Appen (Australia) Price on November 20, 2024
| APX Stock | 2.17 0.01 0.46% |
If you're considering investing in Appen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Appen stands at 2.17, as last reported on the 11th of December 2024, with the highest price reaching 2.21 and the lowest price hitting 2.11 during the day. Appen appears to be out of control, given 3 months investment horizon. Appen secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Appen's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of Appen's Mean Deviation of 4.54, risk adjusted performance of 0.1258, and Downside Deviation of 4.92 to double-check if our risk estimates are consistent with your expectations.
Appen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Appen |
Sharpe Ratio = 0.1281
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Estimated Market Risk
| 5.77 actual daily | 51 51% of assets are less volatile |
Expected Return
| 0.74 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Appen is performing at about 10% 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 Appen by adding it to a well-diversified portfolio.
Appen Valuation on November 20, 2024
It is possible to determine the worth of Appen on a given historical date. On November 20, 2024 Appen was worth 2.62 at the beginning of the trading date compared to the closed value of 2.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Appen stock. Still, in general, we apply an absolute valuation method to find Appen'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 Appen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Appen's related companies.
| Open | High | Low | Close | Volume | |
| 2.61 | 2.72 | 2.58 | 2.59 | 6,982,815 | |
11/20/2024 | 2.62 | 2.64 | 2.22 | 2.24 | 17,561,986 |
| 2.27 | 2.31 | 2.11 | 2.20 | 13,725,993 |
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Appen Trading Date Momentum on November 20, 2024
| On November 21 2024 Appen was traded for 2.20 at the closing time. The maximum traded price for the trading interval was 2.31 and the lowest daily price was 2.11 . The daily volume was recorded at 13.7 M. The volume of trading on 21st of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.79% . The overall trading delta to the closing price today is 7.14% . |
Appen Fundamentals Correlations and Trends
By evaluating Appen'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 Appen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Appen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Appen Stock history
Appen 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 Appen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Appen 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 Appen stock prices may prove useful in developing a viable investing in Appen
Appen Stock Technical Analysis
Appen 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
Appen Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Appen December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Appen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Appen shares will generate the highest return on investment. By undertsting and applying Appen stock market strength indicators, traders can identify Appen entry and exit signals to maximize returns
Appen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Appen's price direction in advance. Along with the technical and fundamental analysis of Appen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Appen 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 | 0.1258 | |||
| Jensen Alpha | 0.833 | |||
| Total Risk Alpha | 0.0115 | |||
| Sortino Ratio | 0.1734 | |||
| Treynor Ratio | 0.8222 |
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Additional Tools for Appen Stock Analysis
When running Appen's price analysis, check to measure Appen'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 Appen is operating at the current time. Most of Appen's value examination focuses on studying past and present price action to predict the probability of Appen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Appen's price. Additionally, you may evaluate how the addition of Appen to your portfolios can decrease your overall portfolio volatility.