Oil Dri Stock Alpha and Beta Analysis
| ODC Stock | USD 68.61 0.20 0.29% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Oil Dri. It also helps investors analyze the systematic and unsystematic risks associated with investing in Oil Dri over a specified time horizon. Remember, high Oil Dri'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 Oil Dri's market risk premium analysis include:
Beta 0.99 | Alpha 0.028 | Risk 1.74 | Sharpe Ratio 0.11 | Expected Return 0.19 |
Oil Dri Quarterly Cash And Equivalents |
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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.
Oil |
Oil Dri Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Oil Dri market risk premium is the additional return an investor will receive from holding Oil Dri 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 Oil Dri. 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 Oil Dri's performance over market.| α | 0.03 | β | 0.99 |
Oil Dri 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 Oil Dri's Buy-and-hold return. Our buy-and-hold chart shows how Oil Dri performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Oil Dri Market Price Analysis
Market price analysis indicators help investors to evaluate how Oil Dri stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oil Dri shares will generate the highest return on investment. By understating and applying Oil Dri stock market price indicators, traders can identify Oil Dri position entry and exit signals to maximize returns.
Oil Dri Return and Market Media
The median price of Oil Dri for the period between Tue, Jul 2, 2024 and Mon, Sep 30, 2024 is 64.52 with a coefficient of variation of 3.86. The daily time series for the period is distributed with a sample standard deviation of 2.5, arithmetic mean of 64.86, and mean deviation of 2.03. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | We Like These Underlying Return On Capital Trends At Oil-Dri Corporation of America | 07/19/2024 |
2 | Oil-Dri Corporation of America Is Increasing Its Dividend To 0.31 | 07/23/2024 |
3 | The Zacks Analyst Blog Highlights Walmart, McDonalds, Booking Holdings and Oil-Dri | 08/02/2024 |
4 | Disposition of 2000 shares by George Roeth of Oil Dri subject to Rule 16b-3 | 08/16/2024 |
5 | Oil-Dri Fiscal Q3 Earnings Snapshot - Barchart | 08/21/2024 |
| Oil Dri dividend paid on 23rd of August 2024 | 08/23/2024 |
6 | The Zacks Analyst Blog Highlights UnitedHealth, Procter Gamble, HSBC and Oil-Dri | 09/04/2024 |
7 | Acquisition by Patrick Walsh of 15000 shares of Oil Dri subject to Rule 16b-3 | 09/06/2024 |
8 | Oil-Dri Announces Dates for Fourth Quarter andFiscal Year 2024 Earnings Release and Live Webcast | 09/11/2024 |
9 | The Zacks Analyst Blog Exxon Mobil, Salesforce, BHP and Oil-Dri | 09/20/2024 |
About Oil Dri 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 Oil or other stocks. Alpha measures the amount that position in Oil Dri 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 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.037 | 0.0188 | 0.0169 | 0.0208 | Price To Sales Ratio | 0.57 | 0.96 | 1.1 | 0.91 |
Oil Dri Upcoming Company Events
As portrayed in its financial statements, the presentation of Oil Dri's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Oil Dri's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Oil Dri's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Oil Dri. Please utilize our Beneish M Score to check the likelihood of Oil Dri's management manipulating its earnings.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
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Additional Information and Resources on Investing in Oil Stock
When determining whether Oil Dri offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Oil Dri's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oil Dri Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oil Dri Stock:Check out Oil Dri Backtesting, Oil Dri Valuation, Oil Dri Correlation, Oil Dri Hype Analysis, Oil Dri Volatility, Oil Dri History and analyze Oil Dri Performance. For information on how to trade Oil Stock refer to our How to Trade Oil Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Oil Dri 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.