Array Technologies Stock Price on November 25, 2024
| ARRY Stock | USD 7.00 0.34 5.11% |
If you're considering investing in Array Stock, it is important to understand the factors that can impact its price. As of today, the current price of Array Technologies stands at 7.00, as last reported on the 29th of November, with the highest price reaching 7.03 and the lowest price hitting 6.70 during the day. Array Technologies appears to be unstable, given 3 months investment horizon. Array Technologies secures Sharpe Ratio (or Efficiency) of 0.0554, which signifies that the company had a 0.0554% return per unit of risk over the last 3 months. We have found thirty technical indicators for Array Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Array Technologies' Risk Adjusted Performance of 0.0512, downside deviation of 5.77, and Mean Deviation of 4.56 to double-check if our risk estimates are consistent with your expectations.
Array Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Array |
Sharpe Ratio = 0.0554
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ARRY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.04 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Array Technologies is performing at about 4% 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 Array Technologies by adding it to a well-diversified portfolio.
Related Headline
Sunnova Energy Headline on 25th of November 2024
Nova Klbburinn hf. Framkvmd endurkaupatlunar viku 47 by globenewswire.com
47. viku 2024 keypti Nova Klbburinn hf. 3.010.000 eigin hluti a kaupveri 12.096.330 kr. samrmi vi eftirfarandi DagsetningTmiKeyptir...
Array Technologies Valuation on November 25, 2024
It is possible to determine the worth of Array Technologies on a given historical date. On November 25, 2024 Array was worth 6.9 at the beginning of the trading date compared to the closed value of 7.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Array Technologies stock. Still, in general, we apply an absolute valuation method to find Array Technologies' 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 Array Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Array Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 6.32 | 6.64 | 6.24 | 6.63 | 4,248,081 | |
11/25/2024 | 6.90 | 7.25 | 6.70 | 7.02 | 4,113,161 |
| 6.94 | 6.98 | 6.53 | 6.66 | 4,590,647 |
| Backtest Array Technologies | | | Array Technologies History | | | Array Technologies Valuation | Previous | Next |
Array Technologies Trading Date Momentum on November 25, 2024
| On November 26 2024 Array Technologies was traded for 6.66 at the closing time. The top price for the day was 6.98 and the lowest listed price was 6.53 . The trading volume for the day was 4.6 M. The trading history from November 26, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 5.13% . The overall trading delta against the current closing price is 3.85% . |
Array Technologies Fundamentals Correlations and Trends
By evaluating Array Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Array Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Array financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Array Technologies Stock history
Array Technologies 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 Array is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Array Technologies 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 Array Technologies stock prices may prove useful in developing a viable investing in Array Technologies
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico. Array Technologies operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 1118 people.
Array Technologies Stock Technical Analysis
Array Technologies 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
Array Technologies Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Array Technologies cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Array Technologies November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Array Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Array Technologies shares will generate the highest return on investment. By undertsting and applying Array Technologies stock market strength indicators, traders can identify Array Technologies entry and exit signals to maximize returns
Array Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Array Technologies' price direction in advance. Along with the technical and fundamental analysis of Array Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Array 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 | 0.0512 | |||
| Jensen Alpha | 0.3521 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.0363 | |||
| Treynor Ratio | (1.35) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Array Stock Analysis
When running Array Technologies' price analysis, check to measure Array Technologies' 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 Array Technologies is operating at the current time. Most of Array Technologies' value examination focuses on studying past and present price action to predict the probability of Array Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array Technologies' price. Additionally, you may evaluate how the addition of Array Technologies to your portfolios can decrease your overall portfolio volatility.