Altus Power Etf Price on May 14, 2024
| AMPS Etf | USD 4.22 0.06 1.40% |
If you're considering investing in Altus Etf, it is important to understand the factors that can impact its price. As of today, the current price of Altus Power stands at 4.22, as last reported on the 26th of November, with the highest price reaching 4.30 and the lowest price hitting 4.13 during the day. Altus Power appears to be risky, given 3 months investment horizon. Altus Power secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. By analyzing Altus Power's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of Altus Power's Mean Deviation of 4.19, risk adjusted performance of 0.0924, and Downside Deviation of 5.14 to double-check if our risk estimates are consistent with your expectations.
Altus Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Altus |
Sharpe Ratio = 0.1124
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Estimated Market Risk
| 6.49 actual daily | 57 57% of assets are less volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Altus Power is performing at about 8% 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 Altus Power by adding it to a well-diversified portfolio.
Price Book 1.3302 | Enterprise Value Ebitda 17.1031 | Price Sales 3.6819 | Shares Float 57.2 M | Wall Street Target Price 5.5 |
Related Headline
Fluence Energy Headline on 14th of May 2024
Acquisition by Siemens Industry, Inc. of 58586695 shares of ... by Siemens Industry, Inc.
Filed transaction by Fluence Energy Director . Grant, award or other acquisition pursuant to Rule 16b-3
Altus Power Valuation on May 14, 2024
It is possible to determine the worth of Altus Power on a given historical date. On May 14, 2024 Altus was worth 4.49 at the beginning of the trading date compared to the closed value of 4.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altus Power etf. Still, in general, we apply an absolute valuation method to find Altus Power'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 Altus Power where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altus Power's related companies.
| Open | High | Low | Close | Volume | |
| 4.50 | 4.74 | 4.50 | 4.54 | 1,074,859 | |
05/14/2024 | 4.49 | 4.64 | 3.92 | 4.22 | 3,688,694 |
| 4.14 | 4.32 | 4.05 | 4.17 | 1,393,608 |
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Altus Power Trading Date Momentum on May 14, 2024
| On May 15 2024 Altus Power was traded for 4.17 at the closing time. The top price for the day was 4.32 and the lowest listed price was 4.05 . The trading volume for the day was 1.4 M. The trading history from May 15, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.18% . The overall trading delta against the current closing price is 9.95% . |
Altus Power Fundamentals Correlations and Trends
By evaluating Altus Power'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 Altus Power's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Altus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Altus Power Etf history
Altus Power 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 Altus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altus Power 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 Altus Power stock prices may prove useful in developing a viable investing in Altus Power
Altus Power, Inc., a clean electrification company, originates, develops, owns, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. Altus Power is listed under UtilitiesRenewable in the United States and is traded on New York Stock Exchange exchange.
Altus Power Etf Technical Analysis
Altus Power technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
Altus Power Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Altus Power cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Altus Power November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Altus Power etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altus Power shares will generate the highest return on investment. By undertsting and applying Altus Power etf market strength indicators, traders can identify Altus Power entry and exit signals to maximize returns
Altus Power Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Altus Power's price direction in advance. Along with the technical and fundamental analysis of Altus Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altus 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 | 0.0924 | |||
| Jensen Alpha | 0.5609 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.1109 | |||
| Treynor Ratio | 0.6407 |
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Other Information on Investing in Altus Etf
Altus Power financial ratios help investors to determine whether Altus Etf 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 Altus with respect to the benefits of owning Altus Power security.