Eastside Distilling Stock Alpha and Beta Analysis
| EAST Stock | USD 1.05 0.03 2.78% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Eastside Distilling. It also helps investors analyze the systematic and unsystematic risks associated with investing in Eastside Distilling over a specified time horizon. Remember, high Eastside Distilling'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 Eastside Distilling's market risk premium analysis include:
Beta 0.56 | Alpha 0.15 | Risk 7.07 | Sharpe Ratio 0.0323 | Expected Return 0.23 |
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.
Eastside |
Eastside Distilling Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Eastside Distilling market risk premium is the additional return an investor will receive from holding Eastside Distilling 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 Eastside Distilling. 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 Eastside Distilling's performance over market.| α | 0.15 | β | 0.56 |
Eastside Distilling 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 Eastside Distilling's Buy-and-hold return. Our buy-and-hold chart shows how Eastside Distilling performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Eastside Distilling Market Price Analysis
Market price analysis indicators help investors to evaluate how Eastside Distilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eastside Distilling shares will generate the highest return on investment. By understating and applying Eastside Distilling stock market price indicators, traders can identify Eastside Distilling position entry and exit signals to maximize returns.
Eastside Distilling Return and Market Media
The median price of Eastside Distilling for the period between Fri, Jan 26, 2024 and Thu, Apr 25, 2024 is 1.07 with a coefficient of variation of 10.61. The daily time series for the period is distributed with a sample standard deviation of 0.11, arithmetic mean of 1.07, and mean deviation of 0.08. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Marijuana Stock Movers For February 2, 2024 | 02/02/2024 |
2 | Bullish Sentiment Across The Cannabis Space - Check Full Movers For February 27, 2024 | 02/27/2024 |
3 | PRODUCTLIFE GROUP ACQUIRES HEALTH CARE SOLUTION , EXPANDING ITS REACH ACROSS MIDDLE EAST AND AFRICA | 03/05/2024 |
4 | Eastside Distilling to Attend the 36th Annual Roth Conference March 17-19, 2024 and schedules 4th Quarter Earnings Call | 03/11/2024 |
5 | GIGABYTE accueille les joueurs dans lAORUS Infinity la PAX EAST 2024 pour une exprience IA suprieure | 03/13/2024 |
6 | Bullish Sentiment Across The Cannabis Space - Check Full Movers For March 20, 2024 | 03/20/2024 |
7 | Eastside Distilling, Inc. to Report 2023 Fiscal Year Results on Monday, April 1, 2024 | 03/27/2024 |
8 | Cannabis Stock Movers For April 1, 2024 | 04/01/2024 |
9 | Eastside Distilling, Inc. Q4 2023 Earnings Call Transcript | 04/03/2024 |
10 | Bullish Sentiment Across The Cannabis Space - Check Full Movers For April 5, 2024 | 04/05/2024 |
11 | Discretionary transaction by Bigger Michael of 1838000 shares of Eastside Distilling at 3.05 subject to Rule 16b-3 | 04/19/2024 |
12 | PCI SECURITY STANDARDS COUNCIL EXPANDS ROLE OF PAYMENT SECURITY PROFESSIONAL NITIN BHATNAGAR TO STRENGTHEN CYBERSECURITY IN MIDDLE EAST | 04/22/2024 |
About Eastside Distilling 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 Eastside or other stocks. Alpha measures the amount that position in Eastside Distilling 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) | Payables Turnover | 7.5 | 6.62 | 5.2 | 5.46 | Days Of Inventory On Hand | 250.54 | 141.7 | 108.61 | 103.18 |
Eastside Distilling Upcoming Company Events
As portrayed in its financial statements, the presentation of Eastside Distilling's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Eastside Distilling's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Eastside Distilling's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Eastside Distilling. Please utilize our Beneish M Score to check the likelihood of Eastside Distilling's management manipulating its earnings.
| 29th of March 2024 Upcoming Quarterly Report | View | |
| 20th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 29th of March 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 Eastside Distilling
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 Eastside Distilling Backtesting, Eastside Distilling Valuation, Eastside Distilling Correlation, Eastside Distilling Hype Analysis, Eastside Distilling Volatility, Eastside Distilling History and analyze Eastside Distilling Performance. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Eastside Stock analysis
When running Eastside Distilling's price analysis, check to measure Eastside Distilling'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 Eastside Distilling is operating at the current time. Most of Eastside Distilling's value examination focuses on studying past and present price action to predict the probability of Eastside Distilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastside Distilling's price. Additionally, you may evaluate how the addition of Eastside Distilling to your portfolios can decrease your overall portfolio volatility.
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Eastside Distilling 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.