Himax Technologies Stock Alpha and Beta Analysis
| HIMX Stock | USD 4.91 0.03 0.61% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Himax Technologies. It also helps investors analyze the systematic and unsystematic risks associated with investing in Himax Technologies over a specified time horizon. Remember, high Himax Technologies' 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 Himax Technologies' market risk premium analysis include:
Beta 1.44 | Alpha (0.39) | Risk 2.04 | Sharpe Ratio (0.16) | Expected Return (0.33) |
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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.
Himax |
Himax Technologies Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Himax Technologies market risk premium is the additional return an investor will receive from holding Himax Technologies 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 Himax Technologies. 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 Himax Technologies' performance over market.| α | -0.39 | β | 1.44 |
Himax Technologies 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 Himax Technologies' Buy-and-hold return. Our buy-and-hold chart shows how Himax Technologies performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Himax Technologies Market Price Analysis
Market price analysis indicators help investors to evaluate how Himax Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Himax Technologies shares will generate the highest return on investment. By understating and applying Himax Technologies stock market price indicators, traders can identify Himax Technologies position entry and exit signals to maximize returns.
Himax Technologies Return and Market Media
The median price of Himax Technologies for the period between Thu, Jan 25, 2024 and Wed, Apr 24, 2024 is 5.49 with a coefficient of variation of 5.42. The daily time series for the period is distributed with a sample standard deviation of 0.3, arithmetic mean of 5.53, and mean deviation of 0.23. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Himax Technologies, Inc. Q4 2023 Earnings Call Transcript | 02/07/2024 |
2 | Passport to Profits 7 Global Growth Gems to Diversify Your Holdings | 03/13/2024 |
3 | Theres Been No Shortage Of Growth Recently For Himax Technologies Returns On Capital | 03/21/2024 |
4 | Ritholtz Wealth Management Has 280000 Stake in Himax Technologies, Inc. - Defense World | 04/02/2024 |
5 | Himax to Showcase tinyML-Powered Versatile Ultralow Power WiseEye AI at embedded world ExhibitionConference 2024 | 04/05/2024 |
6 | Himax Technologies, Inc. Schedules First Quarter 2024 Financial Results Conference Call on Thursday, May 9, 2024 at 800 AM EDT | 04/08/2024 |
7 | Ballentine Partners LLC Has 112000 Stock Position in Himax Technologies, Inc. - Defense World | 04/10/2024 |
8 | SG Americas Securities LLC Raises Holdings in Himax Technologies, Inc. - Defense World | 04/17/2024 |
9 | Himax Joins Forces with E Ink to Revolutionize Smart Retail with Premier of WiseEyeAI at 2024 Touch Taiwan | 04/19/2024 |
10 | Declining Stock and Decent Financials Is The Market Wrong About Himax Technologies, Inc. | 04/22/2024 |
About Himax Technologies 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 Himax or other stocks. Alpha measures the amount that position in Himax Technologies 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 | 0.017 | 0.2 | 0.0794 | 0.0704 | Price To Sales Ratio | 1.8 | 0.9 | 1.12 | 1.06 |
Himax Technologies Upcoming Company Events
As portrayed in its financial statements, the presentation of Himax Technologies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Himax Technologies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Himax Technologies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Himax Technologies. Please utilize our Beneish M Score to check the likelihood of Himax Technologies' management manipulating its earnings.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Build Portfolio with Himax Technologies
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Align your risk with return expectations
Check out Himax Technologies Backtesting, Himax Technologies Valuation, Himax Technologies Correlation, Himax Technologies Hype Analysis, Himax Technologies Volatility, Himax Technologies History and analyze Himax Technologies Performance. For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Himax Stock analysis
When running Himax Technologies' price analysis, check to measure Himax Technologies' 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 Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.
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Himax Technologies 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.