Stronghold Digital Mining Stock Price on April 29, 2024
SDIG Stock | USD 2.95 0.24 8.86% |
If you're considering investing in Stronghold Stock, it is important to understand the factors that can impact its price. As of today, the current price of Stronghold Digital stands at 2.95, as last reported on the 21st of May, with the highest price reaching 2.96 and the lowest price hitting 2.65 during the day. Stronghold Digital Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0521, which indicates the firm had a -0.0521% return per unit of risk over the last 3 months. Stronghold Digital Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stronghold Digital's Coefficient Of Variation of (1,920), risk adjusted performance of (0.02), and Variance of 64.82 to confirm the risk estimate we provide.
Stronghold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Stronghold |
Sharpe Ratio = -0.0521
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Estimated Market Risk
8.05 actual daily | 71 71% of assets are less volatile |
Expected Return
-0.42 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Stronghold Digital is not performing at its full potential. However, 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 Stronghold Digital by adding Stronghold Digital to a well-diversified portfolio.
Stronghold Digital Valuation on April 29, 2024
It is possible to determine the worth of Stronghold Digital on a given historical date. On April 29, 2024 Stronghold was worth 3.49 at the beginning of the trading date compared to the closed value of 3.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Stronghold Digital stock. Still, in general, we apply an absolute valuation method to find Stronghold Digital'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 Stronghold Digital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Stronghold Digital's related companies.
Open | High | Low | Close | Volume | |
3.82 | 3.92 | 3.46 | 3.49 | 398,787 | |
04/29/2024 | 3.49 | 3.52 | 3.12 | 3.15 | 338,837 |
3.03 | 3.29 | 3.03 | 3.13 | 201,695 |
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Stronghold Digital Trading Date Momentum on April 29, 2024
On April 30 2024 Stronghold Digital Mining was traded for 3.13 at the closing time. The top price for the day was 3.29 and the lowest listed price was 3.03 . The trading volume for the day was 201.7 K. The trading history from April 30, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.63% . The trading price change against the current closing price is 3.81% . |
Stronghold Digital Mining Fundamentals Correlations and Trends
By evaluating Stronghold Digital'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 Stronghold Digital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Stronghold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Stronghold Digital Stock history
Stronghold Digital 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 Stronghold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Stronghold Digital Mining 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 Stronghold Digital stock prices may prove useful in developing a viable investing in Stronghold Digital
Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. The company was incorporated in 2021 and is headquartered in New York, New York. Stronghold Digital operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 16 people.
Stronghold Digital Stock Technical Analysis
Stronghold Digital 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
Stronghold Digital Period Price Range
Low | April 29, 2024
| High |
3.49 | 3.15 |
Stronghold Digital May 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Stronghold Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Stronghold Digital shares will generate the highest return on investment. By undertsting and applying Stronghold Digital stock market strength indicators, traders can identify Stronghold Digital Mining entry and exit signals to maximize returns
Accumulation Distribution | 38504.2 | |||
Daily Balance Of Power | (0.85) | |||
Rate Of Daily Change | 0.9 | |||
Day Median Price | 3.32 | |||
Day Typical Price | 3.26 | |||
Price Action Indicator | (0.34) | |||
Period Momentum Indicator | (0.20) |
Stronghold Digital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Stronghold Digital's price direction in advance. Along with the technical and fundamental analysis of Stronghold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Stronghold 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 | (0.02) | |||
Jensen Alpha | (0.71) | |||
Total Risk Alpha | (1.42) | |||
Treynor Ratio | (0.11) |
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Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stronghold Digital Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Stronghold Stock analysis
When running Stronghold Digital's price analysis, check to measure Stronghold Digital'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 Stronghold Digital is operating at the current time. Most of Stronghold Digital's value examination focuses on studying past and present price action to predict the probability of Stronghold Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stronghold Digital's price. Additionally, you may evaluate how the addition of Stronghold Digital to your portfolios can decrease your overall portfolio volatility.
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Is Stronghold Digital'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 Stronghold Digital. If investors know Stronghold 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 Stronghold Digital 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 Stronghold Digital Mining is measured differently than its book value, which is the value of Stronghold that is recorded on the company's balance sheet. Investors also form their own opinion of Stronghold Digital's value that differs from its market value or its book value, called intrinsic value, which is Stronghold Digital'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 Stronghold Digital's market value can be influenced by many factors that don't directly affect Stronghold Digital'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 Stronghold Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stronghold Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stronghold Digital'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.