Phunware Stock Price on October 21, 2024
| PHUN Stock | USD 4.41 0.03 0.68% |
If you're considering investing in Phunware Stock, it is important to understand the factors that can impact its price. As of today, the current price of Phunware stands at 4.41, as last reported on the 28th of November, with the highest price reaching 4.55 and the lowest price hitting 4.34 during the day. Phunware is extremely dangerous given 3 months investment horizon. Phunware maintains Sharpe Ratio (i.e., Efficiency) of 0.0935, which implies the firm had a 0.0935% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use Phunware Coefficient Of Variation of 1069.54, risk adjusted performance of 0.081, and Semi Deviation of 10.01 to evaluate company specific risk that cannot be diversified away.
Phunware Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Phunware |
Sharpe Ratio = 0.0935
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Estimated Market Risk
| 11.74 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.1 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Phunware is performing at about 7% 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 Phunware by adding it to a well-diversified portfolio.
Related Headline
Beamr Imaging Headline on 21st of October 2024
Beamr to Present at the ThinkEquity Conference by finance.yahoo.com
Herzliya, Israel, Oct. 21, 2024 -- Beamr Imaging Ltd. , a leader in video optimization technology and solutions, today announced the Company will present at the following investor conference EventThe ThinkEquity ConferenceDateOctober 30, 2024Time1030 am ETLocationNew York, NYPresentersSharon Carmel, Founder and Chief Executive Officer Danny Sandler, Chief Financial Officer Beamr Investors website httpswww.investors.beamr.com About Beamr Beamr Nasdaq BM
Phunware Valuation on October 21, 2024
It is possible to determine the worth of Phunware on a given historical date. On October 21, 2024 Phunware was worth 6.9 at the beginning of the trading date compared to the closed value of 8.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Phunware stock. Still, in general, we apply an absolute valuation method to find Phunware'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 Phunware where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Phunware's related companies.
| Open | High | Low | Close | Volume | |
| 7.15 | 7.65 | 6.46 | 6.77 | 5,272,047 | |
10/21/2024 | 6.90 | 8.44 | 6.53 | 8.41 | 6,590,336 |
| 9.30 | 13.37 | 9.03 | 11.64 | 64,219,102 |
| Backtest Phunware | | | Phunware History | | | Phunware Valuation | Previous | Next |
Phunware Trading Date Momentum on October 21, 2024
| On October 22 2024 Phunware was traded for 11.64 at the closing time. The top price for the day was 13.37 and the lowest listed price was 9.03 . The trading volume for the day was 64.2 M. The trading history from October 22, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 38.41% . The trading delta at closing time against the current closing price is 11.06% . |
Phunware Fundamentals Correlations and Trends
By evaluating Phunware'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 Phunware's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Phunware financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Phunware Stock history
Phunware 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 Phunware is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Phunware 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 Phunware stock prices may prove useful in developing a viable investing in Phunware
Phunware, Inc., together with its subsidiaries, offers integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company was founded in 2009 and is headquartered in Austin, Texas. Phunware operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 120 people.
Phunware Stock Technical Analysis
Phunware 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
Phunware Period Price Range
Low | November 28, 2024
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0.00 | 0.00 |
Phunware 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.
Phunware November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Phunware stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Phunware shares will generate the highest return on investment. By undertsting and applying Phunware stock market strength indicators, traders can identify Phunware entry and exit signals to maximize returns
Phunware Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Phunware's price direction in advance. Along with the technical and fundamental analysis of Phunware Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Phunware 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 | 0.081 | |||
| Jensen Alpha | 0.8925 | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | 0.0921 | |||
| Treynor Ratio | 0.6417 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phunware. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Phunware Stock, please use our How to Invest in Phunware guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Systems Software 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 Phunware. If investors know Phunware 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 Phunware 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 Phunware is measured differently than its book value, which is the value of Phunware that is recorded on the company's balance sheet. Investors also form their own opinion of Phunware's value that differs from its market value or its book value, called intrinsic value, which is Phunware'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 Phunware's market value can be influenced by many factors that don't directly affect Phunware'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 Phunware's value and its price as these two are different measures arrived at by different means. Investors typically determine if Phunware is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phunware'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.