Pyxis Tankers Stock Alpha and Beta Analysis

PXS Stock  USD 3.77  0.03  0.79%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Pyxis Tankers. It also helps investors analyze the systematic and unsystematic risks associated with investing in Pyxis Tankers over a specified time horizon. Remember, high Pyxis Tankers' 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 Pyxis Tankers' market risk premium analysis include:
Beta
0.28
Alpha
(0.45)
Risk
1.74
Sharpe Ratio
(0.24)
Expected Return
(0.41)
Please note that although Pyxis Tankers alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Pyxis Tankers did 0.45  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Pyxis Tankers stock's relative risk over its benchmark. Pyxis Tankers has a beta of 0.28  . As returns on the market increase, Pyxis Tankers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pyxis Tankers is expected to be smaller as well. At this time, Pyxis Tankers' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 1.54 in 2024, whereas Tangible Book Value Per Share is likely to drop 8.62 in 2024.

Enterprise Value

129.4 Million

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.
  
Check out Pyxis Tankers Backtesting, Pyxis Tankers Valuation, Pyxis Tankers Correlation, Pyxis Tankers Hype Analysis, Pyxis Tankers Volatility, Pyxis Tankers History and analyze Pyxis Tankers Performance.
For more information on how to buy Pyxis Stock please use our How to Invest in Pyxis Tankers guide.

Pyxis Tankers Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Pyxis Tankers market risk premium is the additional return an investor will receive from holding Pyxis Tankers 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 Pyxis Tankers. 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 Pyxis Tankers' performance over market.
α-0.45   β0.28

Pyxis Tankers 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 Pyxis Tankers' Buy-and-hold return. Our buy-and-hold chart shows how Pyxis Tankers performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Pyxis Tankers Market Price Analysis

Market price analysis indicators help investors to evaluate how Pyxis Tankers stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pyxis Tankers shares will generate the highest return on investment. By understating and applying Pyxis Tankers stock market price indicators, traders can identify Pyxis Tankers position entry and exit signals to maximize returns.

Pyxis Tankers Return and Market Media

The median price of Pyxis Tankers for the period between Wed, Sep 4, 2024 and Tue, Dec 3, 2024 is 4.87 with a coefficient of variation of 9.03. The daily time series for the period is distributed with a sample standard deviation of 0.42, arithmetic mean of 4.65, and mean deviation of 0.38. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Tankers deployed after sewer bursts in Looe boat yard
10/11/2024
2
Q3 2024 Scorpio Tankers Inc Earnings Call Transcript
10/30/2024
3
Pyxis Tankers Announces Date for the Release of the Third Quarter 2024 Results and Related Conference Call Webcast
11/20/2024
4
Institutional investors in Pyxis Oncology, Inc. lost 11 percent last week but have reaped the benefits of longer-term growth
11/21/2024
5
Earnings call Pyxis Tankers reports robust Q2 2024 financial results
11/22/2024
6
Nordic American Tankers Ltd Announces Results of its 2024 Annual General Meeting of Shareholders
11/25/2024
7
Tankers underwhelm
11/26/2024
8
Nordic American Tankers Ltd Report as per September 30, 2024 Prospects for our Suezmax tankers are good
11/29/2024
9
Nordic American Tankers Ltd Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
12/02/2024

About Pyxis Tankers 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 Pyxis or other stocks. Alpha measures the amount that position in Pyxis Tankers 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)
Dividend Yield0.0077740.0170.01790.0188
Price To Sales Ratio2.730.880.980.93

Pyxis Tankers Upcoming Company Events

As portrayed in its financial statements, the presentation of Pyxis Tankers' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Pyxis Tankers' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Pyxis Tankers' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Pyxis Tankers. Please utilize our Beneish M Score to check the likelihood of Pyxis Tankers' management manipulating its earnings.
21st of March 2024
Upcoming Quarterly Report
View
31st of December 2023
Next Fiscal Quarter End
View

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Additional Tools for Pyxis Stock Analysis

When running Pyxis Tankers' price analysis, check to measure Pyxis Tankers' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pyxis Tankers is operating at the current time. Most of Pyxis Tankers' value examination focuses on studying past and present price action to predict the probability of Pyxis Tankers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pyxis Tankers' price. Additionally, you may evaluate how the addition of Pyxis Tankers to your portfolios can decrease your overall portfolio volatility.