Nikola Corp Stock Alpha and Beta Analysis
| NKLA Stock | USD 1.25 0.04 3.31% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nikola Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nikola Corp over a specified time horizon. Remember, high Nikola Corp'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 Nikola Corp's market risk premium analysis include:
Beta 1.48 | Alpha (1.94) | Risk 7.24 | Sharpe Ratio (0.27) | Expected Return (1.92) |
Enterprise Value |
|
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.
Nikola |
Nikola Corp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nikola Corp market risk premium is the additional return an investor will receive from holding Nikola Corp 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 Nikola Corp. 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 Nikola Corp's performance over market.| α | -1.94 | β | 1.48 |
Nikola Corp 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 Nikola Corp's Buy-and-hold return. Our buy-and-hold chart shows how Nikola Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nikola Corp Market Price Analysis
Market price analysis indicators help investors to evaluate how Nikola Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nikola Corp shares will generate the highest return on investment. By understating and applying Nikola Corp stock market price indicators, traders can identify Nikola Corp position entry and exit signals to maximize returns.
Nikola Corp Return and Market Media
The median price of Nikola Corp for the period between Fri, Sep 20, 2024 and Thu, Dec 19, 2024 is 3.82 with a coefficient of variation of 39.8. The daily time series for the period is distributed with a sample standard deviation of 1.33, arithmetic mean of 3.35, and mean deviation of 1.19. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Insider Trading | 10/23/2024 |
2 | Nikola Corp Q3 2024 Earnings Revenue at 25.18M, EPS Loss of 3.89, Misses Estimates | 10/31/2024 |
3 | Nikola Q3 2024 Earnings Call Transcript | 11/01/2024 |
4 | Disposition of 75000 shares by Russell Mark A of Nikola Corp subject to Rule 16b-3 | 11/04/2024 |
5 | Vanguard Group Incs Strategic Reduction in Nikola Corp Holdings | 11/05/2024 |
6 | Disposition of 1396 shares by Thomas Okray of Nikola Corp at 6.1766 subject to Rule 16b-3 | 11/07/2024 |
7 | 2 No-Brainer Hydrogen Stocks to Buy With 200 Right Now | 11/12/2024 |
8 | Nikola leader talks future of hydrogen-powered trucks in US | 11/19/2024 |
9 | Disposition of 546 shares by Dirk Hoefelmann of Nikola Corp at 1.6821 subject to Rule 16b-3 | 12/04/2024 |
10 | Whats Going On With Nikola Stock | 12/10/2024 |
11 | Acquisition by Vesco John C of 333000 shares of Nikola Corp subject to Rule 16b-3 | 12/18/2024 |
About Nikola Corp 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 Nikola or other stocks. Alpha measures the amount that position in Nikola Corp 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) | Days Sales Outstanding | 277.01 | 367.58 | PTB Ratio | 0.97 | 0.92 |
Nikola Corp Upcoming Company Events
As portrayed in its financial statements, the presentation of Nikola Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nikola Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nikola Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nikola Corp. Please utilize our Beneish M Score to check the likelihood of Nikola Corp's management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd 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 Nikola Corp
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 Nikola Corp Backtesting, Nikola Corp Valuation, Nikola Corp Correlation, Nikola Corp Hype Analysis, Nikola Corp Volatility, Nikola Corp History and analyze Nikola Corp Performance. For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock 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..
Nikola Corp 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.