Arjo AB (Sweden) Price on October 22, 2024
| ARJO-B Stock | SEK 37.34 0.08 0.21% |
If you're considering investing in Arjo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arjo AB stands at 37.34, as last reported on the 19th of January, with the highest price reaching 37.80 and the lowest price hitting 37.12 during the day. At this point, Arjo AB is very steady. Arjo AB secures Sharpe Ratio (or Efficiency) of 0.0344, which signifies that the company had a 0.0344% return per unit of risk over the last 3 months. We have found thirty technical indicators for Arjo AB, which you can use to evaluate the volatility of the firm. Please confirm Arjo AB's Mean Deviation of 1.04, risk adjusted performance of 0.0326, and Downside Deviation of 1.45 to double-check if the risk estimate we provide is consistent with the expected return of 0.0472%.
Arjo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arjo |
Sharpe Ratio = 0.0344
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Estimated Market Risk
| 1.37 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Arjo AB is performing at about 2% of its full potential. 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 Arjo AB by adding it to a well-diversified portfolio.
Arjo AB Valuation on October 22, 2024
It is possible to determine the worth of Arjo AB on a given historical date. On October 22, 2024 Arjo was worth 36.62 at the beginning of the trading date compared to the closed value of 36.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arjo AB stock. Still, in general, we apply an absolute valuation method to find Arjo 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 Arjo AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arjo AB's related companies.
| Open | High | Low | Close | Volume | |
| 35.80 | 36.68 | 35.52 | 36.50 | 3,071,305 | |
10/22/2024 | 36.62 | 37.16 | 36.20 | 36.54 | 1,225,490 |
| 36.58 | 36.70 | 35.38 | 35.38 | 1,724,550 |
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Arjo AB Trading Date Momentum on October 22, 2024
| On October 23 2024 Arjo AB was traded for 35.38 at the closing time. The highest price during the trading period was 36.70 and the lowest recorded bid was listed for 35.38 . The volume for the day was 1.7 M. This history from October 23, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 3.17% . The overall trading delta to the current price is 3.94% . |
Arjo AB Fundamentals Correlations and Trends
By evaluating Arjo 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 Arjo AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Arjo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Arjo AB Stock history
Arjo 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 Arjo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arjo 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 Arjo AB stock prices may prove useful in developing a viable investing in Arjo AB
Arjo AB develops and sells medical devices and solutions for patients with reduced mobility and age-related health challenges in North America, Western Europe, and internationally. The company was founded in 1957 and is headquartered in Malmo, Sweden. Arjo AB is traded on Stockholm Stock Exchange in Sweden.
Arjo AB Stock Technical Analysis
Arjo 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
Arjo AB Period Price Range
Low | January 19, 2025
| High |
0.00 | 0.00 |
Arjo 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.
Arjo AB January 19, 2025 Market Strength
Market strength indicators help investors to evaluate how Arjo 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 Arjo AB shares will generate the highest return on investment. By undertsting and applying Arjo AB stock market strength indicators, traders can identify Arjo AB entry and exit signals to maximize returns
Arjo AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arjo AB's price direction in advance. Along with the technical and fundamental analysis of Arjo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arjo 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 | 0.0326 | |||
| Jensen Alpha | 0.0333 | |||
| Total Risk Alpha | 0.0048 | |||
| Sortino Ratio | 0.0121 | |||
| Treynor Ratio | 0.188 |
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| Volume Indicators |
Complementary Tools for Arjo Stock analysis
When running Arjo AB's price analysis, check to measure Arjo 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 Arjo AB is operating at the current time. Most of Arjo AB's value examination focuses on studying past and present price action to predict the probability of Arjo 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 Arjo AB's price. Additionally, you may evaluate how the addition of Arjo AB to your portfolios can decrease your overall portfolio volatility.
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