Ninepoint Energy Fund Price on December 4, 2024
| 0P0000732C | CAD 26.66 0.10 0.37% |
Below is the normalized historical share price chart for Ninepoint Energy extending back to November 07, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ninepoint Energy stands at 26.66, as last reported on the 13th of December 2024, with the highest price reaching 26.66 and the lowest price hitting 26.66 during the day.
If you're considering investing in Ninepoint Fund, it is important to understand the factors that can impact its price. At this point, Ninepoint Energy is very steady. Ninepoint Energy has Sharpe Ratio of 0.0179, which conveys that the entity had a 0.0179% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ninepoint Energy, which you can use to evaluate the volatility of the fund. Please verify Ninepoint Energy's Downside Deviation of 1.72, risk adjusted performance of 0.0294, and Mean Deviation of 1.2 to check out if the risk estimate we provide is consistent with the expected return of 0.0274%.
Ninepoint Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Ninepoint |
Sharpe Ratio = 0.0179
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 0P0000732C |
Estimated Market Risk
| 1.54 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Ninepoint Energy is performing at about 1% 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 Ninepoint Energy by adding it to a well-diversified portfolio.
Ninepoint Energy Valuation on December 4, 2024
It is possible to determine the worth of Ninepoint Energy on a given historical date. On December 4, 2024 Ninepoint was worth 27.21 at the beginning of the trading date compared to the closed value of 27.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ninepoint Energy fund. Still, in general, we apply an absolute valuation method to find Ninepoint Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ninepoint Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ninepoint Energy's related companies.
| Open | High | Low | Close | Volume | |
| 27.70 | 27.70 | 27.70 | 27.70 | 1.00 | |
12/04/2024 | 27.21 | 27.21 | 27.21 | 27.21 | 1.00 |
| 27.36 | 27.36 | 27.36 | 27.36 | 1.00 |
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Ninepoint Energy Trading Date Momentum on December 4, 2024
| On December 05 2024 Ninepoint Energy was traded for 27.36 at the closing time. The highest price during the trading period was 27.36 and the lowest recorded bid was listed for 27.36 . There was no trading activity during the period 1.0. Lack of trading volume on December 5, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.55% . The trading delta at closing time to the current price is 2.02% . |
Ninepoint Energy Fundamentals Correlations and Trends
By evaluating Ninepoint Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ninepoint Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ninepoint financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ninepoint Energy Fund history
Ninepoint Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ninepoint is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ninepoint Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ninepoint Energy stock prices may prove useful in developing a viable investing in Ninepoint Energy
The Fund invests primarily in equity and equity-related securities of companies that are involved directly or indirectly in the exploration, development, production and distribution of oil, gas, coal, or uranium and other related activities in the energy and resource sector. Ninepoint Energy is traded on Toronto Stock Exchange in Canada.
Ninepoint Energy Fund Technical Analysis
Ninepoint Energy technical fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Ninepoint Energy Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Ninepoint Energy cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ninepoint Energy December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Ninepoint Energy fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ninepoint Energy shares will generate the highest return on investment. By undertsting and applying Ninepoint Energy fund market strength indicators, traders can identify Ninepoint Energy entry and exit signals to maximize returns
Ninepoint Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ninepoint Energy's price direction in advance. Along with the technical and fundamental analysis of Ninepoint Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ninepoint to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0294 | |||
| Jensen Alpha | 0.0368 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 1.07 |
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Other Information on Investing in Ninepoint Fund
Ninepoint Energy financial ratios help investors to determine whether Ninepoint Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ninepoint with respect to the benefits of owning Ninepoint Energy security.
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