IRay Technology (China) Alpha and Beta Analysis
| 688301 Stock | 102.42 0.08 0.08% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as iRay Technology Co. It also helps investors analyze the systematic and unsystematic risks associated with investing in IRay Technology over a specified time horizon. Remember, high IRay Technology'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 IRay Technology's market risk premium analysis include:
Beta (0.71) | Alpha 0.26 | Risk 5.2 | Sharpe Ratio 0.0757 | Expected Return 0.39 |
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.
IRay |
IRay Technology Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. IRay Technology market risk premium is the additional return an investor will receive from holding IRay Technology 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 IRay Technology. 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 IRay Technology's performance over market.| α | 0.26 | β | -0.71 |
IRay Technology 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 IRay Technology's Buy-and-hold return. Our buy-and-hold chart shows how IRay Technology performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.IRay Technology Market Price Analysis
Market price analysis indicators help investors to evaluate how IRay Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IRay Technology shares will generate the highest return on investment. By understating and applying IRay Technology stock market price indicators, traders can identify IRay Technology position entry and exit signals to maximize returns.
IRay Technology Return and Market Media
The median price of IRay Technology for the period between Fri, Sep 20, 2024 and Thu, Dec 19, 2024 is 112.93 with a coefficient of variation of 12.81. The daily time series for the period is distributed with a sample standard deviation of 14.31, arithmetic mean of 111.66, and mean deviation of 10.45. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | iRay Technology Might Be Having Difficulty Using Its Capital Effectively - Simply Wall St | 09/26/2024 |
About IRay Technology 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 IRay or other stocks. Alpha measures the amount that position in iRay Technology 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 IRay Technology 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, IRay Technology's short interest history, or implied volatility extrapolated from IRay Technology options trading.
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Other Information on Investing in IRay Stock
IRay Technology financial ratios help investors to determine whether IRay Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IRay with respect to the benefits of owning IRay Technology security.