Pro Medicus (Australia) Alpha and Beta Analysis
| PME Stock | 251.89 3.71 1.49% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Pro Medicus. It also helps investors analyze the systematic and unsystematic risks associated with investing in Pro Medicus over a specified time horizon. Remember, high Pro Medicus' 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 Pro Medicus' market risk premium analysis include:
Beta 0.45 | Alpha 0.74 | Risk 1.98 | Sharpe Ratio 0.41 | Expected Return 0.8 |
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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Pro Medicus Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Pro Medicus market risk premium is the additional return an investor will receive from holding Pro Medicus 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 Pro Medicus. 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 Pro Medicus' performance over market.| α | 0.74 | β | 0.45 |
Pro Medicus 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 Pro Medicus' Buy-and-hold return. Our buy-and-hold chart shows how Pro Medicus performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Pro Medicus Market Price Analysis
Market price analysis indicators help investors to evaluate how Pro Medicus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pro Medicus shares will generate the highest return on investment. By understating and applying Pro Medicus stock market price indicators, traders can identify Pro Medicus position entry and exit signals to maximize returns.
Pro Medicus Return and Market Media
The median price of Pro Medicus for the period between Sun, Sep 1, 2024 and Sat, Nov 30, 2024 is 186.7 with a coefficient of variation of 12.18. The daily time series for the period is distributed with a sample standard deviation of 22.83, arithmetic mean of 187.47, and mean deviation of 17.5. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Pro Medicus And 2 Other High Growth Tech Stocks In Australia - Yahoo Finance | 09/18/2024 |
2 | A deep dive into PME shares - Rask Media | 09/30/2024 |
3 | Doubled in a year Does this booming ASX share have another 24 percent upside - MSN | 11/20/2024 |
About Pro Medicus 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 Pro or other stocks. Alpha measures the amount that position in Pro Medicus 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pro Medicus in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pro Medicus' short interest history, or implied volatility extrapolated from Pro Medicus options trading.
Build Portfolio with Pro Medicus
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Additional Tools for Pro Stock Analysis
When running Pro Medicus' price analysis, check to measure Pro Medicus' 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 Pro Medicus is operating at the current time. Most of Pro Medicus' value examination focuses on studying past and present price action to predict the probability of Pro Medicus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Medicus' price. Additionally, you may evaluate how the addition of Pro Medicus to your portfolios can decrease your overall portfolio volatility.