Himax Stock Alpha and Beta Analysis

HIMX
 Stock
  

USD 6.96  0.14  1.97%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Himax Technologies. It also helps investors analyze the systematic and unsystematic risks associated with investing in Himax Technologies over a specified time horizon. Remember, high Himax Technologies' 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.
Please check Himax Technologies Backtesting, Himax Technologies Valuation, Himax Technologies Correlation, Himax Technologies Hype Analysis, Himax Technologies Volatility, Himax Technologies History and analyze Himax Technologies Performance.
  
Please note that although Himax Technologies 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, Himax Technologies did 0.19  better 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 Himax Technologies stock's relative risk over its benchmark. Himax Technologies has a beta of 1.64  . Let's try to break down what Himax's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Himax Technologies will likely underperform.
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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.

Himax Technologies Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Himax Technologies market risk premium is the additional return an investor will receive from holding Himax Technologies 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 Himax Technologies. 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 Himax Technologies' performance over market.
α0.19   β1.64
90 days against NYA

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

Himax Technologies Market Price Analysis

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

Himax Technologies Return and Market Media

The median price of Himax Technologies for the period between Thu, Sep 8, 2022 and Wed, Dec 7, 2022 is 5.74 with a coefficient of variation of 12.73. The daily time series for the period is distributed with a sample standard deviation of 0.76, arithmetic mean of 5.96, and mean deviation of 0.63. The Stock received some media coverage during the period.
 Price Growth (%)  
       Timeline  
1
Himax Technologies, Inc. Given Consensus Rating of Hold by B...09/15/2022
2
EPS Estimate09/30/2022
3
EPS Reported11/10/2022

About Himax Technologies 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 Himax or other stocks. Alpha measures the amount that position in Himax Technologies 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.

Himax Technologies Upcoming Company Events

As portrayed in its financial statements, the presentation of Himax Technologies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Himax Technologies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Himax Technologies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Himax Technologies. Please utilize our Beneish M Score to check the likelihood of Himax Technologies' management manipulating its earnings.
Upcoming Quarterly Report3rd of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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