INNOVATEC SPA (Germany) Price on November 25, 2024
| 5JT Stock | EUR 0.92 0.06 6.98% |
If you're considering investing in INNOVATEC Stock, it is important to understand the factors that can impact its price. As of today, the current price of INNOVATEC SPA stands at 0.92, as last reported on the 12th of December 2024, with the highest price reaching 0.92 and the lowest price hitting 0.92 during the day. INNOVATEC SPA appears to be abnormally volatile, given 3 months investment horizon. INNOVATEC SPA holds Efficiency (Sharpe) Ratio of 0.0658, which attests that the entity had a 0.0658% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for INNOVATEC SPA, which you can use to evaluate the volatility of the firm. Please utilize INNOVATEC SPA's risk adjusted performance of 0.0215, and Market Risk Adjusted Performance of (0.05) to validate if our risk estimates are consistent with your expectations.
INNOVATEC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
INNOVATEC |
Sharpe Ratio = 0.0658
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Estimated Market Risk
| 5.13 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average INNOVATEC SPA is performing at about 5% 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 INNOVATEC SPA by adding it to a well-diversified portfolio.
INNOVATEC SPA Valuation on November 25, 2024
It is possible to determine the worth of INNOVATEC SPA on a given historical date. On November 25, 2024 INNOVATEC was worth 0.74 at the beginning of the trading date compared to the closed value of 0.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of INNOVATEC SPA stock. Still, in general, we apply an absolute valuation method to find INNOVATEC SPA'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 INNOVATEC SPA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against INNOVATEC SPA's related companies.
| Open | High | Low | Close | Volume | |
| 0.74 | 0.74 | 0.74 | 0.74 | 1.00 | |
11/25/2024 | 0.74 | 0.74 | 0.74 | 0.74 | 1.00 |
| 0.80 | 0.89 | 0.80 | 0.89 | 1.00 |
| Backtest INNOVATEC SPA | | | INNOVATEC SPA History | | | INNOVATEC SPA Valuation | Previous | Next |
INNOVATEC SPA Trading Date Momentum on November 25, 2024
| On November 26 2024 INNOVATEC SPA was traded for 0.89 at the closing time. The highest daily price throughout the period was 0.89 and the lowest price was 0.80 . There was no trading activity during the period 1.0. Lack of trading volume on 11/26/2024 added to the next day price rise. The daily price change to closing price of the next trading day was 20.27% . The trading delta at closing time to current closing price is 10.81% . |
INNOVATEC SPA Fundamentals Correlations and Trends
By evaluating INNOVATEC SPA'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 INNOVATEC SPA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. INNOVATEC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About INNOVATEC SPA Stock history
INNOVATEC SPA 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 INNOVATEC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in INNOVATEC SPA 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 INNOVATEC SPA stock prices may prove useful in developing a viable investing in INNOVATEC SPA
Innovatec S.p.A. provides technologies, products, and services in the areas of energy efficiency and energy storage in Italy. Innovatec S.p.A. is a subsidiary of Gruppo Waste Italia S.p.A. INNOVATEC operates under UtilitiesRegulated Electric classification in Germany and is traded on Frankfurt Stock Exchange. It employs 212 people.
INNOVATEC SPA Stock Technical Analysis
INNOVATEC SPA 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
INNOVATEC SPA Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
INNOVATEC SPA 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.
INNOVATEC SPA December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how INNOVATEC SPA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading INNOVATEC SPA shares will generate the highest return on investment. By undertsting and applying INNOVATEC SPA stock market strength indicators, traders can identify INNOVATEC SPA entry and exit signals to maximize returns
INNOVATEC SPA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for INNOVATEC SPA's price direction in advance. Along with the technical and fundamental analysis of INNOVATEC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of INNOVATEC 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 | 0.0215 | |||
| Jensen Alpha | 0.2373 | |||
| Total Risk Alpha | (0.75) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.06) |
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| Math Transform | ||
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| Volume Indicators |
Complementary Tools for INNOVATEC Stock analysis
When running INNOVATEC SPA's price analysis, check to measure INNOVATEC SPA'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 INNOVATEC SPA is operating at the current time. Most of INNOVATEC SPA's value examination focuses on studying past and present price action to predict the probability of INNOVATEC SPA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move INNOVATEC SPA's price. Additionally, you may evaluate how the addition of INNOVATEC SPA to your portfolios can decrease your overall portfolio volatility.
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