Photronics Stock Alpha and Beta Analysis

PLAB
 Stock
  

USD 14.63  0.40  2.81%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Photronics. It also helps investors analyze the systematic and unsystematic risks associated with investing in Photronics over a specified time horizon. Remember, high Photronics' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Photronics Backtesting, Photronics Valuation, Photronics Correlation, Photronics Hype Analysis, Photronics Volatility, Photronics History and analyze Photronics Performance.
  
Please note that although Photronics alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Photronics did 0.17  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Photronics stock's relative risk over its benchmark. Photronics has a beta of 2.14  . 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.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Photronics Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Photronics market risk premium is the additional return an investor will receive from holding Photronics long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Photronics. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Photronics' performance over market.
α-0.17   β2.14
90 days against DJI

Photronics expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Photronics' Buy-and-hold return. Our buy-and-hold chart shows how Photronics performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Photronics Market Price Analysis

Market price analysis indicators help investors to evaluate how Photronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Photronics shares will generate the highest return on investment. By understating and applying Photronics stock market price indicators, traders can identify Photronics position entry and exit signals to maximize returns.

Photronics Return and Market Media

The median price of Photronics for the period between Thu, Jun 30, 2022 and Wed, Sep 28, 2022 is 19.49 with a coefficient of variation of 17.47. The daily time series for the period is distributed with a sample standard deviation of 3.49, arithmetic mean of 19.98, and mean deviation of 3.11. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Sale by Mitchell Tyson of 2000 shares of Photronics07/06/2022
2
Zacks.com featured highlights StoneX Group, Photronics, Fran...07/20/2022
3
EPS Estimate07/28/2022
4
Sale by Mitchell Tyson of 2000 shares of Photronics08/03/2022
5
Photronics, Inc. Shares Bought by New York State Common Reti...08/16/2022
6
Photronics FQ3 2022 Earnings Preview - Seeking Alpha08/29/2022
7
EPS Reported08/30/2022
8
Photronics, Inc. Shares Close the Week 37.4 percent Lower - ...09/01/2022
9
Sale by Mitchell Tyson of 2000 shares of Photronics09/06/2022
10
Declining Stock and Solid Fundamentals Is The Market Wrong A...09/14/2022

About Photronics Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Photronics or other stocks. Alpha measures the amount that position in Photronics has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Photronics Upcoming Company Events

As portrayed in its financial statements, the presentation of Photronics' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Photronics' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Photronics' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Photronics. Please utilize our Beneish M Score to check the likelihood of Photronics' management manipulating its earnings.
Upcoming Quarterly Report23rd of February 2022
Next Financial Report25th of May 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End14th of December 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

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Please check Photronics Backtesting, Photronics Valuation, Photronics Correlation, Photronics Hype Analysis, Photronics Volatility, Photronics History and analyze Photronics Performance. 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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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Photronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Photronics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Photronics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...