Renovorx Stock Alpha and Beta Analysis
| RNXT Stock | USD 1.29 0.08 6.61% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as RenovoRx. It also helps investors analyze the systematic and unsystematic risks associated with investing in RenovoRx over a specified time horizon. Remember, high RenovoRx'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 RenovoRx's market risk premium analysis include:
Beta 0.64 | Alpha 0.46 | Risk 4.91 | Sharpe Ratio 0.12 | Expected Return 0.58 |
Enterprise Value |
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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.
RenovoRx |
RenovoRx Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. RenovoRx market risk premium is the additional return an investor will receive from holding RenovoRx 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 RenovoRx. 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 RenovoRx's performance over market.| α | 0.46 | β | 0.64 |
RenovoRx 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 RenovoRx's Buy-and-hold return. Our buy-and-hold chart shows how RenovoRx performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.RenovoRx Market Price Analysis
Market price analysis indicators help investors to evaluate how RenovoRx stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RenovoRx shares will generate the highest return on investment. By understating and applying RenovoRx stock market price indicators, traders can identify RenovoRx position entry and exit signals to maximize returns.
RenovoRx Return and Market Media
The median price of RenovoRx for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 1.02 with a coefficient of variation of 6.57. The daily time series for the period is distributed with a sample standard deviation of 0.07, arithmetic mean of 1.04, and mean deviation of 0.05. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | RenovoRx Announces Presentation at Symposium on Clinical Interventional Oncology Highlighting TAMP for Targeted Treatment of Locally Advanced Pancreatic Cancer | 09/19/2024 |
2 | Acquisition by Spiegel Robert J. of 25099 shares of RenovoRx at 1.02 subject to Rule 16b-3 | 10/01/2024 |
3 | Northwell Health Cancer Institute Launches Patient Enrollment in RenovoRxs Ongoing Pivotal ... | 11/20/2024 |
4 | Acquisition by Shaun Bagai of 40983 shares of RenovoRx at 1.22 subject to Rule 16b-3 | 11/22/2024 |
About RenovoRx 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 RenovoRx or other stocks. Alpha measures the amount that position in RenovoRx 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.
| 2022 | 2023 | 2024 (projected) | Current Ratio | 6.59 | 1.25 | 1.19 | Net Debt To EBITDA | 0.65 | 0.1 | 0.0978 |
RenovoRx Upcoming Company Events
As portrayed in its financial statements, the presentation of RenovoRx's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, RenovoRx's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of RenovoRx's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of RenovoRx. Please utilize our Beneish M Score to check the likelihood of RenovoRx's management manipulating its earnings.
| 7th of March 2024 Upcoming Quarterly Report | View | |
| 20th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th 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 RenovoRx Stock Analysis
When running RenovoRx's price analysis, check to measure RenovoRx'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 RenovoRx is operating at the current time. Most of RenovoRx's value examination focuses on studying past and present price action to predict the probability of RenovoRx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RenovoRx's price. Additionally, you may evaluate how the addition of RenovoRx to your portfolios can decrease your overall portfolio volatility.