Electrameccanica Vehicles Corp Price on May 1, 2023

SOLODelisted Stock  USD 0.72  0.02  2.70%   
If you're considering investing in Electrameccanica Stock, it is important to understand the factors that can impact its price. As of today, the current price of Electrameccanica stands at 0.72, as last reported on the 29th of November, with the highest price reaching 0.76 and the lowest price hitting 0.72 during the day. We have found twenty-nine technical indicators for Electrameccanica Vehicles Corp, which you can use to evaluate the volatility of the firm. Please confirm Electrameccanica's Mean Deviation of 4.53, coefficient of variation of 1056.05, and Downside Deviation of 5.26 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Electrameccanica Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average Electrameccanica 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 Electrameccanica by adding Electrameccanica to a well-diversified portfolio.

Electrameccanica Valuation on May 1, 2023

It is possible to determine the worth of Electrameccanica on a given historical date. On May 1, 2023 Electrameccanica was worth 0.51 at the beginning of the trading date compared to the closed value of 0.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Electrameccanica stock. Still, in general, we apply an absolute valuation method to find Electrameccanica'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 Electrameccanica where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Electrameccanica's related companies.
 Open High Low Close Volume
  0.52    0.52    0.51    0.51    273,886  
05/01/2023
  0.51    0.52    0.48    0.49    538,043  
  0.50    0.58    0.49    0.58    1,216,700  
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Open Value
0.51
0.49
Closing Value
0.51
Upside

Electrameccanica Trading Date Momentum on May 1, 2023

On May 02 2023 Electrameccanica Vehicles Corp was traded for  0.58  at the closing time. The top price for the day was 0.58  and the lowest listed price was  0.49 . The trading volume for the day was 1.2 M. The trading history from May 2, 2023 was a factor to the next trading day price boost. The trading price change against the next closing price was 18.37% . The overall trading delta against the current closing price is 6.12% .

Electrameccanica Veh Fundamentals Correlations and Trends

By evaluating Electrameccanica'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 Electrameccanica's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Electrameccanica financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Electrameccanica Stock history

Electrameccanica 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 Electrameccanica is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Electrameccanica Veh 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 Electrameccanica stock prices may prove useful in developing a viable investing in Electrameccanica
Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada. Electrameccanica is traded on NASDAQ Exchange in the United States.

Electrameccanica Stock Technical Analysis

Electrameccanica 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, delisted stock market cycles, or different charting patterns.
A focus of Electrameccanica technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Electrameccanica trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Electrameccanica Period Price Range

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Electrameccanica Vehicles Corp 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.

Electrameccanica November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Electrameccanica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Electrameccanica shares will generate the highest return on investment. By undertsting and applying Electrameccanica stock market strength indicators, traders can identify Electrameccanica Vehicles Corp entry and exit signals to maximize returns

Electrameccanica Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Electrameccanica's price direction in advance. Along with the technical and fundamental analysis of Electrameccanica Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Electrameccanica 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.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Other Consideration for investing in Electrameccanica Stock

If you are still planning to invest in Electrameccanica Veh check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Electrameccanica's history and understand the potential risks before investing.
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