Smith Midland Corp Stock Alpha and Beta Analysis
| SMID Stock | USD 46.38 0.88 1.93% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Smith Midland Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Smith Midland over a specified time horizon. Remember, high Smith Midland'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 Smith Midland's market risk premium analysis include:
Beta 1.52 | Alpha 0.46 | Risk 4.17 | Sharpe Ratio 0.13 | Expected Return 0.55 |
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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.
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Smith Midland Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Smith Midland market risk premium is the additional return an investor will receive from holding Smith Midland 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 Smith Midland. 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 Smith Midland's performance over market.| α | 0.46 | β | 1.52 |
Smith Midland 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 Smith Midland's Buy-and-hold return. Our buy-and-hold chart shows how Smith Midland performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Smith Midland Market Price Analysis
Market price analysis indicators help investors to evaluate how Smith Midland stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Smith Midland shares will generate the highest return on investment. By understating and applying Smith Midland stock market price indicators, traders can identify Smith Midland position entry and exit signals to maximize returns.
Smith Midland Return and Market Media
The median price of Smith Midland for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 34.17 with a coefficient of variation of 9.4. The daily time series for the period is distributed with a sample standard deviation of 3.27, arithmetic mean of 34.76, and mean deviation of 2.37. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 4000 shares by Ashley Smith of Smith Midland at 4.85 subject to Rule 16b-3 | 09/09/2024 |
2 | Has Smith-Midland Corporations Impressive Stock Performance Got Anything to Do With Its Fundamentals - Yahoo Finance | 09/18/2024 |
3 | Acquisition by Smith Rodney I of 42000 shares of Smith Midland subject to Rule 16b-3 | 10/18/2024 |
4 | Smith-Midland Reports Third Quarter 2024 Financial Results | 11/14/2024 |
5 | Smith-Midland Co. Stock Position Raised by Thompson Davis CO. Inc. - MarketBeat | 11/20/2024 |
About Smith Midland 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 Smith or other stocks. Alpha measures the amount that position in Smith Midland Corp 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.
| 2023 | 2024 (projected) | Dividend Yield | 0.006619 | 0.0124 | Price To Sales Ratio | 3.49 | 3.66 |
Smith Midland Upcoming Company Events
As portrayed in its financial statements, the presentation of Smith Midland's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Smith Midland's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Smith Midland's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Smith Midland. Please utilize our Beneish M Score to check the likelihood of Smith Midland's management manipulating its earnings.
| 15th of April 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Align your risk with return expectations
Check out Smith Midland Backtesting, Smith Midland Valuation, Smith Midland Correlation, Smith Midland Hype Analysis, Smith Midland Volatility, Smith Midland History and analyze Smith Midland Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Smith Midland 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.