Modivcare Stock Alpha and Beta Analysis
| MODV Stock | USD 18.79 0.85 4.74% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ModivCare. It also helps investors analyze the systematic and unsystematic risks associated with investing in ModivCare over a specified time horizon. Remember, high ModivCare'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 ModivCare's market risk premium analysis include:
Beta 0.22 | Alpha 0.0129 | Risk 9.24 | Sharpe Ratio (0.01) | Expected Return (0.11) |
Enterprise Value |
|
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.
ModivCare |
ModivCare Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ModivCare market risk premium is the additional return an investor will receive from holding ModivCare 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 ModivCare. 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 ModivCare's performance over market.| α | 0.01 | β | 0.22 |
ModivCare 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 ModivCare's Buy-and-hold return. Our buy-and-hold chart shows how ModivCare performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.ModivCare Market Price Analysis
Market price analysis indicators help investors to evaluate how ModivCare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ModivCare shares will generate the highest return on investment. By understating and applying ModivCare stock market price indicators, traders can identify ModivCare position entry and exit signals to maximize returns.
ModivCare Return and Market Media
The median price of ModivCare for the period between Mon, Sep 2, 2024 and Sun, Dec 1, 2024 is 16.18 with a coefficient of variation of 31.51. The daily time series for the period is distributed with a sample standard deviation of 5.58, arithmetic mean of 17.71, and mean deviation of 3.81. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Acquisition by Coliseum Capital Management, Llc of 96441 shares of ModivCare at 29.25 subject to Rule 16b-3 | 09/06/2024 |
2 | 2 Dead, 1 Critical In Providence Car Crash With Garbage Truck Reports | 10/31/2024 |
3 | The Providence Service earnings missed by 0.17, revenue fell short of estimates | 11/06/2024 |
4 | Major Crash In Upper Providence, Ridge Pike Reopens After Closure | 11/12/2024 |
5 | Providence hosts Delaware State after Smiths 22-point showing | 11/18/2024 |
6 | Smith leads Delaware State against Providence after 22-point outing | 11/19/2024 |
7 | Providence names new COO | 11/20/2024 |
8 | Acquisition by Q Global Capital Management, L.p. of 13412 shares of ModivCare at 16.49 subject to Rule 16b-3 | 11/21/2024 |
9 | ModivCare Inc Trading 3.41 percent Higher on Nov 22 | 11/22/2024 |
10 | NCAA Mens Div I Soccer Glance | 11/25/2024 |
11 | Modivcare sees 539,210 stock purchase by Q Global Capital | 11/26/2024 |
12 | Providence Friars take on the Oklahoma Sooners | 11/27/2024 |
About ModivCare 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 ModivCare or other stocks. Alpha measures the amount that position in ModivCare 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.
| 2020 | 2023 | 2024 (projected) | Dividend Yield | 0.0483 | 0.0555 | 0.0527 | Price To Sales Ratio | 1.37 | 0.23 | 0.22 |
ModivCare Upcoming Company Events
As portrayed in its financial statements, the presentation of ModivCare's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ModivCare's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ModivCare's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ModivCare. Please utilize our Beneish M Score to check the likelihood of ModivCare's management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with ModivCare
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 ModivCare Stock Analysis
When running ModivCare's price analysis, check to measure ModivCare'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 ModivCare is operating at the current time. Most of ModivCare's value examination focuses on studying past and present price action to predict the probability of ModivCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ModivCare's price. Additionally, you may evaluate how the addition of ModivCare to your portfolios can decrease your overall portfolio volatility.