Erria AS (Denmark) Price on December 2, 2024
ERRIA Stock | DKK 3.06 0.14 4.38% |
If you're considering investing in Erria Stock, it is important to understand the factors that can impact its price. As of today, the current price of Erria AS stands at 3.06, as last reported on the 3rd of December, with the highest price reaching 3.06 and the lowest price hitting 3.06 during the day. Erria AS secures Sharpe Ratio (or Efficiency) of -0.0183, which denotes the company had a -0.0183% return per unit of risk over the last 3 months. Erria AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Erria AS's Mean Deviation of 2.16, variance of 9.92, and Standard Deviation of 3.15 to check the risk estimate we provide.
Erria Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Erria |
Sharpe Ratio = -0.0183
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Estimated Market Risk
3.16 actual daily | 28 72% of assets are more volatile |
Expected Return
-0.06 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 Erria 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 Erria AS by adding Erria AS to a well-diversified portfolio.
Erria AS Valuation on December 2, 2024
It is possible to determine the worth of Erria AS on a given historical date. On December 2, 2024 Erria was worth 3.06 at the beginning of the trading date compared to the closed value of 3.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Erria AS stock. Still, in general, we apply an absolute valuation method to find Erria 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 Erria AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Erria AS's related companies.
Open | High | Low | Close | Volume | |
3.24 | 3.24 | 3.20 | 3.20 | 12,336 | |
12/02/2024 | 3.06 | 3.06 | 3.06 | 3.06 | 100.00 |
3.06 | 3.06 | 3.06 | 3.06 | 0.00 |
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Erria AS Trading Date Momentum on December 2, 2024
On December 03 2024 Erria AS was traded for 3.06 at the closing time. The highest price during the trading period was 3.06 and the lowest recorded bid was listed for 3.06 . There was no trading activity during the period 0.0. Lack of trading volume on December 3, 2024 did not affect price variability. The overall trading delta to the current price is 0.00% . |
Erria AS Fundamentals Correlations and Trends
By evaluating Erria 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 Erria AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Erria financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Erria AS Stock history
Erria 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 Erria is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Erria 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 Erria AS stock prices may prove useful in developing a viable investing in Erria AS
Erria AS engages in shipping and shipping related activities worldwide. Erria AS was founded in 1991 and is headquartered in Kge, Denmark. Erria AS operates under Shipping Ports classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 168 people.
Erria AS Stock Technical Analysis
Erria 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
Erria AS Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Erria 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.
Erria AS December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Erria 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 Erria AS shares will generate the highest return on investment. By undertsting and applying Erria AS stock market strength indicators, traders can identify Erria AS entry and exit signals to maximize returns
Erria AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Erria AS's price direction in advance. Along with the technical and fundamental analysis of Erria Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Erria 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 | 0.003 | |||
Jensen Alpha | 0.0708 | |||
Total Risk Alpha | (0.50) | |||
Treynor Ratio | 0.0331 |
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Volume Indicators |
Complementary Tools for Erria Stock analysis
When running Erria AS's price analysis, check to measure Erria 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 Erria AS is operating at the current time. Most of Erria AS's value examination focuses on studying past and present price action to predict the probability of Erria 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 Erria AS's price. Additionally, you may evaluate how the addition of Erria AS to your portfolios can decrease your overall portfolio volatility.
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