Myers Industries Stock Alpha and Beta Analysis
| MYE Stock | USD 22.04 0.01 0.05% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Myers Industries. It also helps investors analyze the systematic and unsystematic risks associated with investing in Myers Industries over a specified time horizon. Remember, high Myers Industries' 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 Myers Industries' market risk premium analysis include:
Beta 1.08 | Alpha 0.17 | Risk 1.81 | Sharpe Ratio 0.16 | Expected Return 0.29 |
Enterprise Value |
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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.
Myers |
Myers Industries Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Myers Industries market risk premium is the additional return an investor will receive from holding Myers Industries 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 Myers Industries. 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 Myers Industries' performance over market.| α | 0.17 | β | 1.08 |
Myers Industries 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 Myers Industries' Buy-and-hold return. Our buy-and-hold chart shows how Myers Industries performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Myers Industries Market Price Analysis
Market price analysis indicators help investors to evaluate how Myers Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Myers Industries shares will generate the highest return on investment. By understating and applying Myers Industries stock market price indicators, traders can identify Myers Industries position entry and exit signals to maximize returns.
Myers Industries Return and Market Media
The median price of Myers Industries for the period between Sun, Jan 28, 2024 and Sat, Apr 27, 2024 is 20.97 with a coefficient of variation of 7.66. The daily time series for the period is distributed with a sample standard deviation of 1.58, arithmetic mean of 20.59, and mean deviation of 1.43. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Robert Stefanko of 4144 shares of Myers Industries subject to Rule 16b-3 | 02/05/2024 |
2 | Proto Labs Beats Q4 Earnings and Revenue Estimates | 02/09/2024 |
3 | Myers Industries Inc Reports Mixed Financial Results Amid Operational Challenges | 03/05/2024 |
4 | Myers Industries Full Year 2023 Earnings EPS Beats Expectations | 03/08/2024 |
5 | Myers Industries Upgraded to Strong-Buy at StockNews.com - Defense World | 03/15/2024 |
6 | Stocks of the Hour dorsaVi, Celsius Resources, Metarock Group | 03/18/2024 |
7 | Acquisition by Gurnee Jim of 1055 shares of Myers Industries subject to Rule 16b-3 | 03/19/2024 |
8 | Exchange Traded Concepts LLC Sells 1343 Shares of Myers Industries, Inc. - Defense World | 03/21/2024 |
9 | Disposition of 1532 shares by Gurnee Jim of Myers Industries subject to Rule 16b-3 | 03/25/2024 |
10 | Pacer Advisors Inc. Purchases New Position in Myers Industries, Inc. - Defense World | 03/27/2024 |
11 | Disposition of 469 shares by Monica Vinay of Myers Industries at 19.87 subject to Rule 16b-3 | 03/28/2024 |
| Myers Industries dividend paid on 4th of April 2024 | 04/04/2024 |
12 | Motley Fool Co-Founder David Gardner on Financial Freedom, AI, and a Numbers Game | 04/10/2024 |
13 | Myers Industries Announces Reporting Date and Conference Call for 2024 First Quarter Results | 04/17/2024 |
About Myers Industries 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 Myers or other stocks. Alpha measures the amount that position in Myers Industries 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 | 2024 (projected) | Dividend Yield | 0.0271 | 0.0248 | 0.0191 | Price To Sales Ratio | 0.95 | 0.89 | 0.58 |
Myers Industries Upcoming Company Events
As portrayed in its financial statements, the presentation of Myers Industries' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Myers Industries' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Myers Industries' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Myers Industries. Please utilize our Beneish M Score to check the likelihood of Myers Industries' management manipulating its earnings.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th 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 Myers Industries
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 Myers Industries Backtesting, Myers Industries Valuation, Myers Industries Correlation, Myers Industries Hype Analysis, Myers Industries Volatility, Myers Industries History and analyze Myers Industries Performance. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Myers Stock analysis
When running Myers Industries' price analysis, check to measure Myers Industries' 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 Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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Myers Industries 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.