Luna Innovations Stock Alpha and Beta Analysis


USD 8.11  0.70  9.45%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Luna Innovations Incorporated. It also helps investors analyze the systematic and unsystematic risks associated with investing in Luna Innovations over a specified time horizon. Remember, high Luna Innovations' 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.
Additionally, see Luna Innovations Backtesting, Luna Innovations Valuation, Luna Innovations Correlation, Luna Innovations Hype Analysis, Luna Innovations Volatility, Luna Innovations History and analyze Luna Innovations Performance.
Please note that although Luna Innovations 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, Luna Innovations did 0.62  better 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 Luna Innovations Incorporated stock's relative risk over its benchmark. Luna Innovations has a beta of 0.78  . Let's try to break down what Luna Innovations's beta means in this case. As returns on the market increase, Luna Innovations returns are expected to increase less than the market. However, during the bear market, the loss on holding Luna Innovations will be expected to be smaller as well.
Luna Innovations 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 61.66. The current year Enterprise Value is expected to grow to about 300 M, whereas Book Value per Share is forecasted to decline to 2.30.
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

299.97 Million

Luna Innovations Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Luna Innovations market risk premium is the additional return an investor will receive from holding Luna Innovations 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 Luna Innovations. 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 Luna Innovations' performance over market.
α0.62   β0.78
90 days against NYA

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

Luna Innovations Market Price Analysis

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

Luna Innovations Return and Market Media

The median price of Luna Innovations for the period between Sat, Sep 10, 2022 and Fri, Dec 9, 2022 is 5.17 with a coefficient of variation of 17.42. The daily time series for the period is distributed with a sample standard deviation of 0.94, arithmetic mean of 5.38, and mean deviation of 0.74. The Stock received substential amount of media coverage during this period.
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About Luna Innovations 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 Luna Innovations or other stocks. Alpha measures the amount that position in Luna Innovations 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.
 2019 2021 2022 (projected)
Long Term Debt to Equity0.220.140.15
Interest Coverage208.78202.57168.5

Luna Innovations Upcoming Company Events

As portrayed in its financial statements, the presentation of Luna Innovations' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Luna Innovations' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Luna Innovations' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Luna Innovations. Please utilize our Beneish M Score to check the likelihood of Luna Innovations' management manipulating its earnings.
Upcoming Quarterly Report10th of March 2022
Next Financial Report16th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End10th of March 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Luna Innovations

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
Additionally, see Luna Innovations Backtesting, Luna Innovations Valuation, Luna Innovations Correlation, Luna Innovations Hype Analysis, Luna Innovations Volatility, Luna Innovations History and analyze Luna Innovations Performance. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Luna Innovations 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 Luna Innovations technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Luna Innovations 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...