EDP Renovveis (Germany) Price on April 19, 2024

EDW Stock  EUR 9.54  0.16  1.65%   
If you're considering investing in EDP Stock, it is important to understand the factors that can impact its price. As of today, the current price of EDP Renovveis stands at 9.54, as last reported on the 22nd of December, with the highest price reaching 9.54 and the lowest price hitting 9.54 during the day. EDP Renovveis SA secures Sharpe Ratio (or Efficiency) of -0.28, which denotes the company had a -0.28% return per unit of risk over the last 3 months. EDP Renovveis SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EDP Renovveis' Mean Deviation of 1.74, standard deviation of 2.37, and Coefficient Of Variation of (358.86) to check the risk estimate we provide.
  
EDP Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2824

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Estimated Market Risk

 2.37
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.67
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.28
  actual daily
0
Most of other assets perform better
Based on monthly moving average EDP Renovveis 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 EDP Renovveis by adding EDP Renovveis to a well-diversified portfolio.

EDP Renovveis Valuation on April 19, 2024

It is possible to determine the worth of EDP Renovveis on a given historical date. On April 19, 2024 EDP was worth 12.43 at the beginning of the trading date compared to the closed value of 12.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of EDP Renovveis stock. Still, in general, we apply an absolute valuation method to find EDP Renovveis' 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 EDP Renovveis where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against EDP Renovveis' related companies.
 Open High Low Close Volume
  12.35    12.35    12.35    12.35    1.00  
04/19/2024
  12.43    12.43    12.43    12.43    1.00  
  12.42    12.42    12.20    12.20    1,320  
Backtest EDP Renovveis  |  EDP Renovveis History  |  EDP Renovveis Valuation   PreviousNext  
Open Value
12.43
12.43
Closing Value
19.53
Upside

EDP Renovveis Trading Date Momentum on April 19, 2024

On April 22 2024 EDP Renovveis SA was traded for  12.20  at the closing time. The highest daily price throughout the period was 12.42  and the lowest price was  12.20 . The daily volume was 1.3 K. The net trading volume on 04/22/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.85% . The overall trading delta to current closing price is 0.08% .

EDP Renovveis SA Fundamentals Correlations and Trends

By evaluating EDP Renovveis' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among EDP Renovveis' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. EDP financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About EDP Renovveis Stock history

EDP Renovveis 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 EDP is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in EDP Renovveis SA 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 EDP Renovveis stock prices may prove useful in developing a viable investing in EDP Renovveis
EDP Renovveis, S.A., a renewable energy company, plans, constructs, and maintains electricity production facilities primarily in Spain. EDP Renovveis, S.A. is a subsidiary of EDP-Energias de Portugal, S.A. EDP RENOVAVEIS operates under Utilities - Independent Power Producers classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1460 people.

EDP Renovveis Stock Technical Analysis

EDP Renovveis 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 EDP Renovveis technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EDP Renovveis 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

EDP Renovveis Period Price Range

Low
December 22, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

EDP Renovveis SA 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.

EDP Renovveis December 22, 2024 Market Strength

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

EDP Renovveis Technical and Predictive Indicators

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

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