District Metals Corp Stock Alpha and Beta Analysis
| DMX Stock | CAD 0.37 0.01 2.78% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as District Metals Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in District Metals over a specified time horizon. Remember, high District Metals' 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 District Metals' market risk premium analysis include:
Beta (0.57) | Alpha 0.37 | Risk 4.14 | Sharpe Ratio 0.1 | Expected Return 0.42 |
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.
District |
District Metals Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. District Metals market risk premium is the additional return an investor will receive from holding District Metals 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 District Metals. 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 District Metals' performance over market.| α | 0.37 | β | -0.57 |
District Metals 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 District Metals' Buy-and-hold return. Our buy-and-hold chart shows how District Metals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.District Metals Market Price Analysis
Market price analysis indicators help investors to evaluate how District Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading District Metals shares will generate the highest return on investment. By understating and applying District Metals stock market price indicators, traders can identify District Metals position entry and exit signals to maximize returns.
District Metals Return and Market Media
The median price of District Metals for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 0.36 with a coefficient of variation of 14.6. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 0.35, and mean deviation of 0.04. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | District Provides Notice to Shareholders who Seek to Transfer Shares in Preparation for Nasdaq First North Growth Listing - StockTitan | 09/24/2024 |
2 | District Metals Pursues Nasdaq First North Listing - TipRanks | 11/18/2024 |
About District Metals 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 District or other stocks. Alpha measures the amount that position in District Metals 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) | Payables Turnover | 7.93E-4 | 8.33E-4 | Days Of Inventory On Hand | 154.6K | 137.4K |
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 District Metals 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, District Metals' short interest history, or implied volatility extrapolated from District Metals options trading.
Build Portfolio with District Metals
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
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Additional Tools for District Stock Analysis
When running District Metals' price analysis, check to measure District Metals' 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 District Metals is operating at the current time. Most of District Metals' value examination focuses on studying past and present price action to predict the probability of District Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move District Metals' price. Additionally, you may evaluate how the addition of District Metals to your portfolios can decrease your overall portfolio volatility.