EargoInc Alpha and Beta Analysis
| EARDelisted Stock | USD 2.57 0.05 1.91% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as EargoInc. It also helps investors analyze the systematic and unsystematic risks associated with investing in EargoInc over a specified time horizon. Remember, high EargoInc'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 EargoInc's market risk premium analysis include:
Beta (0.13) | Alpha 0.0196 | Risk 2.01 | Sharpe Ratio (0.20) | Expected Return (0.40) |
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.
EargoInc |
EargoInc Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. EargoInc market risk premium is the additional return an investor will receive from holding EargoInc 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 EargoInc. 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 EargoInc's performance over market.| α | 0.02 | β | -0.13 |
EargoInc Fundamentals Vs Peers
Comparing EargoInc's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze EargoInc's direct or indirect competition across all of the common fundamentals between EargoInc and the related equities. This way, we can detect undervalued stocks with similar characteristics as EargoInc or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of EargoInc's fundamental indicators could also be used in its relative valuation, which is a method of valuing EargoInc by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare EargoInc to competition |
| Fundamentals | EargoInc | Peer Average |
| Return On Equity | -24.57 | -0.31 |
| Return On Asset | -0.6 | -0.14 |
| Profit Margin | (2.63) % | (1.27) % |
| Operating Margin | (2.06) % | (5.51) % |
| Current Valuation | 14.99 M | 16.62 B |
| Shares Outstanding | 20.76 M | 571.82 M |
| Shares Owned By Insiders | 5.42 % | 10.09 % |
EargoInc Opportunities
EargoInc Return and Market Media
The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | SHAREHOLDER ALERT Levi Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Eargo, Inc. | 11/30/2023 |
2 | PRECISION HEALTH SOLUTIONS EXPANDS DIAGNOSTIC CAPABILITIES WITH THE INTRODUCTION OF SINUS, EAR, THROAT PCR PANEL | 12/08/2023 |
3 | Please Do Not Stick a Camera Down Your Ear | 01/03/2024 |
4 | Eargo Debuts Two New Devices, Expanding Portfolio of Hearing Wellness Offerings | 01/31/2024 |
About EargoInc 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 EargoInc or other delisted stocks. Alpha measures the amount that position in EargoInc 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.
EargoInc Upcoming Company Events
As portrayed in its financial statements, the presentation of EargoInc's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, EargoInc's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of EargoInc's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of EargoInc. Please utilize our Beneish M Score to check the likelihood of EargoInc's management manipulating its earnings.
| 28th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Build Portfolio with EargoInc
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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the EargoInc information on this page should be used as a complementary analysis to other EargoInc'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 the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Consideration for investing in EargoInc Stock
If you are still planning to invest in EargoInc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the EargoInc's history and understand the potential risks before investing.
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