Championx Stock Alpha and Beta Analysis
| CHX Stock | USD 27.54 0.80 2.82% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ChampionX. It also helps investors analyze the systematic and unsystematic risks associated with investing in ChampionX over a specified time horizon. Remember, high ChampionX'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 ChampionX's market risk premium analysis include:
Beta 1.42 | Alpha (0.15) | Risk 2.03 | Sharpe Ratio (0.05) | Expected Return (0.10) |
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.
ChampionX |
ChampionX Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ChampionX market risk premium is the additional return an investor will receive from holding ChampionX 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 ChampionX. 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 ChampionX's performance over market.| α | -0.15 | β | 1.42 |
ChampionX 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 ChampionX's Buy-and-hold return. Our buy-and-hold chart shows how ChampionX performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.ChampionX Market Price Analysis
Market price analysis indicators help investors to evaluate how ChampionX stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ChampionX shares will generate the highest return on investment. By understating and applying ChampionX stock market price indicators, traders can identify ChampionX position entry and exit signals to maximize returns.
ChampionX Return and Market Media
The median price of ChampionX for the period between Wed, Sep 18, 2024 and Tue, Dec 17, 2024 is 30.63 with a coefficient of variation of 3.92. The daily time series for the period is distributed with a sample standard deviation of 1.18, arithmetic mean of 30.24, and mean deviation of 1.0. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | CHX 3 Oilfield Service Stocks to Buy as Drilling Demand Soars - StockNews.com | 10/02/2024 |
2 | 68,655 Shares in ChampionX Co. Bought by Kapitalo Investimentos Ltda | 10/16/2024 |
3 | ChampionX Non-GAAP EPS of 0.44 misses by 0.07, revenue of 906.53M misses by 46.57M | 10/23/2024 |
| ChampionX dividend paid on 25th of October 2024 | 10/25/2024 |
4 | Congress Asset Management Co. Sells 87,926 Shares of ChampionX Co. | 11/01/2024 |
5 | Disposition of 49303 shares by Deric Bryant of ChampionX at 5.13 subject to Rule 16b-3 | 11/06/2024 |
6 | ChampionX Co. Shares Acquired by Leeward Investments LLC MA | 11/07/2024 |
7 | Disposition of 1425 shares by Paul Mahoney of ChampionX at 30.25 subject to Rule 16b-3 | 11/08/2024 |
8 | Acquisition by Heidi Alderman of 4135 shares of ChampionX subject to Rule 16b-3 | 11/15/2024 |
9 | Acquisition by Daniel Rabun of 4135 shares of ChampionX subject to Rule 16b-3 | 11/18/2024 |
10 | ChampionX Co. to Issue Quarterly Dividend of 0.10 | 11/20/2024 |
11 | Disposition of 9061 shares by Deric Bryant of ChampionX at 29.85 subject to Rule 16b-3 | 12/02/2024 |
12 | MML Investors Services LLC Grows Stock Holdings in ChampionX Co. | 12/16/2024 |
About ChampionX 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 ChampionX or other stocks. Alpha measures the amount that position in ChampionX 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 | 0.0113 | 0.0108 | Price To Sales Ratio | 1.52 | 2.35 |
ChampionX Upcoming Company Events
As portrayed in its financial statements, the presentation of ChampionX's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ChampionX's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ChampionX's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ChampionX. Please utilize our Beneish M Score to check the likelihood of ChampionX's management manipulating its earnings.
| 5th of February 2024 Upcoming Quarterly Report | View | |
| 22nd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 5th of February 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 ChampionX
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
Align your risk with return expectations
Additional Tools for ChampionX Stock Analysis
When running ChampionX's price analysis, check to measure ChampionX'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 ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.