Balco Group (Sweden) Price on May 5, 2023
| BALCO Stock | SEK 37.90 0.40 1.07% |
If you're considering investing in Balco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Balco Group stands at 37.90, as last reported on the 11th of December 2024, with the highest price reaching 38.10 and the lowest price hitting 37.80 during the day. Balco Group AB secures Sharpe Ratio (or Efficiency) of -0.0104, which signifies that the company had a -0.0104% return per unit of risk over the last 3 months. Balco Group AB exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Balco Group's Mean Deviation of 1.38, downside deviation of 1.51, and Risk Adjusted Performance of 0.0148 to double-check the risk estimate we provide.
Balco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Balco |
Sharpe Ratio = -0.0104
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Estimated Market Risk
| 2.04 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.02 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 Balco 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 Balco Group by adding Balco Group to a well-diversified portfolio.
Balco Group Valuation on May 5, 2023
It is possible to determine the worth of Balco Group on a given historical date. On May 5, 2023 Balco was worth 44.97 at the beginning of the trading date compared to the closed value of 44.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Balco Group stock. Still, in general, we apply an absolute valuation method to find Balco 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 Balco Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Balco Group's related companies.
| Open | High | Low | Close | Volume | |
| 44.87 | 44.87 | 43.91 | 44.00 | 8,485 | |
05/05/2023 | 44.97 | 45.30 | 44.48 | 44.97 | 47,303 |
| 44.97 | 46.85 | 44.39 | 46.61 | 17,150 |
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Balco Group Trading Date Momentum on May 5, 2023
| On May 08 2023 Balco Group AB was traded for 46.61 at the closing time. The highest price during the trading period was 46.85 and the lowest recorded bid was listed for 44.39 . The volume for the day was 17.1 K. This history from May 8, 2023 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 3.65% . The overall trading delta to the current price is 1.98% . |
Balco Group AB Fundamentals Correlations and Trends
By evaluating Balco 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 Balco Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Balco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Balco Group Stock history
Balco 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 Balco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Balco 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 Balco Group stock prices may prove useful in developing a viable investing in Balco Group
Balco Group AB develops, produces, and sells balcony systems to tenant-owner associations, private landlords, and publicly housing and construction companies in Sweden, Norway, Denmark, Germany, Finland, the United Kingdom, the Netherlands, and Switzerland. The company was founded in 1987 and is headquartered in Vxj, Sweden. Balco Group is traded on Stockholm Stock Exchange in Sweden.
Balco Group Stock Technical Analysis
Balco 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.
Price Boundaries
Balco Group Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Balco 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.
Balco Group December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Balco 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 Balco Group shares will generate the highest return on investment. By undertsting and applying Balco Group stock market strength indicators, traders can identify Balco Group AB entry and exit signals to maximize returns
Balco Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Balco Group's price direction in advance. Along with the technical and fundamental analysis of Balco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Balco 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 | 0.0148 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.021 |
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Additional Tools for Balco Stock Analysis
When running Balco Group's price analysis, check to measure Balco 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 Balco Group is operating at the current time. Most of Balco Group's value examination focuses on studying past and present price action to predict the probability of Balco 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 Balco Group's price. Additionally, you may evaluate how the addition of Balco Group to your portfolios can decrease your overall portfolio volatility.