Assure Holdings Corp Alpha and Beta Analysis

IONMDelisted Stock  USD 0.68  0.08  13.33%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Assure Holdings Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Assure Holdings over a specified time horizon. Remember, high Assure Holdings' 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 Assure Holdings' market risk premium analysis include:
Beta
7.01
Alpha
(2.86)
Risk
0.0
Sharpe Ratio
0.0
Expected Return
0.0
Please note that although Assure Holdings alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Assure Holdings did 2.86  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Assure Holdings Corp stock's relative risk over its benchmark. Assure Holdings Corp has a beta of 7.01  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Assure Holdings will likely underperform. .
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.
  
Check out Risk vs Return Analysis 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.

Assure Holdings Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Assure Holdings market risk premium is the additional return an investor will receive from holding Assure Holdings 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 Assure Holdings. 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 Assure Holdings' performance over market.
α-2.86   β7.01

Assure Holdings Fundamentals Vs Peers

Comparing Assure Holdings' 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 Assure Holdings' direct or indirect competition across all of the common fundamentals between Assure Holdings and the related equities. This way, we can detect undervalued stocks with similar characteristics as Assure Holdings or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Assure Holdings' fundamental indicators could also be used in its relative valuation, which is a method of valuing Assure Holdings by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Assure Holdings to competition
FundamentalsAssure HoldingsPeer Average
Return On Equity-3.43-0.31
Return On Asset-1.01-0.14
Operating Margin(486.33) %(5.51) %
Current Valuation15.58 M16.62 B
Shares Outstanding589.02 K571.82 M
Shares Owned By Insiders23.73 %10.09 %
Shares Owned By Institutions2.13 %39.21 %

Assure Holdings Opportunities

Assure Holdings Return and Market Media

The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Assure Danam Reschedule Corporate Update Call Webcast
05/17/2024
2
Disposition of 10000 shares by John Price of Assure Holdings at 7.65 subject to Rule 16b-3
06/18/2024

About Assure Holdings 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 Assure or other delisted stocks. Alpha measures the amount that position in Assure Holdings 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.

Assure Holdings Upcoming Company Events

As portrayed in its financial statements, the presentation of Assure Holdings' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Assure Holdings' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Assure Holdings' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Assure Holdings. Please utilize our Beneish M Score to check the likelihood of Assure Holdings' management manipulating its earnings.
1st of April 2024
Upcoming Quarterly Report
View
31st of December 2023
Next Fiscal Quarter End
View

Build Portfolio with Assure Holdings

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

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out Risk vs Return Analysis 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Other Consideration for investing in Assure Stock

If you are still planning to invest in Assure Holdings Corp 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 Assure Holdings' history and understand the potential risks before investing.
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