Work Medical Technology Stock Alpha and Beta Analysis
| WOK Stock | 5.46 0.75 15.92% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as WORK Medical Technology. It also helps investors analyze the systematic and unsystematic risks associated with investing in WORK Medical over a specified time horizon. Remember, high WORK 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 WORK Medical's market risk premium analysis include:
Beta (0.37) | Alpha 0.31 | Risk 6.23 | Sharpe Ratio 0.0881 | Expected Return 0.55 |
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.
WORK |
WORK Medical Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. WORK Medical market risk premium is the additional return an investor will receive from holding WORK 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 WORK 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 WORK Medical's performance over market.| α | 0.31 | β | -0.37 |
WORK 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 WORK Medical's Buy-and-hold return. Our buy-and-hold chart shows how WORK Medical performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.WORK Medical Market Price Analysis
Market price analysis indicators help investors to evaluate how WORK 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 WORK Medical shares will generate the highest return on investment. By understating and applying WORK Medical stock market price indicators, traders can identify WORK Medical position entry and exit signals to maximize returns.
WORK Medical Return and Market Media
The median price of WORK Medical for the period between Sun, Sep 15, 2024 and Sat, Dec 14, 2024 is 5.76 with a coefficient of variation of 11.25. The daily time series for the period is distributed with a sample standard deviation of 0.63, arithmetic mean of 5.62, and mean deviation of 0.52. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | WORK Medical Technology Group LTD Ordinary Shares Quiet Period Set To End on October 2nd - MarketBeat | 09/24/2024 |
2 | WORK Medical Technology Group LTDs Subsidiary, Hangzhou Shanyou, Showcases Products at MEDICA ... | 11/27/2024 |
About WORK 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 WORK or other stocks. Alpha measures the amount that position in WORK Medical Technology 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.
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 WORK 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, WORK Medical's short interest history, or implied volatility extrapolated from WORK Medical options trading.
Build Portfolio with WORK Medical
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 WORK Medical Backtesting, WORK Medical Valuation, WORK Medical Correlation, WORK Medical Hype Analysis, WORK Medical Volatility, WORK Medical History and analyze WORK Medical Performance. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
WORK 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.