Innovex International, Stock Alpha and Beta Analysis
| INVX Stock | 17.36 0.46 2.72% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Innovex International,. It also helps investors analyze the systematic and unsystematic risks associated with investing in Innovex International, over a specified time horizon. Remember, high Innovex International,'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 Innovex International,'s market risk premium analysis include:
Beta 1.59 | Alpha 0.0602 | Risk 2.51 | Sharpe Ratio 0.0589 | Expected Return 0.15 |
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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.
Innovex |
Innovex International, Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Innovex International, market risk premium is the additional return an investor will receive from holding Innovex International, 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 Innovex International,. 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 Innovex International,'s performance over market.| α | 0.06 | β | 1.59 |
Innovex International, 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 Innovex International,'s Buy-and-hold return. Our buy-and-hold chart shows how Innovex International, performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Innovex International, Market Price Analysis
Market price analysis indicators help investors to evaluate how Innovex International, stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innovex International, shares will generate the highest return on investment. By understating and applying Innovex International, stock market price indicators, traders can identify Innovex International, position entry and exit signals to maximize returns.
Innovex International, Return and Market Media
The median price of Innovex International, for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 15.33 with a coefficient of variation of 4.33. The daily time series for the period is distributed with a sample standard deviation of 0.67, arithmetic mean of 15.41, and mean deviation of 0.55. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Dril-Quip Inc Trading 3.32 percent Higher on Sep 18 | 09/18/2024 |
2 | Dril-Quip Inc Stock Price Up 3.32 percent on Sep 30 | 09/30/2024 |
3 | Dril-Quip Inc Shares Up 3.32 percent on Oct 14 | 10/14/2024 |
4 | Dril-Quip Inc Shares Up 3.32 percent on Oct 29 | 10/29/2024 |
5 | Innovex International Inc Reports Q3 2024 Earnings EPS at 1.99, Revenue Hits 152 Million | 11/07/2024 |
6 | Acquisition by Fink Benjamin Matthew of 2022 shares of Innovex International, at 14.68 subject to Rule 16b-3 | 11/18/2024 |
About Innovex International, 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 Innovex or other stocks. Alpha measures the amount that position in Innovex International, 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 | 102.34 | 98.62 | 244.44 | 256.67 | PTB Ratio | 2.9 | 2.02 | 0.57 | 1.06 |
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 Innovex International, 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, Innovex International,'s short interest history, or implied volatility extrapolated from Innovex International, options trading.
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Additional Tools for Innovex Stock Analysis
When running Innovex International,'s price analysis, check to measure Innovex International,'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 Innovex International, is operating at the current time. Most of Innovex International,'s value examination focuses on studying past and present price action to predict the probability of Innovex International,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovex International,'s price. Additionally, you may evaluate how the addition of Innovex International, to your portfolios can decrease your overall portfolio volatility.