Worksport Stock Alpha and Beta Analysis
| WKSP Stock | USD 0.66 0.08 13.79% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Worksport. It also helps investors analyze the systematic and unsystematic risks associated with investing in Worksport over a specified time horizon. Remember, high Worksport'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 Worksport's market risk premium analysis include:
Beta 1.21 | Alpha (0.07) | Risk 7.44 | Sharpe Ratio 0.0211 | Expected Return 0.16 |
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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.
Worksport |
Worksport Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Worksport market risk premium is the additional return an investor will receive from holding Worksport 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 Worksport. 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 Worksport's performance over market.| α | -0.07 | β | 1.21 |
Worksport 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 Worksport's Buy-and-hold return. Our buy-and-hold chart shows how Worksport performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Worksport Market Price Analysis
Market price analysis indicators help investors to evaluate how Worksport stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Worksport shares will generate the highest return on investment. By understating and applying Worksport stock market price indicators, traders can identify Worksport position entry and exit signals to maximize returns.
Worksport Return and Market Media
The median price of Worksport for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 0.57 with a coefficient of variation of 21.31. The daily time series for the period is distributed with a sample standard deviation of 0.13, arithmetic mean of 0.59, and mean deviation of 0.11. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Worksport Announces Successful Level 1 Tesla Charging with COR Battery Generator | 09/11/2024 |
2 | EXCLUSIVE Worksport Expands Sales to Federal Agencies, Eyes Growth with Clean-Tech Products | 10/03/2024 |
3 | Worksport Ltd Q2 2024 Earnings Call Highlights Record Revenue Surge and Strategic ... | 10/09/2024 |
4 | Worksport Ltd. Holds Fireside Chat with Fox Business Network Market Analyst Kenny Polcari | 10/16/2024 |
5 | EXCLUSIVE Worksport Targets 2M in Savings With Strategic Cuts, Set to Launch New Clean-Tech Products in 2025 | 10/17/2024 |
6 | Worksport ltd. Announces Production of AL4 Premium Tonneau Cover, Signaling Major Growth Potential | 10/23/2024 |
7 | EXCLUSIVE Worksport Accelerates B2B Growth as Dealers Snap Up New AL4 Pre-Orders | 10/29/2024 |
8 | Worksport Ltd. Announces Q3 2024 Earnings Conference Call on November 13th | 11/07/2024 |
9 | EXCLUSIVE Worksports Q3 Revenue Soars 581 percent As New Product Lines Boost Growth, Raises 2025 Outlook | 11/13/2024 |
10 | Armistice Capital, LLC Increases Stake in Worksport Ltd | 11/15/2024 |
11 | Acquisition by Steven Rossi of 33333 shares of Worksport at 0.75 subject to Rule 16b-3 | 11/19/2024 |
12 | Worksport CEO Steven Rossi buys 24,999 in company stock | 11/21/2024 |
About Worksport 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 Worksport or other stocks. Alpha measures the amount that position in Worksport 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.
| 2022 | 2023 | 2024 (projected) | Payables Turnover | 0.0281 | 0.89 | 0.84 | Days Of Inventory On Hand | 8.6K | 1.0K | 937.74 |
Worksport Upcoming Company Events
As portrayed in its financial statements, the presentation of Worksport's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Worksport's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Worksport's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Worksport. Please utilize our Beneish M Score to check the likelihood of Worksport's management manipulating its earnings.
| 29th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Additional Tools for Worksport Stock Analysis
When running Worksport's price analysis, check to measure Worksport'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 Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.