Ardmore Shpng Stock Price on October 22, 2024
ASC Stock | USD 11.22 0.13 1.17% |
If you're considering investing in Ardmore Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ardmore Shpng stands at 11.22, as last reported on the 18th of December 2024, with the highest price reaching 11.25 and the lowest price hitting 10.87 during the day. Ardmore Shpng secures Sharpe Ratio (or Efficiency) of -0.32, which signifies that the company had a -0.32% return per unit of standard deviation over the last 3 months. Ardmore Shpng exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ardmore Shpng's risk adjusted performance of (0.25), and Mean Deviation of 1.59 to double-check the risk estimate we provide.
Ardmore Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ardmore |
Sharpe Ratio = -0.3231
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Estimated Market Risk
2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
-0.66 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.32 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ardmore Shpng 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 Ardmore Shpng by adding Ardmore Shpng to a well-diversified portfolio.
Ardmore Shpng Valuation on October 22, 2024
It is possible to determine the worth of Ardmore Shpng on a given historical date. On October 22, 2024 Ardmore was worth 16.24 at the beginning of the trading date compared to the closed value of 15.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ardmore Shpng stock. Still, in general, we apply an absolute valuation method to find Ardmore Shpng'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 Ardmore Shpng where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ardmore Shpng's related companies.
Open | High | Low | Close | Volume | |
16.49 | 16.56 | 16.21 | 16.29 | 428,058 | |
10/22/2024 | 16.24 | 16.33 | 15.90 | 15.96 | 370,342 |
15.50 | 15.55 | 14.69 | 14.86 | 1,049,412 |
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Ardmore Shpng Trading Date Momentum on October 22, 2024
On October 23 2024 Ardmore Shpng was traded for 14.86 at the closing time. Highest Ardmore Shpng's price during the trading hours was 15.55 and the lowest price during the day was 14.69 . The net volume was 1 M. The overall trading history on the 23rd of October contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 6.89% . The overall trading delta to current price is 12.41% . |
Ardmore Shpng Fundamentals Correlations and Trends
By evaluating Ardmore Shpng'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 Ardmore Shpng's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ardmore financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ardmore Shpng Stock history
Ardmore Shpng 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 Ardmore is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ardmore Shpng 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 Ardmore Shpng stock prices may prove useful in developing a viable investing in Ardmore Shpng
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company was founded in 2010 and is based in Pembroke, Bermuda. Ardmore Shipping is traded on New York Stock Exchange in the United States.
Ardmore Shpng Stock Technical Analysis
Ardmore Shpng 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
Ardmore Shpng Period Price Range
Low | December 18, 2024
| High |
0.00 | 0.00 |
Ardmore Shpng cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Ardmore Shpng December 18, 2024 Market Strength
Market strength indicators help investors to evaluate how Ardmore Shpng stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ardmore Shpng shares will generate the highest return on investment. By undertsting and applying Ardmore Shpng stock market strength indicators, traders can identify Ardmore Shpng entry and exit signals to maximize returns
Ardmore Shpng Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ardmore Shpng's price direction in advance. Along with the technical and fundamental analysis of Ardmore Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ardmore 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 | (0.25) | |||
Jensen Alpha | (0.66) | |||
Total Risk Alpha | (0.72) | |||
Treynor Ratio | 1.45 |
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Complementary Tools for Ardmore Stock analysis
When running Ardmore Shpng's price analysis, check to measure Ardmore Shpng'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 Ardmore Shpng is operating at the current time. Most of Ardmore Shpng's value examination focuses on studying past and present price action to predict the probability of Ardmore Shpng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardmore Shpng's price. Additionally, you may evaluate how the addition of Ardmore Shpng to your portfolios can decrease your overall portfolio volatility.
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