STMicroelectronics is selling at 23.40 as of the 23rd of November 2024; that is 1.39% up since the beginning of the trading day. The stock's last reported lowest price was 22.99. STMicroelectronics has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for STMicroelectronics NV are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of October 2024 and ending today, the 23rd of November 2024. Click here to learn more.
Although STMicroelectronics' alpha and beta are two of the key measurements used to evaluate STMicroelectronics' 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 STMicroelectronics stock to make a market-neutral strategy. Peer analysis of STMicroelectronics could also be used in its relative valuation, which is a method of valuing STMicroelectronics by comparing valuation metrics with similar companies.
Additional Tools for STMicroelectronics Stock Analysis
When running STMicroelectronics' price analysis, check to measure STMicroelectronics' 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 STMicroelectronics is operating at the current time. Most of STMicroelectronics' value examination focuses on studying past and present price action to predict the probability of STMicroelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STMicroelectronics' price. Additionally, you may evaluate how the addition of STMicroelectronics to your portfolios can decrease your overall portfolio volatility.