Codexis Stock Alpha and Beta Analysis
| CDXS Stock | USD 4.55 0.06 1.30% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Codexis. It also helps investors analyze the systematic and unsystematic risks associated with investing in Codexis over a specified time horizon. Remember, high Codexis' 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 Codexis' market risk premium analysis include:
Beta 2.05 | Alpha 0.53 | Risk 4.06 | Sharpe Ratio 0.19 | Expected Return 0.79 |
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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.
Codexis |
Codexis Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Codexis market risk premium is the additional return an investor will receive from holding Codexis 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 Codexis. 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 Codexis' performance over market.| α | 0.53 | β | 2.05 |
Codexis 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 Codexis' Buy-and-hold return. Our buy-and-hold chart shows how Codexis performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Codexis Market Price Analysis
Market price analysis indicators help investors to evaluate how Codexis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Codexis shares will generate the highest return on investment. By understating and applying Codexis stock market price indicators, traders can identify Codexis position entry and exit signals to maximize returns.
Codexis Return and Market Media
The median price of Codexis for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 3.14 with a coefficient of variation of 14.55. The daily time series for the period is distributed with a sample standard deviation of 0.48, arithmetic mean of 3.28, and mean deviation of 0.38. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Singhvi Rahul of 31347 shares of Codexis subject to Rule 16b-3 | 09/06/2024 |
2 | Acquisition by Dilly Stephen George of 58479 shares of Codexis at 1.7263 subject to Rule 16b-3 | 09/13/2024 |
3 | Disposition of 35714 shares by John Nicols of Codexis at 1.97 subject to Rule 16b-3 | 09/17/2024 |
4 | Acquisition by Opaleye Management Inc. of 80000 shares of Codexis at 2.9357 subject to Rule 16b-3 | 09/24/2024 |
5 | Insider Trading | 09/30/2024 |
6 | Acquisition by Georgia Erbez of 50000 shares of Codexis subject to Rule 16b-3 | 10/10/2024 |
7 | Codexis Announces Three siRNA Manufacturing Data Presentations at TIDES Europe Annual Meeting | 10/24/2024 |
8 | Acquisition by Opaleye Management Inc. of 25000 shares of Codexis at 2.9088 subject to Rule 16b-3 | 10/25/2024 |
9 | 10/30/2024 |
10 | Codexis Q3 Earnings Snapshot | 10/31/2024 |
11 | Earnings call Codexis reports revenue growth and strategic focus in Q3 2024 | 11/01/2024 |
12 | Codexis Unveils Pioneering Enzymatic Synthesis Data to Enable the Future Manufacturing of RNAi Therapeutics | 11/14/2024 |
13 | Codexis Forward Dividend Yield percent 0.00 percent - GuruFocus.com | 11/20/2024 |
About Codexis 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 Codexis or other stocks. Alpha measures the amount that position in Codexis 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 Turnover | 7.42 | 11.72 | 2.15 | 3.17 | Days Of Inventory On Hand | 19.06 | 19.47 | 76.51 | 53.39 |
Codexis Upcoming Company Events
As portrayed in its financial statements, the presentation of Codexis' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Codexis' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Codexis' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Codexis. Please utilize our Beneish M Score to check the likelihood of Codexis' management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd 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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Additional Tools for Codexis Stock Analysis
When running Codexis' price analysis, check to measure Codexis' 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 Codexis is operating at the current time. Most of Codexis' value examination focuses on studying past and present price action to predict the probability of Codexis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Codexis' price. Additionally, you may evaluate how the addition of Codexis to your portfolios can decrease your overall portfolio volatility.