LiCycle Stock Alpha and Beta Analysis

LICY
 Stock
  

USD 6.37  0.17  2.74%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as LiCycle Holdings Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in LiCycle Holdings over a specified time horizon. Remember, high LiCycle Holdings' 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 LiCycle Holdings Backtesting, LiCycle Holdings Valuation, LiCycle Holdings Correlation, LiCycle Holdings Hype Analysis, LiCycle Holdings Volatility, LiCycle Holdings History and analyze LiCycle Holdings Performance.
  
Please note that although LiCycle Holdings 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, LiCycle Holdings did 0.31  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 LiCycle Holdings Corp stock's relative risk over its benchmark. LiCycle Holdings Corp has a beta of 1.59  . Let's try to break down what LiCycle'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, LiCycle Holdings will likely underperform.
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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.

LiCycle Holdings Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. LiCycle Holdings market risk premium is the additional return an investor will receive from holding LiCycle Holdings 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 LiCycle Holdings. 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 LiCycle Holdings' performance over market.
α-0.31   β1.59
90 days against NYA

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

LiCycle Holdings Market Price Analysis

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

LiCycle Holdings Return and Market Media

The median price of LiCycle Holdings for the period between Sun, Sep 4, 2022 and Sat, Dec 3, 2022 is 5.95 with a coefficient of variation of 8.39. The daily time series for the period is distributed with a sample standard deviation of 0.5, arithmetic mean of 6.01, and mean deviation of 0.38. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  
       Timeline  
1
EPS Reported09/14/2022

About LiCycle Holdings 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 LiCycle or other stocks. Alpha measures the amount that position in LiCycle Holdings 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.
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 LiCycle Holdings 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, LiCycle Holdings' short interest history, or implied volatility extrapolated from LiCycle Holdings options trading.

Build Portfolio with LiCycle Holdings

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 LiCycle Holdings Backtesting, LiCycle Holdings Valuation, LiCycle Holdings Correlation, LiCycle Holdings Hype Analysis, LiCycle Holdings Volatility, LiCycle Holdings History and analyze LiCycle Holdings Performance. Note that the LiCycle Holdings Corp information on this page should be used as a complementary analysis to other LiCycle Holdings' 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for LiCycle Stock analysis

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