Zynex Inc Stock Alpha and Beta Analysis
| ZYXI Stock | USD 8.34 0.08 0.97% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Zynex Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Zynex over a specified time horizon. Remember, high Zynex'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 Zynex's market risk premium analysis include:
Beta 2.04 | Alpha (0.11) | Risk 3.03 | Sharpe Ratio 0.0306 | Expected Return 0.0928 |
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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.
Zynex |
Zynex Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Zynex market risk premium is the additional return an investor will receive from holding Zynex 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 Zynex. 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 Zynex's performance over market.| α | -0.11 | β | 2.04 |
Zynex 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 Zynex's Buy-and-hold return. Our buy-and-hold chart shows how Zynex performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Zynex Market Price Analysis
Market price analysis indicators help investors to evaluate how Zynex stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zynex shares will generate the highest return on investment. By understating and applying Zynex stock market price indicators, traders can identify Zynex position entry and exit signals to maximize returns.
Zynex Return and Market Media
The median price of Zynex for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 8.03 with a coefficient of variation of 5.03. The daily time series for the period is distributed with a sample standard deviation of 0.41, arithmetic mean of 8.16, and mean deviation of 0.32. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 5250 shares by Daniel Moorhead of Zynex at 7.89 subject to Rule 16b-3 | 09/05/2024 |
2 | Acquisition by Daniel Moorhead of 5000 shares of Zynex subject to Rule 16b-3 | 09/06/2024 |
3 | Disposition of 185 shares by Anna Lucsok of Zynex at 8.41 subject to Rule 16b-3 | 09/09/2024 |
4 | Disposition of 15000 shares by Daniel Moorhead of Zynex at 8.24 subject to Rule 16b-3 | 09/13/2024 |
5 | Zynex Releases Q4 Earnings Guidance | 10/24/2024 |
6 | Disposition of 2323 shares by Anna Lucsok of Zynex at 9.12 subject to Rule 16b-3 | 10/25/2024 |
7 | Acquisition by Anna Lucsok of 2764 shares of Zynex subject to Rule 16b-3 | 10/29/2024 |
8 | Disposition of 2000 shares by Thomas Sandgaard of Zynex at 8.92 subject to Rule 16b-3 | 10/30/2024 |
9 | Disposition of 2000 shares by Thomas Sandgaard of Zynex at 8.82 subject to Rule 16b-3 | 10/31/2024 |
10 | Zynex CEO Thomas Sandgaard sells 52,740 in stock | 11/01/2024 |
11 | Insider Selling Zynex, Inc. CEO Sells 2,000 Shares of Stock | 11/04/2024 |
12 | Insider Sale CFO Daniel Moorhead Sells 10,000 Shares of Zynex Inc | 11/05/2024 |
13 | Zynex CEO Thomas Sandgaard sells shares worth 51,080 | 11/07/2024 |
14 | Disposition of 2000 shares by Thomas Sandgaard of Zynex at 9.09 subject to Rule 16b-3 | 11/11/2024 |
15 | Zynexs Returns On Capital Not Reflecting Well On The Business | 11/12/2024 |
16 | Disposition of 2000 shares by Thomas Sandgaard of Zynex at 8.09 subject to Rule 16b-3 | 11/14/2024 |
17 | Zynex, Inc. CEO Sells 18,180.00 in Stock | 11/15/2024 |
18 | Disposition of 2000 shares by Thomas Sandgaard of Zynex at 8.67 subject to Rule 16b-3 | 11/21/2024 |
About Zynex 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 Zynex or other stocks. Alpha measures the amount that position in Zynex Inc 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) | Dividend Yield | 0.006752 | 8.0E-6 | 7.0E-6 | Price To Sales Ratio | 3.38 | 2.1 | 2.0 |
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 Zynex 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, Zynex's short interest history, or implied volatility extrapolated from Zynex options trading.
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Check out Zynex Backtesting, Zynex Valuation, Zynex Correlation, Zynex Hype Analysis, Zynex Volatility, Zynex History and analyze Zynex Performance. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Zynex 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.