Sound Point Meridian Stock Price on November 5, 2024
| SPMC Stock | 20.36 0.01 0.05% |
If you're considering investing in Sound Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sound Point stands at 20.36, as last reported on the 1st of December, with the highest price reaching 20.45 and the lowest price hitting 19.87 during the day. At this point, Sound Point is very steady. Sound Point Meridian owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0718, which indicates the firm had a 0.0718% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sound Point Meridian, which you can use to evaluate the volatility of the company. Please validate Sound Point's Risk Adjusted Performance of 0.0589, semi deviation of 0.9048, and Coefficient Of Variation of 1399.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.0973%.
Sound Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sound |
Sharpe Ratio = 0.0718
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Estimated Market Risk
| 1.36 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Sound Point is performing at about 5% of its full potential. 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 Sound Point by adding it to a well-diversified portfolio.
Wall Street Target Price 21 |
Sound Point Valuation on November 5, 2024
It is possible to determine the worth of Sound Point on a given historical date. On November 5, 2024 Sound was worth 18.69 at the beginning of the trading date compared to the closed value of 18.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sound Point stock. Still, in general, we apply an absolute valuation method to find Sound Point'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 Sound Point where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sound Point's related companies.
| Open | High | Low | Close | Volume | |
| 18.78 | 18.78 | 18.10 | 18.55 | 36,800 | |
11/05/2024 | 18.69 | 18.77 | 18.62 | 18.67 | 14,900 |
| 18.66 | 19.02 | 18.66 | 19.02 | 20,600 |
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Sound Point Trading Date Momentum on November 5, 2024
| On November 06 2024 Sound Point Meridian was traded for 19.02 at the closing time. The top price for the day was 19.02 and the lowest listed price was 18.66 . The trading volume for the day was 20.6 K. The trading history from November 6, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 1.87% . The trading price change against the current closing price is 6.86% . |
About Sound Point Stock history
Sound Point 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 Sound is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sound Point Meridian 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 Sound Point stock prices may prove useful in developing a viable investing in Sound Point
Sound Point Stock Technical Analysis
Sound Point 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
Sound Point Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Sound Point Meridian cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Sound Point December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Sound Point stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sound Point shares will generate the highest return on investment. By undertsting and applying Sound Point stock market strength indicators, traders can identify Sound Point Meridian entry and exit signals to maximize returns
Sound Point Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sound Point's price direction in advance. Along with the technical and fundamental analysis of Sound Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sound 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 | 0.0589 | |||
| Jensen Alpha | 0.0442 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2623 |
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Complementary Tools for Sound Stock analysis
When running Sound Point's price analysis, check to measure Sound Point'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 Sound Point is operating at the current time. Most of Sound Point's value examination focuses on studying past and present price action to predict the probability of Sound Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sound Point's price. Additionally, you may evaluate how the addition of Sound Point to your portfolios can decrease your overall portfolio volatility.
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