Coda Octopus Group Stock Alpha and Beta Analysis
| CODA Stock | USD 9.16 0.30 3.17% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Coda Octopus Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Coda Octopus over a specified time horizon. Remember, high Coda Octopus' 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 Coda Octopus' market risk premium analysis include:
Beta 0.27 | Alpha 0.41 | Risk 2.76 | Sharpe Ratio 0.16 | Expected Return 0.44 |
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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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Coda Octopus Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Coda Octopus market risk premium is the additional return an investor will receive from holding Coda Octopus 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 Coda Octopus. 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 Coda Octopus' performance over market.| α | 0.41 | β | 0.27 |
Coda Octopus 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 Coda Octopus' Buy-and-hold return. Our buy-and-hold chart shows how Coda Octopus performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Coda Octopus Market Price Analysis
Market price analysis indicators help investors to evaluate how Coda Octopus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coda Octopus shares will generate the highest return on investment. By understating and applying Coda Octopus stock market price indicators, traders can identify Coda Octopus position entry and exit signals to maximize returns.
Coda Octopus Return and Market Media
The median price of Coda Octopus for the period between Wed, Sep 4, 2024 and Tue, Dec 3, 2024 is 8.27 with a coefficient of variation of 10.01. The daily time series for the period is distributed with a sample standard deviation of 0.81, arithmetic mean of 8.08, and mean deviation of 0.72. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Coda Octopus Group Inc Q3 2024 Earnings Report Preview What To Look For | 09/13/2024 |
2 | Coda Octopus Group Releases Quarterly Earnings Results, Beats Expectations By 0.01 EPS | 09/17/2024 |
3 | Coda Octopus Group Third Quarter 2024 Earnings Beats Expectations | 09/18/2024 |
4 | Acquisition by Hamilton Michael J. of 2508 shares of Coda Octopus subject to Rule 16b-3 | 09/20/2024 |
5 | Disposition of 12317 shares by Emerson John Steven of Coda Octopus at 15.2307 subject to Rule 16b-3 | 09/27/2024 |
6 | Coda Octopus Group, Inc. Sees Large Decline in Short Interest | 10/17/2024 |
7 | Acquisition by Van Vlissingen Fh Fentener Drs. of 7324 shares of Coda Octopus at 3.35 subject to Rule 16b-3 | 10/18/2024 |
8 | Investors Could Be Concerned With Coda Octopus Groups Returns On Capital | 10/28/2024 |
9 | Tocqueville Asset Management L.P. Reduces Stake in Coda Octopus Group Inc. | 11/13/2024 |
10 | With 45 percent ownership, Coda Octopus Group, Inc. insiders have a lot at stake | 11/20/2024 |
About Coda Octopus 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 Coda or other stocks. Alpha measures the amount that position in Coda Octopus Group 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 | 0.0234 | 0.0122 | Price To Sales Ratio | 3.42 | 3.59 |
Coda Octopus Upcoming Company Events
As portrayed in its financial statements, the presentation of Coda Octopus' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Coda Octopus' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Coda Octopus' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Coda Octopus. Please utilize our Beneish M Score to check the likelihood of Coda Octopus' management manipulating its earnings.
| 29th of January 2024 Upcoming Quarterly Report | View | |
| 31st of October 2023 Next Fiscal Quarter End | View |
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Check out Coda Octopus Backtesting, Coda Octopus Valuation, Coda Octopus Correlation, Coda Octopus Hype Analysis, Coda Octopus Volatility, Coda Octopus History and analyze Coda Octopus Performance. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Coda Octopus 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.