Goodfood Market Corp Stock Alpha and Beta Analysis
| FOOD Stock | CAD 0.30 0.03 9.09% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Goodfood Market Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Goodfood Market over a specified time horizon. Remember, high Goodfood Market'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 Goodfood Market's market risk premium analysis include:
Beta (1.75) | Alpha 0.56 | Risk 3.4 | Sharpe Ratio 0.066 | Expected Return 0.22 |
Goodfood Market Quarterly Cash And Equivalents |
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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.
Goodfood |
Goodfood Market Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Goodfood Market market risk premium is the additional return an investor will receive from holding Goodfood Market 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 Goodfood Market. 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 Goodfood Market's performance over market.| α | 0.56 | β | -1.75 |
Goodfood Market 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 Goodfood Market's Buy-and-hold return. Our buy-and-hold chart shows how Goodfood Market performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Goodfood Market Market Price Analysis
Market price analysis indicators help investors to evaluate how Goodfood Market stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodfood Market shares will generate the highest return on investment. By understating and applying Goodfood Market stock market price indicators, traders can identify Goodfood Market position entry and exit signals to maximize returns.
Goodfood Market Return and Market Media
The median price of Goodfood Market for the period between Fri, Feb 16, 2024 and Thu, May 16, 2024 is 0.27 with a coefficient of variation of 10.8. The daily time series for the period is distributed with a sample standard deviation of 0.03, arithmetic mean of 0.28, and mean deviation of 0.03. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Goodfood Market Shares Down 21.9 percent - Defense World | 03/08/2024 |
2 | Closing Bell Goodfood Market Corp. 5.75 percent down on Monday - The Globe and Mail | 03/25/2024 |
3 | Goodfood Market to Unveil Q2 2024 Financials - TipRanks.com - TipRanks | 04/10/2024 |
4 | Q2 2024 Goodfood Market Corp Earnings Call Transcript - GuruFocus.com | 04/17/2024 |
5 | Closing Bell Goodfood Market Corp down on Thursday - The Globe and Mail | 04/25/2024 |
6 | Goodfood Market Trading 10 percent Higher - Defense World | 05/10/2024 |
About Goodfood Market 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 Goodfood or other stocks. Alpha measures the amount that position in Goodfood Market Corp 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 Turnover | 11.93 | 5.73 | 5.16 | 5.84 | Days Of Inventory On Hand | 12.53 | 11.61 | 10.45 | 10.14 |
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 Goodfood Market 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, Goodfood Market's short interest history, or implied volatility extrapolated from Goodfood Market options trading.
Build Portfolio with Goodfood Market
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 Goodfood Market Backtesting, Goodfood Market Valuation, Goodfood Market Correlation, Goodfood Market Hype Analysis, Goodfood Market Volatility, Goodfood Market History and analyze Goodfood Market Performance. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Goodfood Stock analysis
When running Goodfood Market's price analysis, check to measure Goodfood Market'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 Goodfood Market is operating at the current time. Most of Goodfood Market's value examination focuses on studying past and present price action to predict the probability of Goodfood Market's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodfood Market's price. Additionally, you may evaluate how the addition of Goodfood Market to your portfolios can decrease your overall portfolio volatility.
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Goodfood Market 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.