Ensign (Germany) Alpha and Beta Analysis

EGB Stock  EUR 111.00  1.00  0.89%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as The Ensign Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Ensign over a specified time horizon. Remember, high Ensign'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 Ensign's market risk premium analysis include:
Beta
0.44
Alpha
(0.01)
Risk
1.26
Sharpe Ratio
(0.02)
Expected Return
(0.02)
Please note that although Ensign 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 Jones Industrial index.) So in this particular case, Ensign did 0.01  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 The Ensign Group stock's relative risk over its benchmark. Ensign Group has a beta of 0.44  . As returns on the market increase, Ensign's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ensign is expected to be smaller as well. .
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 Ensign Backtesting, Ensign Valuation, Ensign Correlation, Ensign Hype Analysis, Ensign Volatility, Ensign History and analyze Ensign Performance.

Ensign Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Ensign market risk premium is the additional return an investor will receive from holding Ensign 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 Ensign. 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 Ensign's performance over market.
α-0.01   β0.44

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

Ensign Market Price Analysis

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

Ensign Return and Market Media

The median price of Ensign for the period between Tue, Mar 26, 2024 and Mon, Jun 24, 2024 is 110.0 with a coefficient of variation of 1.78. The daily time series for the period is distributed with a sample standard deviation of 1.97, arithmetic mean of 110.16, and mean deviation of 1.49. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  
       Timeline  

About Ensign 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 Ensign or other stocks. Alpha measures the amount that position in Ensign Group 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.
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 Ensign 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, Ensign's short interest history, or implied volatility extrapolated from Ensign options trading.

Build Portfolio with Ensign

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

Additional Information and Resources on Investing in Ensign Stock

When determining whether Ensign Group is a strong investment it is important to analyze Ensign's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ensign's future performance. For an informed investment choice regarding Ensign Stock, refer to the following important reports:
Check out Ensign Backtesting, Ensign Valuation, Ensign Correlation, Ensign Hype Analysis, Ensign Volatility, Ensign History and analyze Ensign Performance.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Ensign 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 Ensign technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ensign 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...