CalAmp Stock Performance

CAMP
 Stock
  

USD 4.23  0.03  0.70%   

CalAmp Corp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.8439, which signifies a somewhat significant risk relative to the market. Let's try to break down what CalAmp'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, CalAmp Corp will likely underperform. Although it is important to respect CalAmp Corp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing CalAmp Corp technical indicators, you can presently evaluate if the expected return of 0.15% will be sustainable into the future. CalAmp Corp right now shows a risk of 4.44%. Please confirm CalAmp Corp downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if CalAmp Corp will be following its price patterns.
  
CalAmp Performance
2 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in CalAmp Corp are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of very conflicting primary indicators, CalAmp Corp may actually be approaching a critical reversion point that can send shares even higher in November 2022. ...more

CalAmp Price Channel

Quick Ratio1.46
Fifty Two Week Low3.8200
Target High Price13.00
Fifty Two Week High10.6800
Target Low Price5.00

CalAmp Corp Relative Risk vs. Return Landscape

If you would invest  413.00  in CalAmp Corp on July 9, 2022 and sell it today you would earn a total of  13.00  from holding CalAmp Corp or generate 3.15% return on investment over 90 days. CalAmp Corp is currently generating 0.1501% in daily expected returns and assumes 4.4358% risk (volatility on return distribution) over the 90 days horizon. In different words, 38% of stocks are less volatile than CalAmp, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days CalAmp Corp is expected to generate 3.53 times more return on investment than the market. However, the company is 3.53 times more volatile than its market benchmark. It trades about 0.03 of its potential returns per unit of risk. The DOW is currently generating roughly -0.05 per unit of risk.

CalAmp Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for CalAmp Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as CalAmp Corp, and traders can use it to determine the average amount a CalAmp Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0338

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Estimated Market Risk
 4.44
  actual daily
 
 38 %
of total potential
 
3838
Expected Return
 0.15
  actual daily
 
 2 %
of total potential
 
22
Risk-Adjusted Return
 0.03
  actual daily
 
 2 %
of total potential
 
22
Based on monthly moving average CalAmp Corp is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CalAmp Corp by adding it to a well-diversified portfolio.

About CalAmp Corp Performance

To evaluate CalAmp Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when CalAmp Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare CalAmp Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand CalAmp Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents CalAmp's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company was incorporated in 1981 and is headquartered in Irvine, California. CalAmp Corp operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 887 people.

Things to note about CalAmp Corp

Checking the ongoing alerts about CalAmp Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for CalAmp Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

CalAmp Corp Alerts

Equity Alerts and Improvement Suggestions

CalAmp Corp has very high historical volatility over the last 90 days
CalAmp Corp has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 280.89 M. Net Loss for the year was (37.32 M) with profit before overhead, payroll, taxes, and interest of 121.89 M.
CalAmp Corp currently holds about 59.04 M in cash with (19.85 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.63.
Over 92.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: CalAmp Corp exotic insider transaction detected
Continue to Trending Equities. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running CalAmp Corp price analysis, check to measure CalAmp Corp'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 CalAmp Corp is operating at the current time. Most of CalAmp Corp's value examination focuses on studying past and present price action to predict the probability of CalAmp Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CalAmp Corp's price. Additionally, you may evaluate how the addition of CalAmp Corp to your portfolios can decrease your overall portfolio volatility.
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Is CalAmp Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CalAmp Corp. If investors know CalAmp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CalAmp Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of CalAmp Corp is measured differently than its book value, which is the value of CalAmp that is recorded on the company's balance sheet. Investors also form their own opinion of CalAmp Corp's value that differs from its market value or its book value, called intrinsic value, which is CalAmp Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CalAmp Corp's market value can be influenced by many factors that don't directly affect CalAmp Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CalAmp Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine CalAmp Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CalAmp Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.