Perrigo Stock Alpha and Beta Analysis

PRGO
 Stock
  

USD 41.65  0.13  0.31%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Perrigo Company. It also helps investors analyze the systematic and unsystematic risks associated with investing in Perrigo over a specified time horizon. Remember, high Perrigo'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.
Please check Perrigo Backtesting, Perrigo Valuation, Perrigo Correlation, Perrigo Hype Analysis, Perrigo Volatility, Perrigo History and analyze Perrigo Performance.
  
Please note that although Perrigo 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, Perrigo did 0.37  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 Perrigo Company stock's relative risk over its benchmark. Perrigo Company has a beta of 0.72  . Let's try to break down what Perrigo's beta means in this case. As returns on the market increase, Perrigo returns are expected to increase less than the market. However, during the bear market, the loss on holding Perrigo will be expected to be smaller as well.
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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.

Perrigo Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Perrigo market risk premium is the additional return an investor will receive from holding Perrigo 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 Perrigo. 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 Perrigo's performance over market.
α0.37   β0.72
90 days against DJI

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

Perrigo Market Price Analysis

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

Perrigo Return and Market Media

The median price of Perrigo for the period between Sat, May 14, 2022 and Fri, Aug 12, 2022 is 40.57 with a coefficient of variation of 6.05. The daily time series for the period is distributed with a sample standard deviation of 2.41, arithmetic mean of 39.81, and mean deviation of 1.82. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Exercise or conversion by Theodore Samuels of 6599 shares of...05/17/2022
2
Exercise or conversion by Adriana Karaboutis of 6599 shares ...05/19/2022
3
Perrigo Co. PLC stock falls Tuesday, underperforms market - ...05/31/2022
4
Perrigo exotic insider transaction detected06/09/2022
5
Perrigo exotic insider transaction detected06/10/2022
6
Neptune Wellness Taps Perrigo Alum as Next CFO - MarketWatch06/14/2022
7
4 companies have gained control over the formula market Lawm...06/17/2022
8
This 5B Pharmaceutical Could Benefit From Over-The-Counter C...06/27/2022
9
EPS Estimate06/30/2022
10
Officials Balked at a Drug Companys Tax Shelter. Auditors Ap...07/07/2022
11
Acquisition by Ives Alison of 2759 shares of Perrigo subject...07/12/2022
12
PERRIGO TO RELEASE SECOND QUARTER 2022 FINANCIAL RESULTS ON ...07/27/2022
13
Perrigo exotic insider transaction detected08/03/2022
14
EPS Estimate08/08/2022
15
EPS Reported08/09/2022

About Perrigo 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 Perrigo Company 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.

Perrigo Upcoming Company Events

As portrayed in its financial statements, the presentation of Perrigo's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Perrigo's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Perrigo's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Perrigo. Please utilize our Beneish M Score to check the likelihood of Perrigo's management manipulating its earnings.
Upcoming Quarterly Report27th of February 2017
Next Financial Report15th of May 2017
Next Fiscal Quarter End31st of December 2016
Next Fiscal Year End27th of February 2017
Last Quarter Report30th of September 2016
Last Financial Announcement31st of December 2015

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Please check Perrigo Backtesting, Perrigo Valuation, Perrigo Correlation, Perrigo Hype Analysis, Perrigo Volatility, Perrigo History and analyze Perrigo Performance. Note that the Perrigo Company information on this page should be used as a complementary analysis to other Perrigo'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 CEO Directory module to screen CEOs from public companies around the world.

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