Nacco Industries Stock Alpha and Beta Analysis
| NC Stock | USD 27.74 0.22 0.79% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NACCO Industries. It also helps investors analyze the systematic and unsystematic risks associated with investing in NACCO Industries over a specified time horizon. Remember, high NACCO Industries' 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 NACCO Industries' market risk premium analysis include:
Beta (0.08) | Alpha (0.38) | Risk 1.7 | Sharpe Ratio (0.25) | Expected Return (0.42) |
NACCO Industries Quarterly Cash And Equivalents |
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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.
NACCO |
NACCO Industries Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NACCO Industries market risk premium is the additional return an investor will receive from holding NACCO Industries 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 NACCO Industries. 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 NACCO Industries' performance over market.| α | -0.38 | β | -0.08 |
NACCO Industries 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 NACCO Industries' Buy-and-hold return. Our buy-and-hold chart shows how NACCO Industries performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.NACCO Industries Market Price Analysis
Market price analysis indicators help investors to evaluate how NACCO Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NACCO Industries shares will generate the highest return on investment. By understating and applying NACCO Industries stock market price indicators, traders can identify NACCO Industries position entry and exit signals to maximize returns.
NACCO Industries Return and Market Media
The median price of NACCO Industries for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 32.65 with a coefficient of variation of 9.99. The daily time series for the period is distributed with a sample standard deviation of 3.22, arithmetic mean of 32.24, and mean deviation of 2.95. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | 13 free and cheap things to do in Charlotte Dog Days of Winter, explore Black History more | 02/14/2024 |
2 | NACCO Industries, Inc. to Issue Quarterly Dividend of 0.22 on March 15th | 02/28/2024 |
3 | NACCO Industries, Inc. Q4 2023 Earnings Call Transcript | 03/08/2024 |
| NACCO Industries dividend paid on 15th of March 2024 | 03/15/2024 |
4 | These 3 Students Have Made HBCU History After Winning Astronaut Scholarships To Pursue STEM Careers | 03/26/2024 |
5 | Acquisition by Alfred Rankin of 1110 shares of NACCO Industries subject to Rule 16b-3 | 04/01/2024 |
6 | Hyster-Yale announces corporate rebranding strategy | 04/02/2024 |
7 | Talk It Out NC Encourages Underage Prevention During Alcohol Awareness Month | 04/03/2024 |
8 | Acquisition by Mcdonald William Paul of 814 shares of NACCO Industries subject to Rule 16b-3 | 04/05/2024 |
9 | We-Are-One-Worldwide announce theatrical events Uniting Musical Artists with a Vision of Harmony and Social Impact | 04/08/2024 |
10 | Treat your mom right by taking her out to Mothers Day brunch at a Charlotte restaurant | 04/15/2024 |
11 | CP Group Announces Nearly 70,000 SF of Leasing at Harris Corners in Charlotte, NC | 04/18/2024 |
About NACCO Industries 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 NACCO or other stocks. Alpha measures the amount that position in NACCO Industries 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) | Dividend Yield | 0.0217 | 0.0216 | 0.0236 | 0.0225 | Price To Sales Ratio | 1.35 | 1.15 | 1.27 | 1.33 |
NACCO Industries Upcoming Company Events
As portrayed in its financial statements, the presentation of NACCO Industries' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NACCO Industries' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NACCO Industries' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NACCO Industries. Please utilize our Beneish M Score to check the likelihood of NACCO Industries' management manipulating its earnings.
| 20th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Build Portfolio with NACCO Industries
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 NACCO Industries Backtesting, NACCO Industries Valuation, NACCO Industries Correlation, NACCO Industries Hype Analysis, NACCO Industries Volatility, NACCO Industries History and analyze NACCO Industries Performance. For information on how to trade NACCO Stock refer to our How to Trade NACCO Stock guide.Note that the NACCO Industries information on this page should be used as a complementary analysis to other NACCO Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for NACCO Stock analysis
When running NACCO Industries' price analysis, check to measure NACCO Industries' 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 NACCO Industries is operating at the current time. Most of NACCO Industries' value examination focuses on studying past and present price action to predict the probability of NACCO Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NACCO Industries' price. Additionally, you may evaluate how the addition of NACCO Industries to your portfolios can decrease your overall portfolio volatility.
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NACCO Industries 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.