Eldorado Gold Corp Stock Alpha and Beta Analysis
| EGO Stock | USD 15.88 0.18 1.15% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Eldorado Gold Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Eldorado Gold over a specified time horizon. Remember, high Eldorado Gold'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 Eldorado Gold's market risk premium analysis include:
Beta 0.26 | Alpha (0.18) | Risk 2.49 | Sharpe Ratio (0.01) | Expected Return (0.02) |
Eldorado Gold 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.
Eldorado |
Eldorado Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Eldorado Gold market risk premium is the additional return an investor will receive from holding Eldorado Gold 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 Eldorado Gold. 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 Eldorado Gold's performance over market.| α | -0.18 | β | 0.26 |
Eldorado Gold 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 Eldorado Gold's Buy-and-hold return. Our buy-and-hold chart shows how Eldorado Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Eldorado Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how Eldorado Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eldorado Gold shares will generate the highest return on investment. By understating and applying Eldorado Gold stock market price indicators, traders can identify Eldorado Gold position entry and exit signals to maximize returns.
Eldorado Gold Return and Market Media
The median price of Eldorado Gold for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 17.25 with a coefficient of variation of 5.28. The daily time series for the period is distributed with a sample standard deviation of 0.9, arithmetic mean of 17.03, and mean deviation of 0.76. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Avient Stock Scales Fresh 52-week High Whats Driving It | 09/30/2024 |
2 | Eldorado Gold Co. Receives Average Rating of Hold from Analysts | 10/10/2024 |
3 | Eldorado Gold is an Incredible Growth Stock 3 Reasons Why | 11/04/2024 |
4 | TRU Copper Exploration Program Returns Samples Assaying 3.7 percent and 3.2 percent Cu at Golden Rose | 11/05/2024 |
5 | There May Be Underlying Issues With The Quality Of Eldorado Golds Earnings | 11/07/2024 |
6 | Eldorado Gold Corp Shares Gap Down to 15.295 on Nov 11 | 11/11/2024 |
7 | VAN ECK ASSOCIATES CORPs Strategic Adjustment in Eldorado Gold Corp Holdings | 11/15/2024 |
8 | Investors Will Want Eldorado Golds Growth In ROCE To Persist | 11/19/2024 |
9 | Are Options Traders Betting on a Big Move in Eldorado Gold Stock | 11/20/2024 |
About Eldorado Gold 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 Eldorado or other stocks. Alpha measures the amount that position in Eldorado Gold Corp 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) | Payables Turnover | 9.16 | 9.34 | 7.93 | 4.18 | Days Of Inventory On Hand | 99.94 | 103.73 | 116.35 | 101.62 |
Eldorado Gold Upcoming Company Events
As portrayed in its financial statements, the presentation of Eldorado Gold's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Eldorado Gold's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Eldorado Gold's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Eldorado Gold. Please utilize our Beneish M Score to check the likelihood of Eldorado Gold's management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd 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 Eldorado Gold
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Align your risk with return expectations
Check out Eldorado Gold Backtesting, Eldorado Gold Valuation, Eldorado Gold Correlation, Eldorado Gold Hype Analysis, Eldorado Gold Volatility, Eldorado Gold History and analyze Eldorado Gold Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Eldorado Gold 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.