Zynex Inc Stock Alpha and Beta Analysis
| ZYXI Stock | USD 9.26 0.33 3.44% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Zynex Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Zynex over a specified time horizon. Remember, high Zynex'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 Zynex's market risk premium analysis include:
Beta (0.01) | Alpha (0.41) | Risk 2.33 | Sharpe Ratio (0.20) | Expected Return (0.47) |
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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.
Zynex |
Zynex Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Zynex market risk premium is the additional return an investor will receive from holding Zynex 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 Zynex. 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 Zynex's performance over market.| α | -0.41 | β | -0.0073 |
Zynex 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 Zynex's Buy-and-hold return. Our buy-and-hold chart shows how Zynex performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Zynex Market Price Analysis
Market price analysis indicators help investors to evaluate how Zynex stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zynex shares will generate the highest return on investment. By understating and applying Zynex stock market price indicators, traders can identify Zynex position entry and exit signals to maximize returns.
Zynex Return and Market Media
The median price of Zynex for the period between Wed, Mar 13, 2024 and Tue, Jun 11, 2024 is 11.45 with a coefficient of variation of 9.03. The daily time series for the period is distributed with a sample standard deviation of 1.04, arithmetic mean of 11.48, and mean deviation of 0.91. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 191 shares by Daniel Moorhead of Zynex at 12.83 subject to Rule 16b-3 | 03/22/2024 |
2 | Disposition of 2268 shares by Thomas Sandgaard of Zynex at 12.74 subject to Rule 16b-3 | 03/25/2024 |
3 | Denali Advisors LLC Sells 42700 Shares of Zynex, Inc. - Defense World | 04/01/2024 |
4 | Acquisition by Anna Lucsok of 5000 shares of Zynex subject to Rule 16b-3 | 04/26/2024 |
5 | Disposition of 2395 shares by Anna Lucsok of Zynex at 11.45 subject to Rule 16b-3 | 04/29/2024 |
6 | Zynex Reports First Quarter 2024 Financial Results | 04/30/2024 |
7 | Zynex, Inc. Q1 2024 Earnings Call Transcript | 05/02/2024 |
8 | Earnings Update Heres Why Analysts Just Lifted Their Zynex, Inc. Price Target To US19.88 | 05/03/2024 |
9 | 3 Reasons Growth Investors Will Love Zynex | 05/07/2024 |
10 | Are Investors Undervaluing Zynex Right Now | 05/09/2024 |
11 | Zynex, Inc. The Best Of Both Worlds - Yahoo Movies UK | 05/13/2024 |
12 | Acquisition by Disbrow Joshua R. of 10000 shares of Zynex subject to Rule 16b-3 | 05/16/2024 |
13 | Zynex is an Incredible Growth Stock 3 Reasons Why | 05/23/2024 |
14 | 5 takeaways from STATs look at unwanted supplies and surprise bills from device maker Zynex Medical | 06/04/2024 |
15 | Disposition of 44 shares by Daniel Moorhead of Zynex at 9.64 subject to Rule 16b-3 | 06/05/2024 |
About Zynex 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 Zynex or other stocks. Alpha measures the amount that position in Zynex Inc 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.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006752 | 8.0E-6 | 7.0E-6 | Price To Sales Ratio | 3.38 | 2.1 | 2.0 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Zynex in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Zynex's short interest history, or implied volatility extrapolated from Zynex options trading.
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Additional Information and Resources on Investing in Zynex Stock
When determining whether Zynex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zynex'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 Zynex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zynex Inc Stock:Check out Zynex Backtesting, Zynex Valuation, Zynex Correlation, Zynex Hype Analysis, Zynex Volatility, Zynex History and analyze Zynex Performance. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Zynex 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.