Solid Clouds is trading at 2.30 as of the 11th of December 2024. This is a 11.54 percent decrease since the beginning of the trading day. The stock's open price was 2.6. Solid Clouds has hardly any chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. The performance scores are derived for the period starting the 11th of November 2024 and ending today, the 11th of December 2024. Click here to learn more.
Although Solid Clouds' alpha and beta are two of the key measurements used to evaluate Solid Clouds' performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Solid Clouds stock to make a market-neutral strategy. Peer analysis of Solid Clouds could also be used in its relative valuation, which is a method of valuing Solid Clouds by comparing valuation metrics with similar companies.