PNM Resources Alpha and Beta Analysis
| PNMDelisted Stock | USD 43.25 0.21 0.48% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as PNM Resources. It also helps investors analyze the systematic and unsystematic risks associated with investing in PNM Resources over a specified time horizon. Remember, high PNM Resources' 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 PNM Resources' market risk premium analysis include:
Beta (0.04) | Alpha 0.29 | Risk 0.79 | Sharpe Ratio 0.26 | Expected Return 0.2 |
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.
PNM |
PNM Resources Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. PNM Resources market risk premium is the additional return an investor will receive from holding PNM Resources 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 PNM Resources. 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 PNM Resources' performance over market.| α | 0.29 | β | -0.04 |
PNM Resources Fundamentals Vs Peers
Comparing PNM Resources' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze PNM Resources' direct or indirect competition across all of the common fundamentals between PNM Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as PNM Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of PNM Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing PNM Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare PNM Resources to competition |
| Fundamentals | PNM Resources | Peer Average |
| Return On Equity | 0.0413 | -0.31 |
| Return On Asset | 0.014 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.22 % | (5.51) % |
| Current Valuation | 9.11 B | 16.62 B |
| Shares Outstanding | 90.2 M | 571.82 M |
| Shares Owned By Insiders | 1.23 % | 10.09 % |
PNM Resources Opportunities
PNM Resources Return and Market Media
The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Should PNM Resources, Inc. Focus On Improving This Fundamental Metric | 07/15/2024 |
2 | Inspire Investing LLC Purchases 290 Shares of PNM Resources, Inc. - Defense World | 07/18/2024 |
3 | PNM Resources Transitions to TXNM Energy with Trading Effective on August 5 | 07/22/2024 |
4 | 07/30/2024 |
5 | PNM Resources Q2 Earnings Snapshot | 07/31/2024 |
6 | PNM Resources Second Quarter 2024 Earnings Revenues Beat Expectations, EPS Lags | 08/01/2024 |
| PNM Resources dividend paid on 9th of August 2024 | 08/09/2024 |
About PNM Resources 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 PNM or other delisted stocks. Alpha measures the amount that position in PNM Resources 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.
PNM Resources Upcoming Company Events
As portrayed in its financial statements, the presentation of PNM Resources' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, PNM Resources' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of PNM Resources' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of PNM Resources. Please utilize our Beneish M Score to check the likelihood of PNM Resources' management manipulating its earnings.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 3rd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of February 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 PNM Resources
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
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Consideration for investing in PNM Stock
If you are still planning to invest in PNM Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PNM Resources' history and understand the potential risks before investing.
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