ChampionX (Germany) Price on November 16, 2023

X9P Stock  EUR 25.40  0.00  0.00%   
If you're considering investing in ChampionX Stock, it is important to understand the factors that can impact its price. As of today, the current price of ChampionX stands at 25.40, as last reported on the 30th of December, with the highest price reaching 25.40 and the lowest price hitting 25.40 during the day. ChampionX secures Sharpe Ratio (or Efficiency) of -0.0329, which signifies that the company had a -0.0329% return per unit of standard deviation over the last 3 months. ChampionX exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ChampionX's risk adjusted performance of (0.03), and Mean Deviation of 1.49 to double-check the risk estimate we provide.
  
ChampionX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0329

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Estimated Market Risk

 2.15
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average ChampionX 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 ChampionX by adding ChampionX to a well-diversified portfolio.

ChampionX Valuation on November 16, 2023

It is possible to determine the worth of ChampionX on a given historical date. On November 16, 2023 ChampionX was worth 27.06 at the beginning of the trading date compared to the closed value of 27.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ChampionX stock. Still, in general, we apply an absolute valuation method to find ChampionX'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 ChampionX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ChampionX's related companies.
 Open High Low Close Volume
  27.45    27.45    27.45    27.45    1.00  
11/16/2023
  27.06    27.06    27.06    27.06    1.00  
  26.27    26.27    26.27    26.27    1.00  
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Open Value
27.06
27.06
Closing Value
33.50
Upside

ChampionX Trading Date Momentum on November 16, 2023

On November 17 2023 ChampionX was traded for  26.27  at the closing time. The highest daily price throughout the period was 26.27  and the lowest price was  26.27 . There was no trading activity during the period 1.0. Lack of trading volume on 11/17/2023 added to the next day price reduction. The trading price change to closing price of the next trading day was 2.92% . The overall trading delta to current closing price is 2.92% .

ChampionX Fundamentals Correlations and Trends

By evaluating ChampionX'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 ChampionX's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ChampionX financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About ChampionX Stock history

ChampionX 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 ChampionX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ChampionX 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 ChampionX stock prices may prove useful in developing a viable investing in ChampionX
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. ChampionX Corporation is headquartered in The Woodlands, Texas. CHAMPIONX CORP operates under Oil Gas Equipment Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 6600 people.

ChampionX Stock Technical Analysis

ChampionX 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.
A focus of ChampionX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ChampionX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

ChampionX Period Price Range

Low
December 30, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

ChampionX 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.

ChampionX December 30, 2024 Market Strength

Market strength indicators help investors to evaluate how ChampionX stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ChampionX shares will generate the highest return on investment. By undertsting and applying ChampionX stock market strength indicators, traders can identify ChampionX entry and exit signals to maximize returns

ChampionX Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for ChampionX's price direction in advance. Along with the technical and fundamental analysis of ChampionX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ChampionX 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.

Complementary Tools for ChampionX Stock analysis

When running ChampionX's price analysis, check to measure ChampionX'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 ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.
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