Chemanex PLC (Sri Lanka) Performance
| CHMXN0000 | LKR 184.75 5.00 2.78% |
Chemanex PLC holds a performance score of 26 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chemanex PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chemanex PLC is expected to be smaller as well. Use Chemanex PLC standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to analyze future returns on Chemanex PLC.
Risk-Adjusted Performance
26 of 100
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Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Chemanex PLC are ranked lower than 26 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Chemanex PLC sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
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Chemanex PLC Relative Risk vs. Return Landscape
If you would invest 8,200 in Chemanex PLC on October 8, 2024 and sell it today you would earn a total of 10,275 from holding Chemanex PLC or generate 125.3% return on investment over 90 days. Chemanex PLC is generating 1.5275% of daily returns and assumes 4.4721% volatility on return distribution over the 90 days horizon. Simply put, 39% of stocks are less volatile than Chemanex, and 70% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Chemanex PLC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemanex PLC's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Chemanex PLC, and traders can use it to determine the average amount a Chemanex PLC's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3416
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Estimated Market Risk
| 4.47 actual daily | 39 61% of assets are more volatile |
Expected Return
| 1.53 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.34 actual daily | 26 74% of assets perform better |
Based on monthly moving average Chemanex PLC is performing at about 26% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Chemanex PLC by adding it to a well-diversified portfolio.
About Chemanex PLC Performance
By analyzing Chemanex PLC's fundamental ratios, stakeholders can gain valuable insights into Chemanex PLC's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Chemanex PLC has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Chemanex PLC has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Chemanex PLC performance evaluation
Checking the ongoing alerts about Chemanex PLC for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Chemanex PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Chemanex PLC appears to be risky and price may revert if volatility continues |
- Analyzing Chemanex PLC's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Chemanex PLC's stock is overvalued or undervalued compared to its peers.
- Examining Chemanex PLC's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Chemanex PLC's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Chemanex PLC's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Chemanex PLC's stock. These opinions can provide insight into Chemanex PLC's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Chemanex Stock analysis
When running Chemanex PLC's price analysis, check to measure Chemanex PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chemanex PLC is operating at the current time. Most of Chemanex PLC's value examination focuses on studying past and present price action to predict the probability of Chemanex PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemanex PLC's price. Additionally, you may evaluate how the addition of Chemanex PLC to your portfolios can decrease your overall portfolio volatility.
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