Azek Company Stock Alpha and Beta Analysis
| AZEK Stock | USD 53.12 0.86 1.65% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Azek Company. It also helps investors analyze the systematic and unsystematic risks associated with investing in Azek over a specified time horizon. Remember, high Azek'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 Azek's market risk premium analysis include:
Beta 0.98 | Alpha 0.21 | Risk 1.74 | Sharpe Ratio 0.22 | Expected Return 0.39 |
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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.
Azek |
Azek Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Azek market risk premium is the additional return an investor will receive from holding Azek 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 Azek. 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 Azek's performance over market.| α | 0.21 | β | 0.98 |
Azek 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 Azek's Buy-and-hold return. Our buy-and-hold chart shows how Azek performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Azek Market Price Analysis
Market price analysis indicators help investors to evaluate how Azek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Azek shares will generate the highest return on investment. By understating and applying Azek stock market price indicators, traders can identify Azek position entry and exit signals to maximize returns.
Azek Return and Market Media
The median price of Azek for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 44.69 with a coefficient of variation of 6.03. The daily time series for the period is distributed with a sample standard deviation of 2.72, arithmetic mean of 45.06, and mean deviation of 2.09. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Gary Hendrickson of 782 shares of Azek at 41.8 subject to Rule 16b-3 | 09/10/2024 |
2 | The AZEK Company Inc. Shares Acquired by Algert Global LLC - MarketBeat | 10/01/2024 |
3 | Disposition of 13000 shares by Jesse Singh of Azek at 37.23 subject to Rule 16b-3 | 10/28/2024 |
4 | Acquisition by Rakesh Mohan of 11323 shares of Azek subject to Rule 16b-3 | 11/01/2024 |
5 | The AZEK Company Expands 2025 Portfolio with Debut of Premium Vinyl Railing, Steel Railing, and Revolutionary Exterior Trim Made from up to 95 percent Recycled ... | 11/07/2024 |
6 | The AZEK Company Announces Strategic Distribution Partnership With Capital Lumber to Service ... | 11/18/2024 |
7 | Disposition of 1660 shares by Jesse Singh of Azek at 46.46 subject to Rule 16b-3 | 11/19/2024 |
8 | Azek Co. shares target upgraded, outperform rating on strong FQ4 results | 11/20/2024 |
9 | What is DA Davidsons Estimate for AZEK FY2025 Earnings | 11/22/2024 |
10 | Heres Why AZEK Has Caught The Eye Of Investors | 11/25/2024 |
About Azek 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 Azek or other stocks. Alpha measures the amount that position in Azek Company 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) | Days Sales Outstanding | 24.28 | 15.36 | 12.64 | 24.29 | PTB Ratio | 1.77 | 3.17 | 5.02 | 5.54 |
Azek Upcoming Company Events
As portrayed in its financial statements, the presentation of Azek's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Azek's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Azek's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Azek. Please utilize our Beneish M Score to check the likelihood of Azek's management manipulating its earnings.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of November 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
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Check out Azek Backtesting, Azek Valuation, Azek Correlation, Azek Hype Analysis, Azek Volatility, Azek History and analyze Azek Performance. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Azek 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.