Incannex Healthcare Ltd Stock Alpha and Beta Analysis
| IXHL Stock | USD 1.78 0.04 2.20% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Incannex Healthcare Ltd. It also helps investors analyze the systematic and unsystematic risks associated with investing in Incannex Healthcare over a specified time horizon. Remember, high Incannex Healthcare'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 Incannex Healthcare's market risk premium analysis include:
Beta 0.89 | Alpha 0.0516 | Risk 5.74 | Sharpe Ratio 0.0362 | Expected Return 0.21 |
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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.
Incannex |
Incannex Healthcare Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Incannex Healthcare market risk premium is the additional return an investor will receive from holding Incannex Healthcare 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 Incannex Healthcare. 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 Incannex Healthcare's performance over market.| α | 0.05 | β | 0.89 |
Incannex Healthcare 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 Incannex Healthcare's Buy-and-hold return. Our buy-and-hold chart shows how Incannex Healthcare performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Incannex Healthcare Market Price Analysis
Market price analysis indicators help investors to evaluate how Incannex Healthcare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Incannex Healthcare shares will generate the highest return on investment. By understating and applying Incannex Healthcare stock market price indicators, traders can identify Incannex Healthcare position entry and exit signals to maximize returns.
Incannex Healthcare Return and Market Media
The median price of Incannex Healthcare for the period between Sun, Sep 1, 2024 and Sat, Nov 30, 2024 is 1.98 with a coefficient of variation of 17.48. The daily time series for the period is distributed with a sample standard deviation of 0.35, arithmetic mean of 2.0, and mean deviation of 0.28. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Incannex Healthcare Announces Strategic Financing for up to 60 Million with Arena Investors | 09/10/2024 |
2 | Stonegate Initiates Coverage on Incannex Healthcare Inc. | 10/02/2024 |
3 | Insider Trading | 10/21/2024 |
4 | Acquisition by Barbato Luigi M. of 100476 shares of Incannex Healthcare subject to Rule 16b-3 | 10/23/2024 |
5 | Incannex Healthcare files 150M mixed securities shelf | 11/06/2024 |
6 | Incannex Healthcare Reports Q3 Loss, Secures New Funding - TipRanks | 11/18/2024 |
About Incannex Healthcare 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 Incannex or other stocks. Alpha measures the amount that position in Incannex Healthcare 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.
| 2023 | 2024 (projected) | Payables Turnover | 0.005604 | 0.005324 | Days Of Inventory On Hand | 133.6 | 105.62 |
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 Incannex Healthcare 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, Incannex Healthcare's short interest history, or implied volatility extrapolated from Incannex Healthcare options trading.
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Check out Incannex Healthcare Backtesting, Incannex Healthcare Valuation, Incannex Healthcare Correlation, Incannex Healthcare Hype Analysis, Incannex Healthcare Volatility, Incannex Healthcare History and analyze Incannex Healthcare Performance. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Incannex Healthcare 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.