Cargojet Stock Alpha and Beta Analysis
| CJT Stock | CAD 96.26 0.31 0.32% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Cargojet. It also helps investors analyze the systematic and unsystematic risks associated with investing in Cargojet over a specified time horizon. Remember, high Cargojet'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.
Beta 0.0943 | Alpha (0.0322) | Risk 1.76 | Sharpe Ratio 0.0236 | Expected Return 0.0415 |
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.
Cargojet |
Cargojet Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Cargojet market risk premium is the additional return an investor will receive from holding Cargojet 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 Cargojet. 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 Cargojet's performance over market.| α | -0.03 | β | 0.09 |
Cargojet 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 Cargojet's Buy-and-hold return. Our buy-and-hold chart shows how Cargojet performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Cargojet Market Price Analysis
Market price analysis indicators help investors to evaluate how Cargojet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cargojet shares will generate the highest return on investment. By understating and applying Cargojet stock market price indicators, traders can identify Cargojet position entry and exit signals to maximize returns.
Cargojet Return and Market Media
The median price of Cargojet for the period between Fri, Jun 23, 2023 and Thu, Sep 21, 2023 is 96.26 with a coefficient of variation of 2.43. The daily time series for the period is distributed with a sample standard deviation of 2.34, arithmetic mean of 96.5, and mean deviation of 1.86. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Investors Are Warming Up to Stocks Again Here Are 3 to Get E... | 07/12/2023 |
2 | My Top 5 TSX Stocks to Buy Right Now for Massive Returns in ... | 07/26/2023 |
3 | What Does Cargojet Inc.s Share Price Indicate - Simply Wall ... | 08/18/2023 |
4 | 3 Stocks Id Buy With a 6500 TFSA Contribution - The Motley F... | 09/18/2023 |
About Cargojet 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 Cargojet or other stocks. Alpha measures the amount that position in Cargojet 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.
| 2020 | 2022 | 2023 (projected) | Long Term Debt to Equity | 2.68 | 0.5 | 0.52 | Interest Coverage | 7.64 | 6.88 | 7.42 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cargojet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cargojet's short interest history, or implied volatility extrapolated from Cargojet options trading.
Build Portfolio with Cargojet
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 Cargojet Backtesting, Cargojet Valuation, Cargojet Correlation, Cargojet Hype Analysis, Cargojet Volatility, Cargojet History and analyze Cargojet Performance. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Cargojet Stock analysis
When running Cargojet's price analysis, check to measure Cargojet'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 Cargojet is operating at the current time. Most of Cargojet's value examination focuses on studying past and present price action to predict the probability of Cargojet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cargojet's price. Additionally, you may evaluate how the addition of Cargojet to your portfolios can decrease your overall portfolio volatility.
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Cargojet 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.