Select Medical Holdings Stock Alpha and Beta Analysis

SEM Stock  USD 30.15  0.70  2.38%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Select Medical Holdings. It also helps investors analyze the systematic and unsystematic risks associated with investing in Select Medical over a specified time horizon. Remember, high Select Medical'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 Select Medical's market risk premium analysis include:
Beta
1.46
Alpha
0.17
Risk
2.39
Sharpe Ratio
0.17
Expected Return
0.41
Please note that although Select Medical 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, Select Medical did 0.17  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 Select Medical Holdings stock's relative risk over its benchmark. Select Medical Holdings has a beta of 1.46  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Select Medical will likely underperform. As of the 29th of March 2024, Price Book Value Ratio is likely to grow to 2.36. Also, Enterprise Value Multiple is likely to grow to 9.88.

Select Medical Quarterly Cash And Equivalents

77.44 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 Select Medical Backtesting, Select Medical Valuation, Select Medical Correlation, Select Medical Hype Analysis, Select Medical Volatility, Select Medical History and analyze Select Medical Performance.

Select Medical Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Select Medical market risk premium is the additional return an investor will receive from holding Select Medical 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 Select Medical. 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 Select Medical's performance over market.
α0.17   β1.46

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

Select Medical Market Price Analysis

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

Select Medical Return and Market Media

The median price of Select Medical for the period between Sat, Dec 30, 2023 and Fri, Mar 29, 2024 is 26.69 with a coefficient of variation of 5.66. The daily time series for the period is distributed with a sample standard deviation of 1.52, arithmetic mean of 26.85, and mean deviation of 1.17. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Select Medical Unveils Separation Plan for Concentra
01/04/2024
2
Principal Financial Group Inc. Sells 87531 Shares of Select Medical Holdings Co. - MarketBeat
01/23/2024
3
Select Medical Holdings Corporation Announces Results For Its Fourth Quarter and Year Ended December 31, 2023 and Cash Dividend
02/22/2024
4
Select Medical Holdings Will Pay A Dividend Of 0.125
02/27/2024
5
Trexquant Investment LP Raises Holdings in Select Medical Holdings Co. - MarketBeat
02/29/2024
6
Select Medical Solid Growth Prospects And A Compelling Valuation - Seeking Alpha
03/05/2024
 
Select Medical dividend paid on 13th of March 2024
03/13/2024
7
Is Now An Opportune Moment To Examine Select Medical Holdings Corporation
03/14/2024
8
Concentra Announces Confidential Submission of Draft Registration Statement Related to Proposed Public Offering
03/18/2024
9
Acquisition by Rocco Ortenzio of 346368 shares of Select Medical subject to Rule 16b-3
03/25/2024
10
Select Medical Holdings Corporation Delivered A Better ROE Than Its Industry
03/28/2024

About Select Medical 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 Select or other stocks. Alpha measures the amount that position in Select Medical Holdings 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.
 2020 2022 2023 (projected)
Dividend Yield0.01320.02120.0221
Price To Sales Ratio0.650.480.43

Select Medical Upcoming Company Events

As portrayed in its financial statements, the presentation of Select Medical's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Select Medical's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Select Medical's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Select Medical. Please utilize our Beneish M Score to check the likelihood of Select Medical's management manipulating its earnings.
22nd of February 2024
Upcoming Quarterly Report
View
2nd 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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When determining whether Select Medical Holdings is a strong investment it is important to analyze Select Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Select Medical's future performance. For an informed investment choice regarding Select Stock, refer to the following important reports:
Check out Select Medical Backtesting, Select Medical Valuation, Select Medical Correlation, Select Medical Hype Analysis, Select Medical Volatility, Select Medical History and analyze Select Medical Performance.
Note that the Select Medical Holdings information on this page should be used as a complementary analysis to other Select Medical'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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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