908 Devices Stock Alpha and Beta Analysis
| MASS Stock | USD 6.56 0.86 15.09% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as 908 Devices. It also helps investors analyze the systematic and unsystematic risks associated with investing in 908 Devices over a specified time horizon. Remember, high 908 Devices' 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 908 Devices' market risk premium analysis include:
Beta 3.19 | Alpha (0.28) | Risk 3.8 | Sharpe Ratio (0.03) | Expected Return (0.13) |
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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908 Devices Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. 908 Devices market risk premium is the additional return an investor will receive from holding 908 Devices 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 908 Devices. 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 908 Devices' performance over market.| α | -0.28 | β | 3.19 |
908 Devices 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 908 Devices' Buy-and-hold return. Our buy-and-hold chart shows how 908 Devices performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.908 Devices Market Price Analysis
Market price analysis indicators help investors to evaluate how 908 Devices stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 908 Devices shares will generate the highest return on investment. By understating and applying 908 Devices stock market price indicators, traders can identify 908 Devices position entry and exit signals to maximize returns.
908 Devices Return and Market Media
The median price of 908 Devices for the period between Wed, Feb 14, 2024 and Tue, May 14, 2024 is 6.7 with a coefficient of variation of 10.18. The daily time series for the period is distributed with a sample standard deviation of 0.67, arithmetic mean of 6.55, and mean deviation of 0.57. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Acquisition by Christopher Brown of 43965 shares of 908 Devices subject to Rule 16b-3 | 03/01/2024 |
2 | THE MOST ADVANCED HYDROGEN ELECTRIC POWER GENERATOR GREEN TECHNOLOGY WILL BE MASS PRODUCED IN POLAND FOR THE EUROPEAN UNION | 03/05/2024 |
3 | Samenvatting Chemische sporenidentificatietechnologie van 908 Devices toegepast door Europese agentschappen | 03/12/2024 |
4 | Disposition of 8437 shares by Griffith Joseph H. Iv of 908 Devices at 1.58 subject to Rule 16b-3 | 03/26/2024 |
5 | Disposition of 3600 shares by Christopher Brown of 908 Devices at 1.75 subject to Rule 16b-3 | 04/01/2024 |
6 | George Floyds uncle speaking at Harvard University on April 18 | 04/16/2024 |
7 | 908 Devices acquires RedWave Technology | 04/30/2024 |
8 | Sarepta Therapeutics Q1 Earnings Snapshot | 05/01/2024 |
9 | Agios Pharmaceuticals Q1 Earnings Snapshot | 05/02/2024 |
10 | Enanta Pharmaceuticals Fiscal Q2 Earnings Snapshot | 05/06/2024 |
11 | Seres Therapeutics Q1 Earnings Snapshot | 05/08/2024 |
12 | Black Diamond Q1 Earnings Snapshot | 05/09/2024 |
13 | Acquisition by Kevin Knopp of 10000 shares of 908 Devices at 6.42 subject to Rule 16b-3 | 05/13/2024 |
About 908 Devices 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 908 or other stocks. Alpha measures the amount that position in 908 Devices 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.
908 Devices Upcoming Company Events
As portrayed in its financial statements, the presentation of 908 Devices' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, 908 Devices' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of 908 Devices' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of 908 Devices. Please utilize our Beneish M Score to check the likelihood of 908 Devices' management manipulating its earnings.
| 5th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 5th 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 908 Devices
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 908 Devices Backtesting, 908 Devices Valuation, 908 Devices Correlation, 908 Devices Hype Analysis, 908 Devices Volatility, 908 Devices History and analyze 908 Devices Performance. For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for 908 Stock analysis
When running 908 Devices' price analysis, check to measure 908 Devices' 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 908 Devices is operating at the current time. Most of 908 Devices' value examination focuses on studying past and present price action to predict the probability of 908 Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 908 Devices' price. Additionally, you may evaluate how the addition of 908 Devices to your portfolios can decrease your overall portfolio volatility.
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908 Devices 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.