Avanos Medical (Germany) Price on August 14, 2024
8HH Stock | EUR 17.60 0.20 1.15% |
If you're considering investing in Avanos Stock, it is important to understand the factors that can impact its price. As of today, the current price of Avanos Medical stands at 17.60, as last reported on the 13th of December 2024, with the highest price reaching 17.60 and the lowest price hitting 17.60 during the day. Avanos Medical secures Sharpe Ratio (or Efficiency) of -0.0855, which signifies that the company had a -0.0855% return per unit of standard deviation over the last 3 months. Avanos Medical exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avanos Medical's mean deviation of 1.71, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide.
Avanos Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Avanos |
Sharpe Ratio = -0.0855
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Estimated Market Risk
3.13 actual daily | 27 73% of assets are more volatile |
Expected Return
-0.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Avanos Medical 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 Avanos Medical by adding Avanos Medical to a well-diversified portfolio.
Avanos Medical Valuation on August 14, 2024
It is possible to determine the worth of Avanos Medical on a given historical date. On August 14, 2024 Avanos was worth 20.4 at the beginning of the trading date compared to the closed value of 20.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Avanos Medical stock. Still, in general, we apply an absolute valuation method to find Avanos Medical'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 Avanos Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Avanos Medical's related companies.
Open | High | Low | Close | Volume | |
20.20 | 20.20 | 20.20 | 20.20 | 6.00 | |
08/14/2024 | 20.40 | 20.40 | 20.40 | 20.40 | 6.00 |
20.40 | 20.40 | 20.40 | 20.40 | 6.00 |
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Avanos Medical Trading Date Momentum on August 14, 2024
On August 15 2024 Avanos Medical was traded for 20.40 at the closing time. The highest daily price throughout the period was 20.40 and the lowest price was 20.40 . The daily volume was 6.0. The net trading volume on 08/15/2024 did not affect price variability. The overall trading delta to current closing price is 2.94% . |
Avanos Medical Fundamentals Correlations and Trends
By evaluating Avanos Medical'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 Avanos Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Avanos financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Avanos Medical Stock history
Avanos Medical 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 Avanos is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Avanos Medical 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 Avanos Medical stock prices may prove useful in developing a viable investing in Avanos Medical
Avanos Medical, Inc. operates as a medical technology company that focuses on delivering medical device solutions to improve patients quality of life worldwide. Avanos Medical, Inc. was incorporated in 2014 and is headquartered in Alpharetta, Georgia. AVANOS MEDICAL operates under Medical Instruments Supplies classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4700 people.
Avanos Medical Stock Technical Analysis
Avanos Medical 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
Avanos Medical Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Avanos Medical 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.
Avanos Medical December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Avanos Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Avanos Medical shares will generate the highest return on investment. By undertsting and applying Avanos Medical stock market strength indicators, traders can identify Avanos Medical entry and exit signals to maximize returns
Avanos Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Avanos Medical's price direction in advance. Along with the technical and fundamental analysis of Avanos Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Avanos 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 | (0.05) | |||
Jensen Alpha | (0.41) | |||
Total Risk Alpha | (0.69) | |||
Treynor Ratio | (0.17) |
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Complementary Tools for Avanos Stock analysis
When running Avanos Medical's price analysis, check to measure Avanos Medical'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 Avanos Medical is operating at the current time. Most of Avanos Medical's value examination focuses on studying past and present price action to predict the probability of Avanos Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avanos Medical's price. Additionally, you may evaluate how the addition of Avanos Medical to your portfolios can decrease your overall portfolio volatility.
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