Garmin Stock Alpha and Beta Analysis
| GRMN Stock | USD 210.33 1.22 0.58% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Garmin. It also helps investors analyze the systematic and unsystematic risks associated with investing in Garmin over a specified time horizon. Remember, high Garmin'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 Garmin's market risk premium analysis include:
Beta 0.75 | Alpha 0.21 | Risk 3.23 | Sharpe Ratio 0.0929 | Expected Return 0.3 |
Garmin Quarterly Cash And Equivalents |
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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.
Garmin |
Garmin Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Garmin market risk premium is the additional return an investor will receive from holding Garmin 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 Garmin. 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 Garmin's performance over market.| α | 0.21 | β | 0.75 |
Garmin 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 Garmin's Buy-and-hold return. Our buy-and-hold chart shows how Garmin performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Garmin Market Price Analysis
Market price analysis indicators help investors to evaluate how Garmin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Garmin shares will generate the highest return on investment. By understating and applying Garmin stock market price indicators, traders can identify Garmin position entry and exit signals to maximize returns.
Garmin Return and Market Media
The median price of Garmin for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 176.92 with a coefficient of variation of 9.15. The daily time series for the period is distributed with a sample standard deviation of 16.61, arithmetic mean of 181.51, and mean deviation of 13.51. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 2750 shares by Philip Straub of Garmin at 181.4628 subject to Rule 16b-3 | 08/30/2024 |
2 | Disposition of 13815 shares by Min Kao of Garmin subject to Rule 16b-3 | 09/04/2024 |
| Garmin dividend paid on 13th of September 2024 | 09/13/2024 |
| Garmin dividend paid on 27th of September 2024 | 09/27/2024 |
3 | Ask Jerry How can I get more battery life from my smartwatch | 11/04/2024 |
4 | This Top Computer and Technology Stock is a 1 Why It Should Be on Your Radar | 11/06/2024 |
5 | One of the best mid-range sports watches Ive tested isnt made by Garmin or Amazfit | 11/12/2024 |
6 | Zacks Research Issues Negative Forecast for Garmin Earnings | 11/13/2024 |
7 | Garmin smartwatches could soon get support for one of the hottest and odd-sounding trends in fitness alongside the launch of the Instinct 3 | 11/14/2024 |
8 | Black Friday 2024 The 37 best early deals to shop right now | 11/15/2024 |
9 | The Garmin Instinct 3 has leaked Im hoping for two major changes | 11/18/2024 |
10 | Garmin Dives Into A New Area Of Sports Tech | 11/19/2024 |
11 | Frank Mayer and Associates, Inc. Nominated for Prestigious 2025 Vendors in Partnership Award | 11/20/2024 |
About Garmin 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 Garmin or other stocks. Alpha measures the amount that position in Garmin 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) | Dividend Yield | 0.0227 | 0.0382 | 0.0344 | 0.021 | Price To Sales Ratio | 4.71 | 3.66 | 4.2 | 5.36 |
Garmin Upcoming Company Events
As portrayed in its financial statements, the presentation of Garmin's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Garmin's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Garmin's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Garmin. Please utilize our Beneish M Score to check the likelihood of Garmin's management manipulating its earnings.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 1st 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 Garmin Backtesting, Garmin Valuation, Garmin Correlation, Garmin Hype Analysis, Garmin Volatility, Garmin History and analyze Garmin Performance. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Garmin 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.