Tpi Composites Stock Price on November 27, 2024
TPIC Stock | USD 1.97 0.07 3.43% |
If you're considering investing in TPI Stock, it is important to understand the factors that can impact its price. As of today, the current price of TPI Composites stands at 1.97, as last reported on the 3rd of December, with the highest price reaching 2.19 and the lowest price hitting 1.96 during the day. TPI Composites owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of volatility over the last 3 months. TPI Composites exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TPI Composites' risk adjusted performance of (0.12), and Variance of 30.22 to confirm the risk estimate we provide.
TPI Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TPI |
Sharpe Ratio = -0.1657
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Estimated Market Risk
5.5 actual daily | 48 52% of assets are more volatile |
Expected Return
-0.91 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TPI Composites 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 TPI Composites by adding TPI Composites to a well-diversified portfolio.
Related Headline
Franklin Electric Headline on 27th of November 2024
Disposition of 677 shares by Jay Walsh of Franklin Electric ... by MacroaxisInsider
Filed transaction by Franklin Electric Co Officer President, Franklin Fueling. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
TPI Composites Valuation on November 27, 2024
It is possible to determine the worth of TPI Composites on a given historical date. On November 27, 2024 TPI was worth 2.0 at the beginning of the trading date compared to the closed value of 2.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TPI Composites stock. Still, in general, we apply an absolute valuation method to find TPI Composites' 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 TPI Composites where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TPI Composites' related companies.
Open | High | Low | Close | Volume | |
2.21 | 2.21 | 1.97 | 1.99 | 969,472 | |
11/27/2024 | 2.00 | 2.10 | 1.98 | 2.00 | 431,123 |
2.05 | 2.19 | 2.03 | 2.04 | 635,681 |
Backtest TPI Composites | | | TPI Composites History | | | TPI Composites Valuation | Previous | Next |
TPI Composites Trading Date Momentum on November 27, 2024
On November 29 2024 TPI Composites was traded for 2.04 at the closing time. The top price for the day was 2.19 and the lowest listed price was 2.03 . The trading volume for the day was 635.7 K. The trading history from November 29, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 2.00% . The trading price change against the current closing price is 5.00% . |
TPI Composites Fundamentals Correlations and Trends
By evaluating TPI Composites' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among TPI Composites' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TPI financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TPI Composites Stock history
TPI Composites 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 TPI is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TPI Composites 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 TPI Composites stock prices may prove useful in developing a viable investing in TPI Composites
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers . TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona. Tpi Composites operates under Specialty Industrial Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 14000 people.
TPI Composites Stock Technical Analysis
TPI Composites 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
TPI Composites Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
TPI Composites 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.
TPI Composites December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how TPI Composites stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TPI Composites shares will generate the highest return on investment. By undertsting and applying TPI Composites stock market strength indicators, traders can identify TPI Composites entry and exit signals to maximize returns
TPI Composites Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TPI Composites' price direction in advance. Along with the technical and fundamental analysis of TPI Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TPI 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 | (0.12) | |||
Jensen Alpha | (0.83) | |||
Total Risk Alpha | (1.74) | |||
Treynor Ratio | 1.22 |
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Complementary Tools for TPI Stock analysis
When running TPI Composites' price analysis, check to measure TPI Composites' 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 TPI Composites is operating at the current time. Most of TPI Composites' value examination focuses on studying past and present price action to predict the probability of TPI Composites' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TPI Composites' price. Additionally, you may evaluate how the addition of TPI Composites to your portfolios can decrease your overall portfolio volatility.
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