Oric Pharmaceuticals Stock Alpha and Beta Analysis
| ORIC Stock | USD 9.80 0.07 0.71% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Oric Pharmaceuticals. It also helps investors analyze the systematic and unsystematic risks associated with investing in Oric Pharmaceuticals over a specified time horizon. Remember, high Oric 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 Oric Pharmaceuticals' market risk premium analysis include:
Beta 1.9 | Alpha (0.12) | Risk 3.86 | Sharpe Ratio 0.0029 | Expected Return 0.0112 |
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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.
Oric |
Oric Pharmaceuticals Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Oric Pharmaceuticals market risk premium is the additional return an investor will receive from holding Oric 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 Oric 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 Oric Pharmaceuticals' performance over market.| α | -0.12 | β | 1.90 |
Oric 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 Oric Pharmaceuticals' Buy-and-hold return. Our buy-and-hold chart shows how Oric Pharmaceuticals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Oric Pharmaceuticals Market Price Analysis
Market price analysis indicators help investors to evaluate how Oric 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 Oric Pharmaceuticals shares will generate the highest return on investment. By understating and applying Oric Pharmaceuticals stock market price indicators, traders can identify Oric Pharmaceuticals position entry and exit signals to maximize returns.
Oric Pharmaceuticals Return and Market Media
The median price of Oric Pharmaceuticals for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 9.65 with a coefficient of variation of 6.83. The daily time series for the period is distributed with a sample standard deviation of 0.66, arithmetic mean of 9.67, and mean deviation of 0.52. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Richard Heyman of 53700 shares of Oric Pharmaceuticals subject to Rule 16b-3 | 09/06/2024 |
2 | OpenBench and ORIC Pharmaceuticals Launch Success-Driven Discovery Collaboration | 09/17/2024 |
3 | Disposition of 2089 shares by Multani Pratik S of Oric Pharmaceuticals at 3.25 subject to Rule 16b-3 | 09/19/2024 |
4 | ORIC Pharmaceuticals Reports Inducement Grants under Nasdaq Listing Rule 5635 | 10/04/2024 |
5 | ORIC Pharmaceuticals Trading Up 4.5 percent Heres Why | 10/14/2024 |
6 | Candid Therapeutics Appoints Highly Accomplished Industry Leaders Angie You, Ph.D. and Dan Puckett to its Board of Directors | 10/16/2024 |
7 | Acquisition by Chacko Jacob of 510000 shares of Oric Pharmaceuticals at 9.14 subject to Rule 16b-3 | 11/01/2024 |
8 | ORIC - Oric Pharmaceuticals, Inc. Latest Stock News Market Updates - StockTitan | 11/06/2024 |
9 | ORIC Pharmaceuticals Outperform Rating Reaffirmed at Wedbush | 11/13/2024 |
10 | ORIC Pharmaceuticals to Participate in Upcoming Investor Confer | 11/25/2024 |
About Oric 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 Oric or other stocks. Alpha measures the amount that position in Oric 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) | Current Ratio | 15.87 | 13.68 | 10.39 | 18.35 | Net Debt To EBITDA | 2.87 | 0.7 | 0.12 | 0.11 |
Oric Pharmaceuticals Upcoming Company Events
As portrayed in its financial statements, the presentation of Oric Pharmaceuticals' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Oric Pharmaceuticals' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Oric Pharmaceuticals' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Oric Pharmaceuticals. Please utilize our Beneish M Score to check the likelihood of Oric Pharmaceuticals' management manipulating its earnings.
| 21st of March 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Oric Pharmaceuticals
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Check out Oric Pharmaceuticals Backtesting, Oric Pharmaceuticals Valuation, Oric Pharmaceuticals Correlation, Oric Pharmaceuticals Hype Analysis, Oric Pharmaceuticals Volatility, Oric Pharmaceuticals History and analyze Oric Pharmaceuticals Performance. For information on how to trade Oric Stock refer to our How to Trade Oric Stock 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.
Oric Pharmaceuticals 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.