Photronics Stock Volatility
| PLAB Stock | USD 33.55 0.52 1.57% |
Photronics continues to exhibit a high volatility profile over the designated horizon. Photronics posts a Sharpe Ratio (Efficiency) of -0.0121, indicating negative risk-adjusted returns over the last 3 months. There are 29 technical indicators affecting the current volatility pattern.
Sharpe Ratio = -0.0121
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| Negative Returns | PLAB |
Latest disclosures for Photronics show a Market Risk Adjusted Performance of 0.2%, a Risk of 4.39, and a Risk Adjusted Performance of 0.1%. Based on monthly moving average Photronics 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.
Key indicators related to Photronics' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Photronics Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Photronics daily returns, and it is calculated using variance and standard deviation.
Photronics | Build AI portfolio with Photronics Stock |
Volatility Strategy
Photronics price volatility may influence cost basis positioning and portfolio weighting over time. Price retracements and recoveries can alter allocation balance. Current statistical measures show total volatility near 4.39% with a beta coefficient of 4.15, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of -0.0121, evaluates return per unit of total risk. An alpha value of 0.82 reflects performance relative to systematic market exposure. Expected return estimates near -0.0529% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Valuation adjustments may drive price swings.
Main indicators related to Photronics' market risk premium analysis include:
Beta 4.15 | Alpha 0.82 | Risk 4.39 | Sharpe Ratio -0.01 | Expected Return -0.05 |
Moving together with Photronics Stock
Moving against Photronics Stock
| 0.41 | 127097AG8 | CTRA 15 MAY | PairCorr |
| 0.39 | PBCRY | Bank Central Asia | PairCorr |
| 0.34 | PTAIF | PT Astra International | PairCorr |
Sensitivity To Market
Photronics'Photronics beta coefficient measures the volatility of Photronics stock relative to the systematic risk of the overall market benchmark. Mathematically, beta represents the slope of the regression line comparing Photronics returns against market returns. A beta of 4.15 indicates the degree of sensitivity to market-wide movements. Current total volatility is approximately 4.39%.Photronics has shown noticeable price swings over the selected period. Downside deviation is about 4.32% and standard deviation is about 7.15%, which summarize how widely returns have moved. Options markets imply a forward-looking volatility estimate near 202.0%. This suggests the market is pricing in the possibility of wider future price swings compared to recent historical dispersion. Equity volatility can rise when analyst revisions or guidance changes shift expectations quickly.
3 Months Beta |Analyze Photronics Demand TrendCheck current 90 days Photronics correlation with market (Dow Jones Industrial)Downside Risk
Photronics standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low.
Standard Deviation | 4.39 |
It is essential to understand the difference between upside risk (as represented by Photronics's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Photronics' daily returns or price. Latest disclosures for Photronics show a Downside Deviation of 4.32, a Downside Variance of 18.69, and a Maximum Drawdown of 56.66.
Using Photronics Put Option to Manage Risk Based on 2026-03-20 Contracts
Latest disclosures for Photronics show an Option Implied Volatility of 2.02 and an Option Max Pain Price of 35. Put options written on Photronics grant holders of the option the right to sell a specified amount of Photronics at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Photronics Stock cannot fall below.
Photronics' PUT expiring on 2026-06-18
Profit |
| Photronics Price At Expiration |
Current Photronics Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | PLAB260320P00015000 | -0.010224 | 0.002139 | 11 | 2026-03-20 | 0.0 - 0.05 | 0.0 | View |
Put | PLAB260320P00017500 | -0.012401 | 0.00307 | 90 | 2026-03-20 | 0.0 - 0.05 | 0.0 | View |
Put | PLAB260320P00020000 | -0.089664 | 0.01034 | 192 | 2026-03-20 | 0.0 - 0.8 | 0.0 | View |
Put | PLAB260320P00022500 | -0.108519 | 0.014464 | 170 | 2026-03-20 | 0.0 - 0.8 | 0.0 | View |
Put | PLAB260320P00025000 | -0.105391 | 0.020649 | 131 | 2026-03-20 | 0.0 - 0.5 | 0.0 | View |
Put | PLAB260320P00030000 | -0.148711 | 0.060566 | 809 | 2026-03-20 | 0.05 - 0.55 | 0.0 | View |
Put | PLAB260320P00035000 | -0.621567 | 0.099371 | 1060 | 2026-03-20 | 1.9 - 2.95 | 0.0 | View |
Put | PLAB260320P00040000 | 0.0 | 0.0 | 144 | 2026-03-20 | 5.5 - 7.3 | 0.0 | View |
Put | PLAB260320P00045000 | 0.0 | 0.0 | 37 | 2026-03-20 | 10.2 - 12.6 | 0.0 | View |
Put | PLAB260320P00050000 | -0.973609 | 0.009367 | 1 | 2026-03-20 | 15.2 - 17.8 | 0.0 | View |
Stock Volatility Analysis
Volatility refers to the frequency at which Photronics stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Photronics' price changes.
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Photronics 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.
Photronics Projected Return Density Against Market
Given the investment horizon of 90 days the stock has the beta coefficient of 4.1451 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Photronics will likely underperform.Photronics is exposed to both systematic and unsystematic risk. Systematic risk reflects broader stock market movements, while company or sector-specific developments represent nonmarket drivers. Diversification may reduce specific risk, but market exposure remains. Beta and standard deviation help quantify volatility. Latest disclosures for Photronics show a Downside Deviation of 4.32, a Mean Deviation of 3.98, and an Option Implied Volatility of 2.02.
Predicted Return Density |
| Returns |
What Drives a Photronics Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Photronics is -8288.03. The daily returns are distributed with a variance of 19.24 and standard deviation of 4.39. The mean deviation of Photronics is currently at 3.14. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.82 | |
β | Beta against Dow Jones | 4.15 | |
σ | Overall volatility | 4.39 | |
Ir | Information ratio | 0.1 |
Stock Return Volatility
Photronics historical daily return volatility represents how much of Photronics stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 4.386% risk (volatility on return distribution) over a 90-day horizon. By contrast, Dow Jones Industrial accepts 0.7855% volatility on return distribution over a 90-day 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
There is a big difference between Photronics Stock performing well and Photronics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Photronics' multiple risk-adjusted performance indicators across the competitive landscape. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HIMX | 2.27 | 0.15 | 0.06 | 0.23 | 2.45 | 4.90 | 10.96 | |||
| MXL | 2.62 | -0.08 | 0.00 | -0.08 | 0.00 | 6.14 | 17.91 | |||
| UCTT | 4.00 | 1.32 | 0.26 | 0.52 | 4.28 | 8.53 | 28.84 | |||
| LASR | 3.62 | 1.02 | 0.20 | 0.39 | 4.39 | 6.79 | 27.29 | |||
| CNXN | 1.25 | 0.08 | 0.06 | 0.05 | 1.52 | 3.28 | 13.04 | |||
| PLTK | 2.33 | -0.47 | 0.00 | -0.46 | 0.00 | 4.76 | 17.97 | |||
| VECO | 2.45 | 0.06 | 0.01 | 0.00 | 3.63 | 5.97 | 21.50 | |||
| ALIT | 3.28 | -0.95 | 0.00 | -0.52 | 0.00 | 5.88 | 44.05 | |||
| ADEA | 2.81 | 1.09 | 0.43 | 0.40 | 1.87 | 6.08 | 36.55 | |||
| PAR | 3.85 | -0.96 | 0.00 | -0.40 | 0.00 | 6.06 | 35.11 |
Risk Metrics, Assumptions & Methodology
Volatility for Photronics measures return dispersion and uncertainty over time. Higher dispersion implies wider price swings across observed periods. Photronics has a market cap of 1.98 B, P/E of 38.22, ROE of 12.22%.
Unless otherwise specified, data for Photronics is compiled from periodic company reporting and market reference feeds and standardized for comparability. Analyst inputs may be included when coverage is available. Updates may occur throughout the day. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Ellen Johnson - Member of Macroaxis Editorial BoardPhotronics Investment Opportunity
Measured over the selected horizon, Photronics carries roughly 5.56 times the return volatility of Dow Jones Industrial. That added volatility may be acceptable only if the position is expected to deliver stronger return efficiency or diversification value.You can use Photronics to enhance the returns of your portfolios. This directional read frames the latest price swing through a simple momentum and follow-through lens. It works best as a directional cue rather than as a standalone forecast. a large bullish trend. Check odds of Photronics to be traded at $36.91 in 90 days.Very weak diversification
Across the chosen horizon, PLAB and DJI show a correlation of 0.51 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Photronics Additional Risk Indicators
Risk analysis around Photronics becomes more useful when investors review secondary indicators that can confirm, refine, or challenge the basic volatility picture. Used correctly, these measures can support both standalone risk assessment and portfolio-level hedging decisions.
| Risk Adjusted Performance | 0.081 | |||
| Market Risk Adjusted Performance | 0.164 | |||
| Mean Deviation | 3.98 | |||
| Semi Deviation | 4.06 | |||
| Downside Deviation | 4.32 | |||
| Coefficient Of Variation | 1102.13 | |||
| Standard Deviation | 7.15 |
Photronics Suggested Diversification Pairs
Pair trading with Photronics can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Photronics as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Photronics' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Photronics' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Photronics.
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