Evolent Health (Germany) Price on March 2, 2024
9EH Stock | EUR 10.70 0.40 3.88% |
If you're considering investing in Evolent Stock, it is important to understand the factors that can impact its price. As of today, the current price of Evolent Health stands at 10.70, as last reported on the 22nd of December, with the highest price reaching 10.70 and the lowest price hitting 10.70 during the day. Evolent Health secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the company had a -0.2% return per unit of risk over the last 3 months. Evolent Health exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evolent Health's Standard Deviation of 6.14, mean deviation of 3.57, and Variance of 37.66 to check the risk estimate we provide.
Evolent Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Evolent |
Sharpe Ratio = -0.1986
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Estimated Market Risk
6.13 actual daily | 54 54% of assets are less volatile |
Expected Return
-1.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Evolent Health 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 Evolent Health by adding Evolent Health to a well-diversified portfolio.
Evolent Health Valuation on March 2, 2024
It is possible to determine the worth of Evolent Health on a given historical date. On March 2, 2024 Evolent was worth 31.4 at the beginning of the trading date compared to the closed value of 31.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Evolent Health stock. Still, in general, we apply an absolute valuation method to find Evolent Health'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 Evolent Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Evolent Health's related companies.
Open | High | Low | Close | Volume | |
31.20 | 31.20 | 31.20 | 31.20 | 2,472 | |
03/01/2024 | 31.40 | 31.40 | 31.40 | 31.40 | 2,472 |
31.60 | 31.60 | 31.60 | 31.60 | 2,472 |
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Evolent Health Trading Date Momentum on March 2, 2024
On March 04 2024 Evolent Health was traded for 31.60 at the closing time. The highest daily price throughout the period was 31.60 and the lowest price was 31.60 . The daily volume was 2.5 K. The net trading volume on 03/04/2024 added to the next day price rise. The daily price change to closing price of the next trading day was 0.64% . The overall trading delta to current closing price is 0.64% . |
Evolent Health Fundamentals Correlations and Trends
By evaluating Evolent Health'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 Evolent Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Evolent financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Evolent Health Stock history
Evolent Health 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 Evolent is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Evolent Health 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 Evolent Health stock prices may prove useful in developing a viable investing in Evolent Health
Evolent Health, Inc., through its subsidiary, Evolent Health LLC, provides health care delivery and payment solutions in the United States. Evolent Health, Inc. was founded in 2011 and is headquartered in Arlington, Virginia. EVOLENT HEALTH operates under Health Information Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 3800 people.
Evolent Health Stock Technical Analysis
Evolent Health 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
Evolent Health Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Evolent Health cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Evolent Health December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Evolent Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evolent Health shares will generate the highest return on investment. By undertsting and applying Evolent Health stock market strength indicators, traders can identify Evolent Health entry and exit signals to maximize returns
Evolent Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Evolent Health's price direction in advance. Along with the technical and fundamental analysis of Evolent Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Evolent 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 | (0.15) | |||
Jensen Alpha | (1.24) | |||
Total Risk Alpha | (1.38) | |||
Treynor Ratio | (0.78) |
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Complementary Tools for Evolent Stock analysis
When running Evolent Health's price analysis, check to measure Evolent Health'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 Evolent Health is operating at the current time. Most of Evolent Health's value examination focuses on studying past and present price action to predict the probability of Evolent Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolent Health's price. Additionally, you may evaluate how the addition of Evolent Health to your portfolios can decrease your overall portfolio volatility.
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