Legacy Iron (Australia) Alpha and Beta Analysis
| LCY Stock | 0.01 0 20.63% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Legacy Iron Ore. It also helps investors analyze the systematic and unsystematic risks associated with investing in Legacy Iron over a specified time horizon. Remember, high Legacy Iron'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 Legacy Iron's market risk premium analysis include:
Beta (0.46) | Alpha (0.40) | Risk 2.6 | Sharpe Ratio (0.14) | Expected Return (0.37) |
Legacy Iron 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.
Legacy |
Legacy Iron Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Legacy Iron market risk premium is the additional return an investor will receive from holding Legacy Iron 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 Legacy Iron. 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 Legacy Iron's performance over market.| α | -0.4 | β | -0.46 |
Legacy Iron 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 Legacy Iron's Buy-and-hold return. Our buy-and-hold chart shows how Legacy Iron performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Legacy Iron Market Price Analysis
Market price analysis indicators help investors to evaluate how Legacy Iron stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Legacy Iron shares will generate the highest return on investment. By understating and applying Legacy Iron stock market price indicators, traders can identify Legacy Iron position entry and exit signals to maximize returns.
Legacy Iron Return and Market Media
The median price of Legacy Iron for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 0.013 with a coefficient of variation of 3.39. The daily time series for the period is distributed with a sample standard deviation of 0.0, arithmetic mean of 0.01, and mean deviation of 0.0. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Legacy Iron Ore Ensures Compliance in ASX Queries Response - TipRanks | 09/12/2024 |
2 | Legacy Iron Ore Announces Major Share Issue - TipRanks | 10/28/2024 |
About Legacy Iron 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 Legacy or other stocks. Alpha measures the amount that position in Legacy Iron Ore 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.
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 Legacy Iron 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, Legacy Iron's short interest history, or implied volatility extrapolated from Legacy Iron options trading.
Build Portfolio with Legacy Iron
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Additional Tools for Legacy Stock Analysis
When running Legacy Iron's price analysis, check to measure Legacy Iron'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 Legacy Iron is operating at the current time. Most of Legacy Iron's value examination focuses on studying past and present price action to predict the probability of Legacy Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Iron's price. Additionally, you may evaluate how the addition of Legacy Iron to your portfolios can decrease your overall portfolio volatility.