NZSE (New Zealand) Alpha and Beta Analysis

NZ50
 Index
  

 11,066  134.33  1.20%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NZSE. It also helps investors analyze the systematic and unsystematic risks associated with investing in NZSE over a specified time horizon. Remember, high NZSE'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.
Check out NZSE Backtesting, Portfolio Optimization, NZSE Correlation, NZSE Hype Analysis, NZSE Volatility, NZSE History and analyze NZSE Performance.
Please note that although NZSE 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, NZSE did 0.00  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 NZSE index's relative risk over its benchmark. NZSE has a beta of 0.00  . Let's try to break down what NZSE's beta means in this case. The returns on DOW and NZSE are completely uncorrelated.
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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.

NZSE Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NZSE market risk premium is the additional return an investor will receive from holding NZSE 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 NZSE. 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 NZSE's performance over market.
α0.00   β0.00
90 days against DJI

NZSE Fundamentals

NZSE Market Price Analysis

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

NZSE Return and Market Media

The median price of NZSE for the period between Mon, Jul 4, 2022 and Sun, Oct 2, 2022 is 11532.46 with a coefficient of variation of 2.52. The daily time series for the period is distributed with a sample standard deviation of 288.5, arithmetic mean of 11445.63, and mean deviation of 257.37. The Index did not receive any noticable media coverage during the period.
 Price Growth (%)  
       Timeline  

About NZSE 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 NZSE or other indexs. Alpha measures the amount that position in NZSE 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NZSE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NZSE's short interest history, or implied volatility extrapolated from NZSE options trading.

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Check out NZSE Backtesting, Portfolio Optimization, NZSE Correlation, NZSE Hype Analysis, NZSE Volatility, NZSE History and analyze NZSE Performance. Note that the NZSE information on this page should be used as a complementary analysis to other NZSE'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Tools for NZSE Index

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