AbbVie (Germany) Price on November 24, 2023
4AB Stock | EUR 173.96 1.94 1.10% |
If you're considering investing in AbbVie Stock, it is important to understand the factors that can impact its price. As of today, the current price of AbbVie stands at 173.96, as last reported on the 2nd of December, with the highest price reaching 173.96 and the lowest price hitting 172.52 during the day. AbbVie Inc secures Sharpe Ratio (or Efficiency) of -0.0095, which signifies that the company had a -0.0095% return per unit of standard deviation over the last 3 months. AbbVie Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AbbVie's risk adjusted performance of (0.0007), and Mean Deviation of 1.22 to double-check the risk estimate we provide.
AbbVie Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
AbbVie |
Sharpe Ratio = -0.0095
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Estimated Market Risk
2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average AbbVie 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 AbbVie by adding AbbVie to a well-diversified portfolio.
AbbVie Valuation on November 24, 2023
It is possible to determine the worth of AbbVie on a given historical date. On November 24, 2023 AbbVie was worth 122.13 at the beginning of the trading date compared to the closed value of 122.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AbbVie stock. Still, in general, we apply an absolute valuation method to find AbbVie'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 AbbVie where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AbbVie's related companies.
Open | High | Low | Close | Volume | |
121.36 | 122.81 | 121.36 | 122.81 | 1,165 | |
11/24/2023 | 122.13 | 122.71 | 122.13 | 122.71 | 1,118 |
122.42 | 122.42 | 122.13 | 122.33 | 1,066 |
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AbbVie Trading Date Momentum on November 24, 2023
On November 27 2023 AbbVie Inc was traded for 122.33 at the closing time. The highest daily price throughout the period was 122.42 and the lowest price was 122.13 . The daily volume was 1.1 K. The net trading volume on 11/27/2023 added to the next day price reduction. The daily price change to closing price of the next trading day was 0.31% . The overall trading delta to current closing price is 3.76% . |
AbbVie Inc Fundamentals Correlations and Trends
By evaluating AbbVie'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 AbbVie's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. AbbVie financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AbbVie Stock history
AbbVie 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 AbbVie is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AbbVie Inc 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 AbbVie stock prices may prove useful in developing a viable investing in AbbVie
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products in the United States, Japan, Germany, Canada, Italy, Spain, the Netherlands, the United Kingdom, Brazil, and internationally. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois. ABBVIE INC operates under Drug Manufacturers - Major classification in Germany and is traded on Frankfurt Stock Exchange. It employs 30000 people.
AbbVie Stock Technical Analysis
AbbVie 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
AbbVie Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
AbbVie Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
AbbVie December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how AbbVie stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AbbVie shares will generate the highest return on investment. By undertsting and applying AbbVie stock market strength indicators, traders can identify AbbVie Inc entry and exit signals to maximize returns
AbbVie Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AbbVie's price direction in advance. Along with the technical and fundamental analysis of AbbVie Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of AbbVie 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 | (0.0007) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.40) | |||
Treynor Ratio | (0.10) |
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Volume Indicators |
Complementary Tools for AbbVie Stock analysis
When running AbbVie's price analysis, check to measure AbbVie'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 AbbVie is operating at the current time. Most of AbbVie's value examination focuses on studying past and present price action to predict the probability of AbbVie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AbbVie's price. Additionally, you may evaluate how the addition of AbbVie to your portfolios can decrease your overall portfolio volatility.
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