Shape Robotics (Denmark) Price on October 16, 2024
SHAPE Stock | DKK 20.00 2.00 9.09% |
If you're considering investing in Shape Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shape Robotics stands at 20.00, as last reported on the 27th of November, with the highest price reaching 21.90 and the lowest price hitting 19.80 during the day. Shape Robotics AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0234, which indicates the firm had a -0.0234% return per unit of risk over the last 3 months. Shape Robotics AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shape Robotics' Coefficient Of Variation of (5,263), risk adjusted performance of (0.01), and Variance of 28.43 to confirm the risk estimate we provide.
Shape Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shape |
Sharpe Ratio = -0.0234
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Estimated Market Risk
5.5 actual daily | 48 52% of assets are more volatile |
Expected Return
-0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shape Robotics 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 Shape Robotics by adding Shape Robotics to a well-diversified portfolio.
Shape Robotics Valuation on October 16, 2024
It is possible to determine the worth of Shape Robotics on a given historical date. On October 16, 2024 Shape was worth 18.9 at the beginning of the trading date compared to the closed value of 18.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shape Robotics stock. Still, in general, we apply an absolute valuation method to find Shape Robotics' 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 Shape Robotics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shape Robotics' related companies.
Open | High | Low | Close | Volume | |
19.55 | 20.10 | 18.55 | 19.20 | 31,790 | |
10/16/2024 | 18.90 | 19.00 | 18.55 | 18.75 | 25,288 |
18.45 | 18.90 | 18.40 | 18.80 | 20,018 |
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Shape Robotics Trading Date Momentum on October 16, 2024
On October 17 2024 Shape Robotics AS was traded for 18.80 at the closing time. The highest price during the trading period was 18.90 and the lowest recorded bid was listed for 18.40 . The volume for the day was 20 K. This history from October 17, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 0.27% . The trading price change to the current price is 1.33% . |
Shape Robotics AS Fundamentals Correlations and Trends
By evaluating Shape Robotics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shape Robotics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shape financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shape Robotics Stock history
Shape Robotics 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 Shape is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shape Robotics AS 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 Shape Robotics stock prices may prove useful in developing a viable investing in Shape Robotics
Shape Robotics AS, an educational technology company, develops robot systems for education purpose worldwide. Shape Robotics AS was founded in 2011 and is based in Farum, Denmark. Shape Robotics is traded on Copenhagen Stock Exchange in Denmark.
Shape Robotics Stock Technical Analysis
Shape Robotics 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
Shape Robotics Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Shape Robotics AS cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
Shape Robotics November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Shape Robotics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shape Robotics shares will generate the highest return on investment. By undertsting and applying Shape Robotics stock market strength indicators, traders can identify Shape Robotics AS entry and exit signals to maximize returns
Shape Robotics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shape Robotics' price direction in advance. Along with the technical and fundamental analysis of Shape Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shape 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 | (0.01) | |||
Jensen Alpha | (0.26) | |||
Total Risk Alpha | (0.94) | |||
Treynor Ratio | (0.09) |
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Complementary Tools for Shape Stock analysis
When running Shape Robotics' price analysis, check to measure Shape Robotics' 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 Shape Robotics is operating at the current time. Most of Shape Robotics' value examination focuses on studying past and present price action to predict the probability of Shape Robotics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shape Robotics' price. Additionally, you may evaluate how the addition of Shape Robotics to your portfolios can decrease your overall portfolio volatility.
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