Elekta AB (Sweden) Price on November 22, 2024
| EKTA-B Stock | SEK 64.35 0.40 0.62% |
If you're considering investing in Elekta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elekta AB stands at 64.35, as last reported on the 11th of December 2024, with the highest price reaching 64.80 and the lowest price hitting 63.55 during the day. At this point, Elekta AB is very steady. Elekta AB secures Sharpe Ratio (or Efficiency) of 0.004, which denotes the company had a 0.004% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Elekta AB, which you can use to evaluate the volatility of the firm. Please confirm Elekta AB's Mean Deviation of 1.48, coefficient of variation of 3988.26, and Downside Deviation of 1.88 to check if the risk estimate we provide is consistent with the expected return of 0.0075%.
Elekta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elekta |
Sharpe Ratio = 0.004
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Estimated Market Risk
| 1.86 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elekta AB 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 Elekta AB by adding Elekta AB to a well-diversified portfolio.
Elekta AB Valuation on November 22, 2024
It is possible to determine the worth of Elekta AB on a given historical date. On November 22, 2024 Elekta was worth 61.8 at the beginning of the trading date compared to the closed value of 63.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elekta AB stock. Still, in general, we apply an absolute valuation method to find Elekta AB'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 Elekta AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elekta AB's related companies.
| Open | High | Low | Close | Volume | |
| 62.00 | 62.20 | 61.30 | 61.80 | 474,007 | |
11/22/2024 | 61.80 | 63.85 | 61.55 | 63.10 | 568,615 |
| 63.35 | 64.60 | 63.35 | 64.30 | 894,827 |
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Elekta AB Trading Date Momentum on November 22, 2024
| On November 25 2024 Elekta AB was traded for 64.30 at the closing time. The highest price during the trading period was 64.60 and the lowest recorded bid was listed for 63.35 . The volume for the day was 894.8 K. This history from November 25, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.90% . The overall trading delta to the current price is 0.55% . |
Elekta AB Fundamentals Correlations and Trends
By evaluating Elekta AB'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 Elekta AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elekta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elekta AB Stock history
Elekta AB 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 Elekta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elekta 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 Elekta AB stock prices may prove useful in developing a viable investing in Elekta AB
Elekta AB provides equipment and software for cancer and brain disorders worldwide. The company was founded in 1972 and is headquartered in Stockholm, Sweden. Elekta AB operates under Medical Instruments Supplies classification in Sweden and is traded on Stockholm Stock Exchange. It employs 3897 people.
Elekta AB Stock Technical Analysis
Elekta AB 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
Elekta AB Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Elekta 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.
Elekta AB December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Elekta AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elekta AB shares will generate the highest return on investment. By undertsting and applying Elekta AB stock market strength indicators, traders can identify Elekta AB entry and exit signals to maximize returns
Elekta AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elekta AB's price direction in advance. Along with the technical and fundamental analysis of Elekta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elekta 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 | 0.0242 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0531 |
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Complementary Tools for Elekta Stock analysis
When running Elekta AB's price analysis, check to measure Elekta AB'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 Elekta AB is operating at the current time. Most of Elekta AB's value examination focuses on studying past and present price action to predict the probability of Elekta AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elekta AB's price. Additionally, you may evaluate how the addition of Elekta AB to your portfolios can decrease your overall portfolio volatility.
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