Tenon Medical Stock Alpha and Beta Analysis
| TNON Stock | USD 2.29 0.05 2.14% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Tenon Medical. It also helps investors analyze the systematic and unsystematic risks associated with investing in Tenon Medical over a specified time horizon. Remember, high Tenon Medical'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 Tenon Medical's market risk premium analysis include:
Beta 0.59 | Alpha (0.19) | Risk 14.65 | Sharpe Ratio 0.0055 | Expected Return 0.0805 |
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.
Tenon |
Tenon Medical Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Tenon Medical market risk premium is the additional return an investor will receive from holding Tenon Medical 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 Tenon Medical. 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 Tenon Medical's performance over market.| α | -0.19 | β | 0.59 |
Tenon Medical 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 Tenon Medical's Buy-and-hold return. Our buy-and-hold chart shows how Tenon Medical performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Tenon Medical Market Price Analysis
Market price analysis indicators help investors to evaluate how Tenon Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tenon Medical shares will generate the highest return on investment. By understating and applying Tenon Medical stock market price indicators, traders can identify Tenon Medical position entry and exit signals to maximize returns.
Tenon Medical Return and Market Media
The median price of Tenon Medical for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 3.67 with a coefficient of variation of 26.78. The daily time series for the period is distributed with a sample standard deviation of 1.03, arithmetic mean of 3.87, and mean deviation of 0.72. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Discretionary transaction by Richard Ferrari of 13670 shares of Tenon Medical at 0.62 subject to Rule 16b-3 | 09/06/2024 |
2 | Tenon Medical Stock Is Up 180 percent Whats Going On | 09/13/2024 |
3 | Tenon Medical, Inc. Announces Closing of 4.5 Million Public Offering Priced At-The-Market Under Nasdaq Rules | 09/17/2024 |
4 | Tenon Medical to implement reverse stock split - MSN | 09/23/2024 |
5 | Insider Trading | 10/08/2024 |
6 | Tenon Medical Regains Full Compliance with Nasdaq Continued Listing Requirements | 10/28/2024 |
7 | Tenon Medical, Inc. Announces Timing of Third Quarter 2024 Financial Results | 10/30/2024 |
8 | Tenon Medical, Inc. Q3 2024 Earnings Call Transcript | 11/15/2024 |
About Tenon Medical 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 Tenon or other stocks. Alpha measures the amount that position in Tenon Medical 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 | 0.11 | 2.42 | 3.9 | 4.09 | Days Of Inventory On Hand | 1.3K | 113.72 | 119.86 | 113.87 |
Tenon Medical Upcoming Company Events
As portrayed in its financial statements, the presentation of Tenon Medical's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Tenon Medical's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Tenon Medical's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Tenon Medical. Please utilize our Beneish M Score to check the likelihood of Tenon Medical's management manipulating its earnings.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Build Portfolio with Tenon Medical
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 Tenon Medical Backtesting, Tenon Medical Valuation, Tenon Medical Correlation, Tenon Medical Hype Analysis, Tenon Medical Volatility, Tenon Medical History and analyze Tenon Medical Performance. To learn how to invest in Tenon Stock, please use our How to Invest in Tenon Medical guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Tenon Medical 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.