Sp Global Stock Price on May 3, 2024
| SPGI Stock | USD 442.30 2.43 0.55% |
If you're considering investing in SPGI Stock, it is important to understand the factors that can impact its price. As of today, the current price of SP Global stands at 442.30, as last reported on the 23rd of May, with the highest price reaching 442.62 and the lowest price hitting 438.57 during the day. We consider SP Global very steady. SP Global retains Efficiency (Sharpe Ratio) of 0.0258, which indicates the firm had a 0.0258% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for SP Global, which you can use to evaluate the volatility of the company. Please validate SP Global's Downside Deviation of 1.03, mean deviation of 0.5763, and Risk Adjusted Performance of 0.0177 to confirm if the risk estimate we provide is consistent with the expected return of 0.0207%.
SPGI Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SPGI |
Sharpe Ratio = 0.0258
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Estimated Market Risk
| 0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average SP Global is performing at about 2% 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 SP Global by adding it to a well-diversified portfolio.
SP Global Valuation on May 3, 2024
It is possible to determine the worth of SP Global on a given historical date. On May 3, 2024 SPGI was worth 421.96 at the beginning of the trading date compared to the closed value of 425.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SP Global stock. Still, in general, we apply an absolute valuation method to find SP Global's 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 SP Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SP Global's related companies.
| Open | High | Low | Close | Volume | |
| 417.54 | 419.24 | 408.84 | 416.96 | 1,221,967 | |
05/03/2024 | 421.96 | 425.37 | 420.52 | 425.18 | 1,917,834 |
| 427.39 | 427.77 | 420.89 | 425.76 | 1,316,550 |
| Backtest SP Global | | | SP Global History | | | SP Global Valuation | Previous | Next |
SP Global Trading Date Momentum on May 3, 2024
| On May 06 2024 SP Global was traded for 425.76 at the closing time. The top price for the day was 427.77 and the lowest listed price was 420.89 . The trading volume for the day was 1.3 M. The trading history from May 6, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 0.14% . The trading price change against the current closing price is 1.72% . |
SP Global Fundamentals Correlations and Trends
By evaluating SP Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SP Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SPGI financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SP Global Stock history
SP Global 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 SPGI is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SP Global 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 SP Global stock prices may prove useful in developing a viable investing in SP Global
SP Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. SP Global Inc. was founded in 1860 and is headquartered in New York, New York. SP Global operates under Financial Data Stock Exchanges classification in the United States and is traded on New York Stock Exchange. It employs 22091 people.
SP Global Stock Technical Analysis
SP Global 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
SP Global Period Price Range
Low | May 3, 2024
| High |
421.96 | 425.18 |
SP Global May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how SP Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SP Global shares will generate the highest return on investment. By undertsting and applying SP Global stock market strength indicators, traders can identify SP Global entry and exit signals to maximize returns
| Accumulation Distribution | 21866.83 | |||
| Daily Balance Of Power | 0.6639 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 422.95 | |||
| Day Typical Price | 423.69 | |||
| Price Action Indicator | 3.85 | |||
| Period Momentum Indicator | 17.12 | |||
| Relative Strength Index | 62.53 |
SP Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SP Global's price direction in advance. Along with the technical and fundamental analysis of SPGI Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPGI 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 | 0.0177 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0482 |
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| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.Note that the SP Global information on this page should be used as a complementary analysis to other SP Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for SPGI Stock analysis
When running SP Global's price analysis, check to measure SP Global's 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 SP Global is operating at the current time. Most of SP Global's value examination focuses on studying past and present price action to predict the probability of SP Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP Global's price. Additionally, you may evaluate how the addition of SP Global to your portfolios can decrease your overall portfolio volatility.
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Is SP Global's 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 SP Global. If investors know SPGI 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 SP Global 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 SP Global is measured differently than its book value, which is the value of SPGI that is recorded on the company's balance sheet. Investors also form their own opinion of SP Global's value that differs from its market value or its book value, called intrinsic value, which is SP Global's 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 SP Global's market value can be influenced by many factors that don't directly affect SP Global's 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 SP Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Global's 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.