Addnode Group (Sweden) Price on October 23, 2024

ANOD-B Stock  SEK 100.50  0.70  0.69%   
If you're considering investing in Addnode Stock, it is important to understand the factors that can impact its price. As of today, the current price of Addnode Group stands at 100.50, as last reported on the 26th of November, with the highest price reaching 102.00 and the lowest price hitting 99.75 during the day. Addnode Group AB secures Sharpe Ratio (or Efficiency) of -0.0438, which signifies that the company had a -0.0438% return per unit of standard deviation over the last 3 months. Addnode Group AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Addnode Group's mean deviation of 1.39, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
  
Addnode Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0438

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Estimated Market Risk

 1.93
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Addnode Group 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 Addnode Group by adding Addnode Group to a well-diversified portfolio.

Addnode Group Valuation on October 23, 2024

It is possible to determine the worth of Addnode Group on a given historical date. On October 23, 2024 Addnode was worth 106.0 at the beginning of the trading date compared to the closed value of 107.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Addnode Group stock. Still, in general, we apply an absolute valuation method to find Addnode Group'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 Addnode Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Addnode Group's related companies.
 Open High Low Close Volume
  108.40    108.40    104.90    105.80    50,489  
10/23/2024
  106.00    108.00    104.00    107.50    76,367  
  114.30    120.00    113.60    116.30    262,917  
Backtest Addnode Group  |  Addnode Group History  |  Addnode Group Valuation   PreviousNext  
Open Value
106.0
100.20
Downside
107.5
Closing Value
111.80
Upside

Addnode Group Trading Date Momentum on October 23, 2024

On October 24 2024 Addnode Group AB was traded for  116.30  at the closing time. The highest price during the trading period was 120.00  and the lowest recorded bid was listed for  113.60 . The volume for the day was 262.9 K. This history from October 24, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 8.19% . The overall trading delta to the current price is 1.30% .

Addnode Group AB Fundamentals Correlations and Trends

By evaluating Addnode Group'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 Addnode Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Addnode financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Addnode Group Stock history

Addnode Group 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 Addnode is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Addnode Group 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 Addnode Group stock prices may prove useful in developing a viable investing in Addnode Group
Addnode Group AB provides software and services for the design, construction, product data information, project collaboration, and property management. The company was founded in 2002 and is based in Stockholm, Sweden. Addnode Group operates under Software Providers classification in Sweden and is traded on Stockholm Stock Exchange. It employs 1656 people.

Addnode Group Stock Technical Analysis

Addnode Group 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.
A focus of Addnode Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Addnode Group trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Addnode Group Period Price Range

Low
November 26, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Addnode Group 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.

Addnode Group November 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Addnode Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Addnode Group shares will generate the highest return on investment. By undertsting and applying Addnode Group stock market strength indicators, traders can identify Addnode Group AB entry and exit signals to maximize returns

Addnode Group Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Addnode Group's price direction in advance. Along with the technical and fundamental analysis of Addnode Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Addnode 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.

Complementary Tools for Addnode Stock analysis

When running Addnode Group's price analysis, check to measure Addnode Group'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 Addnode Group is operating at the current time. Most of Addnode Group's value examination focuses on studying past and present price action to predict the probability of Addnode Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addnode Group's price. Additionally, you may evaluate how the addition of Addnode Group to your portfolios can decrease your overall portfolio volatility.
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