Durect Stock Alpha and Beta Analysis
| DRRX Stock | USD 1.01 0.15 17.44% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Durect. It also helps investors analyze the systematic and unsystematic risks associated with investing in Durect over a specified time horizon. Remember, high Durect'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 Durect's market risk premium analysis include:
Beta (0.18) | Alpha (0.57) | Risk 4.85 | Sharpe Ratio (0.09) | Expected Return (0.46) |
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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.
Durect |
Durect Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Durect market risk premium is the additional return an investor will receive from holding Durect 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 Durect. 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 Durect's performance over market.| α | -0.57 | β | -0.18 |
Durect 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 Durect's Buy-and-hold return. Our buy-and-hold chart shows how Durect performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Durect Market Price Analysis
Market price analysis indicators help investors to evaluate how Durect stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Durect shares will generate the highest return on investment. By understating and applying Durect stock market price indicators, traders can identify Durect position entry and exit signals to maximize returns.
Durect Return and Market Media
The median price of Durect for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 1.34 with a coefficient of variation of 11.55. The daily time series for the period is distributed with a sample standard deviation of 0.15, arithmetic mean of 1.34, and mean deviation of 0.11. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Hoffmann Dave of 55000 shares of Durect subject to Rule 16b-3 | 09/04/2024 |
2 | DURECT Corporation Announces Phase 3 Registrational Trial Design for Larsucosterol in Alcohol-associated Hepatitis | 09/25/2024 |
3 | Head-To-Head Review Assembly Biosciences and DURECT | 10/10/2024 |
4 | Acquisition by Brown James E of 375000 shares of Durect at 1.3 subject to Rule 16b-3 | 10/14/2024 |
5 | Orchestra BioMed Holdings, Inc. Reports Q3 Loss, Tops Revenue Estimates | 11/12/2024 |
6 | DURECT GAAP EPS of -0.14 beats by 0.03, revenue of 1.92M misses by 0.06M | 11/13/2024 |
7 | DURECT Given Neutral Rating at HC Wainwright | 11/14/2024 |
About Durect 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 Durect or other stocks. Alpha measures the amount that position in Durect 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) | Days Sales Outstanding | 169.14 | 64.79 | 53.84 | 71.72 | PTB Ratio | 3.86 | 3.15 | 1.05 | 1.0 |
Durect Upcoming Company Events
As portrayed in its financial statements, the presentation of Durect's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Durect's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Durect's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Durect. Please utilize our Beneish M Score to check the likelihood of Durect's management manipulating its earnings.
| 5th of March 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 5th 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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Additional Tools for Durect Stock Analysis
When running Durect's price analysis, check to measure Durect's 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 Durect is operating at the current time. Most of Durect's value examination focuses on studying past and present price action to predict the probability of Durect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Durect's price. Additionally, you may evaluate how the addition of Durect to your portfolios can decrease your overall portfolio volatility.