Simply Stock Alpha and Beta Analysis


USD 40.05  0.63  1.60%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Simply Good Foods. It also helps investors analyze the systematic and unsystematic risks associated with investing in Simply Good over a specified time horizon. Remember, high Simply Good'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.
Additionally, take a look at Simply Good Backtesting, Simply Good Valuation, Simply Good Correlation, Simply Good Hype Analysis, Simply Good Volatility, Simply Good History and analyze Simply Good Performance.
Please note that although Simply Good 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, Simply Good did 0.34  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 Simply Good Foods stock's relative risk over its benchmark. Simply Good Foods has a beta of 0.93  . Let's try to break down what Simply's beta means in this case. Simply Good returns are very sensitive to returns on the market. As the market goes up or down, Simply Good is expected to follow.
Simply Good Enterprise Value over EBIT is relatively stable at the moment as compared to the past year. The company's current value of Enterprise Value over EBIT is estimated at 17.48. Tangible Asset Value is expected to hike to about 1 B this year, although Book Value per Share will most likely fall to 16.09.
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.

Enterprise Value

117.19 Million

Simply Good Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Simply Good market risk premium is the additional return an investor will receive from holding Simply Good 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 Simply Good. 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 Simply Good's performance over market.
α0.34   β0.93
90 days against NYA

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

Simply Good Market Price Analysis

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

Simply Good Return and Market Media

The median price of Simply Good for the period between Tue, Sep 6, 2022 and Mon, Dec 5, 2022 is 33.56 with a coefficient of variation of 10.18. The daily time series for the period is distributed with a sample standard deviation of 3.51, arithmetic mean of 34.47, and mean deviation of 3.23. The Stock received substential amount of media coverage during this period.
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About Simply Good 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 Simply or other stocks. Alpha measures the amount that position in Simply Good Foods 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.
 2010 2018 2022 (projected)
Receivables Turnover11.729.611.76
PPandE Turnover185.2772.4146.06

Simply Good Upcoming Company Events

As portrayed in its financial statements, the presentation of Simply Good's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Simply Good's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Simply Good's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Simply Good. Please utilize our Beneish M Score to check the likelihood of Simply Good's management manipulating its earnings.
Upcoming Quarterly Report6th of April 2022
Next Financial Report7th of July 2022
Next Fiscal Quarter End28th of February 2022
Next Fiscal Year End28th of October 2022
Last Quarter Report30th of November 2021
Last Financial Announcement28th of February 2021

Build Portfolio with Simply Good

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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Align your risk with return expectations

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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, take a look at Simply Good Backtesting, Simply Good Valuation, Simply Good Correlation, Simply Good Hype Analysis, Simply Good Volatility, Simply Good History and analyze Simply Good Performance. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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