Central Garden Pet Stock Alpha and Beta Analysis
| CENTA Stock | USD 31.60 0.47 1.47% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Central Garden Pet. It also helps investors analyze the systematic and unsystematic risks associated with investing in Central Garden over a specified time horizon. Remember, high Central Garden'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 Central Garden's market risk premium analysis include:
Beta 1.33 | Alpha (0.28) | Risk 1.63 | Sharpe Ratio (0.04) | Expected Return (0.07) |
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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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Central Garden Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Central Garden market risk premium is the additional return an investor will receive from holding Central Garden 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 Central Garden. 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 Central Garden's performance over market.| α | -0.28 | β | 1.33 |
Central Garden 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 Central Garden's Buy-and-hold return. Our buy-and-hold chart shows how Central Garden performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Central Garden Market Price Analysis
Market price analysis indicators help investors to evaluate how Central Garden stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Central Garden shares will generate the highest return on investment. By understating and applying Central Garden stock market price indicators, traders can identify Central Garden position entry and exit signals to maximize returns.
Central Garden Return and Market Media
The median price of Central Garden for the period between Sat, Aug 10, 2024 and Fri, Nov 8, 2024 is 32.1 with a coefficient of variation of 6.2. The daily time series for the period is distributed with a sample standard deviation of 1.97, arithmetic mean of 31.69, and mean deviation of 1.74. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Central Garden Pet Co Shares Up 3.42 percent on Sep 13 | 09/13/2024 |
2 | Acquisition by Nicholas Lahanas of 12240 shares of Central Garden at 30.94 subject to Rule 16b-3 | 09/25/2024 |
3 | Central Garden Pet names new CEO, CFO | 09/27/2024 |
4 | Are Investors Undervaluing Central Garden Pet Right Now | 09/30/2024 |
5 | Central Garden Pet Short Interest Down 10.7 percent in September | 10/01/2024 |
6 | Central Garden Pet Reaches New 12-Month Low - Heres What Happened - MarketBeat | 10/08/2024 |
7 | Q3 2024 Central Garden Pet Co Earnings Call Transcript | 10/09/2024 |
8 | Central Garden Pet Short Interest Update | 10/17/2024 |
9 | Vanguard Group Incs Strategic Reduction in Central Garden Pet Co Holdings | 11/05/2024 |
10 | Is Central Garden Pet Company The Best Pet Stock To Invest In According To Analysts | 11/07/2024 |
About Central Garden 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 Central or other stocks. Alpha measures the amount that position in Central Garden Pet 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) | Dividend Yield | 0.002927 | 0.002939 | Price To Sales Ratio | 0.0465 | 0.0442 |
Central Garden Upcoming Company Events
As portrayed in its financial statements, the presentation of Central Garden's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Central Garden's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Central Garden's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Central Garden. Please utilize our Beneish M Score to check the likelihood of Central Garden's management manipulating its earnings.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 18th of November 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
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Check out Central Garden Backtesting, Central Garden Valuation, Central Garden Correlation, Central Garden Hype Analysis, Central Garden Volatility, Central Garden History and analyze Central Garden Performance. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Central Garden 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.