Pro Dex Stock Volatility
| PDEX Stock | USD 46.54 -2.46 -5.02% |
Pro Dex shows above-average price volatility over the last 3 months. Its Sharpe ratio is 0.0838, reflecting risk-adjusted gains over the last 3 months. This risk assessment is based on 30 technical indicators.
Sharpe Ratio = 0.0838
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Pro Dex posted a Market Risk Adjusted Performance of 0.1%, a Risk of 2.74, and a Risk Adjusted Performance of 0.04% for the reported period. Pro Dex is currently trading at approximately 6% of its recent trend range according to monthly moving averages. Diversification may change its marginal risk-adjusted impact within a broader allocation.
Key indicators related to Pro Dex's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Volatility for Pro Dex measures the dispersion of its stock returns around their average. High-volatility stocks offer greater return potential but require more active risk management.
Volatility Strategy
Volatility in Pro Dex reflects changing market conditions that influence diversification outcomes. Current statistical measures show total volatility near 2.74% with a beta coefficient of 1.07, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.0838, evaluates return per unit of total risk. An alpha value of 0.24 reflects performance relative to systematic market exposure. Expected return estimates near 0.23% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Stock volatility often increases around earnings releases and guidance updates.
Main indicators related to Pro Dex's market risk premium analysis include:
Beta 1.07 | Alpha 0.24 | Risk 2.74 | Sharpe Ratio 0.0838 | Expected Return 0.23 |
Moving together with Pro Stock
| 0.68 | ELGL | Element Global | PairCorr |
| 0.71 | CLYM | Climb Bio | PairCorr |
| 0.65 | MTZ | MasTec Inc | PairCorr |
| 0.75 | HBRIY | Harbour Energy PLC | PairCorr |
| 0.72 | NEUP | Neuphoria Therapeutics | PairCorr |
| 0.62 | CDUAF | Canadian Utilities | PairCorr |
Moving against Pro Stock
| 0.53 | IDXX | IDEXX Laboratories | PairCorr |
| 0.46 | WTERD | Alkaline Water | PairCorr |
| 0.32 | IVF | INVO Fertility Symbol Change | PairCorr |
| 0.31 | SOPH | Sophia Genetics SA | PairCorr |
| 0.31 | DOCKF | Beyond Medical | PairCorr |
Sensitivity To Market
The beta coefficient of 1.07 for Pro Dex measures how its returns respond to broader market changes. In regression terms, beta captures the slope between asset returns and index returns. Historical volatility is currently near 2.74%.Pro Dex return patterns over the selected horizon reflect a above average level of variability, based on dispersion and downside-focused statistics. For individual stocks, volatility often rises around earnings, guidance updates, and major company news.
3 Months Beta |Analyze Pro Dex Demand TrendCheck current 90 days Pro Dex correlation with market (Dow Jones Industrial)Downside Risk
Standard deviation of Pro quantifies daily price dispersion around the mean over your chosen time horizon. A high standard deviation signals high volatility; a low one signals stability.
Standard Deviation | 2.74 |
Understanding the asymmetry between upside and downside risk is critical for investors in Pro Dex. Standard deviation measures total price dispersion including upside, while downside deviation captures only loss risk in Pro Dex's returns. Pro Dex posted a Downside Deviation of 3.26, a Downside Variance of 10.63, and a Maximum Drawdown of 17.11 for the reported period.
Stock Volatility Analysis
Volatility is a statistical measure of the dispersion of Pro Dex stock returns over a given period of time. Volatility measures how much Pro Dex's stock price deviates from its average over a period.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. Pro Dex Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Projected Return Density Against Market
Given the investment horizon of 90 days Pro Dex has a beta of 1.0709 indicating Pro Dex market returns are sensitive to returns on the market. As the market goes up or down, Pro Dex is expected to follow.Pro Dex carries exposure to broad market movements as well as company or sector-specific developments. While portfolio diversification can reduce asset-level risk, systematic volatility cannot be avoided. Standard deviation and beta quantify this exposure. Pro Dex posted a Downside Deviation of 3.26, a Mean Deviation of 2.47, and a Semi Deviation of 3.13 for the reported period.
Predicted Return Density |
| Returns |
What Drives Pro Dex's Price Volatility?
Several factors can influence Pro Dex's market volatility:Industry Dynamics
Sector-level events can directly affect Pro Dex's price stability. Regulatory changes, supply disruptions, or shifts in demand within Pro Dex's industry may create volatility even when the broader market is calm. Competitive dynamics and industry consolidation can also amplify price swings for companies like Pro Dex.Political and Economic Environment
Macroeconomic conditions and policy decisions shape the backdrop for Pro Dex's price movements. Interest rate changes, trade policy shifts, and fiscal legislation can all alter investor sentiment toward Pro Dex. During periods of economic expansion, Pro Dex's price tends to benefit from broader market optimism, while downturns can amplify selling pressure.Pro Dex's Company-Specific Factors
Volatility can also stem from events unique to Pro Dex. Earnings surprises, management changes, product launches, or legal developments may trigger sharp price reactions in Pro Dex's stock. Conversely, operational setbacks, guidance revisions, or data breaches can weigh on Pro Dex's share price.Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Pro Dex is 1194.01. The daily returns are distributed with a variance of 7.52 and standard deviation of 2.74. The mean deviation of Pro Dex is currently at 2.18. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 1.07 | |
σ | Overall volatility | 2.74 | |
Ir | Information ratio | 0.07 |
Stock Return Volatility
Volatility for Pro Dex quantifies the day-to-day dispersion of stock returns around their historical average. The company carries 2.7418% return volatility across the 90-day horizon. As a benchmark, Dow Jones Industrial has volatility of 0.8242% on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
Pro Dex Company may look attractive on headline returns alone, but deeper analysis often tells a different story. A thorough review of Pro Dex's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STSS | 4.68 | 0.11 | 0.00 | -0.05 | 0.00 | 10.34 | 39.53 | |||
| SERA | 3.22 | -0.75 | 0.00 | -0.99 | 0.00 | 6.97 | 23.27 | |||
| MBOT | 3.30 | 0.49 | 0.13 | 0.16 | 3.06 | 8.64 | 29.76 | |||
| LUCD | 2.68 | 0.29 | 0.10 | 0.42 | 2.75 | 6.09 | 18.00 | |||
| CGTX | 3.59 | -0.33 | 0.00 | -0.27 | 0.00 | 6.48 | 20.99 | |||
| APYX | 3.09 | 0.10 | 0.00 | -0.03 | 0.00 | 9.45 | 24.47 | |||
| GLSI | 7.07 | 2.05 | 0.24 | 0.41 | 6.65 | 19.77 | 36.51 | |||
| TVGN | 4.58 | -1.63 | 0.00 | -1.04 | 0.00 | 7.94 | 35.60 | |||
| IXHL | 5.37 | -1.06 | 0.00 | -0.39 | 0.00 | 10.33 | 67.57 | |||
| RPID | 5.04 | -0.12 | 0.00 | -0.15 | 0.00 | 9.41 | 42.85 |
Risk Metrics, Assumptions & Methodology
Volatility for Pro Dex measures return dispersion and uncertainty over time. Standard deviation provides a baseline measure of variability magnitude. Pro Dex has a market cap of 151.81 M, P/E of 13.3, ROE of 30.87%.
This section for Pro Dex is built from periodic company reporting and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Rifka Kats - Member of Macroaxis Editorial BoardPro Dex Investment Opportunity
Measured over the selected horizon, Pro Dex carries roughly 3.34 times the return volatility of Dow Jones Industrial. Used properly, this comparison frames whether the extra volatility is strategic or simply uncompensated risk.You can use Pro Dex to protect the portfolio against small market fluctuations. This directional read frames the latest price swing through a simple momentum and follow-through lens. It highlights whether the move looks ordinary, stressed, or unusually speculative for the instrument. a very speculative upward sentiment. Check odds of Pro Dex to be traded at $44.21 in 90 days.Near-perfect hedge
The correlation between Pro Dex and Dow Jones is -0.71, which Macroaxis classifies as Near-perfect hedge for the selected horizon. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding Pro Dex alone.
Pro Dex Additional Risk Indicators
Secondary risk indicators for Pro Dex can help investors evaluate exposure beyond standard deviation, beta, or one headline volatility measure. Used correctly, these measures can support both standalone risk assessment and portfolio-level hedging decisions.
| Risk Adjusted Performance | 0.0432 | |||
| Market Risk Adjusted Performance | 0.1332 | |||
| Mean Deviation | 2.47 | |||
| Semi Deviation | 3.13 | |||
| Downside Deviation | 3.26 | |||
| Coefficient Of Variation | 2243.85 | |||
| Standard Deviation | 3.19 |
Pro Dex Suggested Diversification Pairs
Using Pro Dex in a pair-trading setup can improve risk control because gains and losses are judged against a second position instead of against the market alone. A disciplined pair strategy still requires monitoring because correlation can weaken when market regimes change.
Risk reduction through pair trading is real but has limits - not every type of exposure can be offset by a second leg. Pro Dex's exposure to overall market risk stays intact regardless of pairing. The value of a second leg lies in reducing Pro Dex's idiosyncratic risk - the part that comes from company-level events rather than macro conditions.
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