Elite Material (Taiwan) Alpha and Beta Analysis
| 2383 Stock | TWD 599.00 26.00 4.54% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Elite Material Co. It also helps investors analyze the systematic and unsystematic risks associated with investing in Elite Material over a specified time horizon. Remember, high Elite Material'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 Elite Material's market risk premium analysis include:
Beta (0.17) | Alpha 0.45 | Risk 2.49 | Sharpe Ratio 0.16 | Expected Return 0.41 |
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.
Elite |
Elite Material Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Elite Material market risk premium is the additional return an investor will receive from holding Elite Material 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 Elite Material. 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 Elite Material's performance over market.| α | 0.45 | β | -0.17 |
Elite Material 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 Elite Material's Buy-and-hold return. Our buy-and-hold chart shows how Elite Material performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Elite Material Market Price Analysis
Market price analysis indicators help investors to evaluate how Elite Material stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elite Material shares will generate the highest return on investment. By understating and applying Elite Material stock market price indicators, traders can identify Elite Material position entry and exit signals to maximize returns.
Elite Material Return and Market Media
The median price of Elite Material for the period between Sun, Sep 15, 2024 and Sat, Dec 14, 2024 is 444.0 with a coefficient of variation of 9.35. The daily time series for the period is distributed with a sample standard deviation of 42.93, arithmetic mean of 458.91, and mean deviation of 32.26. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
| Timeline |
About Elite Material 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 Elite or other stocks. Alpha measures the amount that position in Elite Material 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.
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 Elite Material 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, Elite Material's short interest history, or implied volatility extrapolated from Elite Material options trading.
Build Portfolio with Elite Material
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
Additional Tools for Elite Stock Analysis
When running Elite Material's price analysis, check to measure Elite Material'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 Elite Material is operating at the current time. Most of Elite Material's value examination focuses on studying past and present price action to predict the probability of Elite Material's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Material's price. Additionally, you may evaluate how the addition of Elite Material to your portfolios can decrease your overall portfolio volatility.