SPIRIT AIRLINES (Germany) Price on October 24, 2024
S64 Stock | EUR 0.96 0.00 0.00% |
If you're considering investing in SPIRIT Stock, it is important to understand the factors that can impact its price. As of today, the current price of SPIRIT AIRLINES stands at 0.96, as last reported on the 12th of December 2024, with the highest price reaching 0.96 and the lowest price hitting 0.96 during the day. SPIRIT AIRLINES owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0138, which indicates the firm had a -0.0138% return per unit of volatility over the last 3 months. SPIRIT AIRLINES exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPIRIT AIRLINES's risk adjusted performance of (0.0004), and Variance of 170.25 to confirm the risk estimate we provide.
SPIRIT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SPIRIT |
Sharpe Ratio = -0.0138
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Estimated Market Risk
14.26 actual daily | 96 96% of assets are less volatile |
Expected Return
-0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SPIRIT AIRLINES 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 SPIRIT AIRLINES by adding SPIRIT AIRLINES to a well-diversified portfolio.
SPIRIT AIRLINES Valuation on October 24, 2024
It is possible to determine the worth of SPIRIT AIRLINES on a given historical date. On October 24, 2024 SPIRIT was worth 2.81 at the beginning of the trading date compared to the closed value of 2.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SPIRIT AIRLINES stock. Still, in general, we apply an absolute valuation method to find SPIRIT AIRLINES'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 SPIRIT AIRLINES where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SPIRIT AIRLINES's related companies.
Open | High | Low | Close | Volume | |
2.30 | 2.30 | 2.30 | 2.30 | 200.00 | |
10/24/2024 | 2.81 | 2.81 | 2.81 | 2.81 | 200.00 |
2.31 | 2.31 | 2.31 | 2.31 | 200.00 |
Backtest SPIRIT AIRLINES | | | SPIRIT AIRLINES History | | | SPIRIT AIRLINES Valuation | Previous | Next |
SPIRIT AIRLINES Trading Date Momentum on October 24, 2024
On October 25 2024 SPIRIT AIRLINES was traded for 2.31 at the closing time. The maximum traded price for the trading interval was 2.31 and the lowest daily price was 2.31 . The daily volume was recorded at 200. The volume of trading on 25th of October 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 17.79% . The trading price change to the closing price today is 22.06% . |
SPIRIT AIRLINES Fundamentals Correlations and Trends
By evaluating SPIRIT AIRLINES'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 SPIRIT AIRLINES's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SPIRIT financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SPIRIT AIRLINES Stock history
SPIRIT AIRLINES 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 SPIRIT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SPIRIT AIRLINES 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 SPIRIT AIRLINES stock prices may prove useful in developing a viable investing in SPIRIT AIRLINES
SPIRIT AIRLINES Stock Technical Analysis
SPIRIT AIRLINES 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
SPIRIT AIRLINES Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
SPIRIT AIRLINES cannot be verified against its exchange. Please verify the symbol is currently traded on Berlin 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.
SPIRIT AIRLINES December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how SPIRIT AIRLINES stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPIRIT AIRLINES shares will generate the highest return on investment. By undertsting and applying SPIRIT AIRLINES stock market strength indicators, traders can identify SPIRIT AIRLINES entry and exit signals to maximize returns
SPIRIT AIRLINES Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SPIRIT AIRLINES's price direction in advance. Along with the technical and fundamental analysis of SPIRIT Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPIRIT 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 | (0.0004) | |||
Jensen Alpha | (0.58) | |||
Total Risk Alpha | (2.26) | |||
Treynor Ratio | (0.05) |
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Volume Indicators |
Complementary Tools for SPIRIT Stock analysis
When running SPIRIT AIRLINES's price analysis, check to measure SPIRIT AIRLINES'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 SPIRIT AIRLINES is operating at the current time. Most of SPIRIT AIRLINES's value examination focuses on studying past and present price action to predict the probability of SPIRIT AIRLINES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPIRIT AIRLINES's price. Additionally, you may evaluate how the addition of SPIRIT AIRLINES to your portfolios can decrease your overall portfolio volatility.
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