Axon Enterprise Stock Price on November 20, 2024
| AXON Stock | USD 636.95 5.68 0.90% |
If you're considering investing in Axon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Axon Enterprise stands at 636.95, as last reported on the 25th of November, with the highest price reaching 641.20 and the lowest price hitting 623.51 during the day. Axon Enterprise appears to be very steady, given 3 months investment horizon. Axon Enterprise secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. By analyzing Axon Enterprise's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of Axon Enterprise's Mean Deviation of 1.62, downside deviation of 1.41, and Risk Adjusted Performance of 0.1958 to double-check if our risk estimates are consistent with your expectations.
Axon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Axon |
Sharpe Ratio = 0.2449
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Estimated Market Risk
| 3.85 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.94 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Axon Enterprise is performing at about 19% 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 Axon Enterprise by adding it to a well-diversified portfolio.
Axon Enterprise Valuation on November 20, 2024
It is possible to determine the worth of Axon Enterprise on a given historical date. On November 20, 2024 Axon was worth 609.18 at the beginning of the trading date compared to the closed value of 609.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Axon Enterprise stock. Still, in general, we apply an absolute valuation method to find Axon Enterprise'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 Axon Enterprise where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Axon Enterprise's related companies.
| Open | High | Low | Close | Volume | |
| 598.30 | 618.07 | 598.01 | 610.20 | 1,064,447 | |
11/20/2024 | 609.18 | 613.25 | 598.95 | 609.82 | 572,393 |
| 621.99 | 640.51 | 611.00 | 631.27 | 885,206 |
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Axon Enterprise Trading Date Momentum on November 20, 2024
| On November 21 2024 Axon Enterprise was traded for 631.27 at the closing time. The top price for the day was 640.51 and the lowest listed price was 611.00 . The trading volume for the day was 885.2 K. The trading history from November 21, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 3.52% . The overall trading delta against the current closing price is 4.21% . |
Axon Enterprise Fundamentals Correlations and Trends
By evaluating Axon Enterprise'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 Axon Enterprise's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Axon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Axon Enterprise Stock history
Axon Enterprise 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 Axon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Axon Enterprise 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 Axon Enterprise stock prices may prove useful in developing a viable investing in Axon Enterprise
Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices under the TASER brand in the United States and internationally. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona. Axon Enterprise operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 2148 people.
Axon Enterprise Stock Technical Analysis
Axon Enterprise 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
Axon Enterprise Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Axon Enterprise 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.
Axon Enterprise November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Axon Enterprise stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Axon Enterprise shares will generate the highest return on investment. By undertsting and applying Axon Enterprise stock market strength indicators, traders can identify Axon Enterprise entry and exit signals to maximize returns
Axon Enterprise Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Axon Enterprise's price direction in advance. Along with the technical and fundamental analysis of Axon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Axon 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 | 0.1958 | |||
| Jensen Alpha | 0.9361 | |||
| Total Risk Alpha | 0.327 | |||
| Sortino Ratio | 0.5769 | |||
| Treynor Ratio | (52.18) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axon Enterprise. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Axon Stock, please use our How to Invest in Axon Enterprise guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Axon Enterprise. If investors know Axon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Axon Enterprise listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Axon Enterprise is measured differently than its book value, which is the value of Axon that is recorded on the company's balance sheet. Investors also form their own opinion of Axon Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Axon Enterprise's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Axon Enterprise's market value can be influenced by many factors that don't directly affect Axon Enterprise's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Axon Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axon Enterprise is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axon Enterprise's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.