North American Construction Stock Alpha and Beta Analysis
| NOA Stock | CAD 25.95 0.01 0.04% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as North American Construction. It also helps investors analyze the systematic and unsystematic risks associated with investing in North American over a specified time horizon. Remember, high North American'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 North American's market risk premium analysis include:
Beta 0.13 | Alpha (0.08) | Risk 1.7 | Sharpe Ratio (0.09) | Expected Return (0.15) |
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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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North American Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. North American market risk premium is the additional return an investor will receive from holding North American 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 North American. 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 North American's performance over market.| α | -0.08 | β | 0.13 |
North American 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 North American's Buy-and-hold return. Our buy-and-hold chart shows how North American performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.North American Market Price Analysis
Market price analysis indicators help investors to evaluate how North American stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading North American shares will generate the highest return on investment. By understating and applying North American stock market price indicators, traders can identify North American position entry and exit signals to maximize returns.
North American Return and Market Media
The median price of North American for the period between Fri, Nov 29, 2024 and Thu, Feb 27, 2025 is 29.14 with a coefficient of variation of 5.35. The daily time series for the period is distributed with a sample standard deviation of 1.54, arithmetic mean of 28.71, and mean deviation of 1.32. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | North American Construction Group Stock Price Crosses Above 200 Day Moving Average - Whats Next - MarketBeat | 12/20/2024 |
2 | North American Construction Group Stock Passes Above 200-Day Moving Average - Time to Sell - MarketBeat | 01/16/2025 |
3 | North American Construction Group Ltd. Announces Early Redemption of 5.5 percent Debentures Due June 30, 2028 - GlobeNewswire | 01/29/2025 |
4 | CIBC Asset Management Inc Reduces Stock Position in North American Construction Group Ltd. - MarketBeat | 02/20/2025 |
About North American 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 North or other stocks. Alpha measures the amount that position in North American Const 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.
| 2022 | 2024 | 2025 (projected) | Dividend Yield | 0.0126 | 0.0157 | 0.0151 | Price To Sales Ratio | 0.8 | 0.88 | 0.83 |
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 North American 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, North American's short interest history, or implied volatility extrapolated from North American options trading.
Build Portfolio with North American
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 North American Backtesting, North American Valuation, North American Correlation, North American Hype Analysis, North American Volatility, North American History and analyze North American Performance. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
North American 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.