SolarEdge Technologies (Germany) Price on October 2, 2023
2ED Stock | EUR 13.45 1.27 8.63% |
If you're considering investing in SolarEdge Stock, it is important to understand the factors that can impact its price. As of today, the current price of SolarEdge Technologies stands at 13.45, as last reported on the 29th of November, with the highest price reaching 14.92 and the lowest price hitting 13.01 during the day. SolarEdge Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0867, which indicates the firm had a -0.0867% return per unit of risk over the last 3 months. SolarEdge Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SolarEdge Technologies' Variance of 36.94, risk adjusted performance of (0.07), and Coefficient Of Variation of (989.21) to confirm the risk estimate we provide.
SolarEdge Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SolarEdge |
Sharpe Ratio = -0.0867
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Estimated Market Risk
6.33 actual daily | 56 56% of assets are less volatile |
Expected Return
-0.55 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SolarEdge Technologies is not performing at its full potential. However, 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 SolarEdge Technologies by adding SolarEdge Technologies to a well-diversified portfolio.
SolarEdge Technologies Valuation on October 2, 2023
It is possible to determine the worth of SolarEdge Technologies on a given historical date. On October 2, 2023 SolarEdge was worth 120.0 at the beginning of the trading date compared to the closed value of 116.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SolarEdge Technologies stock. Still, in general, we apply an absolute valuation method to find SolarEdge Technologies' 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 SolarEdge Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SolarEdge Technologies' related companies.
Open | High | Low | Close | Volume | |
124.06 | 127.00 | 122.00 | 122.00 | 446.00 | |
10/02/2023 | 120.00 | 121.54 | 116.00 | 116.00 | 457.00 |
117.00 | 118.04 | 113.14 | 114.50 | 247.00 |
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SolarEdge Technologies Trading Date Momentum on October 2, 2023
On October 03 2023 SolarEdge Technologies was traded for 114.50 at the closing time. The highest daily price throughout the period was 118.04 and the lowest price was 113.14 . The daily volume was 247. The net trading volume on 10/03/2023 added to the next day price reduction. The daily price change to closing price of the next trading day was 1.29% . The trading price change to current closing price is 3.02% . |
SolarEdge Technologies Fundamentals Correlations and Trends
By evaluating SolarEdge Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SolarEdge Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SolarEdge financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SolarEdge Technologies Stock history
SolarEdge Technologies 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 SolarEdge is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SolarEdge Technologies 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 SolarEdge Technologies stock prices may prove useful in developing a viable investing in SolarEdge Technologies
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations worldwide. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel. SOLAREDGE TECHN operates under Solar classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1737 people.
SolarEdge Technologies Stock Technical Analysis
SolarEdge Technologies 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.
Price Boundaries
SolarEdge Technologies Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
SolarEdge Technologies cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
SolarEdge Technologies November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how SolarEdge Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SolarEdge Technologies shares will generate the highest return on investment. By undertsting and applying SolarEdge Technologies stock market strength indicators, traders can identify SolarEdge Technologies entry and exit signals to maximize returns
SolarEdge Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SolarEdge Technologies' price direction in advance. Along with the technical and fundamental analysis of SolarEdge Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SolarEdge 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 | (0.07) | |||
Jensen Alpha | (0.68) | |||
Total Risk Alpha | (1.54) | |||
Treynor Ratio | (1.29) |
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Complementary Tools for SolarEdge Stock analysis
When running SolarEdge Technologies' price analysis, check to measure SolarEdge Technologies' 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 SolarEdge Technologies is operating at the current time. Most of SolarEdge Technologies' value examination focuses on studying past and present price action to predict the probability of SolarEdge Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SolarEdge Technologies' price. Additionally, you may evaluate how the addition of SolarEdge Technologies to your portfolios can decrease your overall portfolio volatility.
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