Essa Bancorp Stock Alpha and Beta Analysis
| ESSA Stock | USD 17.34 0.17 0.99% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ESSA Bancorp. It also helps investors analyze the systematic and unsystematic risks associated with investing in ESSA Bancorp over a specified time horizon. Remember, high ESSA Bancorp'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 ESSA Bancorp's market risk premium analysis include:
Beta (0.08) | Alpha (0.08) | Risk 2.83 | Sharpe Ratio (0.01) | Expected Return (0.03) |
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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.
ESSA |
ESSA Bancorp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ESSA Bancorp market risk premium is the additional return an investor will receive from holding ESSA Bancorp 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 ESSA Bancorp. 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 ESSA Bancorp's performance over market.| α | -0.08 | β | -0.08 |
ESSA Bancorp 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 ESSA Bancorp's Buy-and-hold return. Our buy-and-hold chart shows how ESSA Bancorp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.ESSA Bancorp Market Price Analysis
Market price analysis indicators help investors to evaluate how ESSA Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ESSA Bancorp shares will generate the highest return on investment. By understating and applying ESSA Bancorp stock market price indicators, traders can identify ESSA Bancorp position entry and exit signals to maximize returns.
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ESSA Bancorp Return and Market Media
The median price of ESSA Bancorp for the period between Sun, Feb 11, 2024 and Sat, May 11, 2024 is 17.3 with a coefficient of variation of 3.44. The daily time series for the period is distributed with a sample standard deviation of 0.59, arithmetic mean of 17.29, and mean deviation of 0.47. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Imagine Espaol Meets ESSA Evidence Standard | 02/27/2024 |
2 | Disposition of 923 shares by Charles Hangen of ESSA Bancorp at 15.01 subject to Rule 16b-3 | 03/22/2024 |
3 | ESSA Pharma to Present at the 2024 Bloom Burton Co. Healthcare Investor Conference | 04/09/2024 |
4 | ESSA Bancorp, Inc. Short Interest Update - MarketBeat | 04/11/2024 |
5 | Disposition of 940 shares by Allan Muto of ESSA Bancorp at 19. subject to Rule 16b-3 | 04/15/2024 |
6 | Essa Bancorp Soars 7.1 percent Is Further Upside Left in the Stock | 04/16/2024 |
7 | ESSA Bancorp GAAP EPS of 0.48 beats by 0.13, revenue of 16.86M beats by 0.57M | 04/24/2024 |
8 | ESSA Stock Earnings ESSA Bancorp Beats EPS, Beats Revenue for Q2 2024 | 04/25/2024 |
9 | ESSA Bancorp Second Quarter 2024 Earnings Beats Expectations | 04/26/2024 |
10 | Nearpod Meets Level II ESSA Requirements, Positively Impacts Student Math and ELA Performance | 04/30/2024 |
11 | EVERFI from Blackbauds Prescription Drug Safety Course Certified as Meeting Rigorous ESSA Evidence Standards | 05/07/2024 |
About ESSA Bancorp 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 ESSA or other stocks. Alpha measures the amount that position in ESSA Bancorp 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 | 0.0279 | 0.0401 | 0.0361 | 0.0186 | Price To Sales Ratio | 2.77 | 2.11 | 45.44 | 47.71 |
ESSA Bancorp Upcoming Company Events
As portrayed in its financial statements, the presentation of ESSA Bancorp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ESSA Bancorp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ESSA Bancorp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ESSA Bancorp. Please utilize our Beneish M Score to check the likelihood of ESSA Bancorp's management manipulating its earnings.
| 24th of April 2024 Upcoming Quarterly Report | View | |
| 24th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 23rd of October 2024 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
Build Portfolio with ESSA Bancorp
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 ESSA Bancorp Backtesting, ESSA Bancorp Valuation, ESSA Bancorp Correlation, ESSA Bancorp Hype Analysis, ESSA Bancorp Volatility, ESSA Bancorp History and analyze ESSA Bancorp Performance. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for ESSA Stock analysis
When running ESSA Bancorp's price analysis, check to measure ESSA Bancorp'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 ESSA Bancorp is operating at the current time. Most of ESSA Bancorp's value examination focuses on studying past and present price action to predict the probability of ESSA Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESSA Bancorp's price. Additionally, you may evaluate how the addition of ESSA Bancorp to your portfolios can decrease your overall portfolio volatility.
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ESSA Bancorp 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.