Andretti Acquisition Corp Stock Price on December 3, 2024
| POLEW Stock | 0.14 0.01 6.67% |
If you're considering investing in Andretti Stock, it is important to understand the factors that can impact its price. As of today, the current price of Andretti Acquisition stands at 0.14, as last reported on the 26th of December, with the highest price reaching 0.15 and the lowest price hitting 0.14 during the day. Andretti Acquisition is out of control given 3 months investment horizon. Andretti Acquisition Corp secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.16% are justified by taking the suggested risk. Use Andretti Acquisition mean deviation of 13.49, and Risk Adjusted Performance of 0.1257 to evaluate company specific risk that cannot be diversified away.
Andretti Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Andretti |
Sharpe Ratio = 0.1432
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| Good Returns | POLEW | |||
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Estimated Market Risk
| 22.05 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.16 actual daily | 63 63% of assets have lower returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Andretti Acquisition is performing at about 11% of its full potential. 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 Andretti Acquisition by adding it to a well-diversified portfolio.
Andretti Acquisition Valuation on December 3, 2024
It is possible to determine the worth of Andretti Acquisition on a given historical date. On December 3, 2024 Andretti was worth 0.33 at the beginning of the trading date compared to the closed value of 0.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Andretti Acquisition stock. Still, in general, we apply an absolute valuation method to find Andretti Acquisition'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 Andretti Acquisition where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Andretti Acquisition's related companies.
| Open | High | Low | Close | Volume | |
| 0.13 | 0.19 | 0.13 | 0.19 | 2,222 | |
12/03/2024 | 0.33 | 0.33 | 0.13 | 0.14 | 25,971 |
| 0.16 | 0.16 | 0.11 | 0.11 | 295.00 |
| Backtest Andretti Acquisition | | | Andretti Acquisition History | | | Andretti Acquisition Valuation | Previous | Next |
Andretti Acquisition Trading Date Momentum on December 3, 2024
| On December 04 2024 Andretti Acquisition Corp was traded for 0.11 at the closing time. The highest daily price throughout the period was 0.16 and the lowest price was 0.11 . The daily volume was 295. The net trading volume on 12/04/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 21.43% . The overall trading delta to current closing price is 0.00% . |
About Andretti Acquisition Stock history
Andretti Acquisition 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 Andretti is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Andretti Acquisition Corp 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 Andretti Acquisition stock prices may prove useful in developing a viable investing in Andretti Acquisition
Andretti Acquisition Stock Technical Analysis
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, stock market cycles, or different charting patterns.
Price Boundaries
Andretti Acquisition Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
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Andretti Acquisition December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Andretti Acquisition stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Andretti Acquisition shares will generate the highest return on investment. By undertsting and applying Andretti Acquisition stock market strength indicators, traders can identify Andretti Acquisition Corp entry and exit signals to maximize returns
Andretti Acquisition Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Andretti Acquisition's price direction in advance. Along with the technical and fundamental analysis of Andretti Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Andretti 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 | 0.1257 | |||
| Jensen Alpha | 3.31 | |||
| Total Risk Alpha | 2.27 | |||
| Sortino Ratio | 0.2123 | |||
| Treynor Ratio | (1.57) |
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Additional Tools for Andretti Stock Analysis
When running Andretti Acquisition's price analysis, check to measure Andretti Acquisition'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 Andretti Acquisition is operating at the current time. Most of Andretti Acquisition's value examination focuses on studying past and present price action to predict the probability of Andretti Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andretti Acquisition's price. Additionally, you may evaluate how the addition of Andretti Acquisition to your portfolios can decrease your overall portfolio volatility.