Elanders (Sweden) Price on August 29, 2024
ELAN-B Stock | SEK 89.90 0.50 0.56% |
If you're considering investing in Elanders Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elanders stands at 89.90, as last reported on the 26th of November, with the highest price reaching 91.40 and the lowest price hitting 89.00 during the day. Elanders AB secures Sharpe Ratio (or Efficiency) of -0.0224, which denotes the company had a -0.0224% return per unit of standard deviation over the last 3 months. Elanders AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elanders' Mean Deviation of 1.28, standard deviation of 1.97, and Coefficient Of Variation of (3,988) to check the risk estimate we provide.
Elanders Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elanders |
Sharpe Ratio = -0.0224
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Estimated Market Risk
1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elanders 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 Elanders by adding Elanders to a well-diversified portfolio.
Elanders Valuation on August 29, 2024
It is possible to determine the worth of Elanders on a given historical date. On August 29, 2024 Elanders was worth 93.6 at the beginning of the trading date compared to the closed value of 96.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elanders stock. Still, in general, we apply an absolute valuation method to find Elanders' 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 Elanders where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elanders' related companies.
Open | High | Low | Close | Volume | |
94.30 | 94.40 | 92.40 | 93.60 | 2,963 | |
08/29/2024 | 93.60 | 97.80 | 93.00 | 96.90 | 13,994 |
97.10 | 98.10 | 95.70 | 96.00 | 4,651 |
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Elanders Trading Date Momentum on August 29, 2024
On August 30 2024 Elanders AB was traded for 96.00 at the closing time. The highest price during the trading period was 98.10 and the lowest recorded bid was listed for 95.70 . The volume for the day was 4.7 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 0.93% . The overall trading delta to the current price is 5.06% . |
Elanders AB Fundamentals Correlations and Trends
By evaluating Elanders' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elanders' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elanders financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elanders Stock history
Elanders 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 Elanders is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elanders 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 Elanders stock prices may prove useful in developing a viable investing in Elanders
Elanders AB , through its subsidiaries, provides supply chain management, print and packaging, and e-commerce solutions. The company was founded in 1908 and is headquartered in Mlndal, Sweden. Elanders operates under Publishing And Printing classification in Sweden and is traded on Stockholm Stock Exchange. It employs 6764 people.
Elanders Stock Technical Analysis
Elanders 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
Elanders Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Elanders 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.
Elanders November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Elanders stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elanders shares will generate the highest return on investment. By undertsting and applying Elanders stock market strength indicators, traders can identify Elanders AB entry and exit signals to maximize returns
Elanders Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elanders' price direction in advance. Along with the technical and fundamental analysis of Elanders Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elanders 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 | (0.01) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.37) | |||
Treynor Ratio | (0.13) |
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Volume Indicators |
Complementary Tools for Elanders Stock analysis
When running Elanders' price analysis, check to measure Elanders' 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 Elanders is operating at the current time. Most of Elanders' value examination focuses on studying past and present price action to predict the probability of Elanders' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elanders' price. Additionally, you may evaluate how the addition of Elanders to your portfolios can decrease your overall portfolio volatility.
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