Audax Renovables (Spain) Price on September 2, 2024
ADX Stock | EUR 1.66 0.02 1.19% |
If you're considering investing in Audax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Audax Renovables stands at 1.66, as last reported on the 27th of November, with the highest price reaching 1.67 and the lowest price hitting 1.64 during the day. Audax Renovables secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Audax Renovables SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Audax Renovables' risk adjusted performance of (0.07), and Mean Deviation of 1.08 to double-check the risk estimate we provide.
Audax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Audax |
Sharpe Ratio = -0.1259
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Estimated Market Risk
1.58 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Audax Renovables 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 Audax Renovables by adding Audax Renovables to a well-diversified portfolio.
Audax Renovables Valuation on September 2, 2024
It is possible to determine the worth of Audax Renovables on a given historical date. On September 2, 2024 Audax was worth 1.87 at the beginning of the trading date compared to the closed value of 1.88. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Audax Renovables stock. Still, in general, we apply an absolute valuation method to find Audax Renovables' 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 Audax Renovables where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Audax Renovables' related companies.
Open | High | Low | Close | Volume | |
1.89 | 1.91 | 1.86 | 1.86 | 801,903 | |
09/02/2024 | 1.87 | 1.89 | 1.87 | 1.88 | 79,708 |
1.88 | 1.88 | 1.83 | 1.83 | 116,816 |
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Audax Renovables Trading Date Momentum on September 2, 2024
On September 03 2024 Audax Renovables SA was traded for 1.83 at the closing time. The maximum traded price for the trading interval was 1.88 and the lowest daily price was 1.83 . The daily volume was recorded at 116.8 K. The volume of trading on 3rd of September 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 2.66% . The overall trading delta to the closing price today is 1.60% . |
Audax Renovables Fundamentals Correlations and Trends
By evaluating Audax Renovables' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Audax Renovables' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Audax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Audax Renovables Stock history
Audax Renovables 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 Audax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Audax Renovables 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 Audax Renovables stock prices may prove useful in developing a viable investing in Audax Renovables
Audax Renovables, S.A. engages in the generation and supplying of renewable electricity and gas in Spain, Portugal, Italy, Germany, Poland, the Netherlands, and Hungary. The company was incorporated in 2000 and is based in Badalona, Spain. AUDAX RENOVABLES operates under UtilitiesRenewable classification in Spain and is traded on Madrid SE C.A.T.S.. It employs 757 people.
Audax Renovables Stock Technical Analysis
Audax Renovables 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
Audax Renovables Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Audax Renovables SA cannot be verified against its exchange. Please verify the symbol is currently traded on Madrid 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.
Audax Renovables November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Audax Renovables stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Audax Renovables shares will generate the highest return on investment. By undertsting and applying Audax Renovables stock market strength indicators, traders can identify Audax Renovables SA entry and exit signals to maximize returns
Audax Renovables Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Audax Renovables' price direction in advance. Along with the technical and fundamental analysis of Audax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Audax 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 | (0.15) | |||
Total Risk Alpha | (0.40) | |||
Treynor Ratio | 3.35 |
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Volume Indicators |
Complementary Tools for Audax Stock analysis
When running Audax Renovables' price analysis, check to measure Audax Renovables' 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 Audax Renovables is operating at the current time. Most of Audax Renovables' value examination focuses on studying past and present price action to predict the probability of Audax Renovables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Audax Renovables' price. Additionally, you may evaluate how the addition of Audax Renovables to your portfolios can decrease your overall portfolio volatility.
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