Canadian Solar Stock Alpha and Beta Analysis
| CSIQ Stock | USD 17.39 0.94 5.13% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canadian Solar. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canadian Solar over a specified time horizon. Remember, high Canadian Solar'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 Canadian Solar's market risk premium analysis include:
Beta 1.58 | Alpha (0.18) | Risk 4.11 | Sharpe Ratio (0.04) | Expected Return (0.16) |
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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.
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Canadian Solar Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canadian Solar market risk premium is the additional return an investor will receive from holding Canadian Solar 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 Canadian Solar. 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 Canadian Solar's performance over market.| α | -0.18 | β | 1.58 |
Canadian Solar 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 Canadian Solar's Buy-and-hold return. Our buy-and-hold chart shows how Canadian Solar performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canadian Solar Market Price Analysis
Market price analysis indicators help investors to evaluate how Canadian Solar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Solar shares will generate the highest return on investment. By understating and applying Canadian Solar stock market price indicators, traders can identify Canadian Solar position entry and exit signals to maximize returns.
Canadian Solar Return and Market Media
The median price of Canadian Solar for the period between Tue, Mar 12, 2024 and Mon, Jun 10, 2024 is 17.66 with a coefficient of variation of 10.13. The daily time series for the period is distributed with a sample standard deviation of 1.79, arithmetic mean of 17.67, and mean deviation of 1.54. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Solar Storm Takes The Shine Off JinkoSolar | 03/22/2024 |
2 | Silent Surge The 3 Stocks Quietly Making Millionaires | 04/16/2024 |
3 | FY2025 EPS Estimates for Canadian Solar Inc. Lifted by Analyst - MarketBeat | 05/03/2024 |
4 | Canadian Solar Inc. Q1 2024 Earnings Call Transcript | 05/10/2024 |
5 | The 3 Most Undervalued Renewable Energy Stocks to Buy in May 2024 | 05/14/2024 |
6 | Enphase Energy Unveils IQ8 Microinverters in Finland | 05/22/2024 |
7 | Recurrent Energy secures 1.41bn to boost portfolio in Europe | 05/24/2024 |
8 | Enphase Energy Begins IQ Battery 5P Shipment in Mexico | 05/29/2024 |
9 | Enphase Energy NEM 3.0 Sees High Distribution in California | 05/31/2024 |
10 | Recurrent Energy Marks Initial Closing of BlackRock Investment | 06/03/2024 |
11 | The 2027 Millionaires Club 3 Solar Stocks to Buy Now | 06/06/2024 |
12 | 2 Top Stocks to Buy on the Dip Before They Skyrocket | 06/07/2024 |
About Canadian Solar 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 Canadian or other stocks. Alpha measures the amount that position in Canadian Solar 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.
| 2023 | 2024 (projected) | PTB Ratio | 0.67 | 0.64 | Dividend Yield | 9.77E-4 | 9.28E-4 |
Canadian Solar Upcoming Company Events
As portrayed in its financial statements, the presentation of Canadian Solar's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canadian Solar's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Canadian Solar's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Canadian Solar. Please utilize our Beneish M Score to check the likelihood of Canadian Solar's management manipulating its earnings.
| 19th of March 2024 Upcoming Quarterly Report | View | |
| 16th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 19th of March 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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Additional Tools for Canadian Stock Analysis
When running Canadian Solar's price analysis, check to measure Canadian Solar'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 Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.