Auxly Cannabis Group Stock Alpha and Beta Analysis

XLY Stock  CAD 0.04  0  7.14%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Auxly Cannabis Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Auxly Cannabis over a specified time horizon. Remember, high Auxly Cannabis' 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 Auxly Cannabis' market risk premium analysis include:
Beta
(1.14)
Alpha
0.21
Risk
9.89
Sharpe Ratio
0.0187
Expected Return
0.19
Please note that although Auxly Cannabis alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Auxly Cannabis did 0.21  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Auxly Cannabis Group stock's relative risk over its benchmark. Auxly Cannabis Group has a beta of 1.14  . As the market becomes more bullish, returns on owning Auxly Cannabis are expected to decrease slowly. On the other hand, during market turmoil, Auxly Cannabis is expected to outperform it slightly. At this time, Auxly Cannabis' Book Value Per Share is very stable compared to the past year. As of the 28th of November 2024, Tangible Book Value Per Share is likely to grow to 0.02, though Enterprise Value Over EBITDA is likely to grow to (13.46).

Auxly Cannabis Quarterly Cash And Equivalents

8.56 Million

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.
  
Check out Auxly Cannabis Backtesting, Auxly Cannabis Valuation, Auxly Cannabis Correlation, Auxly Cannabis Hype Analysis, Auxly Cannabis Volatility, Auxly Cannabis History and analyze Auxly Cannabis Performance.

Auxly Cannabis Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Auxly Cannabis market risk premium is the additional return an investor will receive from holding Auxly Cannabis 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 Auxly Cannabis. 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 Auxly Cannabis' performance over market.
α0.21   β-1.14

Auxly Cannabis 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 Auxly Cannabis' Buy-and-hold return. Our buy-and-hold chart shows how Auxly Cannabis performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Auxly Cannabis Market Price Analysis

Market price analysis indicators help investors to evaluate how Auxly Cannabis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Auxly Cannabis shares will generate the highest return on investment. By understating and applying Auxly Cannabis stock market price indicators, traders can identify Auxly Cannabis position entry and exit signals to maximize returns.

Auxly Cannabis Return and Market Media

The median price of Auxly Cannabis for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 0.04 with a coefficient of variation of 11.12. The daily time series for the period is distributed with a sample standard deviation of 0.0, arithmetic mean of 0.04, and mean deviation of 0.0. The Stock received some media coverage during the period.
 Price Growth (%)  
       Timeline  
1
AUXLY TO REPORT THIRD QUARTER 2024 FINANCIAL RESULTS ON NOVEMBER 8, 2024 - Yahoo Finance
10/31/2024

About Auxly Cannabis 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 Auxly or other stocks. Alpha measures the amount that position in Auxly Cannabis Group 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)
Payables Turnover2.112.321.932.23
Days Of Inventory On Hand333.34259.66143.75136.56
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 Auxly Cannabis 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, Auxly Cannabis' short interest history, or implied volatility extrapolated from Auxly Cannabis options trading.

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Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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Other Information on Investing in Auxly Stock

Auxly Cannabis financial ratios help investors to determine whether Auxly Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Auxly with respect to the benefits of owning Auxly Cannabis security.