Photronics Stock Performance

PLAB
 Stock
  

USD 14.88  0.25  1.71%   

The company holds a Beta of 1.5309, which implies a somewhat significant risk relative to the market. Let's try to break down what Photronics's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Photronics will likely underperform. Even though it is essential to pay attention to Photronics current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Photronics exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Photronics has an expected return of -0.2%. Please be advised to check Photronics sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance to decide if Photronics performance from the past will be repeated at some point in the near future.
  
Photronics Performance
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Over the last 90 days Photronics has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in October 2022. The current disturbance may also be a sign of long term up-swing for the company investors. ...more

Photronics Price Channel

Quick Ratio2.86
Fifty Two Week Low12.18
Target High Price30.00
Fifty Two Week High25.81
Target Low Price23.00

Photronics Relative Risk vs. Return Landscape

If you would invest  1,809  in Photronics on July 1, 2022 and sell it today you would lose (321.00)  from holding Photronics or give up 17.74% of portfolio value over 90 days. Photronics is currently does not generate positive expected returns and assumes 4.5657% risk (volatility on return distribution) over the 90 days horizon. In different words, 39% of stocks are less volatile than Photronics, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Photronics is expected to under-perform the market. In addition to that, the company is 4.04 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.06 per unit of volatility.

Photronics Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Photronics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Photronics, and traders can use it to determine the average amount a Photronics' 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 = -0.0446

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Negative ReturnsPLAB
Estimated Market Risk
 4.57
  actual daily
 
 39 %
of total potential
 
3939
Expected Return
 -0.2
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 0 %
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00
Risk-Adjusted Return
 -0.04
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00
Based on monthly moving average Photronics is performing at about 0% 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 Photronics by adding it to a well-diversified portfolio.

About Photronics Performance

To evaluate Photronics Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Photronics generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Photronics Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Photronics market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Photronics's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut. Photronics operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 1728 people.

Things to note about Photronics

Checking the ongoing alerts about Photronics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Photronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Photronics Alerts

Equity Alerts and Improvement Suggestions

Photronics generated a negative expected return over the last 90 days
Photronics has high historical volatility and very poor performance
Over 92.0% of the company shares are owned by institutional investors
Latest headline from www.nasdaq.com: Declining Stock and Solid Fundamentals Is The Market Wrong About Photronics, Inc. - Nasdaq
Please check Your Equity Center. Note that the Photronics information on this page should be used as a complementary analysis to other Photronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Photronics Stock analysis

When running Photronics price analysis, check to measure Photronics' 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 Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
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Is Photronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Photronics. If investors know Photronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Photronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine Photronics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.