Hammond Power Solutions Stock Alpha and Beta Analysis
| HPS-A Stock | CAD 134.79 6.99 4.93% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Hammond Power Solutions. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hammond Power over a specified time horizon. Remember, high Hammond Power'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 Hammond Power's market risk premium analysis include:
Beta 0.84 | Alpha 0.33 | Risk 3.21 | Sharpe Ratio 0.0985 | Expected Return 0.32 |
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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.
Hammond |
Hammond Power Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Hammond Power market risk premium is the additional return an investor will receive from holding Hammond Power 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 Hammond Power. 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 Hammond Power's performance over market.| α | 0.33 | β | 0.84 |
Hammond Power 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 Hammond Power's Buy-and-hold return. Our buy-and-hold chart shows how Hammond Power performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Hammond Power Market Price Analysis
Market price analysis indicators help investors to evaluate how Hammond Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hammond Power shares will generate the highest return on investment. By understating and applying Hammond Power stock market price indicators, traders can identify Hammond Power position entry and exit signals to maximize returns.
Hammond Power Return and Market Media
The median price of Hammond Power for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 131.25 with a coefficient of variation of 8.67. The daily time series for the period is distributed with a sample standard deviation of 11.35, arithmetic mean of 130.94, and mean deviation of 9.8. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Hammond Power Solutions Acquires Micron Industries - TipRanks | 09/23/2024 |
2 | Undiscovered Gems in Canada Featuring Hammond Power Solutions and 2 Other Promising Small Caps - Yahoo Finance | 10/09/2024 |
3 | Invest for Tomorrow 3 TSX Stocks to Build Lasting Wealth - MSN | 11/20/2024 |
About Hammond Power 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 Hammond or other stocks. Alpha measures the amount that position in Hammond Power Solutions 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.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0191 | 0.006732 | 0.006396 | Price To Sales Ratio | 0.43 | 1.37 | 1.44 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hammond Power in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hammond Power's short interest history, or implied volatility extrapolated from Hammond Power options trading.
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Additional Tools for Hammond Stock Analysis
When running Hammond Power's price analysis, check to measure Hammond Power'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 Hammond Power is operating at the current time. Most of Hammond Power's value examination focuses on studying past and present price action to predict the probability of Hammond Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Power's price. Additionally, you may evaluate how the addition of Hammond Power to your portfolios can decrease your overall portfolio volatility.