This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ODP Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in ODP Corp over a specified time horizon. Remember, high ODP 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.
Please note that although ODP Corp 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, ODP Corp did 0.034847 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 ODP Corp stock's relative risk over its benchmark. ODP Corp has a beta of 1.24 . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ODP Corp will likely underperform. ODP Corp Book Value per Share is relatively stable at the moment as compared to the past year. ODP Corp reported last year Book Value per Share of 25.28. As of 10/02/2023, Enterprise Value over EBIT is likely to grow to 12.41, while Price to Book Value is likely to drop 1.32.
ODP Corp Quarterly Book Value per Share
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 ODP Corp Backtesting, ODP Corp Valuation, ODP Corp Correlation, ODP Corp Hype Analysis, ODP Corp Volatility, ODP Corp History and analyze ODP Corp Performance. To learn how to invest in ODP Stock, please use our How to Invest in ODP Corp guide.
ODP Corp Market PremiumsInvestors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ODP Corp market risk premium is the additional return an investor will receive from holding ODP 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 ODP 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 ODP Corp's performance over market.
ODP Corp expected buy-and-hold returnsAlthough buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of ODP Corp's Buy-and-hold return. Our buy-and-hold chart shows how ODP Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.
ODP Corp Market Price Analysis
Market price analysis indicators help investors to evaluate how ODP 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 ODP Corp shares will generate the highest return on investment. By understating and applying ODP Corp stock market price indicators, traders can identify ODP Corp position entry and exit signals to maximize returns.
ODP Corp Return and Market MediaThe median price of ODP Corp for the period between Tue, Jul 4, 2023 and Mon, Oct 2, 2023 is 48.13 with a coefficient of variation of 2.6. The daily time series for the period is distributed with a sample standard deviation of 1.25, arithmetic mean of 48.01, and mean deviation of 0.97. The Stock received substential amount of media coverage during this period.
About ODP Corp Beta and Alpha
ODP Corp Upcoming Company Events
As portrayed in its financial statements, the presentation of ODP Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ODP Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ODP Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ODP Corp. Please utilize our Beneish M Score to check the likelihood of ODP Corp's management manipulating its earnings.
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Check out ODP Corp Backtesting, ODP Corp Valuation, ODP Corp Correlation, ODP Corp Hype Analysis, ODP Corp Volatility, ODP Corp History and analyze ODP Corp Performance. To learn how to invest in ODP Stock, please use our How to Invest in ODP Corp guide. Note that the ODP Corp information on this page should be used as a complementary analysis to other ODP Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for ODP Stock analysis
When running ODP Corp's price analysis, check to measure ODP Corp'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 ODP Corp is operating at the current time. Most of ODP Corp's value examination focuses on studying past and present price action to predict the probability of ODP Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ODP Corp's price. Additionally, you may evaluate how the addition of ODP Corp to your portfolios can decrease your overall portfolio volatility.
ODP 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.