Baytex Energy Corp Stock Alpha and Beta Analysis
| BTE Stock | CAD 3.97 0.09 2.22% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Baytex Energy Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Baytex Energy over a specified time horizon. Remember, high Baytex Energy'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 Baytex Energy's market risk premium analysis include:
Beta 0.0982 | Alpha (0.22) | Risk 2.58 | Sharpe Ratio (0.12) | Expected Return (0.32) |
Enterprise Value |
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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.
Baytex |
Baytex Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Baytex Energy market risk premium is the additional return an investor will receive from holding Baytex Energy 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 Baytex Energy. 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 Baytex Energy's performance over market.| α | -0.22 | β | 0.1 |
Baytex Energy 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 Baytex Energy's Buy-and-hold return. Our buy-and-hold chart shows how Baytex Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Baytex Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how Baytex Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Baytex Energy shares will generate the highest return on investment. By understating and applying Baytex Energy stock market price indicators, traders can identify Baytex Energy position entry and exit signals to maximize returns.
Baytex Energy Return and Market Media
The median price of Baytex Energy for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 4.2 with a coefficient of variation of 6.07. The daily time series for the period is distributed with a sample standard deviation of 0.26, arithmetic mean of 4.25, and mean deviation of 0.19. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Baytex Energy Shares Down 3.7 percent - MarketBeat | 09/26/2024 |
2 | Baytex Conference Call and Webcast on Third Quarter 2024 Results to Be Held on November 1, 2024 - StockTitan | 10/24/2024 |
About Baytex Energy 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 Baytex or other stocks. Alpha measures the amount that position in Baytex Energy 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.
| 2023 | 2024 (projected) | Dividend Yield | 0.0109 | 0.0104 | Price To Sales Ratio | 0.92 | 0.87 |
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 Baytex Energy 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, Baytex Energy's short interest history, or implied volatility extrapolated from Baytex Energy options trading.
Build Portfolio with Baytex Energy
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.Build Diversified Portfolios
Align your risk with return expectations
Check out Baytex Energy Backtesting, Baytex Energy Valuation, Baytex Energy Correlation, Baytex Energy Hype Analysis, Baytex Energy Volatility, Baytex Energy History and analyze Baytex Energy Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Baytex Energy 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.