Concentric (Sweden) Price on February 13, 2024
| COIC Stock | SEK 230.00 1.00 0.44% |
If you're considering investing in Concentric Stock, it is important to understand the factors that can impact its price. As of today, the current price of Concentric stands at 230.00, as last reported on the 29th of November, with the highest price reaching 231.00 and the lowest price hitting 229.00 during the day. Currently, Concentric AB is very steady. Concentric AB secures Sharpe Ratio (or Efficiency) of 0.0286, which signifies that the company had a 0.0286% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Concentric AB, which you can use to evaluate the volatility of the firm. Please confirm Concentric's Mean Deviation of 2.1, risk adjusted performance of 0.0955, and Downside Deviation of 1.34 to double-check if the risk estimate we provide is consistent with the expected return of 0.0326%.
Concentric Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Concentric |
Sharpe Ratio = 0.0286
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Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.03 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 Concentric 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 Concentric by adding it to a well-diversified portfolio.
Concentric Valuation on February 13, 2024
It is possible to determine the worth of Concentric on a given historical date. On February 13, 2024 Concentric was worth 160.75 at the beginning of the trading date compared to the closed value of 160.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Concentric stock. Still, in general, we apply an absolute valuation method to find Concentric'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 Concentric where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Concentric's related companies.
| Open | High | Low | Close | Volume | |
| 159.77 | 162.12 | 158.60 | 161.53 | 28,246 | |
02/13/2024 | 160.75 | 164.27 | 158.40 | 160.16 | 21,981 |
| 160.55 | 164.27 | 159.19 | 164.27 | 18,099 |
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Concentric Trading Date Momentum on February 13, 2024
| On February 14 2024 Concentric AB was traded for 164.27 at the closing time. The highest price during the trading period was 164.27 and the lowest recorded bid was listed for 159.19 . The volume for the day was 18.1 K. This history from February 14, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 2.57% . The overall trading delta to the current price is 8.19% . |
Concentric AB Fundamentals Correlations and Trends
By evaluating Concentric'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 Concentric's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Concentric financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Concentric Stock history
Concentric 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 Concentric is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Concentric 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 Concentric stock prices may prove useful in developing a viable investing in Concentric
Concentric AB designs, develops, manufactures, and distributes engine and hydraulic products in the Americas, Europe, and internationally. The company was founded in 1921 and is headquartered in Linkping, Sweden. Concentric operates under Engines And Heavy Machinery classification in Sweden and is traded on Stockholm Stock Exchange. It employs 893 people.
Concentric Stock Technical Analysis
Concentric 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
Concentric Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Concentric 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.
Concentric November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Concentric stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Concentric shares will generate the highest return on investment. By undertsting and applying Concentric stock market strength indicators, traders can identify Concentric AB entry and exit signals to maximize returns
Concentric Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Concentric's price direction in advance. Along with the technical and fundamental analysis of Concentric Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Concentric 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 | 0.0955 | |||
| Jensen Alpha | 0.878 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.5317 | |||
| Treynor Ratio | (1.97) |
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| Volume Indicators |
Additional Tools for Concentric Stock Analysis
When running Concentric's price analysis, check to measure Concentric'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 Concentric is operating at the current time. Most of Concentric's value examination focuses on studying past and present price action to predict the probability of Concentric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concentric's price. Additionally, you may evaluate how the addition of Concentric to your portfolios can decrease your overall portfolio volatility.