Driveitaway Stock Price on June 14, 2023
If you're considering investing in DriveItAway Pink Sheet, it is important to understand the factors that can impact its price. DriveItAway secures Sharpe Ratio (or Efficiency) of -0.0227, which denotes the company had a -0.0227% return per unit of risk over the last 3 months. DriveItAway exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DriveItAway's Mean Deviation of 5.02, variance of 211.22, and Standard Deviation of 14.53 to check the risk estimate we provide.
DriveItAway Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
DriveItAway |
Sharpe Ratio = -0.0227
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Estimated Market Risk
| 14.53 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.33 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average DriveItAway 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 DriveItAway by adding DriveItAway to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
DriveItAway Period Price Range
Low | December 17, 2024
| High |
0.00 | 0.00 |
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DriveItAway December 17, 2024 Market Strength
Market strength indicators help investors to evaluate how DriveItAway pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DriveItAway shares will generate the highest return on investment. By undertsting and applying DriveItAway pink sheet market strength indicators, traders can identify DriveItAway entry and exit signals to maximize returns
DriveItAway Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DriveItAway's price direction in advance. Along with the technical and fundamental analysis of DriveItAway Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of DriveItAway 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 | (0.01) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.86) | |||
| Treynor Ratio | (0.08) |
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Additional Tools for DriveItAway Pink Sheet Analysis
When running DriveItAway's price analysis, check to measure DriveItAway'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 DriveItAway is operating at the current time. Most of DriveItAway's value examination focuses on studying past and present price action to predict the probability of DriveItAway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DriveItAway's price. Additionally, you may evaluate how the addition of DriveItAway to your portfolios can decrease your overall portfolio volatility.