Andretti Acquisition Corp Stock Technical Analysis
WNNRDelisted Stock | USD 10.60 0.02 0.19% |
As of the 12th of December 2024, Andretti Acquisition shows the risk adjusted performance of 0.0197, and Mean Deviation of 0.1321. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Andretti Acquisition, as well as the relationship between them. Please confirm Andretti Acquisition Corp semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if Andretti Acquisition Corp is priced correctly, providing market reflects its regular price of 10.6 per share. Given that Andretti Acquisition has jensen alpha of 0.0055, we suggest you to validate Andretti Acquisition Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Andretti Acquisition Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Andretti, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AndrettiAndretti |
Andretti Acquisition 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.
Andretti Acquisition Corp Technical Analysis
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Andretti Acquisition Corp Trend Analysis
Use this graph to draw trend lines for Andretti Acquisition Corp. You can use it to identify possible trend reversals for Andretti Acquisition as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Andretti Acquisition price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Andretti Acquisition Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Andretti Acquisition Corp applied against its price change over selected period. The best fit line has a slop of 0 , which means Andretti Acquisition Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.13, which is the sum of squared deviations for the predicted Andretti Acquisition price change compared to its average price change.About Andretti Acquisition Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Andretti Acquisition Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Andretti Acquisition Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Andretti Acquisition Corp price pattern first instead of the macroeconomic environment surrounding Andretti Acquisition Corp. By analyzing Andretti Acquisition's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Andretti Acquisition's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Andretti Acquisition specific price patterns or momentum indicators. Please read more on our technical analysis page.
Andretti Acquisition December 12, 2024 Technical Indicators
Most technical analysis of Andretti help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Andretti from various momentum indicators to cycle indicators. When you analyze Andretti charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
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Volume Indicators |
Risk Adjusted Performance | 0.0197 | |||
Market Risk Adjusted Performance | (0.15) | |||
Mean Deviation | 0.1321 | |||
Semi Deviation | 0.1605 | |||
Downside Deviation | 0.3552 | |||
Coefficient Of Variation | 1811.28 | |||
Standard Deviation | 0.2391 | |||
Variance | 0.0572 | |||
Information Ratio | (0.47) | |||
Jensen Alpha | 0.0055 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.31) | |||
Treynor Ratio | (0.16) | |||
Maximum Drawdown | 1.87 | |||
Value At Risk | (0.37) | |||
Potential Upside | 0.3763 | |||
Downside Variance | 0.1262 | |||
Semi Variance | 0.0258 | |||
Expected Short fall | (0.23) | |||
Skewness | (0.05) | |||
Kurtosis | 6.92 |
Check out Your Current Watchlist 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 board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Consideration for investing in Andretti Stock
If you are still planning to invest in Andretti Acquisition Corp 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 Andretti Acquisition's history and understand the potential risks before investing.
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