Profound Medical Corp Stock Alpha and Beta Analysis
| PRN Stock | CAD 10.70 0.14 1.29% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Profound Medical Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Profound Medical over a specified time horizon. Remember, high Profound Medical'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 Profound Medical's market risk premium analysis include:
Beta 1.83 | Alpha (0.19) | Risk 2.87 | Sharpe Ratio 0.0107 | Expected Return 0.0307 |
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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.
Profound |
Profound Medical Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Profound Medical market risk premium is the additional return an investor will receive from holding Profound Medical 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 Profound Medical. 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 Profound Medical's performance over market.| α | -0.19 | β | 1.83 |
Profound Medical 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 Profound Medical's Buy-and-hold return. Our buy-and-hold chart shows how Profound Medical performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Profound Medical Market Price Analysis
Market price analysis indicators help investors to evaluate how Profound Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Profound Medical shares will generate the highest return on investment. By understating and applying Profound Medical stock market price indicators, traders can identify Profound Medical position entry and exit signals to maximize returns.
Profound Medical Return and Market Media
The median price of Profound Medical for the period between Thu, Sep 12, 2024 and Wed, Dec 11, 2024 is 10.7 with a coefficient of variation of 4.48. The daily time series for the period is distributed with a sample standard deviation of 0.48, arithmetic mean of 10.76, and mean deviation of 0.37. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Profound Medical Set to Announce Earnings on Thursday - MarketBeat | 10/31/2024 |
2 | Profound Medical Corp. Announces Executive Changes - Marketscreener.com | 11/12/2024 |
3 | Profound Medical Plans Public Share Offering - TipRanks | 12/05/2024 |
4 | Profound Medical Raises 40.25 Million in Public Offering - TipRanks | 12/10/2024 |
About Profound Medical 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 Profound or other stocks. Alpha measures the amount that position in Profound Medical 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 | 74.99 | 346.59 | 369.51 | 324.06 | PTB Ratio | 2.86 | 4.27 | 5.69 | 3.51 |
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 Profound Medical 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, Profound Medical's short interest history, or implied volatility extrapolated from Profound Medical options trading.
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Check out Profound Medical Backtesting, Profound Medical Valuation, Profound Medical Correlation, Profound Medical Hype Analysis, Profound Medical Volatility, Profound Medical History and analyze Profound Medical Performance. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Profound Medical 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.