Karooooo Stock Alpha and Beta Analysis
| KARO Stock | USD 41.35 0.84 2.07% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Karooooo. It also helps investors analyze the systematic and unsystematic risks associated with investing in Karooooo over a specified time horizon. Remember, high Karooooo'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 Karooooo's market risk premium analysis include:
Beta 1.18 | Alpha 0.0538 | Risk 3.96 | Sharpe Ratio 0.0743 | Expected Return 0.29 |
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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.
Karooooo |
Karooooo Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Karooooo market risk premium is the additional return an investor will receive from holding Karooooo 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 Karooooo. 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 Karooooo's performance over market.| α | 0.05 | β | 1.18 |
Karooooo 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 Karooooo's Buy-and-hold return. Our buy-and-hold chart shows how Karooooo performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Karooooo Market Price Analysis
Market price analysis indicators help investors to evaluate how Karooooo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Karooooo shares will generate the highest return on investment. By understating and applying Karooooo stock market price indicators, traders can identify Karooooo position entry and exit signals to maximize returns.
Karooooo Return and Market Media
The median price of Karooooo for the period between Sun, Aug 25, 2024 and Sat, Nov 23, 2024 is 39.62 with a coefficient of variation of 4.44. The daily time series for the period is distributed with a sample standard deviation of 1.75, arithmetic mean of 39.39, and mean deviation of 1.31. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Karooooo Reaches New 52-Week High at 42.43 | 09/17/2024 |
2 | Karooooo to Announce Second Quarter 2025 Results on October 14, 2024 | 09/30/2024 |
3 | Karooooo Ltd.s Stocks On An Uptrend Are Strong Financials Guiding The Market | 10/04/2024 |
4 | Karooooo Ltd. Surpasses Q2 Earnings and Revenue Estimates | 10/15/2024 |
5 | Karooooo Ltd Shares Up 4.17 percent on Oct 16 | 10/16/2024 |
6 | Karooooo Ltd. Analysts Are Pretty Bullish On The Stock After Recent Results | 10/17/2024 |
7 | Why You Should Care About Karooooos Strong Returns On Capital | 10/31/2024 |
8 | Karooooo Shares Gap Up - Still a Buy - MarketBeat | 11/04/2024 |
About Karooooo 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 Karooooo or other stocks. Alpha measures the amount that position in Karooooo 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.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.023 | 0.0339 | 0.0356 | Price To Sales Ratio | 5.2 | 3.5 | 5.36 |
Karooooo Upcoming Company Events
As portrayed in its financial statements, the presentation of Karooooo's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Karooooo's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Karooooo's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Karooooo. Please utilize our Beneish M Score to check the likelihood of Karooooo's management manipulating its earnings.
| 13th of May 2024 Upcoming Quarterly Report | View | |
| 17th of July 2024 Next Financial Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View | |
| 13th of May 2024 Next Fiscal Year End | View | |
| 30th of November 2023 Last Quarter Report | View | |
| 28th of February 2023 Last Financial Announcement | View |
Build Portfolio with Karooooo
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 Karooooo Backtesting, Karooooo Valuation, Karooooo Correlation, Karooooo Hype Analysis, Karooooo Volatility, Karooooo History and analyze Karooooo Performance. To learn how to invest in Karooooo Stock, please use our How to Invest in Karooooo guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Karooooo 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.