Ngex Minerals Stock Alpha and Beta Analysis
| NGEX Stock | 13.10 0.20 1.55% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NGEx Minerals. It also helps investors analyze the systematic and unsystematic risks associated with investing in NGEx Minerals over a specified time horizon. Remember, high NGEx Minerals' 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 NGEx Minerals' market risk premium analysis include:
Beta (0.45) | Alpha 0.39 | Risk 2.37 | Sharpe Ratio 0.14 | Expected Return 0.33 |
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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.
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NGEx Minerals Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NGEx Minerals market risk premium is the additional return an investor will receive from holding NGEx Minerals 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 NGEx Minerals. 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 NGEx Minerals' performance over market.| α | 0.39 | β | -0.45 |
NGEx Minerals 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 NGEx Minerals' Buy-and-hold return. Our buy-and-hold chart shows how NGEx Minerals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.NGEx Minerals Market Price Analysis
Market price analysis indicators help investors to evaluate how NGEx Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NGEx Minerals shares will generate the highest return on investment. By understating and applying NGEx Minerals stock market price indicators, traders can identify NGEx Minerals position entry and exit signals to maximize returns.
NGEx Minerals Return and Market Media
The median price of NGEx Minerals for the period between Sun, Aug 25, 2024 and Sat, Nov 23, 2024 is 11.34 with a coefficient of variation of 7.39. The daily time series for the period is distributed with a sample standard deviation of 0.82, arithmetic mean of 11.11, and mean deviation of 0.68. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Insiders At NGEx Minerals Sold CA5.7m In Stock, Alluding To Potential Weakness - Simply Wall St | 09/25/2024 |
2 | NGEx Minerals Boosts Private Placement to C175 Million - TipRanks | 10/16/2024 |
About NGEx Minerals 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 NGEx or other stocks. Alpha measures the amount that position in NGEx Minerals 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) | PB Ratio | 10.29 | 20.47 | 19.36 | 11.14 | Capex To Depreciation | 14.27 | 10.28 | 18.77 | 17.83 |
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 NGEx Minerals 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, NGEx Minerals' short interest history, or implied volatility extrapolated from NGEx Minerals options trading.
Build Portfolio with NGEx Minerals
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
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Other Information on Investing in NGEx Stock
NGEx Minerals financial ratios help investors to determine whether NGEx Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NGEx with respect to the benefits of owning NGEx Minerals security.