Accolade Stock Price on October 8, 2024
If you're considering investing in Accolade Stock, it is important to understand the factors that can impact its price. Accolade secures Sharpe Ratio (or Efficiency) of -0.0358, which signifies that the company had a -0.0358% return per unit of standard deviation over the last 3 months. Accolade exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Accolade's mean deviation of 2.32, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide.
Accolade Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Accolade |
Sharpe Ratio = -0.0358
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Estimated Market Risk
2.96 actual daily | 26 74% of assets are more volatile |
Expected Return
-0.11 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 Accolade 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 Accolade by adding Accolade 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.
Price Boundaries
Accolade Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Accolade 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.
Accolade November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Accolade stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Accolade shares will generate the highest return on investment. By undertsting and applying Accolade stock market strength indicators, traders can identify Accolade entry and exit signals to maximize returns
Accolade Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Accolade's price direction in advance. Along with the technical and fundamental analysis of Accolade Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Accolade 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 | (0.02) | |||
Jensen Alpha | (0.32) | |||
Total Risk Alpha | (0.61) | |||
Treynor Ratio | (0.07) |
Cycle Indicators | ||
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Math Transform | ||
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Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Check out Trending Equities 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 main economic indicators. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Tools for Accolade Stock
When running Accolade's price analysis, check to measure Accolade'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 Accolade is operating at the current time. Most of Accolade's value examination focuses on studying past and present price action to predict the probability of Accolade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accolade's price. Additionally, you may evaluate how the addition of Accolade to your portfolios can decrease your overall portfolio volatility.
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