Sandstorm Gold Ltd Stock Alpha and Beta Analysis
| SSL Stock | CAD 8.18 0.07 0.86% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Sandstorm Gold Ltd. It also helps investors analyze the systematic and unsystematic risks associated with investing in Sandstorm Gold over a specified time horizon. Remember, high Sandstorm Gold'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 Sandstorm Gold's market risk premium analysis include:
Beta (0.18) | Alpha 0.15 | Risk 2.31 | Sharpe Ratio 0.0575 | Expected Return 0.13 |
Sandstorm Gold Quarterly Cash And Equivalents |
|
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.
Sandstorm |
Sandstorm Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Sandstorm Gold market risk premium is the additional return an investor will receive from holding Sandstorm Gold 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 Sandstorm Gold. 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 Sandstorm Gold's performance over market.| α | 0.15 | β | -0.18 |
Sandstorm Gold 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 Sandstorm Gold's Buy-and-hold return. Our buy-and-hold chart shows how Sandstorm Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Sandstorm Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how Sandstorm Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sandstorm Gold shares will generate the highest return on investment. By understating and applying Sandstorm Gold stock market price indicators, traders can identify Sandstorm Gold position entry and exit signals to maximize returns.
Sandstorm Gold Return and Market Media
The median price of Sandstorm Gold for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 8.11 with a coefficient of variation of 5.1. The daily time series for the period is distributed with a sample standard deviation of 0.41, arithmetic mean of 8.08, and mean deviation of 0.34. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Sandstorm Gold Announces New Quarterly Dividend - TipRanks | 09/25/2024 |
2 | Sandstorm Gold Offers Unique Growth Potential Amid Record Gold Prices - Seeking Alpha | 10/15/2024 |
3 | What To Expect From Sandstorm Gold Ltd Q3 2024 Earnings - Yahoo Finance | 11/07/2024 |
About Sandstorm Gold 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 Sandstorm or other stocks. Alpha measures the amount that position in Sandstorm Gold 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 | 0.0119 | 0.0138 | Price To Sales Ratio | 8.33 | 15.77 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sandstorm Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sandstorm Gold's short interest history, or implied volatility extrapolated from Sandstorm Gold options trading.
Build Portfolio with Sandstorm Gold
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 Sandstorm Gold Backtesting, Sandstorm Gold Valuation, Sandstorm Gold Correlation, Sandstorm Gold Hype Analysis, Sandstorm Gold Volatility, Sandstorm Gold History and analyze Sandstorm Gold Performance. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Sandstorm Gold 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.