Nevro Corp Stock Alpha and Beta Analysis
| NVRO Stock | USD 4.60 0.02 0.44% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nevro Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nevro Corp over a specified time horizon. Remember, high Nevro Corp'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 Nevro Corp's market risk premium analysis include:
Beta 2.04 | Alpha (0.49) | Risk 4.74 | Sharpe Ratio (0.04) | Expected Return (0.18) |
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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.
Nevro |
Nevro Corp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nevro Corp market risk premium is the additional return an investor will receive from holding Nevro Corp 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 Nevro Corp. 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 Nevro Corp's performance over market.| α | -0.49 | β | 2.04 |
Nevro Corp 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 Nevro Corp's Buy-and-hold return. Our buy-and-hold chart shows how Nevro Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nevro Corp Market Price Analysis
Market price analysis indicators help investors to evaluate how Nevro Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nevro Corp shares will generate the highest return on investment. By understating and applying Nevro Corp stock market price indicators, traders can identify Nevro Corp position entry and exit signals to maximize returns.
Nevro Corp Return and Market Media
The median price of Nevro Corp for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 5.16 with a coefficient of variation of 9.99. The daily time series for the period is distributed with a sample standard deviation of 0.51, arithmetic mean of 5.14, and mean deviation of 0.42. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 1759 shares by Kashif Rashid of Nevro Corp at 5.18 subject to Rule 16b-3 | 09/06/2024 |
2 | Disposition of 3070 shares by Greg Siller of Nevro Corp at 5.85 subject to Rule 16b-3 | 09/19/2024 |
3 | Why Nevro Stands Out as a Strong Growth Candidate | 09/26/2024 |
4 | Disposition of 479 shares by Kashif Rashid of Nevro Corp at 4.97 subject to Rule 16b-3 | 10/04/2024 |
5 | Acquisition by Michael DeMane of 4695 shares of Nevro Corp subject to Rule 16b-3 | 10/11/2024 |
6 | Disposition of 6063 shares by Kevin Thornal of Nevro Corp at 4.85 subject to Rule 16b-3 | 10/24/2024 |
7 | DarioHealth Corp. Reports Q3 Loss, Tops Revenue Estimates | 11/07/2024 |
8 | Nevro Reports Third-Quarter 2024 Financial Results | 11/11/2024 |
9 | Nevros HFX iQ Spinal Cord Stimulation with AI Technology Receives CE Mark Certification in Europe, Increasing Product Expansion Globally | 11/12/2024 |
10 | Robert W. Baird Issues Positive Forecast for Nevro Stock Price | 11/13/2024 |
11 | Analysts Are Updating Their Nevro Corp. Estimates After Its Third-Quarter Results | 11/14/2024 |
12 | New Study Demonstrates Multiple Advantages of Nevro1, the Novel | 11/18/2024 |
13 | Nevros SI joint fixation system delivers enhanced stability and fusion for patients | 11/19/2024 |
About Nevro Corp 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 Nevro or other stocks. Alpha measures the amount that position in Nevro 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) | Days Sales Outstanding | 66.48 | 70.9 | 68.14 | 92.53 | PTB Ratio | 9.3 | 4.32 | 2.64 | 5.23 |
Nevro Corp Upcoming Company Events
As portrayed in its financial statements, the presentation of Nevro Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nevro Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nevro Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nevro Corp. Please utilize our Beneish M Score to check the likelihood of Nevro Corp's management manipulating its earnings.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Nevro Corp Backtesting, Nevro Corp Valuation, Nevro Corp Correlation, Nevro Corp Hype Analysis, Nevro Corp Volatility, Nevro Corp History and analyze Nevro Corp Performance. To learn how to invest in Nevro Stock, please use our How to Invest in Nevro Corp guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Nevro Corp 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.