Goosehead Stock Alpha and Beta Analysis


USD 40.86  0.46  1.14%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Goosehead Insurance. It also helps investors analyze the systematic and unsystematic risks associated with investing in Goosehead Insurance over a specified time horizon. Remember, high Goosehead Insurance'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 check Goosehead Insurance Backtesting, Goosehead Insurance Valuation, Goosehead Insurance Correlation, Goosehead Insurance Hype Analysis, Goosehead Insurance Volatility, Goosehead Insurance History and analyze Goosehead Insurance Performance.
Please note that although Goosehead Insurance 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., NYSE Composite index.) So in this particular case, Goosehead Insurance did 0.39  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 Goosehead Insurance stock's relative risk over its benchmark. Goosehead Insurance has a beta of 1.73  . Let's try to break down what Goosehead's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Goosehead Insurance will likely underperform.
Goosehead Insurance Enterprise Value over EBITDA is projected to increase significantly based on the last few years of reporting. The past year's Enterprise Value over EBITDA was at 291.49. The current year Tangible Asset Value is expected to grow to about 285.9 M, whereas Price to Book Value is forecasted to decline to (370.64) .
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.

Enterprise Value

4.37 Billion

Goosehead Insurance Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Goosehead Insurance market risk premium is the additional return an investor will receive from holding Goosehead Insurance 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 Goosehead Insurance. 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 Goosehead Insurance's performance over market.
α-0.39   β1.73
90 days against NYA

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

Goosehead Insurance Market Price Analysis

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

Goosehead Insurance Return and Market Media

The median price of Goosehead Insurance for the period between Sun, Sep 4, 2022 and Sat, Dec 3, 2022 is 38.86 with a coefficient of variation of 13.59. The daily time series for the period is distributed with a sample standard deviation of 5.27, arithmetic mean of 38.78, and mean deviation of 3.73. The Stock received some media coverage during the period.
 Price Growth (%)  
Financial Statements09/12/2022
Financial Statements09/13/2022
Why Goosehead Insurance Stock Dropped 21.4 percent This Week...09/16/2022
EPS Estimate09/30/2022
EPS Reported10/26/2022
Goosehead Insurance President and COO Trades 320K In Company...11/03/2022
Goosehead Insurance Insider Trades Send a Signal - Goosehead...12/01/2022

About Goosehead Insurance 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 Goosehead or other stocks. Alpha measures the amount that position in Goosehead Insurance 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 (projected)
Cash and Equivalents Turnover5.666.59
Accrued Expenses Turnover73.2272.79

Goosehead Insurance Upcoming Company Events

As portrayed in its financial statements, the presentation of Goosehead Insurance's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Goosehead Insurance's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Goosehead Insurance's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Goosehead Insurance. Please utilize our Beneish M Score to check the likelihood of Goosehead Insurance's management manipulating its earnings.
Upcoming Quarterly Report22nd of February 2022
Next Financial Report5th 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 Goosehead Insurance

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.

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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 check Goosehead Insurance Backtesting, Goosehead Insurance Valuation, Goosehead Insurance Correlation, Goosehead Insurance Hype Analysis, Goosehead Insurance Volatility, Goosehead Insurance History and analyze Goosehead Insurance Performance. Note that the Goosehead Insurance information on this page should be used as a complementary analysis to other Goosehead Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Goosehead Insurance price analysis, check to measure Goosehead Insurance'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 Goosehead Insurance is operating at the current time. Most of Goosehead Insurance's value examination focuses on studying past and present price action to predict the probability of Goosehead Insurance's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Goosehead Insurance's price. Additionally, you may evaluate how the addition of Goosehead Insurance to your portfolios can decrease your overall portfolio volatility.
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Goosehead Insurance 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 Goosehead Insurance technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Goosehead Insurance 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...