Envista Holdings Corp Stock Alpha and Beta Analysis
| NVST Stock | USD 22.29 0.04 0.18% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Envista Holdings Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Envista Holdings over a specified time horizon. Remember, high Envista Holdings' 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 Envista Holdings' market risk premium analysis include:
Beta 0.7 | Alpha 0.22 | Risk 2.42 | Sharpe Ratio 0.16 | Expected Return 0.38 |
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.
Envista |
Envista Holdings Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Envista Holdings market risk premium is the additional return an investor will receive from holding Envista Holdings 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 Envista Holdings. 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 Envista Holdings' performance over market.| α | 0.22 | β | 0.70 |
Envista Holdings 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 Envista Holdings' Buy-and-hold return. Our buy-and-hold chart shows how Envista Holdings performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Envista Holdings Market Price Analysis
Market price analysis indicators help investors to evaluate how Envista Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Envista Holdings shares will generate the highest return on investment. By understating and applying Envista Holdings stock market price indicators, traders can identify Envista Holdings position entry and exit signals to maximize returns.
Envista Holdings Return and Market Media
The median price of Envista Holdings for the period between Mon, Sep 2, 2024 and Sun, Dec 1, 2024 is 19.06 with a coefficient of variation of 7.13. The daily time series for the period is distributed with a sample standard deviation of 1.38, arithmetic mean of 19.36, and mean deviation of 1.13. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Are Investors Undervaluing Envista Holdings Corporation By 34 | 10/16/2024 |
2 | Envista Receives Revised Price Target from Stifel Nicolaus | 10/23/2024 |
3 | Envista Reports Third Quarter 2024 Results | 10/30/2024 |
4 | Envista upgraded to market perform by Leerink, management cited | 10/31/2024 |
5 | Envista Holdings Third Quarter 2024 Earnings Beats Expectations | 11/01/2024 |
6 | Insider Trading | 11/18/2024 |
7 | Envista Announces Participation in Evercore HealthCONx Conference | 11/19/2024 |
8 | Envista Holdings Corporations Prospects Need A Boost To Lift Shares | 11/22/2024 |
9 | Disposition of 2316 shares by Faez Kaabi of Envista Holdings at 21.76 subject to Rule 16b-3 | 11/26/2024 |
About Envista Holdings 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 Envista or other stocks. Alpha measures the amount that position in Envista Holdings 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 (projected) | Days Sales Outstanding | 48.29 | 55.91 | 57.95 | PTB Ratio | 1.79 | 1.3 | 0.96 |
Envista Holdings Upcoming Company Events
As portrayed in its financial statements, the presentation of Envista Holdings' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Envista Holdings' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Envista Holdings' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Envista Holdings. Please utilize our Beneish M Score to check the likelihood of Envista Holdings' management manipulating its earnings.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th 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 Envista Stock Analysis
When running Envista Holdings' price analysis, check to measure Envista Holdings' 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 Envista Holdings is operating at the current time. Most of Envista Holdings' value examination focuses on studying past and present price action to predict the probability of Envista Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envista Holdings' price. Additionally, you may evaluate how the addition of Envista Holdings to your portfolios can decrease your overall portfolio volatility.