Now Inc Stock Alpha and Beta Analysis
| DNOW Stock | USD 14.98 0.34 2.32% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Now Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Now over a specified time horizon. Remember, high Now'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 Now's market risk premium analysis include:
Beta 2.31 | Alpha 0.5 | Risk 3.05 | Sharpe Ratio 0.25 | Expected Return 0.77 |
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.
Now |
Now Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Now market risk premium is the additional return an investor will receive from holding Now 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 Now. 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 Now's performance over market.| α | 0.50 | β | 2.31 |
Now 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 Now's Buy-and-hold return. Our buy-and-hold chart shows how Now performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Now Market Price Analysis
Market price analysis indicators help investors to evaluate how Now stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Now shares will generate the highest return on investment. By understating and applying Now stock market price indicators, traders can identify Now position entry and exit signals to maximize returns.
Now Return and Market Media
The median price of Now for the period between Wed, Jan 17, 2024 and Tue, Apr 16, 2024 is 14.09 with a coefficient of variation of 18.15. The daily time series for the period is distributed with a sample standard deviation of 2.3, arithmetic mean of 12.7, and mean deviation of 2.16. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | DNOW Inc. sets Q4 and full-year 2023 earnings call | 01/19/2024 |
2 | NOW Inc. Q4 2023 Earnings Call Transcript | 02/16/2024 |
3 | Disposition of 7690 shares by Raymond Chang of Now at 13.29 subject to Rule 16b-3 | 02/23/2024 |
4 | DNOW Inc. Short Interest Update | 03/04/2024 |
5 | Are Industrial Products Stocks Lagging DNOW INC This Year | 03/08/2024 |
6 | Is Trending Stock DraftKings Inc. a Buy Now - Yahoo Finance | 03/14/2024 |
7 | Whats Driving Dnow Incs Surprising 29 percent Stock Rally | 03/19/2024 |
8 | DNOW INC Upgraded to Strong Buy Heres What You Should Know | 03/20/2024 |
9 | Is DNOW INC Outperforming Other Industrial Products Stocks This Year | 03/26/2024 |
10 | Is Trending Stock Walmart Inc. a Buy Now - Yahoo Finance | 04/02/2024 |
11 | Why the Market Dipped But DNOW Gained Today | 04/08/2024 |
12 | Is DNOW INC Stock Outpacing Its Industrial Products Peers This Year | 04/11/2024 |
13 | Is Trending Stock Coinbase Global, Inc. a Buy Now - Yahoo Finance | 04/15/2024 |
About Now 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 Now or other stocks. Alpha measures the amount that position in Now Inc 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 | 67.99 | 68.01 | 60.39 | 65.33 | PTB Ratio | 1.32 | 1.67 | 1.15 | 1.46 |
Now Upcoming Company Events
As portrayed in its financial statements, the presentation of Now's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Now's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Now's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Now. Please utilize our Beneish M Score to check the likelihood of Now's management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Now
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 Now Backtesting, Now Valuation, Now Correlation, Now Hype Analysis, Now Volatility, Now History and analyze Now Performance. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Now Stock analysis
When running Now's price analysis, check to measure Now'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 Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.
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Now 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.