming 30 trading days horizon, Prime Focus Limited has beta of -0.0692 . This implies as returns on benchmark increase, returns on holding Prime Focus are expected to decrease at a much smaller rate. During bear market, however, Prime Focus Limited is likely to outperform the market. Additionally, Prime Focus Limited 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
Assuming 30 trading days horizon, the coefficient of variation of Prime Focus is -1486.29. The daily returns are destributed with a variance of 10.03 and standard deviation of 3.17. The mean deviation of Prime Focus Limited is currently at 2.22. For similar time horizon, the selected benchmark (DOW) has volatility of 1.3
|Alpha over DOW||=||0.36|
|Beta against DOW||=||0.07|
Prime Focus Return VolatilityPrime Focus Limited accepts 3.1671% volatility on return distribution over the 30 days horizon. DOW inherits 1.3487% risk (volatility on return distribution) over the 30 days horizon.
Prime Focus Limited has a volatility of 3.17 and is 2.35 times more volatile than DOW. 28% of all equities and portfolios are less risky than Prime Focus. Compared to the overall equity markets, volatility of historical daily returns of Prime Focus Limited is lower than 28 (%) of all global equities and portfolios over the last 30 days. Use Prime Focus Limited to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Prime Focus to be traded at 59.41 in 30 days. As returns on market increase, returns on owning Prime Focus are expected to decrease at a much smaller rate. During bear market, Prime Focus is likely to outperform the market.
Prime Focus correlation with market