Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. We can see from the shorts that 6.11 million shares have been sold at a short interest cover period of 2.36 day(s).Disclaimer: The TipRanks Smart Score performance is based on backtested results. (NASDAQ:XEL) is -6.49% down in the 30-day period. The company’s shares are currently down -9.43% year-to-date, but still down -1.26% over the last five days. The rise to weekly highs of 64.82 on Tuesday, 06/13/23 increased the stock’s daily price by 2.04%. The performance over the last five days has remained in the red territory. Instantly XEL has been showing a green trend so far today with a performance of 0.59% on intraday trading today. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023". Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. The electric vehicle boom is accelerating – and fast. is expected to report earnings per share of $0.6 for the current quarter. Among the rest, 8 recommended XEL as a Hold, whereas 6 deemed it a Buy, and 1 rated it as Underweight. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell another 0 rate it as Overweight. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.50. We note from Xcel Energy Inc.’s average daily trading volume that its 10-day average is 4.37 million shares, with the 3-month average coming to 3.04 million. The share price’s 52-week low was $56.89, which indicates that the recent value has risen by an impressive 10.41% since then. XEL at last check was trading at a discount to its 52-week high of $77.66, offering almost -22.3% off that amount. Most recently the company’s share price was $63.50, and it changed around $0.37 or 0.59% from the last close, which brings the market valuation of the company to $35.12B. (NASDAQ:XEL) have been traded, and its beta is 0.44. In today’s recent session, 1.22 million shares of the Xcel Energy Inc.
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