Workhorse Group Stock Alpha and Beta Analysis
WKHS Stock | USD 0.16 0.01 6.67% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Workhorse Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Workhorse over a specified time horizon. Remember, high Workhorse'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 Workhorse's market risk premium analysis include:
Beta 1.74 | Alpha (0.80) | Risk 6.51 | Sharpe Ratio (0.11) | Expected Return (0.69) |
Enterprise Value |
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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.
Workhorse |
Workhorse Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Workhorse market risk premium is the additional return an investor will receive from holding Workhorse 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 Workhorse. 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 Workhorse's performance over market.α | -0.8 | β | 1.74 |
Workhorse 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 Workhorse's Buy-and-hold return. Our buy-and-hold chart shows how Workhorse performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Workhorse Market Price Analysis
Market price analysis indicators help investors to evaluate how Workhorse stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Workhorse shares will generate the highest return on investment. By understating and applying Workhorse stock market price indicators, traders can identify Workhorse position entry and exit signals to maximize returns.
Workhorse Return and Market Media
The median price of Workhorse for the period between Fri, Jan 26, 2024 and Thu, Apr 25, 2024 is 0.26 with a coefficient of variation of 19.78. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 0.25, and mean deviation of 0.04. The Stock received a lot of media exposure during the period. Price Growth (%) |
Timeline |
1 | Acquisition by James Peters of 410095 shares of Workhorse at 0.317 subject to Rule 16b-3 | 02/21/2024 |
2 | Disposition of 15230 shares by James Harrington of Workhorse at 0.2867 subject to Rule 16b-3 | 02/23/2024 |
3 | Workhorse Group Q4 2023 Earnings Preview | 03/11/2024 |
4 | All You Need to Know About Workhorse Rating Upgrade to Buy | 03/15/2024 |
5 | Workhorse enters into convertible notes transaction to boost liquidity | 03/19/2024 |
6 | Lordstown Motors ousted CEO settles with SEC for misleading investors | 03/22/2024 |
7 | Workhorse Forms Hammer Chart Pattern Time for Bottom Fishing | 03/26/2024 |
8 | Workhorse shares target cut by DA Davidson on Q4 financial result | 04/01/2024 |
9 | Disposition of 1412 shares by James Peters of Workhorse at 0.227 subject to Rule 16b-3 | 04/03/2024 |
10 | Renewed Nikola and Trevor Miltons soap opera | 04/05/2024 |
11 | Bankruptcy Alert 3 EV Stocks to Sell Now Before They Plunge | 04/10/2024 |
12 | WKHS Stock Price and Chart NASDAQWKHS - TradingView | 04/15/2024 |
13 | Disposition of 6150 shares by Joshua Anderson of Workhorse at 0.1613 subject to Rule 16b-3 | 04/19/2024 |
14 | Danger Zone 7 EV Stocks Poised for a Painful Plunge - InvestorPlace | 04/23/2024 |
About Workhorse 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 Workhorse or other stocks. Alpha measures the amount that position in Workhorse Group 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.
2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 16.88 | 3.17 | 3.08 | 2.58 | Days Of Inventory On Hand | 27.73 | 85.75 | 432.17 | 253.89 |
Workhorse Upcoming Company Events
As portrayed in its financial statements, the presentation of Workhorse's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Workhorse's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Workhorse's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Workhorse. Please utilize our Beneish M Score to check the likelihood of Workhorse's management manipulating its earnings.
6th of March 2024 Upcoming Quarterly Report | View | |
20th of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
6th of March 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 Workhorse
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Check out Workhorse Backtesting, Workhorse Valuation, Workhorse Correlation, Workhorse Hype Analysis, Workhorse Volatility, Workhorse History and analyze Workhorse Performance. Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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