Eureka Acquisition Corp Stock Price on November 14, 2024
| EURK Stock | 10.12 0.01 0.1% |
If you're considering investing in Eureka Stock, it is important to understand the factors that can impact its price. As of today, the current price of Eureka Acquisition stands at 10.12, as last reported on the 28th of November, with the highest price reaching 10.12 and the lowest price hitting 10.12 during the day. Eureka Acquisition is out of control given 3 months investment horizon. Eureka Acquisition Corp secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-six different technical indicators, which can help you to evaluate if expected returns of 17.87% are justified by taking the suggested risk. Use Eureka Acquisition Standard Deviation of 0.0783, mean deviation of 0.0513, and Coefficient Of Variation of 480.88 to evaluate company specific risk that cannot be diversified away.
Eureka Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Eureka |
Sharpe Ratio = 0.1338
| Best Portfolio | Best Equity | EURK | ||
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Estimated Market Risk
| 133.63 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Eureka Acquisition 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 Eureka Acquisition by adding it to a well-diversified portfolio.
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Eureka Acquisition Valuation on November 14, 2024
It is possible to determine the worth of Eureka Acquisition on a given historical date. On November 14, 2024 Eureka was worth 10.1 at the beginning of the trading date compared to the closed value of 10.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eureka Acquisition stock. Still, in general, we apply an absolute valuation method to find Eureka Acquisition'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 Eureka Acquisition where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eureka Acquisition's related companies.
| Open | High | Low | Close | Volume | |
| 10.10 | 10.10 | 10.10 | 10.10 | 1.00 | |
11/14/2024 | 10.10 | 10.10 | 10.10 | 10.10 | 1.00 |
| 10.12 | 10.13 | 10.11 | 10.12 | 17,537 |
| Backtest Eureka Acquisition | | | Eureka Acquisition History | | | Eureka Acquisition Valuation | Previous | Next |
Eureka Acquisition Trading Date Momentum on November 14, 2024
| On November 15 2024 Eureka Acquisition Corp was traded for 10.12 at the closing time. The top price for the day was 10.13 and the lowest listed price was 10.11 . The trading volume for the day was 17.5 K. The trading history from November 15, 2024 was a factor to the next trading day price upswing. The overall trading delta against the next closing price was 0.20% . The overall trading delta against the current closing price is 0.10% . |
About Eureka Acquisition Stock history
Eureka Acquisition 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 Eureka is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eureka Acquisition Corp 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 Eureka Acquisition stock prices may prove useful in developing a viable investing in Eureka Acquisition
Eureka Acquisition Stock Technical Analysis
Eureka Acquisition 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
Eureka Acquisition Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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Eureka Acquisition November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Eureka Acquisition stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eureka Acquisition shares will generate the highest return on investment. By undertsting and applying Eureka Acquisition stock market strength indicators, traders can identify Eureka Acquisition Corp entry and exit signals to maximize returns
Eureka Acquisition Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eureka Acquisition's price direction in advance. Along with the technical and fundamental analysis of Eureka Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eureka 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 | 0.0714 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.82) | |||
| Treynor Ratio | (0.46) |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eureka Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Trading 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 Eureka Acquisition. If investors know Eureka 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 Eureka Acquisition 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 Eureka Acquisition Corp is measured differently than its book value, which is the value of Eureka that is recorded on the company's balance sheet. Investors also form their own opinion of Eureka Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Eureka Acquisition'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 Eureka Acquisition's market value can be influenced by many factors that don't directly affect Eureka Acquisition'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 Eureka Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eureka Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eureka Acquisition'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.