Veea Inc Stock Price on June 6, 2024
VEEA Stock | 2.81 0.08 2.77% |
If you're considering investing in Veea Stock, it is important to understand the factors that can impact its price. As of today, the current price of Veea stands at 2.81, as last reported on the 3rd of December, with the highest price reaching 2.90 and the lowest price hitting 2.79 during the day. Veea Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.045, which indicates the firm had a -0.045% return per unit of risk over the last 3 months. Veea Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Veea's Coefficient Of Variation of (2,201), risk adjusted performance of (0.03), and Variance of 416.86 to confirm the risk estimate we provide.
Veea Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Veea |
Sharpe Ratio = -0.045
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Estimated Market Risk
20.24 actual daily | 96 96% of assets are less volatile |
Expected Return
-0.91 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Veea 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 Veea by adding Veea to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Veea Stock history
Veea 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 Veea is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Veea Inc 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 Veea stock prices may prove useful in developing a viable investing in Veea
Veea Stock Technical Analysis
Veea 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
Veea Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Veea Inc 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.
Veea December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Veea stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Veea shares will generate the highest return on investment. By undertsting and applying Veea stock market strength indicators, traders can identify Veea Inc entry and exit signals to maximize returns
Veea Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Veea's price direction in advance. Along with the technical and fundamental analysis of Veea Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Veea 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 | (0.03) | |||
Jensen Alpha | (0.68) | |||
Total Risk Alpha | (3.99) | |||
Treynor Ratio | 0.4229 |
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Complementary Tools for Veea Stock analysis
When running Veea's price analysis, check to measure Veea'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 Veea is operating at the current time. Most of Veea's value examination focuses on studying past and present price action to predict the probability of Veea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veea's price. Additionally, you may evaluate how the addition of Veea to your portfolios can decrease your overall portfolio volatility.
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