Chemanex PLC (Sri Lanka) Performance
| CHMXN0000 | LKR 153.25 0.25 0.16% |
The firm shows a Beta (market volatility) of -0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chemanex PLC are expected to decrease at a much lower rate. During the bear market, Chemanex PLC is likely to outperform the market. At this point, Chemanex PLC has a negative expected return of -0.0764%. Please make sure to confirm Chemanex PLC's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Chemanex PLC performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Chemanex PLC has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Chemanex PLC is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
Chemanex |
Chemanex PLC Relative Risk vs. Return Landscape
If you would invest 16,450 in Chemanex PLC on December 21, 2024 and sell it today you would lose (1,125) from holding Chemanex PLC or give up 6.84% of portfolio value over 90 days. Chemanex PLC is generating negative expected returns and assumes 3.227% volatility on return distribution over the 90 days horizon. Simply put, 28% of stocks are less volatile than Chemanex, and 99% 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 = -0.0237
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| Negative Returns | CHMXN0000 |
Estimated Market Risk
| 3.23 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Chemanex PLC is not performing at its full potential. However, 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 Chemanex PLC 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 generated a negative expected return over the last 90 days | |
| Chemanex PLC has high historical volatility and very poor performance |
- 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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