Opera Stock Alpha and Beta Analysis
| OPRA Stock | USD 20.01 0.42 2.14% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Opera. It also helps investors analyze the systematic and unsystematic risks associated with investing in Opera over a specified time horizon. Remember, high Opera'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 Opera's market risk premium analysis include:
Beta 0.76 | Alpha 0.41 | Risk 2.53 | Sharpe Ratio 0.21 | Expected Return 0.54 |
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.
Opera |
Opera Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Opera market risk premium is the additional return an investor will receive from holding Opera 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 Opera. 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 Opera's performance over market.| α | 0.41 | β | 0.76 |
Opera 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 Opera's Buy-and-hold return. Our buy-and-hold chart shows how Opera performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Opera Market Price Analysis
Market price analysis indicators help investors to evaluate how Opera stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Opera shares will generate the highest return on investment. By understating and applying Opera stock market price indicators, traders can identify Opera position entry and exit signals to maximize returns.
Opera Return and Market Media
The median price of Opera for the period between Mon, Sep 2, 2024 and Sun, Dec 1, 2024 is 15.4 with a coefficient of variation of 11.97. The daily time series for the period is distributed with a sample standard deviation of 1.95, arithmetic mean of 16.27, and mean deviation of 1.73. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Operas Aria AI Now Available to All Users Should You Buy the Stock | 09/27/2024 |
2 | Opera Limited Rallies 16 percent Year to Date Should You Buy the Stock | 10/15/2024 |
3 | Opera Limited Sponsored ADR is a Great Momentum Stock Should You Buy | 10/21/2024 |
4 | Opera Ltd Trading 12.71 percent Higher on Oct 29 | 10/29/2024 |
5 | Opera Price Target Raised to 23.00 | 10/30/2024 |
6 | Opera Limited Q3 2024 Earnings Call Transcript | 10/31/2024 |
7 | This Technology Stock Has Shot Up 47 percent in Just 3 Months, and It Remains an Incredible Buy Even Now | 11/06/2024 |
8 | Opera Ltd Stock Price Up 3.01 percent on Nov 19 | 11/19/2024 |
9 | Opera Ltd Shares Up 3.01 percent on Nov 22 | 11/22/2024 |
10 | Opera Ltd Trading 3.01 percent Higher on Nov 29 | 11/29/2024 |
About Opera 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 Opera or other stocks. Alpha measures the amount that position in Opera 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) | Dividend Yield | 0.0176 | 0.0157 | Price To Sales Ratio | 2.98 | 2.83 |
Opera Upcoming Company Events
As portrayed in its financial statements, the presentation of Opera's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Opera's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Opera's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Opera. Please utilize our Beneish M Score to check the likelihood of Opera's management manipulating its earnings.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th 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 Opera
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 Opera Backtesting, Opera Valuation, Opera Correlation, Opera Hype Analysis, Opera Volatility, Opera History and analyze Opera Performance. For information on how to trade Opera Stock refer to our How to Trade Opera Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Opera 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.