Red Electrica Corporacion Stock Price on September 10, 2024
RDEIY Stock | USD 8.85 0.12 1.34% |
If you're considering investing in Red Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Red Electrica stands at 8.85, as last reported on the 29th of November, with the highest price reaching 8.85 and the lowest price hitting 8.85 during the day. Red Electrica Corporacion maintains Sharpe Ratio (i.e., Efficiency) of -0.0648, which implies the firm had a -0.0648% return per unit of risk over the last 3 months. Red Electrica Corporacion exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Red Electrica's Variance of 1.59, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,775) to confirm the risk estimate we provide.
Red Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Red |
Sharpe Ratio = -0.0648
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Estimated Market Risk
1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Red Electrica 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 Red Electrica by adding Red Electrica to a well-diversified portfolio.
Red Electrica Valuation on September 10, 2024
It is possible to determine the worth of Red Electrica on a given historical date. On September 10, 2024 Red was worth 9.64 at the beginning of the trading date compared to the closed value of 9.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Red Electrica pink sheet. Still, in general, we apply an absolute valuation method to find Red Electrica'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 Red Electrica where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Red Electrica's related companies.
Open | High | Low | Close | Volume | |
9.59 | 9.61 | 9.59 | 9.59 | 2,900 | |
09/10/2024 | 9.64 | 9.64 | 9.61 | 9.63 | 19,073 |
9.56 | 9.60 | 9.55 | 9.60 | 11,200 |
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Red Electrica Trading Date Momentum on September 10, 2024
On September 11 2024 Red Electrica Corporacion was traded for 9.60 at the closing time. The highest daily price throughout the period was 9.60 and the lowest price was 9.55 . The daily volume was 11.2 K. The net trading volume on 09/11/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.31% . The trading delta at closing time to current closing price is 2.18% . |
Red Electrica Corporacion Fundamentals Correlations and Trends
By evaluating Red Electrica'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 Red Electrica's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Red financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Red Electrica Pink Sheet history
Red Electrica 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 Red is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Red Electrica Corporacion 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 Red Electrica stock prices may prove useful in developing a viable investing in Red Electrica
Red Elctrica Corporacin, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company was incorporated in 1985 and is based in Alcobendas, Spain. Red Electrica operates under UtilitiesRegulated Electric classification in the United States and is traded on OTC Exchange. It employs 2377 people.
Red Electrica Pink Sheet Technical Analysis
Red Electrica technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Red Electrica Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Red Electrica Corporacion cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Red Electrica November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Red Electrica pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Red Electrica shares will generate the highest return on investment. By undertsting and applying Red Electrica pink sheet market strength indicators, traders can identify Red Electrica Corporacion entry and exit signals to maximize returns
Red Electrica Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Red Electrica's price direction in advance. Along with the technical and fundamental analysis of Red Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Red 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 | (0.04) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.27) | |||
Treynor Ratio | 0.1636 |
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Additional Tools for Red Pink Sheet Analysis
When running Red Electrica's price analysis, check to measure Red Electrica'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 Red Electrica is operating at the current time. Most of Red Electrica's value examination focuses on studying past and present price action to predict the probability of Red Electrica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Electrica's price. Additionally, you may evaluate how the addition of Red Electrica to your portfolios can decrease your overall portfolio volatility.