Newmarket Stock Alpha and Beta Analysis
| NEU Stock | USD 544.41 1.76 0.32% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NewMarket. It also helps investors analyze the systematic and unsystematic risks associated with investing in NewMarket over a specified time horizon. Remember, high NewMarket'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 NewMarket's market risk premium analysis include:
Beta 1.35 | Alpha (0.19) | Risk 1.75 | Sharpe Ratio (0.01) | Expected Return (0.02) |
NewMarket 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.
NewMarket |
NewMarket Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NewMarket market risk premium is the additional return an investor will receive from holding NewMarket 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 NewMarket. 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 NewMarket's performance over market.| α | -0.19 | β | 1.35 |
NewMarket 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 NewMarket's Buy-and-hold return. Our buy-and-hold chart shows how NewMarket performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.NewMarket Market Price Analysis
Market price analysis indicators help investors to evaluate how NewMarket stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewMarket shares will generate the highest return on investment. By understating and applying NewMarket stock market price indicators, traders can identify NewMarket position entry and exit signals to maximize returns.
NewMarket Return and Market Media
The median price of NewMarket for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 544.68 with a coefficient of variation of 2.64. The daily time series for the period is distributed with a sample standard deviation of 14.35, arithmetic mean of 543.23, and mean deviation of 12.51. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Acquisition by Thomas Gottwald of 198 shares of NewMarket subject to Rule 16b-3 | 08/30/2024 |
2 | Intech Investment Management LLC Purchases New Shares in NewMarket Co. - MarketBeat | 09/25/2024 |
| NewMarket dividend paid on 1st of October 2024 | 10/01/2024 |
3 | NewMarket Corp Q3 2024 Earnings EPS at 13.79, Revenue Hits 724.9 Million | 10/23/2024 |
4 | These ASX 200 growth shares could rise 65 percent and 100 | 10/29/2024 |
5 | Neuren Pharmaceuticals Shares Surge 6 percent on 150 Million PRV Sale | 11/06/2024 |
6 | Why Block, GQG, Neuren, and Sigma shares are racing higher today | 11/07/2024 |
7 | Why Imugene, Neuren, Sigma, and Smartgroup shares are charging higher | 11/08/2024 |
8 | New Forecasts Heres What Analysts Think The Future Holds For Neuren Pharmaceuticals Limited | 11/11/2024 |
9 | NewMarket Co. Sees Large Increase in Short Interest | 11/15/2024 |
10 | Principal Financial Group Inc. Has 9.77 Million Stock Holdings in NewMarket Co. - MarketBeat | 11/19/2024 |
11 | Pacer Advisors Inc. Has 107.93 Million Holdings in NewMarket Co. - MarketBeat | 11/22/2024 |
About NewMarket 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 NewMarket or other stocks. Alpha measures the amount that position in NewMarket 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) | Dividend Yield | 0.0233 | 0.027 | 0.0163 | 0.0154 | Price To Sales Ratio | 1.56 | 1.13 | 1.94 | 2.04 |
NewMarket Upcoming Company Events
As portrayed in its financial statements, the presentation of NewMarket's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NewMarket's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NewMarket's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NewMarket. Please utilize our Beneish M Score to check the likelihood of NewMarket's management manipulating its earnings.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Build Portfolio with NewMarket
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Additional Tools for NewMarket Stock Analysis
When running NewMarket's price analysis, check to measure NewMarket'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 NewMarket is operating at the current time. Most of NewMarket's value examination focuses on studying past and present price action to predict the probability of NewMarket's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewMarket's price. Additionally, you may evaluate how the addition of NewMarket to your portfolios can decrease your overall portfolio volatility.