Everspin Technologies Stock Alpha and Beta Analysis
| MRAM Stock | USD 6.36 0.28 4.61% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Everspin Technologies. It also helps investors analyze the systematic and unsystematic risks associated with investing in Everspin Technologies over a specified time horizon. Remember, high Everspin Technologies' 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 Everspin Technologies' market risk premium analysis include:
Beta 1.48 | Alpha 0.0157 | Risk 2.79 | Sharpe Ratio 0.0695 | Expected Return 0.19 |
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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.
Everspin |
Everspin Technologies Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Everspin Technologies market risk premium is the additional return an investor will receive from holding Everspin Technologies 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 Everspin Technologies. 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 Everspin Technologies' performance over market.| α | 0.02 | β | 1.48 |
Everspin Technologies 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 Everspin Technologies' Buy-and-hold return. Our buy-and-hold chart shows how Everspin Technologies performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Everspin Technologies Market Price Analysis
Market price analysis indicators help investors to evaluate how Everspin Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Everspin Technologies shares will generate the highest return on investment. By understating and applying Everspin Technologies stock market price indicators, traders can identify Everspin Technologies position entry and exit signals to maximize returns.
Everspin Technologies Return and Market Media
The median price of Everspin Technologies for the period between Mon, Aug 26, 2024 and Sun, Nov 24, 2024 is 5.9 with a coefficient of variation of 6.26. The daily time series for the period is distributed with a sample standard deviation of 0.37, arithmetic mean of 5.89, and mean deviation of 0.29. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | When the Price of Talks, People Listen - Stock Traders Daily | 09/05/2024 |
2 | Disposition of 14062 shares by Sanjeev Aggarwal of Everspin Technologies at 2.56 subject to Rule 16b-3 | 09/13/2024 |
3 | Disposition of 2412 shares by David Schrenk of Everspin Technologies at 5.23 subject to Rule 16b-3 | 09/18/2024 |
4 | Disposition of 1706 shares by Matthew Tenorio of Everspin Technologies at 5.54 subject to Rule 16b-3 | 10/02/2024 |
5 | Shareholders Cant Ignore US1.3m Of Sales By Everspin Technologies Insiders | 10/10/2024 |
6 | Everspin Technologies Q3 2024 Earnings Preview | 10/29/2024 |
7 | Everspin Technologies GAAP EPS of 0.10 beats by 0.15, revenue of 12.1M beats by 0.1M | 10/30/2024 |
8 | Earnings call Everspin Technologies surpasses EPS expectations in Q3 | 10/31/2024 |
9 | Everspin Technologies Third Quarter 2024 Earnings EPS Beats Expectations | 11/01/2024 |
10 | Everspin Technologies Anemic Earnings Might Be Worse Than You Think | 11/06/2024 |
11 | Disposition of 7851 shares by Sanjeev Aggarwal of Everspin Technologies at 9.13 subject to Rule 16b-3 | 11/08/2024 |
12 | Acquisition by Finch Lawrence G of 2303 shares of Everspin Technologies subject to Rule 16b-3 | 11/12/2024 |
13 | StockNews.com Downgrades Everspin Technologies to Hold - MarketBeat | 11/21/2024 |
About Everspin Technologies 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 Everspin or other stocks. Alpha measures the amount that position in Everspin Technologies 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 | 12.43 | 9.37 | 9.09 | 10.37 | Days Of Inventory On Hand | 105.76 | 93.67 | 115.49 | 147.32 |
Everspin Technologies Upcoming Company Events
As portrayed in its financial statements, the presentation of Everspin Technologies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Everspin Technologies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Everspin Technologies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Everspin Technologies. Please utilize our Beneish M Score to check the likelihood of Everspin Technologies' management manipulating its earnings.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of March 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 Everspin Technologies Backtesting, Everspin Technologies Valuation, Everspin Technologies Correlation, Everspin Technologies Hype Analysis, Everspin Technologies Volatility, Everspin Technologies History and analyze Everspin Technologies Performance. To learn how to invest in Everspin Stock, please use our How to Invest in Everspin Technologies guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Everspin Technologies 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.