Fortnox AB (Sweden) Price on November 28, 2024
| FNOX Stock | 69.82 0.50 0.71% |
If you're considering investing in Fortnox Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortnox AB stands at 69.82, as last reported on the 19th of January, with the highest price reaching 70.26 and the lowest price hitting 69.06 during the day. Fortnox AB appears to be very steady, given 3 months investment horizon. Fortnox AB secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortnox AB, which you can use to evaluate the volatility of the firm. Please utilize Fortnox AB's Coefficient Of Variation of 817.36, mean deviation of 1.7, and Downside Deviation of 1.7 to check if our risk estimates are consistent with your expectations.
Fortnox Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortnox |
Sharpe Ratio = 0.1227
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FNOX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Fortnox AB is performing at about 9% 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 Fortnox AB by adding it to a well-diversified portfolio.
Fortnox AB Valuation on November 28, 2024
It is possible to determine the worth of Fortnox AB on a given historical date. On November 28, 2024 Fortnox was worth 67.6 at the beginning of the trading date compared to the closed value of 67.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortnox AB stock. Still, in general, we apply an absolute valuation method to find Fortnox 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 Fortnox AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortnox AB's related companies.
| Open | High | Low | Close | Volume | |
| 67.50 | 69.08 | 66.56 | 67.82 | 850,881 | |
11/28/2024 | 67.60 | 68.24 | 67.16 | 67.24 | 590,011 |
| 67.02 | 68.58 | 67.02 | 68.10 | 533,940 |
| Backtest Fortnox AB | | | Fortnox AB History | | | Fortnox AB Valuation | Previous | Next |
Fortnox AB Trading Date Momentum on November 28, 2024
| On November 29 2024 Fortnox AB was traded for 68.10 at the closing time. The highest price during the trading period was 68.58 and the lowest recorded bid was listed for 67.02 . The volume for the day was 533.9 K. This history from November 29, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 1.28% . The overall trading delta to the current price is 12.20% . |
Fortnox AB Fundamentals Correlations and Trends
By evaluating Fortnox 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 Fortnox AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortnox financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortnox AB Stock history
Fortnox 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 Fortnox is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortnox 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 Fortnox AB stock prices may prove useful in developing a viable investing in Fortnox AB
Fortnox AB Stock Technical Analysis
Fortnox 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
Fortnox AB Period Price Range
Low | January 19, 2025
| High |
0.00 | 0.00 |
Fortnox 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.
Fortnox AB January 19, 2025 Market Strength
Market strength indicators help investors to evaluate how Fortnox 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 Fortnox AB shares will generate the highest return on investment. By undertsting and applying Fortnox AB stock market strength indicators, traders can identify Fortnox AB entry and exit signals to maximize returns
Fortnox AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortnox AB's price direction in advance. Along with the technical and fundamental analysis of Fortnox Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortnox 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 | 0.1087 | |||
| Jensen Alpha | 0.2856 | |||
| Total Risk Alpha | 0.2233 | |||
| Sortino Ratio | 0.1527 | |||
| Treynor Ratio | (0.83) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Fortnox Stock Analysis
When running Fortnox AB's price analysis, check to measure Fortnox 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 Fortnox AB is operating at the current time. Most of Fortnox AB's value examination focuses on studying past and present price action to predict the probability of Fortnox 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 Fortnox AB's price. Additionally, you may evaluate how the addition of Fortnox AB to your portfolios can decrease your overall portfolio volatility.