Coherent Stock Alpha and Beta Analysis
| COHR Stock | USD 55.06 2.18 4.12% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Coherent. It also helps investors analyze the systematic and unsystematic risks associated with investing in Coherent over a specified time horizon. Remember, high Coherent'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 Coherent's market risk premium analysis include:
Beta 2.69 | Alpha 0.0403 | Risk 3.45 | Sharpe Ratio 0.0728 | Expected Return 0.25 |
Enterprise Value |
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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.
Coherent |
Coherent Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Coherent market risk premium is the additional return an investor will receive from holding Coherent 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 Coherent. 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 Coherent's performance over market.| α | 0.04 | β | 2.69 |
Coherent 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 Coherent's Buy-and-hold return. Our buy-and-hold chart shows how Coherent performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Coherent Market Price Analysis
Market price analysis indicators help investors to evaluate how Coherent stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coherent shares will generate the highest return on investment. By understating and applying Coherent stock market price indicators, traders can identify Coherent position entry and exit signals to maximize returns.
Coherent Return and Market Media
The median price of Coherent for the period between Tue, Jan 30, 2024 and Mon, Apr 29, 2024 is 58.76 with a coefficient of variation of 9.07. The daily time series for the period is distributed with a sample standard deviation of 5.21, arithmetic mean of 57.4, and mean deviation of 4.28. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 2000 shares by Christopher Koeppen of Coherent at 62.02 subject to Rule 16b-3 | 02/15/2024 |
2 | Exercise or conversion by Wagner David G of 2134 shares of Coherent subject to Rule 16b-3 | 02/21/2024 |
3 | Disposition of 708 shares by Ilaria Mocciaro of Coherent subject to Rule 16b-3 | 02/28/2024 |
4 | Coherent Debuts Extended CL-Band Grisms With Unmatched Efficiency and Performance | 03/15/2024 |
5 | Coherent Corp., Juniper Networks and Marvell Deliver Public Demonstration of Industry-First Comprehensive 800ZR System at OFC24 | 03/25/2024 |
6 | B.Riley ups Coherent shares target, eyeing optical industry leap and AI market grip | 04/01/2024 |
7 | Coherent Corp. president sells over 264k in company stock | 04/02/2024 |
8 | Coherent Seems To Use Debt Quite Sensibly | 04/05/2024 |
9 | Coherent Secures 15 Million in CHIPS Act Funding Through the CLAWS Hub to Accelerate Commercialization of Wide- and Ultrawide-Bandgap Semiconductors | 04/10/2024 |
10 | Disposition of 2704 shares by Mattera Vincent D Jr of Coherent at 53.6748 subject to Rule 16b-3 | 04/15/2024 |
11 | Coherent to layoff 61 in Santa Clara by June | 04/17/2024 |
12 | Coherent Announces Support of DEI-Related Educational Initiatives Through HBCUMIS and the Optica Foundation | 04/23/2024 |
13 | Optical Transceiver Market Size growing at a CAGR of 13.0 percent 2029 | 04/24/2024 |
About Coherent 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 Coherent or other stocks. Alpha measures the amount that position in Coherent 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 | 0.005813 | 0.003935 | 0.003542 | 0.003248 | Price To Sales Ratio | 1.79 | 1.36 | 1.22 | 1.54 |
Coherent Upcoming Company Events
As portrayed in its financial statements, the presentation of Coherent's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Coherent's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Coherent's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Coherent. Please utilize our Beneish M Score to check the likelihood of Coherent's management manipulating its earnings.
| 5th of February 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of August 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
Build Portfolio with Coherent
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 Coherent Backtesting, Coherent Valuation, Coherent Correlation, Coherent Hype Analysis, Coherent Volatility, Coherent History and analyze Coherent Performance. To learn how to invest in Coherent Stock, please use our How to Invest in Coherent guide.Note that the Coherent information on this page should be used as a complementary analysis to other Coherent's 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Coherent Stock analysis
When running Coherent's price analysis, check to measure Coherent'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 Coherent is operating at the current time. Most of Coherent's value examination focuses on studying past and present price action to predict the probability of Coherent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coherent's price. Additionally, you may evaluate how the addition of Coherent to your portfolios can decrease your overall portfolio volatility.
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Coherent 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.