Draganfly Stock Alpha and Beta Analysis
| DPRO Stock | USD 2.51 0.20 8.66% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Draganfly. It also helps investors analyze the systematic and unsystematic risks associated with investing in Draganfly over a specified time horizon. Remember, high Draganfly'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 Draganfly's market risk premium analysis include:
Beta 1.09 | Alpha (0.40) | Risk 7.41 | Sharpe Ratio 0.0027 | Expected Return 0.0201 |
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.
Draganfly |
Draganfly Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Draganfly market risk premium is the additional return an investor will receive from holding Draganfly 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 Draganfly. 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 Draganfly's performance over market.| α | -0.4 | β | 1.09 |
Draganfly 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 Draganfly's Buy-and-hold return. Our buy-and-hold chart shows how Draganfly performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Draganfly Market Price Analysis
Market price analysis indicators help investors to evaluate how Draganfly stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Draganfly shares will generate the highest return on investment. By understating and applying Draganfly stock market price indicators, traders can identify Draganfly position entry and exit signals to maximize returns.
Draganfly Return and Market Media
The median price of Draganfly for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 2.58 with a coefficient of variation of 17.94. The daily time series for the period is distributed with a sample standard deviation of 0.48, arithmetic mean of 2.66, and mean deviation of 0.39. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Draganfly Receives Purchase Order for its Commander 3XL and Draganfly Flex FPV Drones for deployment within the U.S. Department of Defense | 09/05/2024 |
2 | Draganfly Receives Military Purchase Order for its Commander 3XL to be used for logistics within various branches of the U.S. Department of Defense | 09/24/2024 |
3 | Draganfly Inc Q2 2024 Earnings Call Highlights Navigating Challenges with Strategic ... | 10/09/2024 |
4 | Draganfly Scheduled to Post Quarterly Earnings on Thursday | 11/13/2024 |
5 | Draganfly Inc Q3 2024 Earnings Call Highlights Record Revenue and Strategic Advances ... | 11/15/2024 |
6 | Draganfly Announces Closing of US3.76 Million Registered Direct Offering - Yahoo Finance | 11/19/2024 |
About Draganfly 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 Draganfly or other stocks. Alpha measures the amount that position in Draganfly 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 | 12.15 | 9.07 | 3.57 | 3.3 | Days Of Inventory On Hand | 280.6 | 56.56 | 129.76 | 101.97 |
Draganfly Upcoming Company Events
As portrayed in its financial statements, the presentation of Draganfly's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Draganfly's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Draganfly's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Draganfly. Please utilize our Beneish M Score to check the likelihood of Draganfly's management manipulating its earnings.
| 25th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 25th of March 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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Check out Draganfly Backtesting, Draganfly Valuation, Draganfly Correlation, Draganfly Hype Analysis, Draganfly Volatility, Draganfly History and analyze Draganfly Performance. To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Draganfly 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.