Byggmax Group (Sweden) Price on August 29, 2024
| BMAX Stock | SEK 48.74 1.44 3.04% |
If you're considering investing in Byggmax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Byggmax Group stands at 48.74, as last reported on the 11th of December 2024, with the highest price reaching 48.90 and the lowest price hitting 46.50 during the day. Byggmax Group appears to be very steady, given 3 months investment horizon. Byggmax Group AB secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Byggmax Group AB, which you can use to evaluate the volatility of the firm. Please makes use of Byggmax Group's mean deviation of 1.98, and Risk Adjusted Performance of 0.0868 to double-check if our risk estimates are consistent with your expectations.
Byggmax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Byggmax |
Sharpe Ratio = 0.1086
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Estimated Market Risk
| 2.77 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Byggmax Group is performing at about 8% 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 Byggmax Group by adding it to a well-diversified portfolio.
Byggmax Group Valuation on August 29, 2024
It is possible to determine the worth of Byggmax Group on a given historical date. On August 29, 2024 Byggmax was worth 41.62 at the beginning of the trading date compared to the closed value of 41.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Byggmax Group stock. Still, in general, we apply an absolute valuation method to find Byggmax 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 Byggmax Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Byggmax Group's related companies.
| Open | High | Low | Close | Volume | |
| 42.00 | 42.00 | 41.50 | 41.62 | 119,149 | |
08/29/2024 | 41.62 | 42.90 | 41.62 | 41.82 | 86,707 |
| 41.92 | 42.00 | 41.00 | 41.22 | 190,429 |
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Byggmax Group Trading Date Momentum on August 29, 2024
| On August 30 2024 Byggmax Group AB was traded for 41.22 at the closing time. The highest price during the trading period was 42.00 and the lowest recorded bid was listed for 41.00 . The volume for the day was 190.4 K. This history from August 30, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.43% . The overall trading delta to the current price is 3.83% . |
Byggmax Group AB Fundamentals Correlations and Trends
By evaluating Byggmax 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 Byggmax Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Byggmax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Byggmax Group Stock history
Byggmax 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 Byggmax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Byggmax 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 Byggmax Group stock prices may prove useful in developing a viable investing in Byggmax Group
Byggmax Group AB sells building materials for common maintenance and DIY projects. Byggmax Group AB was founded in 1993 and is headquartered in Solna, Sweden. Byggmax Group operates under Building And Construction Materials classification in Sweden and is traded on Stockholm Stock Exchange. It employs 1211 people.
Byggmax Group Stock Technical Analysis
Byggmax 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
Byggmax Group Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Byggmax Group December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Byggmax 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 Byggmax Group shares will generate the highest return on investment. By undertsting and applying Byggmax Group stock market strength indicators, traders can identify Byggmax Group AB entry and exit signals to maximize returns
Byggmax Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Byggmax Group's price direction in advance. Along with the technical and fundamental analysis of Byggmax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Byggmax 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 | 0.0868 | |||
| Jensen Alpha | 0.3245 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | (1.04) |
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Additional Tools for Byggmax Stock Analysis
When running Byggmax Group's price analysis, check to measure Byggmax 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 Byggmax Group is operating at the current time. Most of Byggmax Group's value examination focuses on studying past and present price action to predict the probability of Byggmax 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 Byggmax Group's price. Additionally, you may evaluate how the addition of Byggmax Group to your portfolios can decrease your overall portfolio volatility.