Essity AB (Sweden) Price on September 24, 2024
| ESSITY-A | SEK 303.00 4.50 1.51% |
If you're considering investing in Essity Stock, it is important to understand the factors that can impact its price. As of today, the current price of Essity AB stands at 303.00, as last reported on the 24th of November, with the highest price reaching 303.00 and the lowest price hitting 298.00 during the day. At this point, Essity AB is very steady. Essity AB secures Sharpe Ratio (or Efficiency) of 0.0077, which denotes the company had a 0.0077% return per unit of risk over the last 3 months. We have found thirty technical indicators for Essity AB, which you can use to evaluate the volatility of the firm. Please confirm Essity AB's Coefficient Of Variation of 2433.07, mean deviation of 0.857, and Downside Deviation of 1.34 to check if the risk estimate we provide is consistent with the expected return of 0.0085%.
Essity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Essity |
Sharpe Ratio = 0.0077
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| Negative Returns | ESSITY-A |
Estimated Market Risk
| 1.1 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Essity 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 Essity AB by adding Essity AB to a well-diversified portfolio.
Essity AB Valuation on September 24, 2024
It is possible to determine the worth of Essity AB on a given historical date. On September 24, 2024 Essity was worth 313.5 at the beginning of the trading date compared to the closed value of 314.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Essity AB stock. Still, in general, we apply an absolute valuation method to find Essity 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 Essity AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Essity AB's related companies.
| Open | High | Low | Close | Volume | |
| 314.50 | 317.00 | 311.00 | 312.00 | 3,258 | |
09/24/2024 | 313.50 | 315.00 | 311.00 | 314.00 | 1,639 |
| 315.50 | 316.00 | 313.50 | 315.50 | 2,911 |
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Essity AB Trading Date Momentum on September 24, 2024
| On September 25 2024 Essity AB was traded for 315.50 at the closing time. The highest price during the trading period was 316.00 and the lowest recorded bid was listed for 313.50 . The volume for the day was 2.9 K. This history from September 25, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.48% . The overall trading delta to the current price is 1.75% . |
Essity AB Fundamentals Correlations and Trends
By evaluating Essity 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 Essity AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Essity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Essity AB Stock history
Essity 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 Essity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Essity 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 Essity AB stock prices may prove useful in developing a viable investing in Essity AB
Essity AB develops, produces, and sells personal care, consumer tissue, and professional hygiene products and solutions worldwide. Essity AB was founded in 1849 and is headquartered in Stockholm, Sweden. Essity AB operates under Household Personal Products classification in Sweden and is traded on Stockholm Stock Exchange. It employs 47000 people.
Essity AB Stock Technical Analysis
Essity 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
Essity AB Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Essity 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.
Essity AB November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Essity 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 Essity AB shares will generate the highest return on investment. By undertsting and applying Essity AB stock market strength indicators, traders can identify Essity AB entry and exit signals to maximize returns
Essity AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Essity AB's price direction in advance. Along with the technical and fundamental analysis of Essity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Essity 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 | 0.0348 | |||
| Jensen Alpha | 0.044 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.64) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Essity Stock analysis
When running Essity AB's price analysis, check to measure Essity 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 Essity AB is operating at the current time. Most of Essity AB's value examination focuses on studying past and present price action to predict the probability of Essity 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 Essity AB's price. Additionally, you may evaluate how the addition of Essity AB to your portfolios can decrease your overall portfolio volatility.
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