Caesarstone Stock Alpha and Beta Analysis

CSTE Stock  USD 4.09  0.02  0.49%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Caesarstone. It also helps investors analyze the systematic and unsystematic risks associated with investing in Caesarstone over a specified time horizon. Remember, high Caesarstone'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 Caesarstone's market risk premium analysis include:
Beta
0.0909
Alpha
0.0732
Risk
2.46
Sharpe Ratio
0.0137
Expected Return
0.0336
Please note that although Caesarstone alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Caesarstone did 0.07  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Caesarstone stock's relative risk over its benchmark. Caesarstone has a beta of 0.09  . As returns on the market increase, Caesarstone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Caesarstone is expected to be smaller as well. As of March 29, 2024, Price Book Value Ratio is expected to decline to 0.39. The current year's Enterprise Value Multiple is expected to grow to -18.14.
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.
  
Check out Caesarstone Backtesting, Caesarstone Valuation, Caesarstone Correlation, Caesarstone Hype Analysis, Caesarstone Volatility, Caesarstone History and analyze Caesarstone Performance.
For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.

Caesarstone Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Caesarstone market risk premium is the additional return an investor will receive from holding Caesarstone 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 Caesarstone. 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 Caesarstone's performance over market.
α0.07   β0.09

Caesarstone 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 Caesarstone's Buy-and-hold return. Our buy-and-hold chart shows how Caesarstone performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Caesarstone Market Price Analysis

Market price analysis indicators help investors to evaluate how Caesarstone stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Caesarstone shares will generate the highest return on investment. By understating and applying Caesarstone stock market price indicators, traders can identify Caesarstone position entry and exit signals to maximize returns.

Caesarstone Return and Market Media

The median price of Caesarstone for the period between Sat, Dec 30, 2023 and Fri, Mar 29, 2024 is 4.09 with a coefficient of variation of 4.26. The daily time series for the period is distributed with a sample standard deviation of 0.17, arithmetic mean of 4.07, and mean deviation of 0.13. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
CAESARSTONE UNVEILS BEYOND THE SURFACE REPORT EXPLORING THE IMPACTS OF DESIGN ON EVERYDAY LIFE
02/27/2024
2
Q2 2023 Caesarstone Ltd Earnings Call Transcript
03/01/2024
3
Caesarstone Shares Cross Above Two Hundred Day Moving Average of 4.11 - MarketBeat
03/13/2024
4
Caesarstone investors are sitting on a loss of 74 percent if they invested five years ago
03/22/2024

About Caesarstone 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 Caesarstone or other stocks. Alpha measures the amount that position in Caesarstone 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 Yield0.02730.04380.05040.0292
Price To Sales Ratio0.610.290.230.22

Caesarstone Upcoming Company Events

As portrayed in its financial statements, the presentation of Caesarstone's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Caesarstone's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Caesarstone's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Caesarstone. Please utilize our Beneish M Score to check the likelihood of Caesarstone's management manipulating its earnings.
6th of March 2024
Upcoming Quarterly Report
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8th of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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6th of March 2024
Next Fiscal Year End
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30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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Build Portfolio with Caesarstone

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.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Caesarstone is a strong investment it is important to analyze Caesarstone's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Caesarstone's future performance. For an informed investment choice regarding Caesarstone Stock, refer to the following important reports:
Check out Caesarstone Backtesting, Caesarstone Valuation, Caesarstone Correlation, Caesarstone Hype Analysis, Caesarstone Volatility, Caesarstone History and analyze Caesarstone Performance.
For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Caesarstone's price analysis, check to measure Caesarstone'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 Caesarstone is operating at the current time. Most of Caesarstone's value examination focuses on studying past and present price action to predict the probability of Caesarstone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caesarstone's price. Additionally, you may evaluate how the addition of Caesarstone to your portfolios can decrease your overall portfolio volatility.
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Caesarstone 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.
A focus of Caesarstone technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Caesarstone trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...