Draganfly Stock Alpha and Beta Analysis

DPRO Stock  USD 0.26  0.01  3.70%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Draganfly. It also helps investors analyze the systematic and unsystematic risks associated with investing in Draganfly over a specified time horizon. Remember, high Draganfly'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 Draganfly's market risk premium analysis include:
Beta
(1.70)
Alpha
(0.07)
Risk
10.57
Sharpe Ratio
0.0144
Expected Return
0.15
Please note that although Draganfly 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., NYSE Composite index.) So in this particular case, Draganfly did 0.07  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 Draganfly stock's relative risk over its benchmark. Draganfly has a beta of 1.70  . As returns on the market increase, returns on owning Draganfly are expected to decrease by larger amounts. On the other hand, during market turmoil, Draganfly is expected to outperform it. At this time, Draganfly's Price Book Value Ratio is very stable compared to the past year. As of the 21st of May 2024, Price Fair Value is likely to grow to 68.98, while Book Value Per Share is likely to drop 0.01.

Enterprise Value

43.26 Million

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.
  
Check out Draganfly Backtesting, Draganfly Valuation, Draganfly Correlation, Draganfly Hype Analysis, Draganfly Volatility, Draganfly History and analyze Draganfly Performance.
To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.

Draganfly Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Draganfly market risk premium is the additional return an investor will receive from holding Draganfly 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 Draganfly. 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 Draganfly's performance over market.
α-0.07   β-1.7

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

Draganfly Market Price Analysis

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

Draganfly Return and Market Media

The median price of Draganfly for the period between Wed, Feb 21, 2024 and Tue, May 21, 2024 is 0.23 with a coefficient of variation of 27.33. The daily time series for the period is distributed with a sample standard deviation of 0.06, arithmetic mean of 0.23, and mean deviation of 0.05. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
SecureWorks Tops Q4 Earnings and Revenue Estimates
03/14/2024
2
DPRO Stock Earnings Draganfly Reported Results for Q4 2023
03/28/2024
3
HC Wainwright Equities Analysts Raise Earnings Estimates for Draganfly Inc. - Defense World
04/03/2024
4
Draganfly Showcases Innovation Amid Nasdaq Compliance Efforts - TipRanks.com - TipRanks
04/12/2024
5
Draganfly and ParaZero partner for drone safety boost
04/25/2024
6
Draganfly announces pricing of 3.5M registered direct offering
04/29/2024
7
Draganfly Secures Maxim as Exclusive Placement Agent - TipRanks.com - TipRanks
05/01/2024
8
Draganfly Unveils FlexForce Drone for Defense Sector - TipRanks.com - TipRanks
05/08/2024

About Draganfly 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 Draganfly or other stocks. Alpha measures the amount that position in Draganfly 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 Turnover12.159.074.03.87
Days Of Inventory On Hand280.656.56115.68100.82

Draganfly Upcoming Company Events

As portrayed in its financial statements, the presentation of Draganfly's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Draganfly's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Draganfly's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Draganfly. Please utilize our Beneish M Score to check the likelihood of Draganfly's management manipulating its earnings.
25th of March 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
25th 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 Draganfly

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.

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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Draganfly offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Draganfly's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Draganfly Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Draganfly Stock:
Check out Draganfly Backtesting, Draganfly Valuation, Draganfly Correlation, Draganfly Hype Analysis, Draganfly Volatility, Draganfly History and analyze Draganfly Performance.
To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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