Spruce Power Holding Stock Alpha and Beta Analysis
| SPRU Stock | 2.88 0.05 1.71% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Spruce Power Holding. It also helps investors analyze the systematic and unsystematic risks associated with investing in Spruce Power over a specified time horizon. Remember, high Spruce Power'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 Spruce Power's market risk premium analysis include:
Beta 1.04 | Alpha 0.19 | Risk 3.76 | Sharpe Ratio 0.0212 | Expected Return 0.0796 |
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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.
Spruce |
Spruce Power Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Spruce Power market risk premium is the additional return an investor will receive from holding Spruce Power 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 Spruce Power. 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 Spruce Power's performance over market.| α | 0.19 | β | 1.04 |
Spruce Power 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 Spruce Power's Buy-and-hold return. Our buy-and-hold chart shows how Spruce Power performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Spruce Power Market Price Analysis
Market price analysis indicators help investors to evaluate how Spruce Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spruce Power shares will generate the highest return on investment. By understating and applying Spruce Power stock market price indicators, traders can identify Spruce Power position entry and exit signals to maximize returns.
Spruce Power Return and Market Media
The median price of Spruce Power for the period between Fri, Sep 27, 2024 and Thu, Dec 26, 2024 is 2.61 with a coefficient of variation of 7.49. The daily time series for the period is distributed with a sample standard deviation of 0.2, arithmetic mean of 2.61, and mean deviation of 0.16. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Spruce Power Holding Corp Q3 2024 Earnings Revenue Misses Estimates at 21. ... | 11/13/2024 |
2 | Q3 2024 Spruce Power Holding Corp Earnings Call Transcript | 11/14/2024 |
3 | Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy ... | 11/25/2024 |
4 | Acquisition by Christopher Hayes of 11440 shares of Spruce Power at 2.3929 subject to Rule 16b-3 | 11/27/2024 |
5 | Acquisition by Ledecky Jonathan J of 2000 shares of Spruce Power at 2.5094 subject to Rule 16b-3 | 11/29/2024 |
6 | Acquisition by Christopher Hayes of 1827 shares of Spruce Power at 2.5889 subject to Rule 16b-3 | 12/02/2024 |
7 | Spruce power director Kevin Griffin acquires 23,653 in stock | 12/03/2024 |
8 | Spruce Powers director Eric M. Tech buys 5,100 in common stock | 12/05/2024 |
9 | Acquisition by Eric Tech of 1000 shares of Spruce Power at 2.8208 subject to Rule 16b-3 | 12/06/2024 |
10 | Acquisition by Eric Tech of 4000 shares of Spruce Power at 2.8 subject to Rule 16b-3 | 12/13/2024 |
11 | Spruce Power Announces First Spruce Pro Servicing Customer | 12/23/2024 |
About Spruce Power 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 Spruce or other stocks. Alpha measures the amount that position in Spruce Power Holding 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 | 3.2E-5 | 2.9E-5 | Price To Sales Ratio | 1.02 | 0.97 |
Spruce Power Upcoming Company Events
As portrayed in its financial statements, the presentation of Spruce Power's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Spruce Power's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Spruce Power's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Spruce Power. Please utilize our Beneish M Score to check the likelihood of Spruce Power's management manipulating its earnings.
| 28th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Additional Tools for Spruce Stock Analysis
When running Spruce Power's price analysis, check to measure Spruce Power'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 Spruce Power is operating at the current time. Most of Spruce Power's value examination focuses on studying past and present price action to predict the probability of Spruce Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Power's price. Additionally, you may evaluate how the addition of Spruce Power to your portfolios can decrease your overall portfolio volatility.