Fly Play (Iceland) Performance
| PLAY Stock | 1.01 0.04 4.12% |
The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Fly Play's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fly Play is expected to be smaller as well. At this point, Fly Play hf has a negative expected return of -0.59%. Please make sure to confirm Fly Play's skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if Fly Play hf performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Fly Play hf has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's fundamental indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
Fly |
Fly Play Relative Risk vs. Return Landscape
If you would invest 171.00 in Fly Play hf on September 1, 2024 and sell it today you would lose (70.00) from holding Fly Play hf or give up 40.94% of portfolio value over 90 days. Fly Play hf is generating negative expected returns and assumes 6.1502% volatility on return distribution over the 90 days horizon. Simply put, 54% of stocks are less volatile than Fly, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Fly Play Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fly Play's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Fly Play hf, and traders can use it to determine the average amount a Fly Play's 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 = -0.0955
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PLAY |
Estimated Market Risk
| 6.15 actual daily | 54 54% of assets are less volatile |
Expected Return
| -0.59 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fly Play 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. You can increase risk-adjusted return of Fly Play by adding Fly Play to a well-diversified portfolio.
Things to note about Fly Play hf performance evaluation
Checking the ongoing alerts about Fly Play for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Fly Play hf help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fly Play hf generated a negative expected return over the last 90 days | |
| Fly Play hf has high historical volatility and very poor performance | |
| Fly Play hf has some characteristics of a very speculative penny stock |
- Analyzing Fly Play's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fly Play's stock is overvalued or undervalued compared to its peers.
- Examining Fly Play's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Fly Play's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fly Play's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Fly Play's stock. These opinions can provide insight into Fly Play's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Fly Stock analysis
When running Fly Play's price analysis, check to measure Fly Play's 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 Fly Play is operating at the current time. Most of Fly Play's value examination focuses on studying past and present price action to predict the probability of Fly Play's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fly Play's price. Additionally, you may evaluate how the addition of Fly Play to your portfolios can decrease your overall portfolio volatility.
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