EDreams Odigeo (Spain) Price on November 4, 2024
If you're considering investing in EDreams Stock, it is important to understand the factors that can impact its price. At this point, EDreams Odigeo is not too volatile. eDreams Odigeo SA secures Sharpe Ratio (or Efficiency) of 0.0049, which denotes the company had a 0.0049% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for eDreams Odigeo SA, which you can use to evaluate the volatility of the firm. Please confirm EDreams Odigeo's Downside Deviation of 1.58, semi deviation of 1.44, and Risk Adjusted Performance of 0.0089 to check if the risk estimate we provide is consistent with the expected return of 0.0077%.
EDreams Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
EDreams |
Sharpe Ratio = 0.0049
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Estimated Market Risk
| 1.58 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average EDreams Odigeo is not performing at its full potential. However, 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 EDreams Odigeo by adding EDreams Odigeo to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
EDreams Odigeo Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
eDreams Odigeo SA cannot be verified against its exchange. Please verify the symbol is currently traded on Madrid 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.
EDreams Odigeo November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how EDreams Odigeo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EDreams Odigeo shares will generate the highest return on investment. By undertsting and applying EDreams Odigeo stock market strength indicators, traders can identify eDreams Odigeo SA entry and exit signals to maximize returns
EDreams Odigeo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for EDreams Odigeo's price direction in advance. Along with the technical and fundamental analysis of EDreams Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of EDreams 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 | 0.0089 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.05) |
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Complementary Tools for EDreams Stock analysis
When running EDreams Odigeo's price analysis, check to measure EDreams Odigeo'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 EDreams Odigeo is operating at the current time. Most of EDreams Odigeo's value examination focuses on studying past and present price action to predict the probability of EDreams Odigeo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDreams Odigeo's price. Additionally, you may evaluate how the addition of EDreams Odigeo to your portfolios can decrease your overall portfolio volatility.
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