Evonik Industries Ag Stock Price on June 9, 2023
If you're considering investing in Evonik Pink Sheet, it is important to understand the factors that can impact its price. Evonik Industries secures Sharpe Ratio (or Efficiency) of -0.0757, which denotes the company had a -0.0757% return per unit of risk over the last 3 months. Evonik Industries AG exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evonik Industries' Variance of 5.18, mean deviation of 0.9011, and Standard Deviation of 2.28 to check the risk estimate we provide.
Evonik Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Evonik |
Sharpe Ratio = -0.0757
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Estimated Market Risk
2.28 actual daily | 20 80% of assets are more volatile |
Expected Return
-0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Evonik Industries 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 Evonik Industries by adding Evonik Industries to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Evonik Industries Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Evonik Industries AG cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Evonik Industries December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Evonik Industries pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evonik Industries shares will generate the highest return on investment. By undertsting and applying Evonik Industries pink sheet market strength indicators, traders can identify Evonik Industries AG entry and exit signals to maximize returns
Evonik Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Evonik Industries' price direction in advance. Along with the technical and fundamental analysis of Evonik Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Evonik 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 | (0.05) | |||
Jensen Alpha | (0.10) | |||
Total Risk Alpha | (0.54) | |||
Treynor Ratio | 0.262 |
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Complementary Tools for Evonik Pink Sheet analysis
When running Evonik Industries' price analysis, check to measure Evonik Industries' 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 Evonik Industries is operating at the current time. Most of Evonik Industries' value examination focuses on studying past and present price action to predict the probability of Evonik Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evonik Industries' price. Additionally, you may evaluate how the addition of Evonik Industries to your portfolios can decrease your overall portfolio volatility.
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