Erasca Inc Stock Alpha and Beta Analysis
| ERAS Stock | USD 2.76 0.06 2.22% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Erasca Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Erasca over a specified time horizon. Remember, high Erasca'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 Erasca's market risk premium analysis include:
Beta 1.91 | Alpha (0.18) | Risk 3.93 | Sharpe Ratio 0.0035 | Expected Return 0.0138 |
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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.
Erasca |
Erasca Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Erasca market risk premium is the additional return an investor will receive from holding Erasca 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 Erasca. 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 Erasca's performance over market.| α | -0.18 | β | 1.91 |
Erasca 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 Erasca's Buy-and-hold return. Our buy-and-hold chart shows how Erasca performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Erasca Market Price Analysis
Market price analysis indicators help investors to evaluate how Erasca stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Erasca shares will generate the highest return on investment. By understating and applying Erasca stock market price indicators, traders can identify Erasca position entry and exit signals to maximize returns.
Erasca Return and Market Media
The median price of Erasca for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 2.75 with a coefficient of variation of 6.41. The daily time series for the period is distributed with a sample standard deviation of 0.18, arithmetic mean of 2.78, and mean deviation of 0.14. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Casdin Alexander W. of 60000 shares of Erasca at 2.66 subject to Rule 16b-3 | 09/06/2024 |
2 | Erasca Insiders Enjoying US2.5m Appreciation On US3.97m Investment | 09/10/2024 |
3 | Acquisition by Garner Ebun of 480000 shares of Erasca at 1.7 subject to Rule 16b-3 | 09/26/2024 |
4 | We Think Erasca Can Afford To Drive Business Growth | 10/15/2024 |
5 | Erasca Announces Strong Momentum for Naporafenib and RAS Targeting Franchise | 10/24/2024 |
6 | Taylor Swift fans praise her response to major stage malfunction | 10/28/2024 |
7 | Erasca to Present at Three Major Healthcare Investor Conferences ERAS Stock News - StockTitan | 11/05/2024 |
8 | Erasca May Find a Bottom Soon, Heres Why You Should Buy the Stock Now | 11/15/2024 |
About Erasca 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 Erasca or other stocks. Alpha measures the amount that position in Erasca Inc 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) | Current Ratio | 15.92 | 9.13 | 12.26 | 14.22 | Net Debt To EBITDA | 2.8 | 0.95 | 0.31 | 0.29 |
Erasca Upcoming Company Events
As portrayed in its financial statements, the presentation of Erasca's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Erasca's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Erasca's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Erasca. Please utilize our Beneish M Score to check the likelihood of Erasca's management manipulating its earnings.
| 28th of March 2024 Upcoming Quarterly Report | View | |
| 20th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 28th of March 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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Additional Tools for Erasca Stock Analysis
When running Erasca's price analysis, check to measure Erasca'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 Erasca is operating at the current time. Most of Erasca's value examination focuses on studying past and present price action to predict the probability of Erasca's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erasca's price. Additionally, you may evaluate how the addition of Erasca to your portfolios can decrease your overall portfolio volatility.