Performant Financial Stock Alpha and Beta Analysis
| PFMT Stock | USD 3.17 0.09 2.92% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Performant Financial. It also helps investors analyze the systematic and unsystematic risks associated with investing in Performant Financial over a specified time horizon. Remember, high Performant Financial'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 Performant Financial's market risk premium analysis include:
Beta 1.61 | Alpha (0.32) | Risk 3.12 | Sharpe Ratio (0.05) | Expected Return (0.15) |
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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.
Performant |
Performant Financial Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Performant Financial market risk premium is the additional return an investor will receive from holding Performant Financial 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 Performant Financial. 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 Performant Financial's performance over market.| α | -0.32 | β | 1.61 |
Performant Financial 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 Performant Financial's Buy-and-hold return. Our buy-and-hold chart shows how Performant Financial performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Performant Financial Market Price Analysis
Market price analysis indicators help investors to evaluate how Performant Financial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Performant Financial shares will generate the highest return on investment. By understating and applying Performant Financial stock market price indicators, traders can identify Performant Financial position entry and exit signals to maximize returns.
Performant Financial Return and Market Media
The median price of Performant Financial for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 3.7 with a coefficient of variation of 7.42. The daily time series for the period is distributed with a sample standard deviation of 0.27, arithmetic mean of 3.64, and mean deviation of 0.22. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Performant Financial delivers shareholders splendid 26 percent CAGR over 5 years, surging 13 percent in the last week alone | 09/11/2024 |
2 | Axena Healths Leva System in Clinical Trial to Compare First-Line Treatments for Postpartum Urinary Incontinence | 09/24/2024 |
3 | With 54 percent ownership, Performant Financial Corporation boasts of strong institutional backing | 10/04/2024 |
4 | Performant Financial Corporation to Report Third Quarter 2024 Earnings on November 6, 2024 | 10/23/2024 |
5 | Acquisition by Agrawal Shantanu of 33670 shares of Performant Financial subject to Rule 16b-3 | 11/01/2024 |
6 | What To Expect From Performant Financial Corp Q3 2024 Earnings | 11/05/2024 |
7 | Performant Financial Q3 Earnings Snapshot | 11/06/2024 |
8 | Performant Financial Corp Q3 2024 Earnings Call Highlights Navigating Growth and ... | 11/07/2024 |
9 | Performant Financial Third Quarter 2024 Earnings In Line With Expectations | 11/08/2024 |
10 | Significant Acquisition by First Light Asset Management in Performant Financial Corp | 11/15/2024 |
About Performant Financial 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 Performant or other stocks. Alpha measures the amount that position in Performant Financial 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 | 111.84 | 91.98 | 164.88 | 173.13 | Days Of Inventory On Hand | 6.4 | 0.25 | 0.29 | 0.28 |
Performant Financial Upcoming Company Events
As portrayed in its financial statements, the presentation of Performant Financial's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Performant Financial's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Performant Financial's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Performant Financial. Please utilize our Beneish M Score to check the likelihood of Performant Financial's management manipulating its earnings.
| 12th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Additional Tools for Performant Stock Analysis
When running Performant Financial's price analysis, check to measure Performant Financial's 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 Performant Financial is operating at the current time. Most of Performant Financial's value examination focuses on studying past and present price action to predict the probability of Performant Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performant Financial's price. Additionally, you may evaluate how the addition of Performant Financial to your portfolios can decrease your overall portfolio volatility.