Spinnova (Finland) Price on October 31, 2023
SPINN Stock | 0.93 0.03 3.33% |
If you're considering investing in Spinnova Stock, it is important to understand the factors that can impact its price. As of today, the current price of Spinnova stands at 0.93, as last reported on the 23rd of November, with the highest price reaching 0.97 and the lowest price hitting 0.90 during the day. Spinnova Oy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.31, which indicates the firm had a -0.31% return per unit of risk over the last 3 months. Spinnova Oy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spinnova's Variance of 6.45, coefficient of variation of (319.39), and Risk Adjusted Performance of (0.23) to confirm the risk estimate we provide.
Spinnova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Spinnova |
Sharpe Ratio = -0.3055
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Estimated Market Risk
2.54 actual daily | 22 78% of assets are more volatile |
Expected Return
-0.78 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.31 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Spinnova 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 Spinnova by adding Spinnova to a well-diversified portfolio.
Spinnova Valuation on October 31, 2023
It is possible to determine the worth of Spinnova on a given historical date. On October 31, 2023 Spinnova was worth 2.0 at the beginning of the trading date compared to the closed value of 2.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spinnova stock. Still, in general, we apply an absolute valuation method to find Spinnova'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 Spinnova where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spinnova's related companies.
Open | High | Low | Close | Volume | |
1.99 | 2.00 | 1.97 | 2.00 | 29,986 | |
10/31/2023 | 2.00 | 2.08 | 1.97 | 2.02 | 91,832 |
2.07 | 2.10 | 1.99 | 2.01 | 33,985 |
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Spinnova Trading Date Momentum on October 31, 2023
On November 01 2023 Spinnova Oy was traded for 2.01 at the closing time. The highest price during the trading period was 2.10 and the lowest recorded bid was listed for 1.99 . The volume for the day was 34 K. This history from November 1, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 0.50% . The trading price change to the current price is 1.49% . |
Spinnova Oy Fundamentals Correlations and Trends
By evaluating Spinnova'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 Spinnova's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spinnova financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spinnova Stock history
Spinnova 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 Spinnova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spinnova Oy 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 Spinnova stock prices may prove useful in developing a viable investing in Spinnova
Spinnova Stock Technical Analysis
Spinnova 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
Spinnova Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Spinnova Oy cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki 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.
Spinnova November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Spinnova stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spinnova shares will generate the highest return on investment. By undertsting and applying Spinnova stock market strength indicators, traders can identify Spinnova Oy entry and exit signals to maximize returns
Spinnova Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spinnova's price direction in advance. Along with the technical and fundamental analysis of Spinnova Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spinnova 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 | (0.23) | |||
Jensen Alpha | (0.76) | |||
Total Risk Alpha | (1.20) | |||
Treynor Ratio | 1.96 |
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Volume Indicators |
Complementary Tools for Spinnova Stock analysis
When running Spinnova's price analysis, check to measure Spinnova'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 Spinnova is operating at the current time. Most of Spinnova's value examination focuses on studying past and present price action to predict the probability of Spinnova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spinnova's price. Additionally, you may evaluate how the addition of Spinnova to your portfolios can decrease your overall portfolio volatility.
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