Churchill Downs Incorporated Stock Alpha and Beta Analysis
| CHDN Stock | USD 132.99 1.61 1.20% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Churchill Downs Incorporated. It also helps investors analyze the systematic and unsystematic risks associated with investing in Churchill Downs over a specified time horizon. Remember, high Churchill Downs' 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 Churchill Downs' market risk premium analysis include:
Beta 1.01 | Alpha 0.12 | Risk 1.63 | Sharpe Ratio 0.0984 | Expected Return 0.16 |
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.
Churchill |
Churchill Downs Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Churchill Downs market risk premium is the additional return an investor will receive from holding Churchill Downs 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 Churchill Downs. 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 Churchill Downs' performance over market.| α | 0.12 | β | 1.01 |
Churchill Downs 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 Churchill Downs' Buy-and-hold return. Our buy-and-hold chart shows how Churchill Downs performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Churchill Downs Market Price Analysis
Market price analysis indicators help investors to evaluate how Churchill Downs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Churchill Downs shares will generate the highest return on investment. By understating and applying Churchill Downs stock market price indicators, traders can identify Churchill Downs position entry and exit signals to maximize returns.
Churchill Downs Return and Market Media
The median price of Churchill Downs for the period between Mon, Feb 26, 2024 and Sun, May 26, 2024 is 123.02 with a coefficient of variation of 6.22. The daily time series for the period is distributed with a sample standard deviation of 7.75, arithmetic mean of 124.47, and mean deviation of 6.43. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | For the first time, a Japanese horse hit the board in the Ky. Derby. A win will come soon. | 05/06/2024 |
2 | Acquisition by Bradley Blackwell of 2202 shares of Churchill Downs subject to Rule 16b-3 | 05/08/2024 |
3 | Kentucky Derby stretch duel results in fine for jockey Tyler Gaffalione, but no suspension | 05/10/2024 |
4 | Belmont Stakes tickets Cheapest seats for the race on June 8, 2024 | 05/15/2024 |
5 | KENTUCKY DERBY 150 A RECORD-BREAKING CELEBRATION | 05/17/2024 |
6 | How the GOP Liberty vs. mainstream GOP battle is playing out in 2024 KY primaries | 05/20/2024 |
7 | CHURCHILL DOWNS NAMED ONE OF THE 2024 BEST VENUES BY FRONT OFFICE SPORTS | 05/22/2024 |
About Churchill Downs 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 Churchill or other stocks. Alpha measures the amount that position in Churchill Downs 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) | Dividend Yield | 0.002667 | 0.003245 | 0.002671 | 0.002537 | Price To Sales Ratio | 5.82 | 4.43 | 4.12 | 4.33 |
Churchill Downs Upcoming Company Events
As portrayed in its financial statements, the presentation of Churchill Downs' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Churchill Downs' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Churchill Downs' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Churchill Downs. Please utilize our Beneish M Score to check the likelihood of Churchill Downs' management manipulating its earnings.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 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 Churchill Downs
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Churchill Downs Backtesting, Churchill Downs Valuation, Churchill Downs Correlation, Churchill Downs Hype Analysis, Churchill Downs Volatility, Churchill Downs History and analyze Churchill Downs Performance. Note that the Churchill Downs information on this page should be used as a complementary analysis to other Churchill Downs' 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Churchill Stock analysis
When running Churchill Downs' price analysis, check to measure Churchill Downs' 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 Churchill Downs is operating at the current time. Most of Churchill Downs' value examination focuses on studying past and present price action to predict the probability of Churchill Downs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Downs' price. Additionally, you may evaluate how the addition of Churchill Downs to your portfolios can decrease your overall portfolio volatility.
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Churchill Downs 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.