Cortus Energy (Sweden) Price on September 5, 2023
| CE Stock | SEK 0.17 0.01 5.56% |
If you're considering investing in Cortus Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cortus Energy stands at 0.17, as last reported on the 30th of November, with the highest price reaching 0.18 and the lowest price hitting 0.16 during the day. Cortus Energy AB secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Cortus Energy AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cortus Energy's Mean Deviation of 4.64, standard deviation of 7.21, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide.
Cortus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cortus |
Sharpe Ratio = -0.1667
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Estimated Market Risk
| 7.18 actual daily | 63 63% of assets are less volatile |
Expected Return
| -1.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cortus Energy 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 Cortus Energy by adding Cortus Energy to a well-diversified portfolio.
Cortus Energy Valuation on September 5, 2023
It is possible to determine the worth of Cortus Energy on a given historical date. On September 5, 2023 Cortus was worth 11.3 at the beginning of the trading date compared to the closed value of 11.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cortus Energy stock. Still, in general, we apply an absolute valuation method to find Cortus Energy'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 Cortus Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cortus Energy's related companies.
| Open | High | Low | Close | Volume | |
| 11.66 | 12.76 | 11.22 | 11.30 | 30,707 | |
09/05/2023 | 11.30 | 11.90 | 11.02 | 11.10 | 13,640 |
| 11.00 | 12.08 | 11.00 | 11.56 | 42,649 |
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Cortus Energy Trading Date Momentum on September 5, 2023
| On September 06 2023 Cortus Energy AB was traded for 11.56 at the closing time. The highest daily price throughout the period was 12.08 and the lowest price was 11.00 . The daily volume was 42.6 K. The net trading volume on 09/06/2023 added to the next day price appreciation. The overall trading delta to closing price of the next trading day was 4.14% . The overall trading delta to current closing price is 2.16% . |
Cortus Energy AB Fundamentals Correlations and Trends
By evaluating Cortus Energy'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 Cortus Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cortus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cortus Energy Stock history
Cortus Energy 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 Cortus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cortus Energy 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 Cortus Energy stock prices may prove useful in developing a viable investing in Cortus Energy
Cortus Energy AB supplies renewable energy gas generated from the gasification of biomass in Sweden. It offers energy gas based on its WoodRoll patented gasification technology for the process, power, industrial, and transportation applications. Cortus Energy is traded on Stockholm Stock Exchange in Sweden.
Cortus Energy Stock Technical Analysis
Cortus Energy 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
Cortus Energy Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Cortus Energy 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.
Cortus Energy November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Cortus Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cortus Energy shares will generate the highest return on investment. By undertsting and applying Cortus Energy stock market strength indicators, traders can identify Cortus Energy AB entry and exit signals to maximize returns
Cortus Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cortus Energy's price direction in advance. Along with the technical and fundamental analysis of Cortus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cortus 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 | (0.13) | |||
| Jensen Alpha | (1.28) | |||
| Total Risk Alpha | (2.50) | |||
| Treynor Ratio | 6.7 |
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Additional Tools for Cortus Stock Analysis
When running Cortus Energy's price analysis, check to measure Cortus Energy'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 Cortus Energy is operating at the current time. Most of Cortus Energy's value examination focuses on studying past and present price action to predict the probability of Cortus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cortus Energy's price. Additionally, you may evaluate how the addition of Cortus Energy to your portfolios can decrease your overall portfolio volatility.