Trubridge Stock Alpha and Beta Analysis
| TBRG Stock | USD 16.54 0.53 3.31% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as TruBridge. It also helps investors analyze the systematic and unsystematic risks associated with investing in TruBridge over a specified time horizon. Remember, high TruBridge'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 TruBridge's market risk premium analysis include:
Beta 0.0063 | Alpha 0.37 | Risk 2.22 | Sharpe Ratio 0.22 | Expected Return 0.49 |
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.
TruBridge |
TruBridge Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. TruBridge market risk premium is the additional return an investor will receive from holding TruBridge 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 TruBridge. 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 TruBridge's performance over market.| α | 0.37 | β | 0.01 |
TruBridge 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 TruBridge's Buy-and-hold return. Our buy-and-hold chart shows how TruBridge performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.TruBridge Market Price Analysis
Market price analysis indicators help investors to evaluate how TruBridge stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TruBridge shares will generate the highest return on investment. By understating and applying TruBridge stock market price indicators, traders can identify TruBridge position entry and exit signals to maximize returns.
TruBridge Return and Market Media
The median price of TruBridge for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 12.59 with a coefficient of variation of 9.54. The daily time series for the period is distributed with a sample standard deviation of 1.24, arithmetic mean of 12.95, and mean deviation of 0.83. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 43000 shares by Polar Asset Management Partners Inc. of TruBridge at 10.18 subject to Rule 16b-3 | 09/06/2024 |
2 | TruBridge Rating Reiterated by Royal Bank of Canada | 09/17/2024 |
3 | Acquisition by Pinetree Capital Ltd. of 97 shares of TruBridge at 11.93 subject to Rule 16b-3 | 10/02/2024 |
4 | Acquisition by Pinetree Capital Ltd. of 15003 shares of TruBridge at 11.93 subject to Rule 16b-3 | 10/03/2024 |
5 | TruBridge Inc Stock Price Down 3.69 percent on Oct 18 | 10/18/2024 |
6 | TruBridge Announces Third Quarter 2024 Conference Call to Be Held Friday, November 8, 2024 | 10/29/2024 |
7 | TruBridge Scheduled to Post Earnings on Thursday | 11/06/2024 |
8 | TruBridge Reports Q3 Loss, Tops Revenue Estimates | 11/08/2024 |
9 | TruBridges SWOT analysis healthcare tech firms stock navigates growth and challenges | 11/13/2024 |
10 | TruBridge stock price target raised by 31, Equal Weight rating maintained | 11/20/2024 |
About TruBridge 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 TruBridge or other stocks. Alpha measures the amount that position in TruBridge 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) | Dividend Yield | 0.0132 | 0.0126 | Price To Sales Ratio | 0.47 | 0.44 |
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 TruBridge 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, TruBridge's short interest history, or implied volatility extrapolated from TruBridge options trading.
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Align your risk with return expectations
Check out TruBridge Backtesting, TruBridge Valuation, TruBridge Correlation, TruBridge Hype Analysis, TruBridge Volatility, TruBridge History and analyze TruBridge Performance. For more detail on how to invest in TruBridge Stock please use our How to Invest in TruBridge guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
TruBridge 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.