SunPower Price on September 30, 2023
If you're considering investing in SunPower Stock, it is important to understand the factors that can impact its price. We have found fifteen technical indicators for SunPower, which you can use to evaluate the volatility of the company. Please validate SunPower's Variance of 189.26, risk adjusted performance of (0.19), and Coefficient Of Variation of (381.55) to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.
SunPower Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SunPower |
Sharpe Ratio = 0.0
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Based on monthly moving average SunPower 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 SunPower by adding SunPower to a well-diversified portfolio.
Related Headline
Nextracker Headline on 29th of September 2023
Exercise or conversion by Watkins William D of 4761 shares o... by Watkins William D
Filed transaction by Nextracker Inc director. Exercise or conversion of derivative security exempted pursuant to Rule 16b-3
SunPower Valuation on September 30, 2023
It is possible to determine the worth of SunPower on a given historical date. On September 30, 2023 SunPower was worth 6.23 at the beginning of the trading date compared to the closed value of 6.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SunPower stock. Still, in general, we apply an absolute valuation method to find SunPower'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 SunPower where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SunPower's related companies.
Open | High | Low | Close | Volume | |
6.17 | 6.24 | 5.95 | 6.10 | 3,706,862 | |
09/29/2023 | 6.23 | 6.45 | 6.08 | 6.17 | 2,663,423 |
6.14 | 6.14 | 5.61 | 5.62 | 5,184,037 |
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SunPower Trading Date Momentum on September 30, 2023
On October 02 2023 SunPower was traded for 5.62 at the closing time. The top price for the day was 6.14 and the lowest listed price was 5.61 . The trading volume for the day was 5.2 M. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 8.91% . The trading price change against the current closing price is 12.80% . |
SunPower Fundamentals Correlations and Trends
By evaluating SunPower'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 SunPower's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SunPower financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SunPower Stock history
SunPower 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 SunPower is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SunPower 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 SunPower stock prices may prove useful in developing a viable investing in SunPower
SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions to customers primarily in the United States and Canada. The company was incorporated in 1985 and is headquartered in San Jose, California. Sunpower Corp operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 3660 people.
SunPower Stock Technical Analysis
SunPower 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.
Price Boundaries
SunPower Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
SunPower 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.
SunPower November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how SunPower stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SunPower shares will generate the highest return on investment. By undertsting and applying SunPower stock market strength indicators, traders can identify SunPower entry and exit signals to maximize returns
SunPower Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SunPower's price direction in advance. Along with the technical and fundamental analysis of SunPower Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SunPower 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 | (0.19) | |||
Jensen Alpha | (2.95) | |||
Total Risk Alpha | (5.78) | |||
Treynor Ratio | 0.6598 |
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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 housing. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in SunPower Stock
If you are still planning to invest in SunPower 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 SunPower's history and understand the potential risks before investing.
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