Spineway (France) Price on September 25, 2024
| ALSPW Stock | EUR 0.12 0.04 46.70% |
If you're considering investing in Spineway Stock, it is important to understand the factors that can impact its price. As of today, the current price of Spineway stands at 0.12, as last reported on the 29th of November, with the highest price reaching 0.16 and the lowest price hitting 0.10 during the day. Spineway owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Spineway exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spineway's Variance of 137.55, coefficient of variation of (695.33), and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide.
Spineway Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Spineway |
Sharpe Ratio = -0.1316
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ALSPW |
Estimated Market Risk
| 11.89 actual daily | 96 96% of assets are less volatile |
Expected Return
| -1.56 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 Spineway 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 Spineway by adding Spineway to a well-diversified portfolio.
Spineway Valuation on September 25, 2024
It is possible to determine the worth of Spineway on a given historical date. On September 25, 2024 Spineway was worth 0.28 at the beginning of the trading date compared to the closed value of 0.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spineway stock. Still, in general, we apply an absolute valuation method to find Spineway'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 Spineway where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spineway's related companies.
| Open | High | Low | Close | Volume | |
| 0.31 | 0.33 | 0.26 | 0.27 | 259,421 | |
09/25/2024 | 0.28 | 0.28 | 0.25 | 0.26 | 173,308 |
| 0.26 | 0.27 | 0.24 | 0.24 | 385,383 |
| Backtest Spineway | | | Spineway History | | | Spineway Valuation | Previous | Next |
Spineway Trading Date Momentum on September 25, 2024
| On September 26 2024 Spineway was traded for 0.24 at the closing time. The highest price during the trading period was 0.27 and the lowest recorded bid was listed for 0.24 . The volume for the day was 385.4 K. This history from September 26, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 7.69% . The trading price change to the current price is 26.92% . |
Spineway Fundamentals Correlations and Trends
By evaluating Spineway'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 Spineway's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spineway financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spineway Stock history
Spineway 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 Spineway is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spineway 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 Spineway stock prices may prove useful in developing a viable investing in Spineway
Spineway SA engages in the design, manufacture, and marketing of implants and surgical instruments for treating disorder of spinal column. Spineway SA was incorporated in 2005 and is headquartered in Ecully, France. SPINEWAY operates under Medical Instruments Supplies classification in France and is traded on Paris Stock Exchange. It employs 34 people.
Spineway Stock Technical Analysis
Spineway 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
Spineway Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Spineway cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Paris. 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.
Spineway November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Spineway stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spineway shares will generate the highest return on investment. By undertsting and applying Spineway stock market strength indicators, traders can identify Spineway entry and exit signals to maximize returns
Spineway Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spineway's price direction in advance. Along with the technical and fundamental analysis of Spineway Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spineway 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 | (0.10) | |||
| Jensen Alpha | (1.66) | |||
| Total Risk Alpha | (3.46) | |||
| Treynor Ratio | 4.83 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Spineway Stock Analysis
When running Spineway's price analysis, check to measure Spineway'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 Spineway is operating at the current time. Most of Spineway's value examination focuses on studying past and present price action to predict the probability of Spineway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spineway's price. Additionally, you may evaluate how the addition of Spineway to your portfolios can decrease your overall portfolio volatility.