X2M Connect (Australia) Price on December 22, 2023
| X2M Stock | 0.03 0.00 0.00% |
If you're considering investing in X2M Stock, it is important to understand the factors that can impact its price. As of today, the current price of X2M Connect stands at 0.03, as last reported on the 28th of November, with the highest price reaching 0.03 and the lowest price hitting 0.03 during the day. X2M Connect shows Sharpe Ratio of -0.17, which attests that the company had a -0.17% return per unit of standard deviation over the last 3 months. X2M Connect exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out X2M Connect's Mean Deviation of 0.9472, standard deviation of 1.79, and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide.
At this time, X2M Connect's Total Stockholder Equity is comparatively stable compared to the past year. Stock Based Compensation is likely to gain to about 1.2 M in 2024, whereas Other Stockholder Equity is likely to drop (1.05) in 2024. . X2M Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
X2M |
Sharpe Ratio = -0.1657
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Estimated Market Risk
| 1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.3 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 X2M Connect 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 X2M Connect by adding X2M Connect to a well-diversified portfolio.
Price Book 21.2391 | Book Value 0.002 | Enterprise Value 13.1 M | Enterprise Value Ebitda (2.22) | Price Sales 0.8647 |
X2M Connect Valuation on December 22, 2023
It is possible to determine the worth of X2M Connect on a given historical date. On December 22, 2023 X2M was worth 0.044 at the beginning of the trading date compared to the closed value of 0.045. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of X2M Connect stock. Still, in general, we apply an absolute valuation method to find X2M Connect'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 X2M Connect where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against X2M Connect's related companies.
| Open | High | Low | Close | Volume | |
| 0.04 | 0.04 | 0.04 | 0.04 | 1.00 | |
12/22/2023 | 0.04 | 0.04 | 0.04 | 0.04 | 111,215 |
| 0.04 | 0.04 | 0.04 | 0.04 | 1.00 |
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X2M Connect Trading Date Momentum on December 22, 2023
| On December 27 2023 X2M Connect was traded for 0.04 at the closing time. The maximum traded price for the trading interval was 0.04 and the lowest daily price was 0.04 . There was no trading activity during the period 1.0. Lack of trading volume on 27th of December 2023 had no short-term effect on price fluctuation. The trading price change to the closing price today is 11.11% . |
X2M Connect Fundamentals Correlations and Trends
By evaluating X2M Connect'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 X2M Connect's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. X2M financial account trend analysis is a perfect complement when working with valuation or volatility modules.About X2M Connect Stock history
X2M Connect 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 X2M is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in X2M Connect 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 X2M Connect stock prices may prove useful in developing a viable investing in X2M Connect
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 252.4 M | 174.5 M | |
| Net Loss | -5.9 M | -6.2 M |
X2M Connect Stock Technical Analysis
X2M Connect 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
X2M Connect Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
X2M Connect cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.
X2M Connect November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how X2M Connect stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading X2M Connect shares will generate the highest return on investment. By undertsting and applying X2M Connect stock market strength indicators, traders can identify X2M Connect entry and exit signals to maximize returns
X2M Connect Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for X2M Connect's price direction in advance. Along with the technical and fundamental analysis of X2M Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of X2M 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 | (0.13) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (1.61) |
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Additional Tools for X2M Stock Analysis
When running X2M Connect's price analysis, check to measure X2M Connect'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 X2M Connect is operating at the current time. Most of X2M Connect's value examination focuses on studying past and present price action to predict the probability of X2M Connect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move X2M Connect's price. Additionally, you may evaluate how the addition of X2M Connect to your portfolios can decrease your overall portfolio volatility.