Demant AS (Denmark) Price on November 21, 2024
DEMANT Stock | DKK 266.20 8.20 3.18% |
If you're considering investing in Demant Stock, it is important to understand the factors that can impact its price. As of today, the current price of Demant AS stands at 266.20, as last reported on the 23rd of November, with the highest price reaching 268.00 and the lowest price hitting 258.40 during the day. Demant AS secures Sharpe Ratio (or Efficiency) of -0.0309, which denotes the company had a -0.0309% return per unit of risk over the last 3 months. Demant AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Demant AS's Standard Deviation of 1.66, mean deviation of 1.24, and Variance of 2.74 to check the risk estimate we provide.
Demant Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Demant |
Sharpe Ratio = -0.0309
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | DEMANT |
Estimated Market Risk
1.66 actual daily | 14 86% 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 | 0 Most of other assets perform better |
Based on monthly moving average Demant AS 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 Demant AS by adding Demant AS to a well-diversified portfolio.
Demant AS Valuation on November 21, 2024
It is possible to determine the worth of Demant AS on a given historical date. On November 21, 2024 Demant was worth 257.6 at the beginning of the trading date compared to the closed value of 258.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Demant AS stock. Still, in general, we apply an absolute valuation method to find Demant AS'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 Demant AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Demant AS's related companies.
Open | High | Low | Close | Volume | |
266.60 | 269.40 | 257.00 | 259.60 | 408,395 | |
11/21/2024 | 257.60 | 260.40 | 254.60 | 258.00 | 261,210 |
258.40 | 268.00 | 258.40 | 266.20 | 271,043 |
Backtest Demant AS | | | Demant AS History | | | Demant AS Valuation | Previous | Next |
Demant AS Trading Date Momentum on November 21, 2024
On November 22 2024 Demant AS was traded for 266.20 at the closing time. The highest price during the trading period was 268.00 and the lowest recorded bid was listed for 258.40 . The volume for the day was 271 K. This history from November 22, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 3.18% . The overall trading delta to the current price is 0.16% . |
Demant AS Fundamentals Correlations and Trends
By evaluating Demant AS'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 Demant AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Demant financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Demant AS Stock history
Demant AS 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 Demant is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Demant AS 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 Demant AS stock prices may prove useful in developing a viable investing in Demant AS
Demant AS, a hearing healthcare company, develops, manufactures, and sells products and equipment to enhance peoples hearing in Europe, North America, the Pacific, Asia, and internationally. Demant AS was founded in 1904 and is headquartered in Smrum, Denmark. Demant AS operates under Medical Instruments Supplies classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 14614 people.
Demant AS Stock Technical Analysis
Demant AS 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
Demant AS Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Demant AS cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
Demant AS November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Demant AS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Demant AS shares will generate the highest return on investment. By undertsting and applying Demant AS stock market strength indicators, traders can identify Demant AS entry and exit signals to maximize returns
Demant AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Demant AS's price direction in advance. Along with the technical and fundamental analysis of Demant Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Demant 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 | (0.02) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.33) | |||
Treynor Ratio | (0.27) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for Demant Stock analysis
When running Demant AS's price analysis, check to measure Demant AS'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 Demant AS is operating at the current time. Most of Demant AS's value examination focuses on studying past and present price action to predict the probability of Demant AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Demant AS's price. Additionally, you may evaluate how the addition of Demant AS to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data |