Shopify (Brazil) Price on December 27, 2024
| S2HO34 Stock | BRL 5.58 0.08 1.41% |
If you're considering investing in Shopify Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shopify stands at 5.58, as last reported on the 28th of December, with the highest price reaching 5.75 and the lowest price hitting 5.53 during the day. Shopify appears to be moderately volatile, given 3 months investment horizon. Shopify owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Shopify's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please review Shopify's Coefficient Of Variation of 521.01, risk adjusted performance of 0.1607, and Semi Deviation of 1.83 to confirm if our risk estimates are consistent with your expectations.
Shopify Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shopify |
Sharpe Ratio = 0.2097
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | S2HO34 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.6 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.76 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Shopify is performing at about 16% 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 Shopify by adding it to a well-diversified portfolio.
Shopify Valuation on December 27, 2024
It is possible to determine the worth of Shopify on a given historical date. On December 27, 2024 Shopify was worth 5.54 at the beginning of the trading date compared to the closed value of 5.58. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shopify stock. Still, in general, we apply an absolute valuation method to find Shopify'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 Shopify where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shopify's related companies.
| Open | High | Low | Close | Volume | |
| 5.70 | 5.71 | 5.60 | 5.66 | 15,167 | |
12/27/2024 | 5.54 | 5.75 | 5.53 | 5.58 | 1,855 |
| 5.54 | 5.75 | 5.53 | 5.58 | 0.00 |
| Backtest Shopify | | | Shopify History | | | Shopify Valuation | Previous | Next |
Shopify Trading Date Momentum on December 27, 2024
| On December 28 2024 Shopify was traded for 5.58 at the closing time. The highest price during the trading period was 5.75 and the lowest recorded bid was listed for 5.53 . There was no trading activity during the period 0.0. Lack of trading volume on December 28, 2024 did not result in any price rise and fall. The trading price change to the current price is 0.72% . |
Shopify Fundamentals Correlations and Trends
By evaluating Shopify'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 Shopify's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shopify financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shopify Stock history
Shopify 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 Shopify is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shopify 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 Shopify stock prices may prove useful in developing a viable investing in Shopify
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada. SHOPIFY INC operates under SoftwareApplication classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 7000 people.
Shopify Stock Technical Analysis
Shopify 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
Shopify Period Price Range
Low | December 28, 2024
| High |
0.00 | 0.00 |
Shopify cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo 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.
Shopify December 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Shopify stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shopify shares will generate the highest return on investment. By undertsting and applying Shopify stock market strength indicators, traders can identify Shopify entry and exit signals to maximize returns
Shopify Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shopify's price direction in advance. Along with the technical and fundamental analysis of Shopify Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shopify 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 | 0.1607 | |||
| Jensen Alpha | 0.6812 | |||
| Total Risk Alpha | 0.5694 | |||
| Sortino Ratio | 0.2922 | |||
| Treynor Ratio | (1.09) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Shopify Stock analysis
When running Shopify's price analysis, check to measure Shopify'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 Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |