23andme Holding Co Stock Alpha and Beta Analysis
| ME Stock | USD 3.11 0.12 3.72% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as 23Andme Holding Co. It also helps investors analyze the systematic and unsystematic risks associated with investing in 23Andme Holding over a specified time horizon. Remember, high 23Andme Holding'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 23Andme Holding's market risk premium analysis include:
Beta 0.61 | Alpha (0.91) | Risk 6.56 | Sharpe Ratio (0.14) | Expected Return (0.92) |
Enterprise Value |
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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.
23Andme |
23Andme Holding Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. 23Andme Holding market risk premium is the additional return an investor will receive from holding 23Andme Holding 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 23Andme Holding. 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 23Andme Holding's performance over market.| α | -0.91 | β | 0.61 |
23Andme Holding 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 23Andme Holding's Buy-and-hold return. Our buy-and-hold chart shows how 23Andme Holding performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.23Andme Holding Market Price Analysis
Market price analysis indicators help investors to evaluate how 23Andme Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 23Andme Holding shares will generate the highest return on investment. By understating and applying 23Andme Holding stock market price indicators, traders can identify 23Andme Holding position entry and exit signals to maximize returns.
23Andme Holding Return and Market Media
The median price of 23Andme Holding for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 5.9 with a coefficient of variation of 21.22. The daily time series for the period is distributed with a sample standard deviation of 1.18, arithmetic mean of 5.54, and mean deviation of 0.99. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 38548 shares by Hibbs Kathy L of 23Andme Holding at 0.42 subject to Rule 16b-3 | 08/30/2024 |
2 | TODAY, GLOBAL PET ADOPTION AWARENESS CAMPAIGN - REMEMBER ME THURSDAY - SET TO LIGHT UP THE WORLD | 09/26/2024 |
3 | ASMLs Latest Chapter in the Semiconductor Story | 10/22/2024 |
4 | MATE ME INTRODUCES THE FIRST PRENATAL GUMMY DUO FOR HIM HER | 10/24/2024 |
5 | 23andMe appoints three new board members after mass resignation | 10/29/2024 |
6 | 23andMe regains compliance with Nasdaq listing requirements | 10/30/2024 |
7 | 23andMe to Report Q2 FY2025 Financial Results | 11/07/2024 |
8 | 23andMe shares dip as Q2 loss widens despite revenue beat | 11/12/2024 |
9 | 23andMe Holding Co Q2 2024 Earnings Call Highlights Navigating Challenges with Strategic ... | 11/13/2024 |
10 | 23andMe and Mirador Therapeutics Enter Into Strategic Research Collaboration to Advance Miradors Precision Medicines for Immunology Inflammation | 11/20/2024 |
11 | Do Redditors Think That 23andMe Holding Co. Has a Big Upside Potential | 11/21/2024 |
About 23Andme Holding 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 23Andme or other stocks. Alpha measures the amount that position in 23Andme Holding 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 | 3.66 | 12.77 | 10.39 | 7.42 | Days Of Inventory On Hand | 28.34 | 22.67 | 37.83 | 20.91 |
23Andme Holding Upcoming Company Events
As portrayed in its financial statements, the presentation of 23Andme Holding's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, 23Andme Holding's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of 23Andme Holding's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of 23Andme Holding. Please utilize our Beneish M Score to check the likelihood of 23Andme Holding's management manipulating its earnings.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Build Portfolio with 23Andme Holding
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Check out 23Andme Holding Backtesting, 23Andme Holding Valuation, 23Andme Holding Correlation, 23Andme Holding Hype Analysis, 23Andme Holding Volatility, 23Andme Holding History and analyze 23Andme Holding Performance. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
23Andme Holding 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.