Nexa Resources Sa Stock Alpha and Beta Analysis
| NEXA Stock | USD 7.62 0.12 1.55% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nexa Resources SA. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nexa Resources over a specified time horizon. Remember, high Nexa Resources' 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 Nexa Resources' market risk premium analysis include:
Beta 0.17 | Alpha 0.27 | Risk 2.02 | Sharpe Ratio 0.21 | Expected Return 0.42 |
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.
Nexa |
Nexa Resources Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nexa Resources market risk premium is the additional return an investor will receive from holding Nexa Resources 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 Nexa Resources. 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 Nexa Resources' performance over market.| α | 0.27 | β | 0.17 |
Nexa Resources 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 Nexa Resources' Buy-and-hold return. Our buy-and-hold chart shows how Nexa Resources performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nexa Resources Market Price Analysis
Market price analysis indicators help investors to evaluate how Nexa Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nexa Resources shares will generate the highest return on investment. By understating and applying Nexa Resources stock market price indicators, traders can identify Nexa Resources position entry and exit signals to maximize returns.
Nexa Resources Return and Market Media
The median price of Nexa Resources for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 7.56 with a coefficient of variation of 8.97. The daily time series for the period is distributed with a sample standard deviation of 0.65, arithmetic mean of 7.26, and mean deviation of 0.55. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Nexa Resources Shares Gap Up to 6.63 - MarketBeat | 09/18/2024 |
2 | NEXA or WPM Which Is the Better Value Stock Right Now | 09/23/2024 |
3 | Nexa Resources S.A. Held Back By Insufficient Growth Even After Shares Climb 26 | 10/02/2024 |
4 | Nexa Resources lowers capex guidance | 10/25/2024 |
5 | Nexa Resources reports Q3 results | 11/01/2024 |
6 | Nexa Resources Sells Pukaqaqa Project to Improve Cash Flow Returns | 11/27/2024 |
About Nexa Resources 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 Nexa or other stocks. Alpha measures the amount that position in Nexa Resources SA 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) | Dividend Yield | 0.0503 | 0.0857 | 0.0251 | 0.034 | Price To Sales Ratio | 0.4 | 0.26 | 0.37 | 0.35 |
Nexa Resources Upcoming Company Events
As portrayed in its financial statements, the presentation of Nexa Resources' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nexa Resources' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nexa Resources' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nexa Resources. Please utilize our Beneish M Score to check the likelihood of Nexa Resources' management manipulating its earnings.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Nexa Resources
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Check out Nexa Resources Backtesting, Nexa Resources Valuation, Nexa Resources Correlation, Nexa Resources Hype Analysis, Nexa Resources Volatility, Nexa Resources History and analyze Nexa Resources Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Nexa Resources 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.