ELECOM (Germany) Price on June 21, 2024
| 9EL Stock | EUR 8.65 0.10 1.17% |
If you're considering investing in ELECOM Stock, it is important to understand the factors that can impact its price. As of today, the current price of ELECOM stands at 8.65, as last reported on the 28th of November, with the highest price reaching 8.65 and the lowest price hitting 8.60 during the day. At this point, ELECOM is not too volatile. ELECOM LTD secures Sharpe Ratio (or Efficiency) of 0.0054, which denotes the company had a 0.0054% return per unit of return volatility over the last 3 months. We have found twenty-three technical indicators for ELECOM LTD, which you can use to evaluate the volatility of the firm. Please confirm ELECOM's standard deviation of 1.12, and Mean Deviation of 0.8791 to check if the risk estimate we provide is consistent with the expected return of 0.0059%.
ELECOM Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ELECOM |
Sharpe Ratio = 0.0054
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| Negative Returns | 9EL |
Estimated Market Risk
| 1.1 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.01 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 ELECOM 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 ELECOM by adding ELECOM to a well-diversified portfolio.
ELECOM Valuation on June 21, 2024
It is possible to determine the worth of ELECOM on a given historical date. On June 21, 2024 ELECOM was worth 9.2 at the beginning of the trading date compared to the closed value of 9.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ELECOM stock. Still, in general, we apply an absolute valuation method to find ELECOM'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 ELECOM where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ELECOM's related companies.
| Open | High | Low | Close | Volume | |
| 9.25 | 9.25 | 9.20 | 9.20 | 100.00 | |
06/21/2024 | 9.20 | 9.20 | 9.15 | 9.15 | 100.00 |
| 9.30 | 9.30 | 9.25 | 9.25 | 100.00 |
| Backtest ELECOM | | | ELECOM History | | | ELECOM Valuation | Previous | Next |
ELECOM Trading Date Momentum on June 21, 2024
| On June 24 2024 ELECOM LTD was traded for 9.25 at the closing time. The highest daily price throughout the period was 9.30 and the lowest price was 9.25 . The daily volume was 100.0. The net trading volume on 06/24/2024 added to the next day price rise. The daily price change to closing price of the next trading day was 1.09% . The overall trading delta to current closing price is 0.55% . |
ELECOM LTD Fundamentals Correlations and Trends
By evaluating ELECOM'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 ELECOM's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ELECOM financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ELECOM Stock history
ELECOM 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 ELECOM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ELECOM LTD 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 ELECOM stock prices may prove useful in developing a viable investing in ELECOM
Elecom Co., Ltd. manufactures and sells personal computer and digital device related products worldwide. The company was incorporated in 1986 and is headquartered in Osaka, Japan. ELECOM operates under Computer Hardware classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1452 people.
ELECOM Stock Technical Analysis
ELECOM 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
ELECOM Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
ELECOM LTD 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.
ELECOM November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how ELECOM stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ELECOM shares will generate the highest return on investment. By undertsting and applying ELECOM stock market strength indicators, traders can identify ELECOM LTD entry and exit signals to maximize returns
ELECOM Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ELECOM's price direction in advance. Along with the technical and fundamental analysis of ELECOM Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ELECOM 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 | 0.0014 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.06) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for ELECOM Stock analysis
When running ELECOM's price analysis, check to measure ELECOM'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 ELECOM is operating at the current time. Most of ELECOM's value examination focuses on studying past and present price action to predict the probability of ELECOM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ELECOM's price. Additionally, you may evaluate how the addition of ELECOM to your portfolios can decrease your overall portfolio volatility.
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