Enea AB (Sweden) Price on May 3, 2024
| ENEA Stock | SEK 98.30 0.40 0.41% |
If you're considering investing in Enea Stock, it is important to understand the factors that can impact its price. As of today, the current price of Enea AB stands at 98.30, as last reported on the 27th of November, with the highest price reaching 99.10 and the lowest price hitting 97.80 during the day. Currently, Enea AB is very steady. Enea AB secures Sharpe Ratio (or Efficiency) of 0.0867, which denotes the company had a 0.0867% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Enea AB, which you can use to evaluate the volatility of the firm. Please confirm Enea AB's Mean Deviation of 1.59, coefficient of variation of 1300.75, and Downside Deviation of 1.91 to check if the risk estimate we provide is consistent with the expected return of 0.18%.
Enea Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Enea |
Sharpe Ratio = 0.0867
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Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Enea AB is performing at about 6% 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 Enea AB by adding it to a well-diversified portfolio.
Enea AB Valuation on May 3, 2024
It is possible to determine the worth of Enea AB on a given historical date. On May 3, 2024 Enea was worth 63.1 at the beginning of the trading date compared to the closed value of 64.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Enea AB stock. Still, in general, we apply an absolute valuation method to find Enea 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 Enea AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Enea AB's related companies.
| Open | High | Low | Close | Volume | |
| 60.20 | 63.30 | 58.80 | 63.10 | 68,502 | |
05/03/2024 | 63.10 | 65.00 | 62.30 | 64.80 | 70,200 |
| 64.80 | 66.60 | 64.30 | 66.60 | 55,700 |
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Enea AB Trading Date Momentum on May 3, 2024
| On May 06 2024 Enea AB was traded for 66.60 at the closing time. The highest price during the trading period was 66.60 and the lowest recorded bid was listed for 64.30 . The volume for the day was 55.7 K. This history from May 6, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 2.78% . The overall trading delta to the current price is 2.47% . |
Enea AB Fundamentals Correlations and Trends
By evaluating Enea 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 Enea AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Enea financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Enea AB Stock history
Enea 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 Enea is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Enea 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 Enea AB stock prices may prove useful in developing a viable investing in Enea AB
Enea AB provides software and services for communication-intensive applications to telecom, medical, aerospace, and automotive industries worldwide. The company was founded in 1968 and is headquartered in Kista, Sweden. Enea AB operates under Software - Application classification in Sweden and is traded on Stockholm Stock Exchange. It employs 642 people.
Enea AB Stock Technical Analysis
Enea 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
Enea AB Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Enea 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.
Enea AB November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Enea 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 Enea AB shares will generate the highest return on investment. By undertsting and applying Enea AB stock market strength indicators, traders can identify Enea AB entry and exit signals to maximize returns
Enea AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Enea AB's price direction in advance. Along with the technical and fundamental analysis of Enea Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Enea 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 | 0.065 | |||
| Jensen Alpha | 0.0689 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0136 | |||
| Treynor Ratio | 0.2266 |
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Additional Tools for Enea Stock Analysis
When running Enea AB's price analysis, check to measure Enea 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 Enea AB is operating at the current time. Most of Enea AB's value examination focuses on studying past and present price action to predict the probability of Enea 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 Enea AB's price. Additionally, you may evaluate how the addition of Enea AB to your portfolios can decrease your overall portfolio volatility.