Novabay Pharmaceuticals Stock Alpha and Beta Analysis
| NBY Stock | USD 0.68 0.04 5.56% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NovaBay Pharmaceuticals. It also helps investors analyze the systematic and unsystematic risks associated with investing in NovaBay Pharmaceuticals over a specified time horizon. Remember, high NovaBay Pharmaceuticals' 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 NovaBay Pharmaceuticals' market risk premium analysis include:
Beta (0.45) | Alpha 0.74 | Risk 7.53 | Sharpe Ratio 0.086 | Expected Return 0.65 |
NovaBay Pharmaceuticals Quarterly Cash And Equivalents |
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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.
NovaBay |
NovaBay Pharmaceuticals Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NovaBay Pharmaceuticals market risk premium is the additional return an investor will receive from holding NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals. 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 NovaBay Pharmaceuticals' performance over market.| α | 0.74 | β | -0.45 |
NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals' Buy-and-hold return. Our buy-and-hold chart shows how NovaBay Pharmaceuticals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.NovaBay Pharmaceuticals Market Price Analysis
Market price analysis indicators help investors to evaluate how NovaBay Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NovaBay Pharmaceuticals shares will generate the highest return on investment. By understating and applying NovaBay Pharmaceuticals stock market price indicators, traders can identify NovaBay Pharmaceuticals position entry and exit signals to maximize returns.
NovaBay Pharmaceuticals Return and Market Media
The median price of NovaBay Pharmaceuticals for the period between Sun, Aug 25, 2024 and Sat, Nov 23, 2024 is 0.65 with a coefficient of variation of 16.43. The daily time series for the period is distributed with a sample standard deviation of 0.1, arithmetic mean of 0.62, and mean deviation of 0.09. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Eyenovia Announces Appointment of Experienced Finance and Accounting Executive Andrew Jones as Chief Financial Officer | 09/03/2024 |
2 | NovaBay Pharmaceuticals Signs Definitive Agreement to Sell its Avenova Assets | 09/20/2024 |
3 | Contrasting Roche NovaBay Pharmaceuticals | 10/17/2024 |
4 | Verve Therapeutics Reports Q3 Loss, Tops Revenue Estimates | 11/05/2024 |
5 | NovaBay GAAP EPS of -0.60 misses by 0.30, revenue of 2.44M misses by 0.19M | 11/08/2024 |
6 | NovaBay Pharmaceuticals to Reconvene Special Meeting of Stockholders on December 18, 2024 | 11/22/2024 |
About NovaBay Pharmaceuticals 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 NovaBay or other stocks. Alpha measures the amount that position in NovaBay Pharmaceuticals 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 | 72.3 | 50.0 | 18.81 | 17.87 | PTB Ratio | 1.43 | 0.19 | 0.26 | 0.25 |
NovaBay Pharmaceuticals Upcoming Company Events
As portrayed in its financial statements, the presentation of NovaBay Pharmaceuticals' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NovaBay Pharmaceuticals' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NovaBay Pharmaceuticals' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NovaBay Pharmaceuticals. Please utilize our Beneish M Score to check the likelihood of NovaBay Pharmaceuticals' management manipulating its earnings.
| 4th of April 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 4th of April 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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Additional Tools for NovaBay Stock Analysis
When running NovaBay Pharmaceuticals' price analysis, check to measure NovaBay Pharmaceuticals' 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 NovaBay Pharmaceuticals is operating at the current time. Most of NovaBay Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of NovaBay Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaBay Pharmaceuticals' price. Additionally, you may evaluate how the addition of NovaBay Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.