Syntec Optics Holdings Stock Price on April 11, 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 twenty-five 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 Semi Deviation of 9.32, coefficient of variation of 909.3, and Risk Adjusted Performance of 0.0728 to evaluate company specific risk that cannot be diversified away.
Other Stockholder Equity is likely to climb to about 290.8 K in 2024, whereas Total Stockholder Equity is likely to drop slightly above 7.9 M in 2024. . Syntec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Syntec |
Sharpe Ratio = 0.2215
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| Small Returns | OPTXW | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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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.
Shares Short Prior Month 32.8 K | Shares Short 49.7 K |
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Syntec Optics Valuation on April 11, 2024
It is possible to determine the worth of Syntec Optics on a given historical date. On April 11, 2024 Syntec was worth 0.2 at the beginning of the trading date compared to the closed value of 0.18. 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 | |
04/11/2024 | 0.20 | 0.25 | 0.17 | 0.18 | 745,203 |
| 0.20 | 0.20 | 0.18 | 0.19 | 132,482 |
| Backtest Syntec Optics | | | Syntec Optics History | | | Syntec Optics Valuation | Next |
Syntec Optics Trading Date Momentum on April 11, 2024
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 33 M | 29.4 M |
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 | April 11, 2024
| High |
0.20 | 0.18 |
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
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 | 0.0728 | |||
| Jensen Alpha | 1.54 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0865 | |||
| Treynor Ratio | (3.14) |
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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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.
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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.
Quarterly Revenue Growth 0.112 |
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.