Draftkings Stock Alpha and Beta Analysis
| DKNG Stock | USD 43.03 0.03 0.07% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as DraftKings. It also helps investors analyze the systematic and unsystematic risks associated with investing in DraftKings over a specified time horizon. Remember, high DraftKings' 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 DraftKings' market risk premium analysis include:
Beta 1.41 | Alpha 0.16 | Risk 2.46 | Sharpe Ratio 0.17 | Expected Return 0.41 |
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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.
DraftKings |
DraftKings Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. DraftKings market risk premium is the additional return an investor will receive from holding DraftKings 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 DraftKings. 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 DraftKings' performance over market.| α | 0.16 | β | 1.41 |
DraftKings 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 DraftKings' Buy-and-hold return. Our buy-and-hold chart shows how DraftKings performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.DraftKings Market Price Analysis
Market price analysis indicators help investors to evaluate how DraftKings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DraftKings shares will generate the highest return on investment. By understating and applying DraftKings stock market price indicators, traders can identify DraftKings position entry and exit signals to maximize returns.
DraftKings Return and Market Media
The median price of DraftKings for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 38.24 with a coefficient of variation of 6.78. The daily time series for the period is distributed with a sample standard deviation of 2.61, arithmetic mean of 38.48, and mean deviation of 2.04. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | DraftKings Promo Code Bet 5, Get 200 in Bonus Bets for Georgia-Ole Miss NCAA Top 25 | 11/08/2024 |
2 | Polymarket was an election winner. Now DraftKings wants to be part of the action. | 11/11/2024 |
3 | DraftKings promo code Register for 200 bonus on Commanders-Eagles TNF | 11/14/2024 |
4 | DraftKings Inc.s Share Price Matching Investor Opinion | 11/18/2024 |
5 | DraftKings promo code Grab 150 bonus for NBA Cup | 11/19/2024 |
6 | DraftKings shares remain a buy as management outlines cross-sell and growth potential | 11/20/2024 |
7 | Investors Heavily Search DraftKings Inc. Here is What You Need to Know | 11/22/2024 |
8 | MLB players union affiliate reaches agreement with FanDuel after agreeing to dismiss lawsuit | 11/26/2024 |
About DraftKings 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 DraftKings or other stocks. Alpha measures the amount that position in DraftKings 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) | Payables Turnover | 15.12 | 146.26 | 67.17 | 70.52 | Days Of Inventory On Hand | 219.21 | 115.49 | 132.82 | 126.18 |
DraftKings Upcoming Company Events
As portrayed in its financial statements, the presentation of DraftKings' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, DraftKings' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of DraftKings' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of DraftKings. Please utilize our Beneish M Score to check the likelihood of DraftKings' management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out DraftKings Backtesting, DraftKings Valuation, DraftKings Correlation, DraftKings Hype Analysis, DraftKings Volatility, DraftKings History and analyze DraftKings Performance. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
DraftKings 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.