Syntec Optics Holdings Stock Price on March 28, 2024
| OPTXW Stock | 0.18 0.00 0.00% |
If you're considering investing in Syntec Stock, it is important to understand the factors that can impact its price. As of today, the current price of Syntec Optics stands at 0.18, as last reported on the 23rd of May, with the highest price reaching 0.18 and the lowest price hitting 0.18 during the day. Syntec Optics is out of control given 3 months investment horizon. Syntec Optics Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. We have analyzed and interpolated nineteen different technical indicators, which can help you to evaluate if expected returns of 1.25% are justified by taking the suggested risk. Use Syntec Optics Holdings Risk Adjusted Performance of 0.1364, variance of 31.73, and Coefficient Of Variation of 451.37 to evaluate company specific risk that cannot be diversified away.
Syntec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Syntec |
Sharpe Ratio = 0.2215
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | OPTXW | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.63 actual daily | 49 51% of assets are more volatile |
Expected Return
| 1.25 actual daily | 24 76% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Syntec Optics is performing at about 17% of its full potential. 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 Syntec Optics by adding it to a well-diversified portfolio.
Related Headline
Virco Manufacturing Headline on 28th of March 2024
Filed transaction by Virco Manufacturing Officer Assistant Secretary Treasure. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
Syntec Optics Valuation on March 28, 2024
It is possible to determine the worth of Syntec Optics on a given historical date. On March 28, 2024 Syntec was worth 0.15 at the beginning of the trading date compared to the closed value of 0.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Syntec Optics stock. Still, in general, we apply an absolute valuation method to find Syntec Optics' 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 Syntec Optics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Syntec Optics' related companies.
| Open | High | Low | Close | Volume | |
| 0.13 | 0.14 | 0.13 | 0.14 | 1.00 | |
03/28/2024 | 0.15 | 0.15 | 0.15 | 0.15 | 12.00 |
| 0.20 | 0.25 | 0.17 | 0.18 | 745,203 |
| Backtest Syntec Optics | | | Syntec Optics History | | | Syntec Optics Valuation | Previous | Next |
Syntec Optics Trading Date Momentum on March 28, 2024
| On April 11 2024 Syntec Optics Holdings was traded for 0.18 at the closing time. The highest daily price throughout the period was 0.25 and the lowest price was 0.17 . The daily volume was 745.2 K. The net trading volume on 04/11/2024 added to the next day price increase. The trading delta at closing time to closing price of the next trading day was 20.00% . The trading price change to current closing price is 33.33% . |
Syntec Optics Holdings Fundamentals Correlations and Trends
By evaluating Syntec Optics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Syntec Optics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Syntec financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Syntec Optics Stock history
Syntec Optics 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 Syntec is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Syntec Optics Holdings 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 Syntec Optics stock prices may prove useful in developing a viable investing in Syntec Optics
Syntec Optics Stock Technical Analysis
Syntec Optics 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
Syntec Optics Period Price Range
Low | March 28, 2024
| High |
0.15 | 0.15 |
Syntec Optics May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Syntec Optics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Syntec Optics shares will generate the highest return on investment. By undertsting and applying Syntec Optics stock market strength indicators, traders can identify Syntec Optics Holdings entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.15 | |||
| Day Typical Price | 0.15 | |||
| Period Momentum Indicator | 0.03 | |||
| Relative Strength Index | 56.87 |
Syntec Optics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Syntec Optics' price direction in advance. Along with the technical and fundamental analysis of Syntec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Syntec 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 | 0.1364 | |||
| Jensen Alpha | 1.41 | |||
| Total Risk Alpha | 0.5715 | |||
| Treynor Ratio | (0.48) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Syntec Optics Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Syntec Stock analysis
When running Syntec Optics' price analysis, check to measure Syntec Optics' 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 Syntec Optics is operating at the current time. Most of Syntec Optics' value examination focuses on studying past and present price action to predict the probability of Syntec Optics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Syntec Optics' price. Additionally, you may evaluate how the addition of Syntec Optics to your portfolios can decrease your overall portfolio volatility.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Stocks Directory Find actively traded stocks across global markets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |
Is Syntec Optics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Syntec Optics. If investors know Syntec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Syntec Optics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Syntec Optics Holdings is measured differently than its book value, which is the value of Syntec that is recorded on the company's balance sheet. Investors also form their own opinion of Syntec Optics' value that differs from its market value or its book value, called intrinsic value, which is Syntec Optics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Syntec Optics' market value can be influenced by many factors that don't directly affect Syntec Optics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Syntec Optics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Syntec Optics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Syntec Optics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.