Step Energy Services Stock Alpha and Beta Analysis
| STEP Stock | CAD 5.20 0.05 0.95% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as STEP Energy Services. It also helps investors analyze the systematic and unsystematic risks associated with investing in STEP Energy over a specified time horizon. Remember, high STEP Energy'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 STEP Energy's market risk premium analysis include:
Beta 0.61 | Alpha 0.63 | Risk 5.37 | Sharpe Ratio 0.12 | Expected Return 0.64 |
STEP Energy 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.
STEP |
STEP Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. STEP Energy market risk premium is the additional return an investor will receive from holding STEP Energy 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 STEP Energy. 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 STEP Energy's performance over market.| α | 0.63 | β | 0.61 |
STEP Energy 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 STEP Energy's Buy-and-hold return. Our buy-and-hold chart shows how STEP Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.STEP Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how STEP Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading STEP Energy shares will generate the highest return on investment. By understating and applying STEP Energy stock market price indicators, traders can identify STEP Energy position entry and exit signals to maximize returns.
STEP Energy Return and Market Media
The median price of STEP Energy for the period between Sat, Sep 14, 2024 and Fri, Dec 13, 2024 is 3.91 with a coefficient of variation of 16.24. The daily time series for the period is distributed with a sample standard deviation of 0.7, arithmetic mean of 4.32, and mean deviation of 0.68. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Step Energy shares target upgraded, retains market perform on go-private bid - Investing.com | 11/05/2024 |
2 | STEP Energy Services Ltd. Provides Earnings Guidance for the Fourth Quarter of 2024 - Marketscreener.com | 11/20/2024 |
3 | STEP Energy Services Ltd. Announces 2025 Capital Budget and Provides Fourth Quarter Update and First Quarter Outlook and Impact of Canada Post Service Disruptio... | 12/11/2024 |
About STEP Energy 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 STEP or other stocks. Alpha measures the amount that position in STEP Energy Services 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) | Days Sales Outstanding | 59.04 | 73.49 | 37.11 | 71.5 | PTB Ratio | 0.62 | 1.21 | 0.79 | 0.75 |
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 STEP Energy 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, STEP Energy's short interest history, or implied volatility extrapolated from STEP Energy options trading.
Build Portfolio with STEP Energy
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
Other Information on Investing in STEP Stock
STEP Energy financial ratios help investors to determine whether STEP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in STEP with respect to the benefits of owning STEP Energy security.