FORTEC Elektronik (Germany) Price on May 24, 2024
| FEV Stock | 18.30 0.10 0.55% |
If you're considering investing in FORTEC Stock, it is important to understand the factors that can impact its price. As of today, the current price of FORTEC Elektronik stands at 18.30, as last reported on the 26th of December, with the highest price reaching 18.30 and the lowest price hitting 18.30 during the day. FORTEC Elektronik secures Sharpe Ratio (or Efficiency) of -0.0316, which denotes the company had a -0.0316% return per unit of volatility over the last 3 months. FORTEC Elektronik AG exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FORTEC Elektronik's Standard Deviation of 1.83, mean deviation of 1.29, and Market Risk Adjusted Performance of 0.388 to check the risk estimate we provide.
FORTEC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
FORTEC |
Sharpe Ratio = -0.0316
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Estimated Market Risk
| 1.87 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average FORTEC Elektronik 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 FORTEC Elektronik by adding FORTEC Elektronik to a well-diversified portfolio.
FORTEC Elektronik Valuation on May 24, 2024
It is possible to determine the worth of FORTEC Elektronik on a given historical date. On May 24, 2024 FORTEC was worth 21.2 at the beginning of the trading date compared to the closed value of 20.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of FORTEC Elektronik stock. Still, in general, we apply an absolute valuation method to find FORTEC Elektronik'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 FORTEC Elektronik where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against FORTEC Elektronik's related companies.
| Open | High | Low | Close | Volume | |
| 20.60 | 21.20 | 20.60 | 21.00 | 1,397 | |
05/24/2024 | 21.20 | 21.20 | 20.00 | 20.40 | 4,372 |
| 20.00 | 20.20 | 20.00 | 20.20 | 4,140 |
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FORTEC Elektronik Trading Date Momentum on May 24, 2024
| On May 27 2024 FORTEC Elektronik AG was traded for 20.20 at the closing time. The highest price during the trading period was 20.20 and the lowest recorded bid was listed for 20.00 . The volume for the day was 4.1 K. This history from May 27, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.98% . The overall trading delta to the current price is 0.98% . |
FORTEC Elektronik Fundamentals Correlations and Trends
By evaluating FORTEC Elektronik'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 FORTEC Elektronik's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. FORTEC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About FORTEC Elektronik Stock history
FORTEC Elektronik 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 FORTEC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in FORTEC Elektronik 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 FORTEC Elektronik stock prices may prove useful in developing a viable investing in FORTEC Elektronik
FORTEC Elektronik Stock Technical Analysis
FORTEC Elektronik 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
FORTEC Elektronik Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
FORTEC Elektronik AG cannot be verified against its exchange. Please verify the symbol is currently traded on XETRA Stock 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.
FORTEC Elektronik December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how FORTEC Elektronik stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FORTEC Elektronik shares will generate the highest return on investment. By undertsting and applying FORTEC Elektronik stock market strength indicators, traders can identify FORTEC Elektronik AG entry and exit signals to maximize returns
FORTEC Elektronik Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for FORTEC Elektronik's price direction in advance. Along with the technical and fundamental analysis of FORTEC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of FORTEC 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 | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.378 |
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Additional Tools for FORTEC Stock Analysis
When running FORTEC Elektronik's price analysis, check to measure FORTEC Elektronik'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 FORTEC Elektronik is operating at the current time. Most of FORTEC Elektronik's value examination focuses on studying past and present price action to predict the probability of FORTEC Elektronik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FORTEC Elektronik's price. Additionally, you may evaluate how the addition of FORTEC Elektronik to your portfolios can decrease your overall portfolio volatility.