Howmet Aerospace Stock Alpha and Beta Analysis
| HWM Stock | USD 118.38 1.68 1.44% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Howmet Aerospace. It also helps investors analyze the systematic and unsystematic risks associated with investing in Howmet Aerospace over a specified time horizon. Remember, high Howmet Aerospace'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 Howmet Aerospace's market risk premium analysis include:
Beta 1.82 | Alpha 0.0899 | Risk 2.07 | Sharpe Ratio 0.19 | Expected Return 0.4 |
Howmet Aerospace Quarterly Cash And Equivalents |
|
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.
Howmet |
Howmet Aerospace Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Howmet Aerospace market risk premium is the additional return an investor will receive from holding Howmet Aerospace 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 Howmet Aerospace. 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 Howmet Aerospace's performance over market.| α | 0.09 | β | 1.82 |
Howmet Aerospace 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 Howmet Aerospace's Buy-and-hold return. Our buy-and-hold chart shows how Howmet Aerospace performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Howmet Aerospace Market Price Analysis
Market price analysis indicators help investors to evaluate how Howmet Aerospace stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Howmet Aerospace shares will generate the highest return on investment. By understating and applying Howmet Aerospace stock market price indicators, traders can identify Howmet Aerospace position entry and exit signals to maximize returns.
Howmet Aerospace Return and Market Media
The median price of Howmet Aerospace for the period between Mon, Sep 2, 2024 and Sun, Dec 1, 2024 is 101.96 with a coefficient of variation of 7.58. The daily time series for the period is distributed with a sample standard deviation of 7.84, arithmetic mean of 103.47, and mean deviation of 6.39. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Acquisition by Jody Miller of 650 shares of Howmet Aerospace at 48.95 subject to Rule 16b-3 | 09/27/2024 |
2 | Howmet Aerospace Soaring 97.6 percent YTD Amid Strong Financial Performance | 10/25/2024 |
3 | Howmet Aerospace Inc. Among the Best American Defense Stocks To Buy According to Hedge Funds | 11/05/2024 |
4 | Howmet Aerospace stock rises 3 percent on strong guidance as commercial aerospace revenue jumps | 11/06/2024 |
5 | Howmet Aerospace Third Quarter 2024 Earnings EPS Beats Expectations | 11/08/2024 |
6 | Sheets Smith Wealth Management Has 646,000 Stock Holdings in Howmet Aerospace Inc. | 11/11/2024 |
7 | Jim Cramers top 10 things to watch in the stock market Wednesday | 11/13/2024 |
8 | Wells Fargo Company Forecasts Strong Price Appreciation for Howmet Aerospace Stock | 11/14/2024 |
9 | CIBC Asset Management Inc Purchases 6,587 Shares of Howmet Aerospace Inc. | 11/18/2024 |
10 | Howmet Aerospace 3.75 percent Prfd declares 0.9375 dividend | 11/22/2024 |
| Howmet Aerospace dividend paid on 25th of November 2024 | 11/25/2024 |
12 | 6,015 Shares in Howmet Aerospace Inc. Acquired by DRW Securities LLC | 11/27/2024 |
About Howmet Aerospace 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 Howmet or other stocks. Alpha measures the amount that position in Howmet Aerospace 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) | Dividend Yield | 0.001388 | 0.002684 | 0.003273 | 0.003109 | Price To Sales Ratio | 2.75 | 2.9 | 3.36 | 3.53 |
Howmet Aerospace Upcoming Company Events
As portrayed in its financial statements, the presentation of Howmet Aerospace's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Howmet Aerospace's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Howmet Aerospace's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Howmet Aerospace. Please utilize our Beneish M Score to check the likelihood of Howmet Aerospace's management manipulating its earnings.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 13th 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 Howmet Aerospace
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
Check out Howmet Aerospace Backtesting, Howmet Aerospace Valuation, Howmet Aerospace Correlation, Howmet Aerospace Hype Analysis, Howmet Aerospace Volatility, Howmet Aerospace History and analyze Howmet Aerospace Performance. To learn how to invest in Howmet Stock, please use our How to Invest in Howmet Aerospace guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Howmet Aerospace 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.