Evgo Inc Stock Alpha and Beta Analysis
| EVGO Stock | USD 6.51 0.04 0.62% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Evgo Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Evgo over a specified time horizon. Remember, high Evgo'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 Evgo's market risk premium analysis include:
Beta 0.19 | Alpha 0.98 | Risk 9.12 | Sharpe Ratio 0.11 | Expected Return 1.03 |
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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.
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Evgo Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Evgo market risk premium is the additional return an investor will receive from holding Evgo 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 Evgo. 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 Evgo's performance over market.| α | 0.98 | β | 0.19 |
Evgo 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 Evgo's Buy-and-hold return. Our buy-and-hold chart shows how Evgo performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Evgo Market Price Analysis
Market price analysis indicators help investors to evaluate how Evgo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evgo shares will generate the highest return on investment. By understating and applying Evgo stock market price indicators, traders can identify Evgo position entry and exit signals to maximize returns.
Evgo Return and Market Media
The median price of Evgo for the period between Mon, Sep 2, 2024 and Sun, Dec 1, 2024 is 5.98 with a coefficient of variation of 27.56. The daily time series for the period is distributed with a sample standard deviation of 1.63, arithmetic mean of 5.93, and mean deviation of 1.46. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | EVgo Stock Down 12 percent But Insiders Still In US266k Profit | 09/25/2024 |
2 | Disposition of 29857 shares by Francine Sullivan of Evgo at 2.086 subject to Rule 16b-3 | 09/27/2024 |
3 | Insider Trading | 10/01/2024 |
4 | Disposition of 25291 shares by Francine Sullivan of Evgo subject to Rule 16b-3 | 10/02/2024 |
5 | US offers EVgo conditional 1.05 billion loan for EV chargers | 10/03/2024 |
6 | Disposition of 41666 shares by Francine Sullivan of Evgo subject to Rule 16b-3 | 10/11/2024 |
7 | Disposition of 2042 shares by Seelig Jonathan of Evgo subject to Rule 16b-3 | 10/14/2024 |
8 | Plug Power, EVgo, Enovix Analyst Clean Tech Picks For Navigating Election Exposure, Hedging Uncertainty | 10/21/2024 |
9 | Acquisition by Paul Dobson of 56078 shares of Evgo subject to Rule 16b-3 | 10/22/2024 |
10 | EVgo Q3 Sales Surge 92 percent As Charging Revenues And Customer Growth Drive Performance Stock Jumps | 11/12/2024 |
11 | Disposition of 27268 shares by Badar Khan of Evgo subject to Rule 16b-3 | 11/13/2024 |
12 | Disposition of 38341 shares by Badar Khan of Evgo at 5.1356 subject to Rule 16b-3 | 11/14/2024 |
13 | The EVgo, Inc. Third-Quarter Results Are Out And Analysts Have Published New Forecasts | 11/15/2024 |
14 | The Price Is Right For EVgo, Inc. Even After Diving | 11/18/2024 |
15 | EVgo Expands Charging Network in Midwest with 1.05 Billion DOE Loan Guarantee | 11/19/2024 |
16 | Meijer to add nearly 500 electric charging stalls | 11/20/2024 |
17 | Why EVgo Stock Surged Over 25 percent This Week and Could Rally Even Higher | 11/22/2024 |
About Evgo 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 Evgo or other stocks. Alpha measures the amount that position in Evgo Inc 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 9.86 | 6.6 | 14.93 | 7.83 | Days Of Inventory On Hand | 80.37 | 30.01 | 27.01 | 18.62 |
Evgo Upcoming Company Events
As portrayed in its financial statements, the presentation of Evgo's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Evgo's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Evgo's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Evgo. Please utilize our Beneish M Score to check the likelihood of Evgo's management manipulating its earnings.
| 4th of April 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 4th of April 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Evgo Backtesting, Evgo Valuation, Evgo Correlation, Evgo Hype Analysis, Evgo Volatility, Evgo History and analyze Evgo Performance. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Evgo 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.