Nikola Corp Stock Alpha and Beta Analysis
| NKLA Stock | USD 9.33 0.05 0.53% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nikola Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nikola Corp over a specified time horizon. Remember, high Nikola Corp'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 Nikola Corp's market risk premium analysis include:
Beta 0.22 | Alpha (0.88) | Risk 6.54 | Sharpe Ratio (0.15) | Expected Return (0.96) |
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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.
Nikola |
Nikola Corp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nikola Corp market risk premium is the additional return an investor will receive from holding Nikola Corp 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 Nikola Corp. 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 Nikola Corp's performance over market.| α | -0.88 | β | 0.22 |
Nikola Corp 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 Nikola Corp's Buy-and-hold return. Our buy-and-hold chart shows how Nikola Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nikola Corp Market Price Analysis
Market price analysis indicators help investors to evaluate how Nikola Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nikola Corp shares will generate the highest return on investment. By understating and applying Nikola Corp stock market price indicators, traders can identify Nikola Corp position entry and exit signals to maximize returns.
Nikola Corp Return and Market Media
The median price of Nikola Corp for the period between Sun, Apr 28, 2024 and Sat, Jul 27, 2024 is 15.1 with a coefficient of variation of 27.33. The daily time series for the period is distributed with a sample standard deviation of 3.75, arithmetic mean of 13.73, and mean deviation of 3.41. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 17030 shares by Dirk Hoefelmann of Nikola Corp at 0.5114 subject to Rule 16b-3 | 06/04/2024 |
2 | Whats Going On With Nikola Shares Today | 06/21/2024 |
3 | EV-Maker Nikolas Stock Hits New All-Time Low Whats Going On | 07/01/2024 |
4 | Nikola stock price forecast as it gets severely oversold | 07/02/2024 |
5 | Whats Going On With Nikola Stock Tuesday | 07/09/2024 |
6 | Betting on Nikola Stock Why This EV Rally Could End in Tears. | 07/10/2024 |
7 | What the Options Market Tells Us About Nikola | 07/11/2024 |
8 | 5 or 25 Prepare for All Outcomes With Nikola Stock. | 07/17/2024 |
9 | Is Nikola a Millionaire Maker | 07/25/2024 |
About Nikola Corp 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 Nikola or other stocks. Alpha measures the amount that position in Nikola 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.
| 2023 | 2024 (projected) | Days Sales Outstanding | 277.01 | 368.27 | PTB Ratio | 29.19 | 27.73 |
Nikola Corp Upcoming Company Events
As portrayed in its financial statements, the presentation of Nikola Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nikola Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nikola Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nikola Corp. Please utilize our Beneish M Score to check the likelihood of Nikola Corp'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 |
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Additional Information and Resources on Investing in Nikola Stock
When determining whether Nikola Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nikola Corp'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 Nikola Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikola Corp Stock:Check out Nikola Corp Backtesting, Nikola Corp Valuation, Nikola Corp Correlation, Nikola Corp Hype Analysis, Nikola Corp Volatility, Nikola Corp History and analyze Nikola Corp Performance. For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Nikola Corp 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.