Myers Industries Stock Alpha and Beta Analysis
| MYE Stock | USD 11.13 0.10 0.89% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Myers Industries. It also helps investors analyze the systematic and unsystematic risks associated with investing in Myers Industries over a specified time horizon. Remember, high Myers Industries' 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 Myers Industries' market risk premium analysis include:
Beta 1.61 | Alpha (0.58) | Risk 2.37 | Sharpe Ratio (0.19) | Expected Return (0.44) |
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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.
Myers |
Myers Industries Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Myers Industries market risk premium is the additional return an investor will receive from holding Myers Industries 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 Myers Industries. 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 Myers Industries' performance over market.| α | -0.58 | β | 1.61 |
Myers Industries 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 Myers Industries' Buy-and-hold return. Our buy-and-hold chart shows how Myers Industries performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Myers Industries Market Price Analysis
Market price analysis indicators help investors to evaluate how Myers Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Myers Industries shares will generate the highest return on investment. By understating and applying Myers Industries stock market price indicators, traders can identify Myers Industries position entry and exit signals to maximize returns.
Myers Industries Return and Market Media
The median price of Myers Industries for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 13.03 with a coefficient of variation of 8.67. The daily time series for the period is distributed with a sample standard deviation of 1.13, arithmetic mean of 13.05, and mean deviation of 0.95. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Gurnee Jim of 7980 shares of Myers Industries subject to Rule 16b-3 | 09/13/2024 |
2 | Myers Industries Scepter Brand Wins 2024 Pro Tool Innovation Award for Powered Fueling Station | 09/16/2024 |
| Myers Industries dividend paid on 3rd of October 2024 | 10/03/2024 |
3 | Myers Industries Connect-A-Dock Brand Named Official Dock Supplier for Head Of The Charles Regatta | 10/15/2024 |
4 | Myers Industries Will Pay A Dividend Of 0.135 | 10/31/2024 |
5 | Myers Industries earnings missed by 0.04, revenue fell short of estimates | 11/04/2024 |
6 | Q3 2024 Myers Industries Inc Earnings Call Transcript | 11/05/2024 |
7 | Myers Industries, Inc. Q3 2024 Earnings Call Transcript | 11/06/2024 |
8 | Flex Set to Join SP MidCap 400 Azenta and Concentra Group Holdings to Join SP SmallCap 600 | 11/19/2024 |
9 | Myers Industries appoints Aaron Schapper as President, CEO and Director | 11/21/2024 |
About Myers Industries 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 Myers or other stocks. Alpha measures the amount that position in Myers Industries 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 | 2024 (projected) | Dividend Yield | 0.0271 | 0.0248 | 0.0191 | Price To Sales Ratio | 0.95 | 0.89 | 0.58 |
Myers Industries Upcoming Company Events
As portrayed in its financial statements, the presentation of Myers Industries' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Myers Industries' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Myers Industries' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Myers Industries. Please utilize our Beneish M Score to check the likelihood of Myers Industries' management manipulating its earnings.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 2nd 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 Myers Industries
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Align your risk with return expectations
Check out Myers Industries Backtesting, Myers Industries Valuation, Myers Industries Correlation, Myers Industries Hype Analysis, Myers Industries Volatility, Myers Industries History and analyze Myers Industries Performance. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Myers Industries 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.