Nikolacorp Stock Alpha and Beta Analysis

NKLA Stock  USD 0.53  0  0.57%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NikolaCorp. It also helps investors analyze the systematic and unsystematic risks associated with investing in NikolaCorp over a specified time horizon. Remember, high NikolaCorp'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 NikolaCorp's market risk premium analysis include:
Beta
3.22
Alpha
(0.49)
Risk
6
Sharpe Ratio
(0.04)
Expected Return
(0.26)
Please note that although NikolaCorp 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, NikolaCorp did 0.49  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 NikolaCorp stock's relative risk over its benchmark. NikolaCorp has a beta of 3.22  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NikolaCorp will likely underperform. At present, NikolaCorp's Book Value Per Share is projected to increase slightly based on the last few years of reporting. The current year's Tangible Book Value Per Share is expected to grow to 1.39, whereas Enterprise Value Over EBITDA is forecasted to decline to (0.90).

Enterprise Value

492.85 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 NikolaCorp Backtesting, NikolaCorp Valuation, NikolaCorp Correlation, NikolaCorp Hype Analysis, NikolaCorp Volatility, NikolaCorp History and analyze NikolaCorp Performance.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.

NikolaCorp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NikolaCorp market risk premium is the additional return an investor will receive from holding NikolaCorp 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 NikolaCorp. 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 NikolaCorp's performance over market.
α-0.49   β3.22

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

NikolaCorp Market Price Analysis

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

NikolaCorp Return and Market Media

The median price of NikolaCorp for the period between Wed, Feb 21, 2024 and Tue, May 21, 2024 is 0.66 with a coefficient of variation of 18.73. The daily time series for the period is distributed with a sample standard deviation of 0.13, arithmetic mean of 0.71, and mean deviation of 0.1. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Disposition of 73500 shares by Russell Mark A of NikolaCorp at 2.308 subject to Rule 16b-3
03/26/2024
2
Nikola Corporation is Attracting Investor Attention Here is What You Should Know
04/03/2024
3
MM Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board o...
04/11/2024
4
Acquisition by Stephen Girsky of 78000 shares of NikolaCorp subject to Rule 16b-3
04/25/2024
5
Whats Going On With EV-Maker Nikolas Stock
04/30/2024
6
Nikola Q1 Earnings Snapshot
05/07/2024
7
Nikola Open To Flexible Pricing For Large Fleet Deals As EV Truck Maker Fishes For Bigger Customers Outside California
05/08/2024
8
1 Wall Street Analyst Thinks Nikola Stock Is Going to 0.50. Is It a Sell Around 0.58
05/09/2024
9
Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
05/10/2024
10
Nikola Stock Price Sits At A Pivotal Level As Risks Remain
05/16/2024

About NikolaCorp 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 NikolaCorp or other stocks. Alpha measures the amount that position in NikolaCorp 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.
 2023 2024 (projected)
Days Sales Outstanding277.01368.27
PTB Ratio0.970.92

NikolaCorp Upcoming Company Events

As portrayed in its financial statements, the presentation of NikolaCorp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NikolaCorp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NikolaCorp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NikolaCorp. Please utilize our Beneish M Score to check the likelihood of NikolaCorp's management manipulating its earnings.
22nd of February 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
22nd of February 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 NikolaCorp

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 NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp'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 Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:
Check out NikolaCorp Backtesting, NikolaCorp Valuation, NikolaCorp Correlation, NikolaCorp Hype Analysis, NikolaCorp Volatility, NikolaCorp History and analyze NikolaCorp Performance.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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NikolaCorp 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 NikolaCorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NikolaCorp 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...