Nano X Imaging Stock Alpha and Beta Analysis
| NNOX Stock | USD 6.76 0.19 2.89% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nano X Imaging. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nano X over a specified time horizon. Remember, high Nano X'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 Nano X's market risk premium analysis include:
Beta 2.17 | Alpha 0.19 | Risk 5.7 | Sharpe Ratio 0.0588 | Expected Return 0.34 |
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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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Nano X Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nano X market risk premium is the additional return an investor will receive from holding Nano X 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 Nano X. 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 Nano X's performance over market.| α | 0.19 | β | 2.17 |
Nano X 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 Nano X's Buy-and-hold return. Our buy-and-hold chart shows how Nano X performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nano X Market Price Analysis
Market price analysis indicators help investors to evaluate how Nano X stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nano X shares will generate the highest return on investment. By understating and applying Nano X stock market price indicators, traders can identify Nano X position entry and exit signals to maximize returns.
Nano X Return and Market Media
The median price of Nano X for the period between Sun, Sep 22, 2024 and Sat, Dec 21, 2024 is 6.09 with a coefficient of variation of 9.23. The daily time series for the period is distributed with a sample standard deviation of 0.58, arithmetic mean of 6.28, and mean deviation of 0.41. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Nanox Highlighted on TIMEs Best Inventions of 2024 List for its AI Solutions | 10/31/2024 |
2 | Nano-X Imaging Q3 2024 Earnings Preview | 11/20/2024 |
3 | Nano X Imaging Ltd Q3 2024 Earnings Call Highlights Navigating Financial Challenges ... | 11/22/2024 |
4 | Nano-X Imaging shares retain Overweight rating despite revised price target | 11/26/2024 |
5 | Cantor Fitzgerald maintains Overweight rating on Nano-X stock, sees ramping U.S. deployments | 12/05/2024 |
6 | Nano-Xs SWOT analysis AI-driven imaging stock faces growth hurdles | 12/17/2024 |
About Nano X 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 Nano or other stocks. Alpha measures the amount that position in Nano X Imaging 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.
| 2022 | 2023 | 2024 (projected) | Payables Turnover | 4.27 | 4.99 | 5.24 | Days Of Inventory On Hand | 57.0 | 52.13 | 49.52 |
Nano X Upcoming Company Events
As portrayed in its financial statements, the presentation of Nano X's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nano X's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nano X's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nano X. Please utilize our Beneish M Score to check the likelihood of Nano X's management manipulating its earnings.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 27th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 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 Nano X
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
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Additional Tools for Nano Stock Analysis
When running Nano X's price analysis, check to measure Nano X's 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 Nano X is operating at the current time. Most of Nano X's value examination focuses on studying past and present price action to predict the probability of Nano X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nano X's price. Additionally, you may evaluate how the addition of Nano X to your portfolios can decrease your overall portfolio volatility.