Tencent Music Entertainment Stock Alpha and Beta Analysis
| TME Stock | USD 12.18 0.54 4.64% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Tencent Music Entertainment. It also helps investors analyze the systematic and unsystematic risks associated with investing in Tencent Music over a specified time horizon. Remember, high Tencent Music'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 Tencent Music's market risk premium analysis include:
Beta 0.4 | Alpha 0.001349 | Risk 2.73 | Sharpe Ratio 0.0418 | Expected Return 0.11 |
Tencent Music Quarterly Cash And Equivalents |
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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.
Tencent |
Tencent Music Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Tencent Music market risk premium is the additional return an investor will receive from holding Tencent Music 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 Tencent Music. 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 Tencent Music's performance over market.| α | 0 | β | 0.40 |
Tencent Music 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 Tencent Music's Buy-and-hold return. Our buy-and-hold chart shows how Tencent Music performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Tencent Music Market Price Analysis
Market price analysis indicators help investors to evaluate how Tencent Music stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tencent Music shares will generate the highest return on investment. By understating and applying Tencent Music stock market price indicators, traders can identify Tencent Music position entry and exit signals to maximize returns.
Tencent Music Return and Market Media
The median price of Tencent Music for the period between Fri, Nov 1, 2024 and Thu, Jan 30, 2025 is 11.49 with a coefficient of variation of 4.73. The daily time series for the period is distributed with a sample standard deviation of 0.54, arithmetic mean of 11.46, and mean deviation of 0.42. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Tencent Music Entertainment Group Shares Pulled Back After Strong Performance | 11/20/2024 |
2 | CORRECTING and REPLACING TME Pharma Announces Corporate Strategy Update and Upcoming 2.6 Million Guaranteed Financing With Intention to Launch Public Offer Open... | 12/04/2024 |
3 | Nomura Asset Management Co. Ltd. Has 28.85 Million Stock Holdings in Tencent Music Entertainment Group - MarketBeat | 12/11/2024 |
4 | TME PHARMA PRESENTE LES RSULTATS DE LA QUATRIME PRIODE DEXERCICE DES BONS DE SOUSCRIPTION Z | 12/20/2024 |
5 | TME Pharma Announces Successful Completion of 2.6 Million Public Offer With Strong Shareholder Support | 12/23/2024 |
6 | Are Tencent Music Entertainment Groups Fundamentals Good Enough to Warrant Buying Given The Stocks Recent Weakness | 12/30/2024 |
7 | Tencent Music Entertainment Group Trading 3.75 percent Higher on Jan 17 | 01/17/2025 |
8 | Union Bancaire Privee UBP SA Makes New Investment in Tencent Music Entertainment Group - MarketBeat | 01/29/2025 |
About Tencent Music 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 Tencent or other stocks. Alpha measures the amount that position in Tencent Music Entert 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 | 2024 | 2025 (projected) | Dividend Yield | 8.09E-4 | 7.28E-4 | 4.8E-4 | Price To Sales Ratio | 3.23 | 4.21 | 4.0 |
Tencent Music Upcoming Company Events
As portrayed in its financial statements, the presentation of Tencent Music's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Tencent Music's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Tencent Music's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Tencent Music. Please utilize our Beneish M Score to check the likelihood of Tencent Music's management manipulating its earnings.
| 19th of March 2024 Upcoming Quarterly Report | View | |
| 21st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 19th of March 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 Tencent Music
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Check out Tencent Music Backtesting, Tencent Music Valuation, Tencent Music Correlation, Tencent Music Hype Analysis, Tencent Music Volatility, Tencent Music History and analyze Tencent Music Performance. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Tencent Music 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.