Dirtt Environmental Solutions Stock Alpha and Beta Analysis
| DRT Stock | CAD 1.08 0.13 13.68% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as DIRTT Environmental Solutions. It also helps investors analyze the systematic and unsystematic risks associated with investing in DIRTT Environmental over a specified time horizon. Remember, high DIRTT Environmental'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 DIRTT Environmental's market risk premium analysis include:
Beta (0.04) | Alpha 0.76 | Risk 4.23 | Sharpe Ratio 0.18 | Expected Return 0.77 |
DIRTT Environmental 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.
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DIRTT Environmental Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. DIRTT Environmental market risk premium is the additional return an investor will receive from holding DIRTT Environmental 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 DIRTT Environmental. 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 DIRTT Environmental's performance over market.| α | 0.76 | β | -0.04 |
DIRTT Environmental 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 DIRTT Environmental's Buy-and-hold return. Our buy-and-hold chart shows how DIRTT Environmental performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.DIRTT Environmental Market Price Analysis
Market price analysis indicators help investors to evaluate how DIRTT Environmental stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DIRTT Environmental shares will generate the highest return on investment. By understating and applying DIRTT Environmental stock market price indicators, traders can identify DIRTT Environmental position entry and exit signals to maximize returns.
DIRTT Environmental Return and Market Media
The median price of DIRTT Environmental for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 0.75 with a coefficient of variation of 13.9. The daily time series for the period is distributed with a sample standard deviation of 0.11, arithmetic mean of 0.81, and mean deviation of 0.11. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | DIRTT Shareholders Approve Amended Rights Plan - TipRanks | 09/20/2024 |
2 | DIRTT To Announce Third Quarter 2024 Financial Results On November 6, 2024 - Barchart | 10/22/2024 |
About DIRTT Environmental 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 DIRTT or other stocks. Alpha measures the amount that position in DIRTT Environmental 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 43.38 | 46.24 | 32.64 | 46.11 | PTB Ratio | 2.4 | 2.18 | 5.2 | 5.46 |
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 DIRTT Environmental 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, DIRTT Environmental's short interest history, or implied volatility extrapolated from DIRTT Environmental options trading.
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Other Information on Investing in DIRTT Stock
DIRTT Environmental financial ratios help investors to determine whether DIRTT Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in DIRTT with respect to the benefits of owning DIRTT Environmental security.