Andretti Acquisition Corp Stock Performance
| POLEW Stock | 0.16 0.03 23.08% |
Andretti Acquisition holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.15, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Andretti Acquisition are expected to decrease by larger amounts. On the other hand, during market turmoil, Andretti Acquisition is expected to outperform it. Use Andretti Acquisition sortino ratio, as well as the relationship between the semi variance and rate of daily change , to analyze future returns on Andretti Acquisition.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Andretti Acquisition Corp are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile technical and fundamental indicators, Andretti Acquisition showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | AQR Capital Managements Strategic Acquisition of Andretti Acqui - GuruFocus.com | 11/14/2024 |
Andretti |
Andretti Acquisition Relative Risk vs. Return Landscape
If you would invest 8.53 in Andretti Acquisition Corp on September 19, 2024 and sell it today you would earn a total of 7.47 from holding Andretti Acquisition Corp or generate 87.57% return on investment over 90 days. Andretti Acquisition Corp is currently producing 4.0431% returns and takes up 23.5545% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Andretti, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Andretti Acquisition Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andretti Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Andretti Acquisition Corp, and traders can use it to determine the average amount a Andretti Acquisition's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1716
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Estimated Market Risk
| 23.55 actual daily | 96 96% of assets are less volatile |
Expected Return
| 4.04 actual daily | 80 80% of assets have lower returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Andretti Acquisition is performing at about 13% 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.
About Andretti Acquisition Performance
Evaluating Andretti Acquisition's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Andretti Acquisition has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Andretti Acquisition has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Andretti Acquisition is entity of United States. It is traded as Stock on NASDAQ exchange.Things to note about Andretti Acquisition Corp performance evaluation
Checking the ongoing alerts about Andretti Acquisition for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Andretti Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Andretti Acquisition is way too risky over 90 days horizon | |
| Andretti Acquisition has some characteristics of a very speculative penny stock | |
| Andretti Acquisition appears to be risky and price may revert if volatility continues |
- Analyzing Andretti Acquisition's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Andretti Acquisition's stock is overvalued or undervalued compared to its peers.
- Examining Andretti Acquisition's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Andretti Acquisition's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Andretti Acquisition's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Andretti Acquisition's stock. These opinions can provide insight into Andretti Acquisition's potential for growth and whether the stock is currently undervalued or overvalued.
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.