Enovis Corp Stock Alpha and Beta Analysis
| ENOV Stock | USD 48.45 0.71 1.49% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Enovis Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Enovis Corp over a specified time horizon. Remember, high Enovis Corp'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 Enovis Corp's market risk premium analysis include:
Beta 1.78 | Alpha (0.1) | Risk 2.18 | Sharpe Ratio 0.0385 | Expected Return 0.084 |
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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.
Enovis |
Enovis Corp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Enovis Corp market risk premium is the additional return an investor will receive from holding Enovis Corp 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 Enovis Corp. 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 Enovis Corp's performance over market.| α | -0.1 | β | 1.78 |
Enovis Corp 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 Enovis Corp's Buy-and-hold return. Our buy-and-hold chart shows how Enovis Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Enovis Corp Market Price Analysis
Market price analysis indicators help investors to evaluate how Enovis Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enovis Corp shares will generate the highest return on investment. By understating and applying Enovis Corp stock market price indicators, traders can identify Enovis Corp position entry and exit signals to maximize returns.
Enovis Corp Return and Market Media
The median price of Enovis Corp for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 43.27 with a coefficient of variation of 6.16. The daily time series for the period is distributed with a sample standard deviation of 2.66, arithmetic mean of 43.24, and mean deviation of 2.18. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 1616 shares by Brady Shirley of Enovis Corp at 59.81 subject to Rule 16b-3 | 09/06/2024 |
2 | Enovis Appoints Tim Czartoski as President, U.S. Surgical and Global Product and Enabling Technologies | 09/09/2024 |
3 | Sacramento-area flag football Ponderosa and McClatchy top the rankings, both unbeaten | 10/09/2024 |
4 | Strong week for Enovis shareholders doesnt alleviate pain of three-year loss | 10/31/2024 |
5 | River Road Asset Management LLC Invests 51.34 Million in Enovis Co. | 11/05/2024 |
6 | Enovis Announces Third Quarter 2024 Results | 11/06/2024 |
7 | Enovis Gains Strong Analyst Attention | 11/07/2024 |
8 | Enovis Third Quarter 2024 Earnings EPS Misses Expectations | 11/08/2024 |
9 | Bit.Store Partners with Conflux Network to Launch a New Era of Diverse Spending for CFX with CryptoCard | 11/19/2024 |
10 | King Luther Capital Management Corp Sells 29,471 Shares of Enovis Co. - MarketBeat | 11/22/2024 |
About Enovis Corp 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 Enovis or other stocks. Alpha measures the amount that position in Enovis 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) | Dividend Yield | 0.001238 | 0.001176 | Price To Sales Ratio | 1.09 | 0.64 |
Enovis Corp Upcoming Company Events
As portrayed in its financial statements, the presentation of Enovis Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Enovis Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Enovis Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Enovis Corp. Please utilize our Beneish M Score to check the likelihood of Enovis Corp's management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Additional Tools for Enovis Stock Analysis
When running Enovis Corp's price analysis, check to measure Enovis Corp'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 Enovis Corp is operating at the current time. Most of Enovis Corp's value examination focuses on studying past and present price action to predict the probability of Enovis Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovis Corp's price. Additionally, you may evaluate how the addition of Enovis Corp to your portfolios can decrease your overall portfolio volatility.