Enlight Renewable Energy Stock Alpha and Beta Analysis
| ENLT Stock | 15.65 0.04 0.26% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Enlight Renewable Energy. It also helps investors analyze the systematic and unsystematic risks associated with investing in Enlight Renewable over a specified time horizon. Remember, high Enlight Renewable'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 Enlight Renewable's market risk premium analysis include:
Beta 0.97 | Alpha (0.13) | Risk 2.72 | Sharpe Ratio (0.01) | Expected Return (0.02) |
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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.
Enlight |
Enlight Renewable Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Enlight Renewable market risk premium is the additional return an investor will receive from holding Enlight Renewable 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 Enlight Renewable. 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 Enlight Renewable's performance over market.| α | -0.13 | β | 0.97 |
Enlight Renewable 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 Enlight Renewable's Buy-and-hold return. Our buy-and-hold chart shows how Enlight Renewable performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Enlight Renewable Market Price Analysis
Market price analysis indicators help investors to evaluate how Enlight Renewable stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enlight Renewable shares will generate the highest return on investment. By understating and applying Enlight Renewable stock market price indicators, traders can identify Enlight Renewable position entry and exit signals to maximize returns.
Enlight Renewable Return and Market Media
The median price of Enlight Renewable for the period between Thu, Jul 18, 2024 and Wed, Oct 16, 2024 is 16.09 with a coefficient of variation of 3.25. The daily time series for the period is distributed with a sample standard deviation of 0.52, arithmetic mean of 16.0, and mean deviation of 0.42. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Enlight Renewable Energy Shares Enter Oversold Territory - Nasdaq | 08/02/2024 |
2 | Enlight Renewable Energy Stock Price Down 3.3 percent - MarketBeat | 08/16/2024 |
3 | Learn to Evaluate using the Charts - Stock Traders Daily | 08/23/2024 |
4 | Enlight Renewable Energy Shares Up 2.6 percent - MarketBeat | 08/28/2024 |
5 | Enlight Renewable Energy Ltd Trading Down 5.2 percent on Sep 16 | 09/16/2024 |
6 | Enlight Renewable Energy Ltd Stock Price Up 4.72 percent on Sep 30 | 09/30/2024 |
7 | Enlight Renewable Energy Ltd Shares Up 5.17 percent on Oct 8 | 10/08/2024 |
8 | Enlight Renewable Energy Ltd Short Interest Up 34.3 percent in September | 10/15/2024 |
About Enlight Renewable 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 Enlight or other stocks. Alpha measures the amount that position in Enlight Renewable Energy 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 | 0.0167 | 0.0111 | Price To Sales Ratio | 8.66 | 8.61 |
Enlight Renewable Upcoming Company Events
As portrayed in its financial statements, the presentation of Enlight Renewable's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Enlight Renewable's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Enlight Renewable's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Enlight Renewable. Please utilize our Beneish M Score to check the likelihood of Enlight Renewable's management manipulating its earnings.
| 20th of March 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th 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 Enlight Renewable
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Additional Tools for Enlight Stock Analysis
When running Enlight Renewable's price analysis, check to measure Enlight Renewable'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 Enlight Renewable is operating at the current time. Most of Enlight Renewable's value examination focuses on studying past and present price action to predict the probability of Enlight Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enlight Renewable's price. Additionally, you may evaluate how the addition of Enlight Renewable to your portfolios can decrease your overall portfolio volatility.