Ess Tech Stock Alpha and Beta Analysis
| GWH Stock | USD 5.85 0.15 2.50% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ESS Tech. It also helps investors analyze the systematic and unsystematic risks associated with investing in ESS Tech over a specified time horizon. Remember, high ESS Tech'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 ESS Tech's market risk premium analysis include:
Beta 3.02 | Alpha (0.49) | Risk 7.79 | Sharpe Ratio 0.0359 | Expected Return 0.28 |
ESS Tech 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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ESS Tech Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ESS Tech market risk premium is the additional return an investor will receive from holding ESS Tech 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 ESS Tech. 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 ESS Tech's performance over market.| α | -0.49 | β | 3.02 |
ESS Tech 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 ESS Tech's Buy-and-hold return. Our buy-and-hold chart shows how ESS Tech performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.ESS Tech Market Price Analysis
Market price analysis indicators help investors to evaluate how ESS Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ESS Tech shares will generate the highest return on investment. By understating and applying ESS Tech stock market price indicators, traders can identify ESS Tech position entry and exit signals to maximize returns.
ESS Tech Return and Market Media
The median price of ESS Tech for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 6.98 with a coefficient of variation of 16.7. The daily time series for the period is distributed with a sample standard deviation of 1.17, arithmetic mean of 6.98, and mean deviation of 1.01. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Teamey Kyle of 142 shares of ESS Tech at 6.73 subject to Rule 16b-3 | 08/30/2024 |
2 | Disposition of 12628 shares by Craig Evans of ESS Tech at 3.72 subject to Rule 16b-3 | 09/06/2024 |
3 | Disposition of 7000 shares by Nijhawan Sandeep of ESS Tech at 5.72 subject to Rule 16b-3 | 09/11/2024 |
4 | ESS Australian Partner Raises AU65M in Public and Private Funds to Accelerate Iron Flow Deployments | 09/24/2024 |
5 | ESS Tech, Inc. Receives 0.12 Consensus Target Price from Analysts | 10/01/2024 |
6 | ESS Inc. Schedules Third Quarter 2024 Financial Results Conference Call | 10/21/2024 |
7 | Discretionary transaction by Honeywell International Inc of 10631633 shares of ESS Tech at 1.89 subject to Rule 16b-3 | 11/01/2024 |
8 | Acquisition by Wellman Alexi of 29486 shares of ESS Tech subject to Rule 16b-3 | 11/04/2024 |
9 | Bet on 5 Top-Ranked Stocks With Rising PE | 11/07/2024 |
10 | Portland metro public companys founders depart | 11/12/2024 |
11 | ESS Tech Inc Q3 2024 Earnings Call Highlights Navigating Financial Challenges and ... | 11/14/2024 |
12 | Acquisition by Eric Dresselhuys of 1000 shares of ESS Tech at 5.2271 subject to Rule 16b-3 | 11/18/2024 |
About ESS Tech 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 ESS or other stocks. Alpha measures the amount that position in ESS Tech 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 | 2023 | 2024 (projected) | Payables Turnover | 0.88 | 7.44 | 7.81 | Days Of Inventory On Hand | 166.63 | 59.95 | 56.95 |
ESS Tech Upcoming Company Events
As portrayed in its financial statements, the presentation of ESS Tech's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ESS Tech's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ESS Tech's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ESS Tech. Please utilize our Beneish M Score to check the likelihood of ESS Tech's management manipulating its earnings.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th 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 ESS Tech
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Align your risk with return expectations
Check out ESS Tech Backtesting, ESS Tech Valuation, ESS Tech Correlation, ESS Tech Hype Analysis, ESS Tech Volatility, ESS Tech History and analyze ESS Tech Performance. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
ESS Tech 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.