Denison Mines Corp Stock Alpha and Beta Analysis
| DML Stock | CAD 3.16 0.06 1.86% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Denison Mines Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Denison Mines over a specified time horizon. Remember, high Denison Mines' 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 Denison Mines' market risk premium analysis include:
Beta 0.6 | Alpha 0.51 | Risk 3.19 | Sharpe Ratio 0.24 | Expected Return 0.75 |
Denison Mines Quarterly Cash And Equivalents |
|
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.
Denison |
Denison Mines Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Denison Mines market risk premium is the additional return an investor will receive from holding Denison Mines 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 Denison Mines. 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 Denison Mines' performance over market.| α | 0.51 | β | 0.60 |
Denison Mines 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 Denison Mines' Buy-and-hold return. Our buy-and-hold chart shows how Denison Mines performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Denison Mines Market Price Analysis
Market price analysis indicators help investors to evaluate how Denison Mines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Denison Mines shares will generate the highest return on investment. By understating and applying Denison Mines stock market price indicators, traders can identify Denison Mines position entry and exit signals to maximize returns.
Denison Mines Return and Market Media
The median price of Denison Mines for the period between Thu, Sep 5, 2024 and Wed, Dec 4, 2024 is 2.87 with a coefficient of variation of 15.57. The daily time series for the period is distributed with a sample standard deviation of 0.42, arithmetic mean of 2.73, and mean deviation of 0.37. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Denison Mines Corp. Analysts Are Bullish On This Best Debt-Free Penny Stock Now - Yahoo Finance | 09/18/2024 |
2 | CIBC initiates coverage on Denison Mines stock with Outperformer rating - Investing.com | 09/26/2024 |
3 | Denison Mines Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com | 11/07/2024 |
4 | DNN Earnings Yield percent NA percent - GuruFocus.com | 11/21/2024 |
About Denison Mines 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 Denison or other stocks. Alpha measures the amount that position in Denison Mines Corp 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 | 66.72 | 89.24 | 376.41 | 350.28 | PTB Ratio | 3.44 | 2.91 | 3.07 | 3.3 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Denison Mines in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Denison Mines' short interest history, or implied volatility extrapolated from Denison Mines options trading.
Build Portfolio with Denison Mines
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
Align your risk with return expectations
Check out Denison Mines Backtesting, Denison Mines Valuation, Denison Mines Correlation, Denison Mines Hype Analysis, Denison Mines Volatility, Denison Mines History and analyze Denison Mines Performance. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Denison Mines 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.