Addtech AB (Sweden) Price on May 3, 2024
ADDT-B Stock | SEK 302.40 1.20 0.40% |
If you're considering investing in Addtech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Addtech AB stands at 302.40, as last reported on the 26th of November, with the highest price reaching 305.20 and the lowest price hitting 298.00 during the day. Addtech AB secures Sharpe Ratio (or Efficiency) of -0.0525, which signifies that the company had a -0.0525% return per unit of standard deviation over the last 3 months. Addtech AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Addtech AB's mean deviation of 1.44, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
Addtech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Addtech |
Sharpe Ratio = -0.0525
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Estimated Market Risk
1.89 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.1 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 Addtech AB 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 Addtech AB by adding Addtech AB to a well-diversified portfolio.
Addtech AB Valuation on May 3, 2024
It is possible to determine the worth of Addtech AB on a given historical date. On May 3, 2024 Addtech was worth 226.04 at the beginning of the trading date compared to the closed value of 230.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Addtech AB stock. Still, in general, we apply an absolute valuation method to find Addtech AB'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 Addtech AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Addtech AB's related companies.
Open | High | Low | Close | Volume | |
228.81 | 231.39 | 224.65 | 226.63 | 497,573 | |
05/03/2024 | 226.04 | 233.57 | 226.04 | 230.80 | 146,759 |
230.80 | 232.78 | 229.21 | 231.39 | 81,322 |
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Addtech AB Trading Date Momentum on May 3, 2024
On May 06 2024 Addtech AB was traded for 231.39 at the closing time. The highest price during the trading period was 232.78 and the lowest recorded bid was listed for 229.21 . The volume for the day was 81.3 K. This history from May 6, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.26% . The overall trading delta to the current price is 4.29% . |
Addtech AB Fundamentals Correlations and Trends
By evaluating Addtech AB'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 Addtech AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Addtech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Addtech AB Stock history
Addtech AB 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 Addtech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Addtech AB 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 Addtech AB stock prices may prove useful in developing a viable investing in Addtech AB
Addtech AB operates as a technology trading company in Sweden, Denmark, Finland, Norway, and internationally. The company was founded in 1906 and is headquartered in Stockholm, Sweden. Addtech AB operates under Industrial Distribution classification in Sweden and is traded on Stockholm Stock Exchange. It employs 2896 people.
Addtech AB Stock Technical Analysis
Addtech AB 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
Addtech AB Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Addtech AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
Addtech AB November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Addtech AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Addtech AB shares will generate the highest return on investment. By undertsting and applying Addtech AB stock market strength indicators, traders can identify Addtech AB entry and exit signals to maximize returns
Addtech AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Addtech AB's price direction in advance. Along with the technical and fundamental analysis of Addtech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Addtech 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 | (0.03) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.39) | |||
Treynor Ratio | (0.19) |
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When running Addtech AB's price analysis, check to measure Addtech AB'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 Addtech AB is operating at the current time. Most of Addtech AB's value examination focuses on studying past and present price action to predict the probability of Addtech AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addtech AB's price. Additionally, you may evaluate how the addition of Addtech AB to your portfolios can decrease your overall portfolio volatility.
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