Modular Medical Stock Alpha and Beta Analysis
| MODD Stock | USD 1.68 0.26 13.40% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Modular Medical. It also helps investors analyze the systematic and unsystematic risks associated with investing in Modular Medical over a specified time horizon. Remember, high Modular Medical'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 Modular Medical's market risk premium analysis include:
Beta (0.04) | Alpha 0.27 | Risk 3.63 | Sharpe Ratio 0.003 | Expected Return 0.0107 |
Enterprise Value |
|
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.
Modular |
Modular Medical Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Modular Medical market risk premium is the additional return an investor will receive from holding Modular Medical 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 Modular Medical. 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 Modular Medical's performance over market.| α | 0.27 | β | -0.04 |
Modular Medical 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 Modular Medical's Buy-and-hold return. Our buy-and-hold chart shows how Modular Medical performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Modular Medical Market Price Analysis
Market price analysis indicators help investors to evaluate how Modular Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Modular Medical shares will generate the highest return on investment. By understating and applying Modular Medical stock market price indicators, traders can identify Modular Medical position entry and exit signals to maximize returns.
Modular Medical Return and Market Media
The median price of Modular Medical for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 2.22 with a coefficient of variation of 7.95. The daily time series for the period is distributed with a sample standard deviation of 0.17, arithmetic mean of 2.15, and mean deviation of 0.13. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Modular Medical Announces Conference Call to Discuss FDA Clearance of the MODD1 Insulin Pump | 09/04/2024 |
2 | Registration Is Now Open For Tribe Publics Webinar Event Diabetes, Obesity, GLP-1, The MODD-1 Opportunity Featuring Modular Medical CEO On Wednesday, September ... | 09/09/2024 |
3 | Acquisition by Paul DiPerna of 58560 shares of Modular Medical at 1.71 subject to Rule 16b-3 | 09/13/2024 |
4 | Acquisition by Felsher Steven G of 7500 shares of Modular Medical at 2.28 subject to Rule 16b-3 | 09/30/2024 |
5 | Acquisition by Kevin Schmid of 18769 shares of Modular Medical at 1.11 subject to Rule 16b-3 | 11/06/2024 |
6 | Registration Is Now Open For Tribe Publics Webinar Event Tailoring GLP-1 Weight Loss Treatments Innovative Approaches To Personalized Dosing Featuring Modular M... | 11/08/2024 |
7 | Acquisition by Volkart Carmen B of 625 shares of Modular Medical subject to Rule 16b-3 | 11/15/2024 |
8 | Modular Medical announces proposed public offering | 11/21/2024 |
About Modular Medical 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 Modular or other stocks. Alpha measures the amount that position in Modular Medical 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.
| 2023 | 2024 (projected) | Payables Turnover | 0.96 | 0.55 | Days Of Inventory On Hand | 87.8 | 78.04 |
Modular Medical Upcoming Company Events
As portrayed in its financial statements, the presentation of Modular Medical's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Modular Medical's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Modular Medical's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Modular Medical. Please utilize our Beneish M Score to check the likelihood of Modular Medical's management manipulating its earnings.
| 12th of February 2024 Upcoming Quarterly Report | View | |
| 24th of June 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 24th of June 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Build Portfolio with Modular Medical
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 Modular Medical Backtesting, Modular Medical Valuation, Modular Medical Correlation, Modular Medical Hype Analysis, Modular Medical Volatility, Modular Medical History and analyze Modular Medical Performance. For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Modular Medical 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.