Nanosonics (Australia) Alpha and Beta Analysis

NAN Stock   3.46  0.08  2.26%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nanosonics. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nanosonics over a specified time horizon. Remember, high Nanosonics' 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 Nanosonics' market risk premium analysis include:
Beta
(0.26)
Alpha
0.45
Risk
2.13
Sharpe Ratio
0.0424
Expected Return
0.0904
Please note that although Nanosonics alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Nanosonics did 0.45  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Nanosonics stock's relative risk over its benchmark. Nanosonics has a beta of 0.26  . As returns on the market increase, returns on owning Nanosonics are expected to decrease at a much lower rate. During the bear market, Nanosonics is likely to outperform the market. .

Nanosonics Quarterly Cash And Equivalents

1.84 Million

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.
  
Check out Nanosonics Backtesting, Nanosonics Valuation, Nanosonics Correlation, Nanosonics Hype Analysis, Nanosonics Volatility, Nanosonics History and analyze Nanosonics Performance.

Nanosonics Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nanosonics market risk premium is the additional return an investor will receive from holding Nanosonics 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 Nanosonics. 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 Nanosonics' performance over market.
α0.45   β-0.26

Nanosonics 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 Nanosonics' Buy-and-hold return. Our buy-and-hold chart shows how Nanosonics performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Nanosonics Market Price Analysis

Market price analysis indicators help investors to evaluate how Nanosonics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nanosonics shares will generate the highest return on investment. By understating and applying Nanosonics stock market price indicators, traders can identify Nanosonics position entry and exit signals to maximize returns.

Nanosonics Return and Market Media

The median price of Nanosonics for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 3.47 with a coefficient of variation of 6.35. The daily time series for the period is distributed with a sample standard deviation of 0.22, arithmetic mean of 3.43, and mean deviation of 0.17. The Stock received some media coverage during the period.
 Price Growth (%)  
       Timeline  
1
ASX 200 ends the day up on Monday by 0.81 per cent - MSN
09/27/2024
2
Nanosonics Limited Reports Strong AGM Results - TipRanks
11/11/2024

About Nanosonics 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 Nanosonics or other stocks. Alpha measures the amount that position in Nanosonics 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.
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 Nanosonics 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, Nanosonics' short interest history, or implied volatility extrapolated from Nanosonics options trading.

Build Portfolio with Nanosonics

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Additional Tools for Nanosonics Stock Analysis

When running Nanosonics' price analysis, check to measure Nanosonics' 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 Nanosonics is operating at the current time. Most of Nanosonics' value examination focuses on studying past and present price action to predict the probability of Nanosonics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanosonics' price. Additionally, you may evaluate how the addition of Nanosonics to your portfolios can decrease your overall portfolio volatility.