Credo Technology Group Stock Alpha and Beta Analysis
| CRDO Stock | USD 45.84 0.44 0.95% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Credo Technology Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Credo Technology over a specified time horizon. Remember, high Credo Technology'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 Credo Technology's market risk premium analysis include:
Beta 2.93 | Alpha 0.13 | Risk 4.43 | Sharpe Ratio 0.11 | Expected Return 0.5 |
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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.
Credo |
Credo Technology Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Credo Technology market risk premium is the additional return an investor will receive from holding Credo Technology 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 Credo Technology. 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 Credo Technology's performance over market.| α | 0.13 | β | 2.92 |
Credo Technology 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 Credo Technology's Buy-and-hold return. Our buy-and-hold chart shows how Credo Technology performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Credo Technology Market Price Analysis
Market price analysis indicators help investors to evaluate how Credo Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Credo Technology shares will generate the highest return on investment. By understating and applying Credo Technology stock market price indicators, traders can identify Credo Technology position entry and exit signals to maximize returns.
Credo Technology Return and Market Media
The median price of Credo Technology for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 36.38 with a coefficient of variation of 17.74. The daily time series for the period is distributed with a sample standard deviation of 6.34, arithmetic mean of 35.77, and mean deviation of 5.33. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 8587 shares by Yat Lam of Credo Technology at 27.8408 subject to Rule 16b-3 | 09/12/2024 |
2 | Disposition of 38651 shares by Chi Cheng of Credo Technology at 28.4192 subject to Rule 16b-3 | 09/13/2024 |
3 | Disposition of 7534 shares by James Laufman of Credo Technology at 28.98 subject to Rule 16b-3 | 09/19/2024 |
4 | Disposition of 20000 shares by James Laufman of Credo Technology at 31.3602 subject to Rule 16b-3 | 09/27/2024 |
5 | Disposition of 57082 shares by Daniel Fleming of Credo Technology at 2.33 subject to Rule 16b-3 | 09/30/2024 |
6 | Credo Technology CFO sells over 3.3m in company stock | 10/02/2024 |
7 | Disposition of 918 shares by Tan Lip Bu of Credo Technology at 33.6396 subject to Rule 16b-3 | 10/08/2024 |
8 | Disposition of 15281 shares by Tan Lip Bu of Credo Technology at .055 subject to Rule 16b-3 | 10/14/2024 |
9 | Disposition of 3790 shares by Daniel Fleming of Credo Technology at 36.1412 subject to Rule 16b-3 | 10/16/2024 |
10 | Credo Technology Group Holding Ltd Shares Up 3.81 percent on Oct 17 | 10/17/2024 |
11 | Disposition of 35579 shares by Chi Cheng of Credo Technology at .5992 subject to Rule 16b-3 | 10/21/2024 |
12 | Credo Technology Group Holding Ltd Shares Up 3.06 percent on Oct 29 | 10/29/2024 |
13 | Credo Technology Group Holding Ltd Trading 5.49 percent Higher on Nov 1 | 11/01/2024 |
14 | Vanguard Group Incs Strategic Acquisition in Credo Technology Group Holding Ltd | 11/05/2024 |
15 | Disposition of 4192 shares by Chi Cheng of Credo Technology at 48.261 subject to Rule 16b-3 | 11/08/2024 |
16 | Credo Technology Group Holding Ltd Shares Gap Down to 45.725 on Nov 11 | 11/11/2024 |
17 | AEC | 11/14/2024 |
18 | Disposition of 4151 shares by Chi Cheng of Credo Technology at 41.0635 subject to Rule 16b-3 | 11/18/2024 |
19 | Credo Technology Group Holding Ltd Stock Price Up 2.11 percent on Nov 19 | 11/19/2024 |
20 | Credo Releases 2024 Environmental, Social, and Governance Report | 11/21/2024 |
About Credo Technology 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 Credo or other stocks. Alpha measures the amount that position in Credo Technology 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.
| 2010 | 2024 (projected) | null | 153.63 | 135.73 | null | 5.33 | 2.92 |
Credo Technology Upcoming Company Events
As portrayed in its financial statements, the presentation of Credo Technology's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Credo Technology's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Credo Technology's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Credo Technology. Please utilize our Beneish M Score to check the likelihood of Credo Technology's management manipulating its earnings.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 29th of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 29th of May 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 30th of April 2023 Last Financial Announcement | View |
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Check out Credo Technology Backtesting, Credo Technology Valuation, Credo Technology Correlation, Credo Technology Hype Analysis, Credo Technology Volatility, Credo Technology History and analyze Credo Technology Performance. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Credo Technology 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.