Profound Medical Corp Stock Volatility
| PRN Stock | CAD 7.54 -0.48 -5.99% |
Profound Medical Corp remains associated with a minimal volatility profile over the chosen period. Profound Medical Corp currently reflects a Sharpe Ratio (Efficiency) of -0.076, demonstrating unfavorable reward-to-risk behavior over the last 3 months. We identified 23 technical indicators influencing current risk dynamics.
Sharpe Ratio = -0.076
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Estimated Market Risk
| 5.19 actual daily | 46 54% of assets are more volatile |
Expected Return
| -0.39 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
For Profound Medical Corp, recent data highlights a Market Risk Adjusted Performance of -0.2%, a Risk of 5.19, and a Risk Adjusted Performance of -0.04%. Monthly moving average data shows Profound Medical is underperforming relative to its full potential. A well-diversified portfolio allocation can mitigate market risk and improve expected return.
Key indicators related to Profound Medical's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
For options traders, Profound Medical's implied volatility surface provides a forward-looking estimate of future price dispersion. When implied volatility for Profound Medical is significantly above realized volatility, options premiums may be elevated relative to historical norms.
Profound |
Volatility Strategy
Profound Medical Corp return movement contributes differently across allocation frameworks. Current statistical measures show total volatility near 5.19% with a beta coefficient of 1.87, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of -0.076, evaluates return per unit of total risk. An alpha value of -0.17 reflects performance relative to systematic market exposure. Expected return estimates near -0.39% 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 Profound Medical's market risk premium analysis include:
Beta 1.87 | Alpha -0.17 | Risk 5.19 | Sharpe Ratio -0.08 | Expected Return -0.39 |
Moving together with Profound Stock
Moving against Profound Stock
| 0.68 | OXY | Occidental Petroleum | PairCorr |
| 0.54 | IDL | Imaging Dynamics | PairCorr |
| 0.49 | CD | Cantex Mine Development Earnings Call This Week | PairCorr |
| 0.44 | OC | Olive Resource Capital | PairCorr |
| 0.44 | SRA | Stria Lithium | PairCorr |
| 0.41 | MSCL | Satellos Bioscience Earnings Call This Week | PairCorr |
| 0.33 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.31 | BNP | BNP Paribas CDR | PairCorr |
Sensitivity To Market
Profound Medical Corp market-relative volatility is reflected in its beta of 1.87. This value results from regression analysis against benchmark returns. Total dispersion currently approximates 5.19%.Profound Medical Corp has shown return movement that ranges from typical to sharp depending on market conditions. Current dispersion statistics include standard deviation near 5.04%. For individual stocks, volatility often rises around earnings, guidance updates, and major company news.
3 Months Beta |Analyze Profound Medical Corp Demand TrendCheck current 90 days Profound Medical correlation with market (Dow Jones Industrial)Downside Risk
The standard deviation of Profound prices measures volatility as the average daily spread from the mean over your selected horizon. High standard deviation implies high volatility; low standard deviation implies price stability.
Standard Deviation | 5.19 |
For a complete risk picture of Profound Medical, investors should examine both standard deviation (upside risk proxy) and downside deviation or semi-deviation of Profound Medical's returns (downside risk proxy). For Profound Medical Corp, recent data highlights a Maximum Drawdown of 37.88.
Stock Volatility Analysis
Understanding Profound Medical volatility allows investors to better quantify the risk of holding Profound Medical's stock. Volatility metrics help portfolio managers set stop-losses and size positions appropriately for Profound Medical.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. Profound Medical Corp 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
Assuming the 90-day trading horizon Profound Medical has a beta of 1.8666 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, Profound Medical will likely underperform.Both systematic and unsystematic risks influence Profound Medical. Market-wide movements drive the former, while company or sector-specific developments drive the latter. Beta estimates market responsiveness. For Profound Medical Corp, recent data highlights a Mean Deviation of 3.16 and a Standard Deviation of 5.04.
Predicted Return Density |
| Returns |
What Drives Profound Medical's Price Volatility?
Several factors can influence Profound Medical's market volatility:Industry Dynamics
Sector-level events can directly affect Profound Medical's price stability. Regulatory changes, supply disruptions, or shifts in demand within Profound Medical'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 Profound Medical.Political and Economic Environment
Macroeconomic conditions and policy decisions shape the backdrop for Profound Medical's price movements. Interest rate changes, trade policy shifts, and fiscal legislation can all alter investor sentiment toward Profound Medical. During periods of economic expansion, Profound Medical's price tends to benefit from broader market optimism, while downturns can amplify selling pressure.Profound Medical's Company-Specific Factors
Volatility can also stem from events unique to Profound Medical. Earnings surprises, management changes, product launches, or legal developments may trigger sharp price reactions in Profound Medical's stock. Conversely, operational setbacks, guidance revisions, or data breaches can weigh on Profound Medical's share price.Stock Risk Measures
Assuming the 90-day trading horizon the coefficient of variation of Profound Medical is -1316.48. The daily returns are distributed with a variance of 26.95 and standard deviation of 5.19. The mean deviation of Profound Medical Corp is currently at 3.19. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | -0.1711 | |
β | Beta against Dow Jones | 1.87 | |
σ | Overall volatility | 5.19 | |
Ir | Information ratio | -0.0487 |
Stock Return Volatility
Profound Medical historical daily return volatility represents how much of Profound Medical stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm reported 5.1912% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial has volatility of 0.8255% on return distribution over a 90-day investment horizon. Performance |
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Related Correlations Analysis
| 0.13 | -0.44 | 0.25 | -0.61 | -0.5 | -0.72 | DR | ||
| 0.13 | 0.5 | 0.55 | -0.44 | 0.31 | -0.4 | EPRX | ||
| -0.44 | 0.5 | 0.25 | 0.2 | 0.56 | 0.31 | CRRX | ||
| 0.25 | 0.55 | 0.25 | -0.49 | 0.39 | -0.51 | QIPT | ||
| -0.61 | -0.44 | 0.2 | -0.49 | 0.24 | 0.86 | XLY | ||
| -0.5 | 0.31 | 0.56 | 0.39 | 0.24 | 0.34 | VPT | ||
| -0.72 | -0.4 | 0.31 | -0.51 | 0.86 | 0.34 | HLS | ||
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 Profound Stock performing well and Profound Medical Company doing well as a business compared to the competition. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DR | 1.30 | 0.16 | 0.14 | 0.64 | 1.47 | 3.69 | 14.33 | |||
| EPRX | 2.61 | 0.27 | 0.15 | -1.85 | 2.30 | 6.09 | 21.64 | |||
| CRRX | 0.93 | 0.07 | 0.13 | 1.07 | 1.02 | 2.37 | 6.63 | |||
| QIPT | 1.09 | 0.56 | 1.23 | -1.45 | 0.00 | 1.25 | 30.99 | |||
| XLY | 3.26 | -0.12 | 0.00 | 0.31 | 0.00 | 8.33 | 16.03 | |||
| VPT | 4.06 | 0.43 | 0.07 | -1.47 | 4.00 | 10.00 | 28.33 | |||
| HLS | 0.76 | -0.17 | 0.00 | -0.72 | 0.00 | 1.15 | 5.63 |
Risk Metrics, Assumptions & Methodology
Volatility for Profound Medical measures return dispersion and uncertainty over time. Volatility contraction can precede expansion under certain regimes. Profound Medical has a market cap of 291.08 M, ROE of -67.11%.
For Profound Medical Corp, this section uses periodic company reporting and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Raphi Shpitalnik - Junior Member of Macroaxis Editorial BoardProfound Medical Investment Opportunity
Recent data suggests that Profound Medical Corp is meaningfully more volatile than Dow Jones Industrial, by roughly a 6.25x factor. Across the current 90-day horizon, that places the security below 46% of the broader equity and portfolio universe on a pure volatility basis.You can use Profound Medical Corp to protect your portfolios against small market fluctuations. This price-change note interprets the latest move in the context of short-horizon trading behavior. It is intended to separate routine noise from more speculative bursts in price action. a very speculative upward sentiment. Check odds of Profound Medical to be traded at C$7.16 in 90 days.Very weak diversification
For the present investment horizon, the measured correlation between PRN and DJI stands at 0.47, or Very weak diversification. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Profound Medical Additional Risk Indicators
Secondary risk indicators for Profound Medical Corp can help investors evaluate exposure beyond standard deviation, beta, or one headline volatility measure. A disciplined risk review helps investors decide whether exposure should be maintained, reduced, or offset elsewhere in the portfolio.
| Risk Adjusted Performance | -0.04 | |||
| Market Risk Adjusted Performance | -0.17 | |||
| Mean Deviation | 3.16 | |||
| Coefficient Of Variation | -1,568 | |||
| Standard Deviation | 5.04 | |||
| Variance | 25.45 | |||
| Information Ratio | -0.05 |
Profound Medical Suggested Diversification Pairs
Using Profound Medical 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. The advantage is that adverse movement in one leg may be partly offset by the other when correlation and thesis alignment hold.
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 Profound Medical 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. Profound Medical's 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, Profound Medical's 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 Profound Medical Corp.
More Resources for Profound Stock Analysis
Reviewing Profound Medical Corp commonly begins with financial statements and performance trends. Profound Medical's financial ratios translate raw accounting data into comparable profitability and efficiency signals. Selected reports below provide context for Profound Stock:Profound Medical has a market cap of 291.08 M, operating margin of -123.29%, ROE of -67.11%. Use Your Equity Center to explore allocation context. This suggests a position in Profound Medical Corp within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. Profound Medical currently shows ROE of -67.11%, market cap of 291.08 Million. Profound Medical data on this page supports broader research - the resources below add portfolio-level context. The supplemental views below help investors decide how Profound Medical complements or overlaps with existing portfolio holdings. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.