District Metals Corp Stock Alpha and Beta Analysis

DMX Stock  CAD 0.37  0.01  2.63%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as District Metals Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in District Metals over a specified time horizon. Remember, high District Metals' 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 District Metals' market risk premium analysis include:
Beta
0.71
Alpha
0.4
Risk
4.09
Sharpe Ratio
0.14
Expected Return
0.57
Please note that although District Metals 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, District Metals did 0.40  better 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 District Metals Corp stock's relative risk over its benchmark. District Metals Corp has a beta of 0.71  . As returns on the market increase, District Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding District Metals is expected to be smaller as well. Enterprise Value is likely to climb to about 31.1 M in 2024, whereas Book Value Per Share is likely to drop 0.10 in 2024.

Enterprise Value

31.06 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 District Metals Backtesting, District Metals Valuation, District Metals Correlation, District Metals Hype Analysis, District Metals Volatility, District Metals History and analyze District Metals Performance.

District Metals Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. District Metals market risk premium is the additional return an investor will receive from holding District Metals 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 District Metals. 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 District Metals' performance over market.
α0.40   β0.71

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

District Metals Market Price Analysis

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

District Metals Return and Market Media

The median price of District Metals for the period between Fri, Sep 6, 2024 and Thu, Dec 5, 2024 is 0.36 with a coefficient of variation of 13.9. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 0.35, and mean deviation of 0.04. The Stock received some media coverage during the period.
 Price Growth (%)  
       Timeline  
1
District Provides Notice to Shareholders who Seek to Transfer Shares in Preparation for Nasdaq First North Growth Listing - StockTitan
09/24/2024
2
District Metals Pursues Nasdaq First North Listing - TipRanks
11/18/2024

About District Metals 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 District or other stocks. Alpha measures the amount that position in District Metals 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.
 2023 2024 (projected)
Payables Turnover7.93E-48.33E-4
Days Of Inventory On Hand154.6K137.4K
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 District Metals 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, District Metals' short interest history, or implied volatility extrapolated from District Metals options trading.

Build Portfolio with District Metals

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

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Additional Tools for District Stock Analysis

When running District Metals' price analysis, check to measure District Metals' 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 District Metals is operating at the current time. Most of District Metals' value examination focuses on studying past and present price action to predict the probability of District Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move District Metals' price. Additionally, you may evaluate how the addition of District Metals to your portfolios can decrease your overall portfolio volatility.