Envirotech Vehicles Stock Alpha and Beta Analysis
| EVTV Stock | USD 1.40 0.21 13.04% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Envirotech Vehicles. It also helps investors analyze the systematic and unsystematic risks associated with investing in Envirotech Vehicles over a specified time horizon. Remember, high Envirotech Vehicles' 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 Envirotech Vehicles' market risk premium analysis include:
Beta (0.27) | Alpha (0.61) | Risk 3.91 | Sharpe Ratio (0.09) | Expected Return (0.36) |
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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.
Envirotech |
Envirotech Vehicles Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Envirotech Vehicles market risk premium is the additional return an investor will receive from holding Envirotech Vehicles 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 Envirotech Vehicles. 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 Envirotech Vehicles' performance over market.| α | -0.61 | β | -0.27 |
Envirotech Vehicles 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 Envirotech Vehicles' Buy-and-hold return. Our buy-and-hold chart shows how Envirotech Vehicles performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Envirotech Vehicles Market Price Analysis
Market price analysis indicators help investors to evaluate how Envirotech Vehicles stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Envirotech Vehicles shares will generate the highest return on investment. By understating and applying Envirotech Vehicles stock market price indicators, traders can identify Envirotech Vehicles position entry and exit signals to maximize returns.
Envirotech Vehicles Return and Market Media
The median price of Envirotech Vehicles for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 1.8 with a coefficient of variation of 9.02. The daily time series for the period is distributed with a sample standard deviation of 0.16, arithmetic mean of 1.83, and mean deviation of 0.11. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Kanning Kevin G. of 50000 shares of Envirotech Vehicles at 0.45 subject to Rule 16b-3 | 09/13/2024 |
2 | Envirotech Vehicles announces private stock placement By Investing.com - Investing.com South Africa | 09/20/2024 |
3 | Insider Trading | 10/16/2024 |
4 | Envirotech Acquires Maddox Industries to Propel U.S. Manufacturing and Electric Vehicle Initiatives | 10/31/2024 |
5 | Disposition of 200000 shares by Reynolds James L. of Envirotech Vehicles subject to Rule 16b-3 | 11/05/2024 |
6 | Envirotech Vehicles Q3 Earnings Snapshot - Thehour.com | 11/14/2024 |
About Envirotech Vehicles 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 Envirotech or other stocks. Alpha measures the amount that position in Envirotech Vehicles 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 | 5.37 | 4.59 | 2.44 | 2.32 | Days Of Inventory On Hand | 1.1K | 746.58 | 2.0K | 2.1K |
Envirotech Vehicles Upcoming Company Events
As portrayed in its financial statements, the presentation of Envirotech Vehicles' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Envirotech Vehicles' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Envirotech Vehicles' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Envirotech Vehicles. Please utilize our Beneish M Score to check the likelihood of Envirotech Vehicles' management manipulating its earnings.
| 23rd of September 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' 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 Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.