Alcon Stock Alpha and Beta Analysis


USD 56.96  0.99  1.71%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Alcon Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Alcon over a specified time horizon. Remember, high Alcon'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.
Please continue to Alcon Backtesting, Alcon Valuation, Alcon Correlation, Alcon Hype Analysis, Alcon Volatility, Alcon History and analyze Alcon Performance.
Please note that although Alcon alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Alcon did 0.22  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Alcon Inc stock's relative risk over its benchmark. Alcon Inc has a beta of 0.82  . Let's try to break down what Alcon's beta means in this case. As returns on the market increase, Alcon returns are expected to increase less than the market. However, during the bear market, the loss on holding Alcon will be expected to be smaller as well.
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.

Alcon Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Alcon market risk premium is the additional return an investor will receive from holding Alcon 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 Alcon. 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 Alcon's performance over market.
α-0.22   β0.82
90 days against DJI

Alcon 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 Alcon's Buy-and-hold return. Our buy-and-hold chart shows how Alcon performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Alcon Market Price Analysis

Market price analysis indicators help investors to evaluate how Alcon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alcon shares will generate the highest return on investment. By understating and applying Alcon stock market price indicators, traders can identify Alcon position entry and exit signals to maximize returns.

Alcon Return and Market Media

The median price of Alcon for the period between Fri, Jul 1, 2022 and Thu, Sep 29, 2022 is 69.74 with a coefficient of variation of 6.72. The daily time series for the period is distributed with a sample standard deviation of 4.68, arithmetic mean of 69.73, and mean deviation of 3.42. The Stock received substential amount of media coverage during this period.
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About Alcon 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 Alcon or other stocks. Alpha measures the amount that position in Alcon Inc 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.

Alcon Upcoming Company Events

As portrayed in its financial statements, the presentation of Alcon's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Alcon's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Alcon's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Alcon. Please utilize our Beneish M Score to check the likelihood of Alcon's management manipulating its earnings.
Upcoming Quarterly Report22nd of February 2022
Next Financial Report3rd of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End22nd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Alcon

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

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please continue to Alcon Backtesting, Alcon Valuation, Alcon Correlation, Alcon Hype Analysis, Alcon Volatility, Alcon History and analyze Alcon Performance. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Alcon Inc price analysis, check to measure Alcon'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 Alcon is operating at the current time. Most of Alcon's value examination focuses on studying past and present price action to predict the probability of Alcon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alcon's price. Additionally, you may evaluate how the addition of Alcon to your portfolios can decrease your overall portfolio volatility.
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Alcon 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.
A focus of Alcon technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alcon trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...