Confluent Stock Price on January 4, 2024
| CFLT Stock | USD 30.84 0.27 0.88% |
If you're considering investing in Confluent Stock, it is important to understand the factors that can impact its price. As of today, the current price of Confluent stands at 30.84, as last reported on the 1st of December, with the highest price reaching 31.21 and the lowest price hitting 30.50 during the day. Confluent appears to be very steady, given 3 months investment horizon. Confluent secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By analyzing Confluent's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please makes use of Confluent's Risk Adjusted Performance of 0.166, downside deviation of 2.79, and Mean Deviation of 2.34 to double-check if our risk estimates are consistent with your expectations.
Other Stockholder Equity is likely to gain to about 2.6 B in 2024, whereas Total Stockholder Equity is likely to drop slightly above 438.5 M in 2024. . At this time, Confluent's Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 1.80 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop (71.28) in 2024. Confluent Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Confluent |
Sharpe Ratio = 0.2148
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Estimated Market Risk
| 3.27 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.7 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Confluent is performing at about 16% 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 Confluent by adding it to a well-diversified portfolio.
Price Book 10.8265 | Enterprise Value Ebitda (18.93) | Price Sales 10.951 | Shares Float 248.7 M | Wall Street Target Price 31.72 |
Confluent Valuation on January 4, 2024
It is possible to determine the worth of Confluent on a given historical date. On January 4, 2024 Confluent was worth 21.57 at the beginning of the trading date compared to the closed value of 21.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Confluent stock. Still, in general, we apply an absolute valuation method to find Confluent'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 Confluent where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Confluent's related companies.
| Open | High | Low | Close | Volume | |
| 22.11 | 22.56 | 21.71 | 21.74 | 5,192,100 | |
01/04/2024 | 21.57 | 22.00 | 21.32 | 21.71 | 3,875,500 |
| 21.46 | 22.46 | 21.46 | 22.25 | 3,277,600 |
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Confluent Trading Date Momentum on January 4, 2024
| On January 05 2024 Confluent was traded for 22.25 at the closing time. The top price for the day was 22.46 and the lowest listed price was 21.46 . The trading volume for the day was 3.3 M. The trading history from January 5, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 2.49% . The overall trading delta against the current closing price is 1.70% . |
Confluent Fundamentals Correlations and Trends
By evaluating Confluent'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 Confluent's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Confluent financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Confluent Stock history
Confluent 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 Confluent is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Confluent 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 Confluent stock prices may prove useful in developing a viable investing in Confluent
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 300.7 M | 298.6 M | |
| Net Loss | -407.3 M | -427.7 M |
Confluent Quarterly Net Working Capital |
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Confluent Stock Technical Analysis
Confluent 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
Confluent Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Confluent 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.
Confluent December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Confluent stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Confluent shares will generate the highest return on investment. By undertsting and applying Confluent stock market strength indicators, traders can identify Confluent entry and exit signals to maximize returns
Confluent Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Confluent's price direction in advance. Along with the technical and fundamental analysis of Confluent Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Confluent 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 | 0.166 | |||
| Jensen Alpha | 0.5245 | |||
| Total Risk Alpha | 0.1216 | |||
| Sortino Ratio | 0.1937 | |||
| Treynor Ratio | 0.5934 |
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Additional Tools for Confluent Stock Analysis
When running Confluent's price analysis, check to measure Confluent'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 Confluent is operating at the current time. Most of Confluent's value examination focuses on studying past and present price action to predict the probability of Confluent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Confluent's price. Additionally, you may evaluate how the addition of Confluent to your portfolios can decrease your overall portfolio volatility.