Cerence Stock Price History
If you're considering investing in Cerence Stock, it is important to understand the factors that can impact its price. Cerence is very risky given 3 months investment horizon. Cerence secures Sharpe Ratio (or Efficiency) of 0.07, which signifies that the company had a 0.07 % return per unit of risk over the last 3 months. We were able to interpolate twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.36% are justified by taking the suggested risk. Use Cerence Mean Deviation of 7.18, downside deviation of 6.29, and Risk Adjusted Performance of 0.0705 to evaluate company specific risk that cannot be diversified away.
Cerence Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cerence |
Sharpe Ratio = 0.07
Best Portfolio | Best Equity | |||
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Average Returns | CRNC | |||
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
19.42 actual daily | 96 96% of assets are less volatile |
Expected Return
1.36 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Cerence is performing at about 5% 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 Cerence by adding it to a well-diversified portfolio.
Cerence Stock Price History Chart
There are several ways to analyze Cerence Stock price data. The simplest method is using a basic Cerence candlestick price chart, which shows Cerence price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
No Historical data is available at this time
IMAT | 2.97 | ||||
ATX | 2.59 | ||||
WIG 30 | 2.55 | ||||
KLTE | 2.03 | ||||
PX | 1.99 | ||||
NYA | 1.89 | ||||
GDAXI | 1.86 | ||||
ISEQ 20 | 1.63 | ||||
IBEX 35 | 1.43 | ||||
Budapest | 1.38 | ||||
ATG | 1.33 | ||||
SET | 1.22 | ||||
MXX | 1.17 | ||||
HNX 30 | 1.15 | ||||
ASCX | 1.12 | ||||
APACXJ | 1.09 | ||||
BELS | 1.09 | ||||
XELKT | 0.95 | ||||
OSEFX | 0.89 | ||||
PSEI | 0.83 | ||||
SLI | 0.77 | ||||
PSI 20 | 0.73 | ||||
Tel Aviv | 0.70 | ||||
CFMDIVO | 0.48 | ||||
AXDI | 0.31 | ||||
CROBEX | 0.17 | ||||
BETNG | 0.07 | ||||
TWII | 0.03 | ||||
MERV | 0.00 | ||||
IDX 30 | 1.33 |
About Cerence Stock history
Cerence 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 Cerence is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cerence 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 Cerence stock prices may prove useful in developing a viable investing in Cerence
Cerence Inc. provides AI powered virtual assistants for the mobilitytransportation market worldwide. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 1700 people.
Cerence Stock Technical Analysis
Cerence 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.
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Cerence Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cerence's price direction in advance. Along with the technical and fundamental analysis of Cerence Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cerence 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 | 0.0705 | |||
Jensen Alpha | 1.26 | |||
Total Risk Alpha | 3.78 | |||
Sortino Ratio | 0.232 | |||
Treynor Ratio | (1.56) |
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Pattern Recognition | ||
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Volume Indicators |
Complementary Tools for Cerence Stock analysis
When running Cerence's price analysis, check to measure Cerence'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 Cerence is operating at the current time. Most of Cerence's value examination focuses on studying past and present price action to predict the probability of Cerence's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cerence's price. Additionally, you may evaluate how the addition of Cerence to your portfolios can decrease your overall portfolio volatility.
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