Great Lakes Dredge Stock Alpha and Beta Analysis
| GLDD Stock | USD 12.32 0.10 0.82% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Great Lakes Dredge. It also helps investors analyze the systematic and unsystematic risks associated with investing in Great Lakes over a specified time horizon. Remember, high Great Lakes' 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 Great Lakes' market risk premium analysis include:
Beta 1.85 | Alpha 0.36 | Risk 2.2 | Sharpe Ratio 0.17 | Expected Return 0.38 |
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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.
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Great Lakes Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Great Lakes market risk premium is the additional return an investor will receive from holding Great Lakes 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 Great Lakes. 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 Great Lakes' performance over market.| α | 0.36 | β | 1.85 |
Great Lakes 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 Great Lakes' Buy-and-hold return. Our buy-and-hold chart shows how Great Lakes performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Great Lakes Market Price Analysis
Market price analysis indicators help investors to evaluate how Great Lakes stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Great Lakes shares will generate the highest return on investment. By understating and applying Great Lakes stock market price indicators, traders can identify Great Lakes position entry and exit signals to maximize returns.
Great Lakes Return and Market Media
The median price of Great Lakes for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 11.46 with a coefficient of variation of 10.57. The daily time series for the period is distributed with a sample standard deviation of 1.16, arithmetic mean of 10.93, and mean deviation of 1.03. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Is Great Lakes Dredge Dock Outperforming Other Construction Stocks This Year | 09/12/2024 |
2 | Great Lakes Dredge Dock PT Raised to 14.00 | 09/25/2024 |
3 | Great Lakes Dredge Dock Co. Short Interest Update | 10/17/2024 |
4 | Great Lakes Dredge Dock GAAP EPS of 0.13, revenue of 191.2M | 11/05/2024 |
5 | Dredging Market Poised for Steady Growth, Projected to Reach USD 20,638.92 Million by 2034, Surging Steadily at 2.15 percent CAGR Future Market Insights, Inc. | 11/06/2024 |
6 | Great Lakes Dredge Dock Announces Earnings Results | 11/07/2024 |
7 | Can Strong Order Flow Extend GLDD Stocks Impressive 65 percent YTD Surge | 11/08/2024 |
8 | Disposition of 12000 shares by Steger Ronald of Great Lakes at 12.76 subject to Rule 16b-3 | 11/11/2024 |
9 | Disposition of 5323 shares by Dickerson Lawrence R of Great Lakes at 12.609 subject to Rule 16b-3 | 11/12/2024 |
10 | Insider Sale Director Kathleen Shanahan Sells 23,238 Shares of Great Lakes Dredge Dock ... | 11/13/2024 |
11 | Great Lakes Dredge Dock Director Lawrence Dickerson sells 191,799 in stock | 11/15/2024 |
12 | Great Lakes Dredge Docks Cape Hatteras and Cape Canaveral Multi Cat Vessels Win ... | 11/18/2024 |
About Great Lakes 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 Great or other stocks. Alpha measures the amount that position in Great Lakes Dredge 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) | Dividend Yield | 0.0319 | 0.0335 | Price To Sales Ratio | 0.87 | 0.51 |
Great Lakes Upcoming Company Events
As portrayed in its financial statements, the presentation of Great Lakes' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Great Lakes' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Great Lakes' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Great Lakes. Please utilize our Beneish M Score to check the likelihood of Great Lakes' management manipulating its earnings.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 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 Great Lakes Backtesting, Great Lakes Valuation, Great Lakes Correlation, Great Lakes Hype Analysis, Great Lakes Volatility, Great Lakes History and analyze Great Lakes Performance. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Great Lakes 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.