Commercial Metals Stock Alpha and Beta Analysis
| CMC Stock | USD 61.22 0.78 1.29% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Commercial Metals. It also helps investors analyze the systematic and unsystematic risks associated with investing in Commercial Metals over a specified time horizon. Remember, high Commercial Metals' 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. Key technical indicators related to Commercial Metals' market risk premium analysis include:
Beta 2.53 | Alpha (0.06) | Risk 2.53 | Sharpe Ratio 0.0946 | Expected Return 0.24 |
Commercial Metals Quarterly Cash And Equivalents |
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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.
Commercial |
Commercial Metals Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Commercial Metals market risk premium is the additional return an investor will receive from holding Commercial Metals 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 Commercial Metals. 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 Commercial Metals' performance over market.| α | -0.06 | β | 2.53 |
Commercial Metals 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 Commercial Metals' Buy-and-hold return. Our buy-and-hold chart shows how Commercial Metals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Commercial Metals Market Price Analysis
Market price analysis indicators help investors to evaluate how Commercial Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Commercial Metals shares will generate the highest return on investment. By understating and applying Commercial Metals stock market price indicators, traders can identify Commercial Metals position entry and exit signals to maximize returns.
Commercial Metals Return and Market Media
The median price of Commercial Metals for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 53.56 with a coefficient of variation of 6.61. The daily time series for the period is distributed with a sample standard deviation of 3.6, arithmetic mean of 54.41, and mean deviation of 2.68. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of tradable shares by Perkins Tandra C of Commercial Metals subject to Rule 16b-3 | 08/30/2024 |
2 | Commercial Metals Co Shares Gap Down to 47.67 on Sep 11 | 09/11/2024 |
3 | Acquisition by Avril-groves Vicki L of tradable shares of Commercial Metals at 52.59 subject to Rule 16b-3 | 10/04/2024 |
4 | Disposition of 186 shares by Lindsay Sloan of Commercial Metals at 52.59 subject to Rule 16b-3 | 10/11/2024 |
5 | Commercial Metals Q4 2024 Earnings Call Transcript | 10/17/2024 |
6 | Commercial Metals Full Year 2024 Earnings EPS Misses Expectations | 10/18/2024 |
7 | Commercial Metals Sees Unusually High Options Volume | 10/22/2024 |
8 | Heres How Much 100 Invested In Commercial Metals 10 Years Ago Would Be Worth Today | 10/30/2024 |
9 | Commercial Metals Company Shares Could Be 33 percent Below Their Intrinsic Value Estimate | 11/06/2024 |
10 | Commercial Metals Company Among the Best Recycling Stocks to Buy According to Hedge Funds | 11/07/2024 |
| Commercial Metals dividend paid on 14th of November 2024 | 11/14/2024 |
12 | Acquisition by Sarah Raiss of tradable shares of Commercial Metals at 59.43 subject to Rule 16b-3 | 11/18/2024 |
13 | CMC Metals Releases Additional High Grade CRD-StyleSilver-Lead-Zinc Samples, A proposed Drill Plan and Expands its Amy Property, North- Central British Columbia | 11/21/2024 |
About Commercial Metals 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 Commercial or other stocks. Alpha measures the amount that position in Commercial Metals 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0139 | 0.0114 | 0.0127 | 0.0166 | Price To Sales Ratio | 0.55 | 0.75 | 0.78 | 0.82 |
Commercial Metals Upcoming Company Events
As portrayed in its financial statements, the presentation of Commercial Metals' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Commercial Metals' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Commercial Metals' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Commercial Metals. Please utilize our Beneish M Score to check the likelihood of Commercial Metals' management manipulating its earnings.
| 28th of March 2024 Upcoming Quarterly Report | View | |
| 27th of June 2024 Next Financial Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View | |
| 10th of October 2024 Next Fiscal Year End | View | |
| 30th of November 2023 Last Quarter Report | View | |
| 31st of August 2023 Last Financial Announcement | View |
Build Portfolio with Commercial Metals
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Align your risk with return expectations
Check out Commercial Metals Backtesting, Commercial Metals Valuation, Commercial Metals Correlation, Commercial Metals Hype Analysis, Commercial Metals Volatility, Commercial Metals History and analyze Commercial Metals Performance. For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Commercial Metals 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.