Cactus Inc Stock Price on May 22, 2024
| WHD Stock | USD 46.40 0.41 0.88% |
If you're considering investing in Cactus Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cactus stands at 46.40, as last reported on the 21st of March, with the highest price reaching 47.50 and the lowest price hitting 46.15 during the day. Cactus Inc secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14 % return per unit of standard deviation over the last 3 months. Cactus Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cactus' mean deviation of 1.59, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide.
Cactus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cactus |
Sharpe Ratio = -0.1423
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Estimated Market Risk
| 2.17 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cactus 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 Cactus by adding Cactus to a well-diversified portfolio.
Cactus Valuation on May 22, 2024
It is possible to determine the worth of Cactus on a given historical date. On May 22, 2024 Cactus was worth 50.76 at the beginning of the trading date compared to the closed value of 49.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cactus stock. Still, in general, we apply an absolute valuation method to find Cactus' 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 Cactus where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cactus' related companies.
| Open | High | Low | Close | Volume | |
| 51.18 | 51.68 | 50.59 | 50.84 | 391,132 | |
05/22/2024 | 50.76 | 50.87 | 49.72 | 49.82 | 415,412 |
| 50.10 | 50.38 | 49.84 | 50.12 | 493,294 |
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Cactus Trading Date Momentum on May 22, 2024
| On May 23 2024 Cactus Inc was traded for 50.12 at the closing time. Highest Cactus's price during the trading hours was 50.38 and the lowest price during the day was 49.84 . The net volume was 493.3 K. The overall trading history on the 23rd of May contributed to the next trading period price growth. The trading price change to the next next day price was 0.60% . The overall trading delta to current price is 2.27% . |
Cactus Inc Fundamentals Correlations and Trends
By evaluating Cactus' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cactus' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cactus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cactus Stock history
Cactus 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 Cactus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cactus Inc 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 Cactus stock prices may prove useful in developing a viable investing in Cactus
Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas. Cactus Inc operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1000 people.
Cactus Stock Technical Analysis
Cactus 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
Cactus Period Price Range
Low | March 21, 2025
| High |
0.00 | 0.00 |
Cactus Inc 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.
Cactus March 21, 2025 Market Strength
Market strength indicators help investors to evaluate how Cactus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cactus shares will generate the highest return on investment. By undertsting and applying Cactus stock market strength indicators, traders can identify Cactus Inc entry and exit signals to maximize returns
Cactus Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cactus' price direction in advance. Along with the technical and fundamental analysis of Cactus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cactus 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 | (0.12) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 1.53 |
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| Volume Indicators |
Complementary Tools for Cactus Stock analysis
When running Cactus' price analysis, check to measure Cactus' 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 Cactus is operating at the current time. Most of Cactus' value examination focuses on studying past and present price action to predict the probability of Cactus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cactus' price. Additionally, you may evaluate how the addition of Cactus to your portfolios can decrease your overall portfolio volatility.
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