Electrovaya Common Shares Stock Alpha and Beta Analysis
| ELVA Stock | 2.72 0.36 15.25% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Electrovaya Common Shares. It also helps investors analyze the systematic and unsystematic risks associated with investing in Electrovaya Common over a specified time horizon. Remember, high Electrovaya Common's 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 Electrovaya Common's market risk premium analysis include:
Beta 0.75 | Alpha 0.14 | Risk 3.76 | Sharpe Ratio 0.15 | Expected Return 0.56 |
Enterprise Value |
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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.
Electrovaya |
Electrovaya Common Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Electrovaya Common market risk premium is the additional return an investor will receive from holding Electrovaya Common 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 Electrovaya Common. 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 Electrovaya Common's performance over market.| α | 0.14 | β | 0.75 |
Electrovaya Common 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 Electrovaya Common's Buy-and-hold return. Our buy-and-hold chart shows how Electrovaya Common performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Electrovaya Common Market Price Analysis
Market price analysis indicators help investors to evaluate how Electrovaya Common stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Electrovaya Common shares will generate the highest return on investment. By understating and applying Electrovaya Common stock market price indicators, traders can identify Electrovaya Common position entry and exit signals to maximize returns.
Electrovaya Common Return and Market Media
The median price of Electrovaya Common for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 2.18 with a coefficient of variation of 5.54. The daily time series for the period is distributed with a sample standard deviation of 0.12, arithmetic mean of 2.18, and mean deviation of 0.1. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Electrovaya Inc. Among The 10 Oversold Canadian Stocks to Buy Right Now | 10/24/2024 |
2 | Electrovaya Clinches Deloitte Clean Tech Award Again as Revenue Soars 9,900 percent ELVA Stock News - StockTitan | 11/07/2024 |
3 | ELVA Enterprise Value 97.93 Mil - GuruFocus.com | 11/20/2024 |
About Electrovaya Common 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 Electrovaya or other stocks. Alpha measures the amount that position in Electrovaya Common Shares 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) | Graham Number | 6.35 | 0.46 | 0.52 | 0.5 | Receivables Turnover | 5.36 | 4.09 | 3.68 | 3.26 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Electrovaya Common in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Electrovaya Common's short interest history, or implied volatility extrapolated from Electrovaya Common options trading.
Build Portfolio with Electrovaya Common
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Electrovaya Common Backtesting, Electrovaya Common Valuation, Electrovaya Common Correlation, Electrovaya Common Hype Analysis, Electrovaya Common Volatility, Electrovaya Common History and analyze Electrovaya Common Performance. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Electrovaya Common 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.