Churchill Downs (Germany) Alpha and Beta Analysis
| CHR Stock | 131.00 1.00 0.76% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Churchill Downs Incorporated. It also helps investors analyze the systematic and unsystematic risks associated with investing in Churchill Downs over a specified time horizon. Remember, high Churchill Downs' 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 Churchill Downs' market risk premium analysis include:
Beta 0.33 | Alpha 0.0279 | Risk 1.62 | Sharpe Ratio 0.0484 | Expected Return 0.0784 |
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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Churchill Downs Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Churchill Downs market risk premium is the additional return an investor will receive from holding Churchill Downs 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 Churchill Downs. 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 Churchill Downs' performance over market.| α | 0.03 | β | 0.33 |
Churchill Downs 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 Churchill Downs' Buy-and-hold return. Our buy-and-hold chart shows how Churchill Downs performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Churchill Downs Market Price Analysis
Market price analysis indicators help investors to evaluate how Churchill Downs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Churchill Downs shares will generate the highest return on investment. By understating and applying Churchill Downs stock market price indicators, traders can identify Churchill Downs position entry and exit signals to maximize returns.
Churchill Downs Return and Market Media
The median price of Churchill Downs for the period between Thu, Sep 12, 2024 and Wed, Dec 11, 2024 is 127.61 with a coefficient of variation of 3.68. The daily time series for the period is distributed with a sample standard deviation of 4.69, arithmetic mean of 127.61, and mean deviation of 3.99. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About Churchill Downs 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 Churchill or other stocks. Alpha measures the amount that position in Churchill Downs 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.
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 Churchill Downs 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, Churchill Downs' short interest history, or implied volatility extrapolated from Churchill Downs options trading.
Build Portfolio with Churchill Downs
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Additional Tools for Churchill Stock Analysis
When running Churchill Downs' price analysis, check to measure Churchill Downs' 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 Churchill Downs is operating at the current time. Most of Churchill Downs' value examination focuses on studying past and present price action to predict the probability of Churchill Downs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Downs' price. Additionally, you may evaluate how the addition of Churchill Downs to your portfolios can decrease your overall portfolio volatility.