Dollarama OTC Stock Alpha and Beta Analysis

DLMAF -  USA Stock  

USD 46.18  0.28  0.60%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Dollarama. It also helps investors analyze the systematic and unsystematic risks associated with investing in Dollarama over a specified time horizon. Remember, high Dollarama'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.
Continue to Dollarama Backtesting, Dollarama Valuation, Dollarama Correlation, Dollarama Hype Analysis, Dollarama Volatility, Dollarama History and analyze Dollarama Performance.

Dollarama Beta 

 
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Please note that although Dollarama 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., DOW index.) So in this particular case, Dollarama did 0.013783  worse 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 Dollarama stock's relative risk over its benchmark. Dollarama has a beta of 0.65  . Let's try to break down what Dollarama's beta means in this case. As returns on the market increase, Dollarama returns are expected to increase less than the market. However, during the bear market, the loss on holding Dollarama will be expected to be smaller as well.
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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.

Dollarama Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Dollarama market risk premium is the additional return an investor will receive from holding Dollarama 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 Dollarama. 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 Dollarama's performance over market.
α-0.01   β0.65
90 days against DJI

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

Dollarama Market Price Analysis

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

Dollarama Return and Market Media

The median price of Dollarama for the period between Thu, Jul 22, 2021 and Wed, Oct 20, 2021 is 45.75 with a coefficient of variation of 2.8. The daily time series for the period is distributed with a sample standard deviation of 1.28, arithmetic mean of 45.56, and mean deviation of 1.03. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
      Timeline 
1
Dollarama Stock Why it Might Finally Be Time to Buy - The Mo...07/23/2021
2
Dollarama Inc. stock rises Friday, outperforms market - Mark...08/06/2021
3
First Capital Announces Approximately 400 Million of Propert...08/10/2021
4
Dollarama Inc. stock falls Friday, underperforms market - Ma...08/13/2021
5
-- TSX Brief Led By Tech Stocks Like Shopify, Up More Than 3...08/24/2021
6
Another Day of Losses for TSX - Baystreet.ca09/14/2021
7
Canadian Market Down Firmly In Negative Territory Technology...09/28/2021
8
3 Stocks That Could Kick Start Your October - The Motley Foo...10/14/2021

About Dollarama 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 equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Dollarama 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.

Dollarama Investors Sentiment

The influence of Dollarama's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dollarama. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - DLMAF

Dollarama Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Dollarama. What is your opinion about investing in Dollarama? Are you bullish or bearish?
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50% Bullish
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Continue to Dollarama Backtesting, Dollarama Valuation, Dollarama Correlation, Dollarama Hype Analysis, Dollarama Volatility, Dollarama History and analyze Dollarama Performance. Note that the Dollarama information on this page should be used as a complementary analysis to other Dollarama's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Dollarama OTC Stock analysis

When running Dollarama price analysis, check to measure Dollarama'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 Dollarama is operating at the current time. Most of Dollarama's value examination focuses on studying past and present price action to predict the probability of Dollarama's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dollarama's price. Additionally, you may evaluate how the addition of Dollarama to your portfolios can decrease your overall portfolio volatility.
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Dollarama technical otc 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 Dollarama technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dollarama 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...