Alkermes Plc Stock Beta

ALKS Stock

USD 28.78 1.08 3.90%

Alkermes Plc fundamentals help investors to digest information that contributes to Alkermes Plc's financial success or failures. It also enables traders to predict the movement of Alkermes Stock. The fundamental analysis module provides a way to measure Alkermes Plc's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Alkermes Plc stock.

Short Long Term Debt Total Total Assets

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Alkermes Plc Company Beta Analysis

Alkermes Plc's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

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Current Alkermes Plc Beta

0.44

Most of Alkermes Plc's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alkermes Plc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Alkermes Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Alkermes Plc is extremely important. It helps to project a fair market value of Alkermes Stock properly, considering its historical fundamentals such as Beta. Since Alkermes Plc's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Alkermes Plc's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Alkermes Plc's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Total Liab	Total Current Assets	Short Term Debt	Net Receivables	Short Term Investments	Common Stock	Current Deferred Revenue	Long Term Debt	Property Plant Equipment	Treasury Stock	Net Tangible Assets	Good Will	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Intangible Assets	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.92	-0.24	-0.74	0.79	0.88	0.87	-0.03	0.82	0.66	0.89	-0.33	0.11	0.78	-0.64	0.78	-0.35	-0.79	0.7	-0.65	0.2	-0.7	-0.71	-0.27	0.47	0.49
Total Stockholder Equity	0.92		-0.03	-0.49	0.67	0.63	0.73	0.05	0.6	0.72	0.85	-0.58	0.17	0.67	-0.43	0.72	-0.19	-0.71	0.5	-0.57	0.37	-0.46	-0.65	-0.05	0.2	0.22
Net Debt	-0.24	-0.03		0.6	-0.59	-0.43	-0.66	0.26	-0.67	-0.33	-0.05	-0.14	0.8	0.0	0.77	-0.64	0.48	0.6	-0.74	0.56	0.12	0.79	0.64	0.34	-0.67	-0.66
Retained Earnings	-0.74	-0.49	0.6		-0.77	-0.89	-0.84	0.26	-0.94	-0.51	-0.71	-0.2	0.33	-0.7	0.94	-0.8	0.25	0.81	-0.9	0.73	-0.02	0.94	0.78	0.53	-0.63	-0.57
Accounts Payable	0.79	0.67	-0.59	-0.77		0.78	0.89	-0.27	0.88	0.55	0.62	-0.24	-0.33	0.54	-0.82	0.83	-0.56	-0.88	0.81	-0.72	0.06	-0.86	-0.82	-0.11	0.55	0.62
Total Liab	0.88	0.63	-0.43	-0.89	0.78		0.86	-0.13	0.92	0.45	0.75	0.04	0.0	0.76	-0.76	0.7	-0.47	-0.72	0.81	-0.61	-0.05	-0.85	-0.63	-0.47	0.69	0.71
Total Current Assets	0.87	0.73	-0.66	-0.84	0.89	0.86		-0.2	0.92	0.71	0.69	-0.19	-0.32	0.56	-0.85	0.92	-0.51	-0.89	0.89	-0.75	0.15	-0.91	-0.88	-0.39	0.68	0.7
Short Term Debt	-0.03	0.05	0.26	0.26	-0.27	-0.13	-0.2		-0.22	-0.12	0.0	-0.22	0.26	-0.02	0.31	-0.2	0.1	0.12	-0.14	-0.27	0.04	0.28	0.41	0.12	-0.19	-0.17
Net Receivables	0.82	0.6	-0.67	-0.94	0.88	0.92	0.92	-0.22		0.51	0.69	-0.02	-0.31	0.65	-0.92	0.84	-0.47	-0.87	0.91	-0.75	-0.04	-0.96	-0.8	-0.4	0.71	0.69
Short Term Investments	0.66	0.72	-0.33	-0.51	0.55	0.45	0.71	-0.12	0.51		0.64	-0.22	-0.28	0.46	-0.56	0.81	-0.02	-0.69	0.61	-0.58	0.26	-0.53	-0.81	-0.19	0.31	0.15
Common Stock	0.89	0.85	-0.05	-0.71	0.62	0.75	0.69	0.0	0.69	0.64		-0.24	0.17	0.93	-0.56	0.74	0.05	-0.69	0.67	-0.6	0.28	-0.57	-0.63	-0.17	0.33	0.15
Current Deferred Revenue	-0.33	-0.58	-0.14	-0.2	-0.24	0.04	-0.19	-0.22	-0.02	-0.22	-0.24		-0.09	0.0	-0.15	-0.21	0.24	0.32	0.03	0.17	-0.28	-0.08	0.12	-0.31	0.06	0.02
Long Term Debt	0.11	0.17	0.8	0.33	-0.33	0.0	-0.32	0.26	-0.31	-0.28	0.17	-0.09		0.27	0.58	-0.46	0.15	0.49	-0.45	0.44	-0.04	0.5	0.5	0.15	-0.26	-0.22
Property Plant Equipment	0.78	0.67	0.0	-0.7	0.54	0.76	0.56	-0.02	0.65	0.46	0.93	0.0	0.27		-0.51	0.57	0.07	-0.54	0.62	-0.46	0.05	-0.52	-0.46	-0.11	0.38	0.14
Treasury Stock	-0.64	-0.43	0.77	0.94	-0.82	-0.76	-0.85	0.31	-0.92	-0.56	-0.56	-0.15	0.58	-0.51		-0.86	0.31	0.87	-0.91	0.79	-0.03	0.97	0.87	0.43	-0.61	-0.56
Net Tangible Assets	0.78	0.72	-0.64	-0.8	0.83	0.7	0.92	-0.2	0.84	0.81	0.74	-0.21	-0.46	0.57	-0.86		-0.2	-0.9	0.9	-0.79	0.32	-0.85	-0.95	-0.26	0.53	0.41
Good Will	-0.35	-0.19	0.48	0.25	-0.56	-0.47	-0.51	0.1	-0.47	-0.02	0.05	0.24	0.15	0.07	0.31	-0.2		0.38	-0.34	0.24	0.39	0.48	0.21	0.21	-0.62	-0.88
Long Term Debt Total	-0.79	-0.71	0.6	0.81	-0.88	-0.72	-0.89	0.12	-0.87	-0.69	-0.69	0.32	0.49	-0.54	0.87	-0.9	0.38		-0.84	0.85	-0.15	0.87	0.86	0.26	-0.52	-0.49
Capital Surpluse	0.7	0.5	-0.74	-0.9	0.81	0.81	0.89	-0.14	0.91	0.61	0.67	0.03	-0.45	0.62	-0.91	0.9	-0.34	-0.84		-0.8	0.03	-0.94	-0.81	-0.39	0.78	0.61
Deferred Long Term Liab	-0.65	-0.57	0.56	0.73	-0.72	-0.61	-0.75	-0.27	-0.75	-0.58	-0.6	0.17	0.44	-0.46	0.79	-0.79	0.24	0.85	-0.8		-0.16	0.76	0.7	0.26	-0.42	-0.38
Long Term Investments	0.2	0.37	0.12	-0.02	0.06	-0.05	0.15	0.04	-0.04	0.26	0.28	-0.28	-0.04	0.05	-0.03	0.32	0.39	-0.15	0.03	-0.16		0.03	-0.27	0.04	-0.38	-0.26
Intangible Assets	-0.7	-0.46	0.79	0.94	-0.86	-0.85	-0.91	0.28	-0.96	-0.53	-0.57	-0.08	0.5	-0.52	0.97	-0.85	0.48	0.87	-0.94	0.76	0.03		0.83	0.49	-0.75	-0.73
Short Long Term Debt	-0.71	-0.65	0.64	0.78	-0.82	-0.63	-0.88	0.41	-0.8	-0.81	-0.63	0.12	0.5	-0.46	0.87	-0.95	0.21	0.86	-0.81	0.7	-0.27	0.83		0.28	-0.44	-0.4
Net Invested Capital	-0.27	-0.05	0.34	0.53	-0.11	-0.47	-0.39	0.12	-0.4	-0.19	-0.17	-0.31	0.15	-0.11	0.43	-0.26	0.21	0.26	-0.39	0.26	0.04	0.49	0.28		-0.44	-0.54
Net Working Capital	0.47	0.2	-0.67	-0.63	0.55	0.69	0.68	-0.19	0.71	0.31	0.33	0.06	-0.26	0.38	-0.61	0.53	-0.62	-0.52	0.78	-0.42	-0.38	-0.75	-0.44	-0.44		0.79
Capital Stock	0.49	0.22	-0.66	-0.57	0.62	0.71	0.7	-0.17	0.69	0.15	0.15	0.02	-0.22	0.14	-0.56	0.41	-0.88	-0.49	0.61	-0.38	-0.26	-0.73	-0.4	-0.54	0.79

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

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Predict Alkermes Plc

In accordance with the recently published financial statements, Alkermes Plc has a Beta of 0.435. This is 49.42% lower than that of the Biotechnology sector and significantly higher than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.

Alkermes Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alkermes Plc's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Alkermes Plc could also be used in its relative valuation, which is a method of valuing Alkermes Plc by comparing valuation metrics of similar companies.

Alkermes Plc is currently under evaluation in beta category among its peers.

Alkermes Plc ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Alkermes Plc's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Alkermes Plc's managers, analysts, and investors.

Environmental

Governance

Social

Alkermes Plc Institutional Holders

Institutional Holdings refers to the ownership stake in Alkermes Plc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Alkermes Plc's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Alkermes Plc's value.

		Shares
Deep Track Capital, Lp	2024-09-30	3.5 M
Primecap Management Company	2024-09-30	3.3 M
American Century Companies Inc	2024-09-30	3.2 M
Commodore Capital Lp	2024-09-30	2.9 M
Dimensional Fund Advisors, Inc.	2024-09-30	2.9 M
Bank Of New York Mellon Corp	2024-06-30	2.4 M
Norges Bank	2024-06-30	2.1 M
Charles Schwab Investment Management Inc	2024-09-30	2.1 M
Bank Of America Corp	2024-06-30	2 M
Blackrock Inc	2024-06-30	29.1 M
Vanguard Group Inc	2024-09-30	19 M

As returns on the market increase, Alkermes Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alkermes Plc is expected to be smaller as well.

Alkermes Fundamentals

	Return On Equity	0.29
	Return On Asset	0.0898
	Profit Margin	0.22 %
	Operating Margin	0.28 %
	Current Valuation	4.11 B
	Shares Outstanding	161.8 M
	Shares Owned By Insiders	1.31 %
	Shares Owned By Institutions	98.69 %
	Number Of Shares Shorted	16.12 M
	Price To Earning	(38.45) X
	Price To Book	3.60 X
	Price To Sales	3.09 X
	Revenue	1.66 B
	Gross Profit	893.69 M
	EBITDA	495.05 M
	Net Income	355.76 M
	Cash And Equivalents	580.97 M
	Cash Per Share	3.54 X
	Total Debt	372.19 M
	Debt To Equity	0.38 %
	Current Ratio	2.38 X
	Book Value Per Share	7.99 X
	Cash Flow From Operations	401.35 M
	Short Ratio	8.97 X
	Earnings Per Share	2.29 X
	Price To Earnings To Growth	(1,057) X
	Target Price	34.08
	Number Of Employees	2.1 K
	Beta	0.44
	Market Capitalization	4.66 B
	Total Asset	2.14 B
	Retained Earnings	(1.34 B)
	Working Capital	965.29 M
	Current Asset	754.96 M
	Current Liabilities	236.21 M
	Net Asset	2.14 B

About Alkermes Plc Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Alkermes Plc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alkermes Plc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alkermes Plc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Alkermes Stock Analysis

When running Alkermes Plc's price analysis, check to measure Alkermes Plc'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 Alkermes Plc is operating at the current time. Most of Alkermes Plc's value examination focuses on studying past and present price action to predict the probability of Alkermes Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkermes Plc's price. Additionally, you may evaluate how the addition of Alkermes Plc to your portfolios can decrease your overall portfolio volatility.

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