Championx Stock Alpha and Beta Analysis


USD 21.12  0.20  0.96%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Championx Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Championx Corp over a specified time horizon. Remember, high Championx Corp'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.
Continue to Championx Corp Backtesting, Championx Corp Valuation, Championx Corp Correlation, Championx Corp Hype Analysis, Championx Corp Volatility, Championx Corp History and analyze Championx Corp Performance.
Please note that although Championx Corp 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, Championx Corp did 0.033136  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 Championx Corp stock's relative risk over its benchmark. Championx Corp has a beta of 1.45  . Let's try to break down what Championx'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, Championx Corp will likely underperform.
Championx Corp Book Value per Share is fairly stable at the moment as compared to the past year. Championx Corp reported Book Value per Share of 8.78 in 2021. Tangible Assets Book Value per Share is likely to rise to 12.48 in 2022, whereas Enterprise Value over EBIT is likely to drop 19.26 in 2022.
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.

Championx Corp Quarterly Book Value per Share


Championx Corp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Championx Corp market risk premium is the additional return an investor will receive from holding Championx Corp 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 Championx Corp. 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 Championx Corp's performance over market.
α-0.03   β1.45
90 days against DJI

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

Championx Corp Market Price Analysis

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

Championx Corp Return and Market Media

The median price of Championx Corp for the period between Wed, May 11, 2022 and Tue, Aug 9, 2022 is 20.86 with a coefficient of variation of 8.99. The daily time series for the period is distributed with a sample standard deviation of 1.89, arithmetic mean of 21.05, and mean deviation of 1.52. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
Payment of 685 shares by Syed Raza of Championx Corp subject...05/19/2022
ChampionX Co. Given Average Rating of Buy by Brokerages - De...06/02/2022
Payment of 617 shares by Robert Galloway of Championx Corp s...06/03/2022
Financial Statements06/08/2022
Payment of 1198 shares by Syed Raza of Championx Corp subjec...06/13/2022
EPS Estimate06/30/2022
Financial Statements07/05/2022
Crude Recoups After Closing Below 100 for the First Time in ...07/06/2022
Can Modest Revenue Growth Aid T-Mobiles Q2 Earnings - Nasdaq07/22/2022
EPS Reported07/26/2022

About Championx Corp 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 equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Championx Corp 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 2020 2021 2022 (projected)
Long Term Debt to Equity0.540.560.390.36
Interest Coverage2.573.333.833.93

Championx Corp Upcoming Company Events

As portrayed in its financial statements, the presentation of Championx Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Championx Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Championx Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Championx Corp. Please utilize our Beneish M Score to check the likelihood of Championx Corp's management manipulating its earnings.
Upcoming Quarterly Report9th of February 2022
Next Financial Report27th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End9th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Continue to Championx Corp Backtesting, Championx Corp Valuation, Championx Corp Correlation, Championx Corp Hype Analysis, Championx Corp Volatility, Championx Corp History and analyze Championx Corp Performance. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp'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 Championx Corp price analysis, check to measure Championx 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 Championx Corp is operating at the current time. Most of Championx Corp's value examination focuses on studying past and present price action to predict the probability of Championx Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Championx Corp's price. Additionally, you may evaluate how the addition of Championx Corp to your portfolios can decrease your overall portfolio volatility.
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Championx Corp 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 Championx Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Championx Corp 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...