Fondia Oyj (Finland) Price on September 19, 2024
FONDIA Stock | EUR 5.00 0.75 13.04% |
If you're considering investing in Fondia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fondia Oyj stands at 5.00, as last reported on the 2nd of December, with the highest price reaching 5.20 and the lowest price hitting 5.00 during the day. Fondia Oyj secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of risk over the last 3 months. Fondia Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fondia Oyj's Standard Deviation of 2.27, variance of 5.15, and Mean Deviation of 1.51 to check the risk estimate we provide.
Fondia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fondia |
Sharpe Ratio = -0.1526
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Estimated Market Risk
2.24 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fondia Oyj 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 Fondia Oyj by adding Fondia Oyj to a well-diversified portfolio.
Fondia Oyj Valuation on September 19, 2024
It is possible to determine the worth of Fondia Oyj on a given historical date. On September 19, 2024 Fondia was worth 6.45 at the beginning of the trading date compared to the closed value of 6.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fondia Oyj stock. Still, in general, we apply an absolute valuation method to find Fondia Oyj'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 Fondia Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fondia Oyj's related companies.
Open | High | Low | Close | Volume | |
6.50 | 6.55 | 6.26 | 6.50 | 3,675 | |
09/19/2024 | 6.45 | 6.60 | 6.40 | 6.60 | 1,687 |
6.35 | 6.40 | 6.35 | 6.40 | 525.00 |
Backtest Fondia Oyj | | | Fondia Oyj History | | | Fondia Oyj Valuation | Previous | Next |
Fondia Oyj Trading Date Momentum on September 19, 2024
On September 20 2024 Fondia Oyj was traded for 6.40 at the closing time. The highest price during the trading period was 6.40 and the lowest recorded bid was listed for 6.35 . The volume for the day was 525. This history from September 20, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 3.03% . The overall trading delta to the current price is 3.79% . |
Fondia Oyj Fundamentals Correlations and Trends
By evaluating Fondia Oyj'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 Fondia Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fondia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fondia Oyj Stock history
Fondia Oyj 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 Fondia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fondia Oyj 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 Fondia Oyj stock prices may prove useful in developing a viable investing in Fondia Oyj
Fondia Oyj provides legal services primarily in Finland, Sweden, Estonia, and Lithuania. Fondia Oyj was founded in 2004 and is based in Helsinki, Finland. Fondia Oyj is traded on Helsinki Exchange in Finland.
Fondia Oyj Stock Technical Analysis
Fondia Oyj 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
Fondia Oyj Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Fondia Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki 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.
Fondia Oyj December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Fondia Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fondia Oyj shares will generate the highest return on investment. By undertsting and applying Fondia Oyj stock market strength indicators, traders can identify Fondia Oyj entry and exit signals to maximize returns
Fondia Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fondia Oyj's price direction in advance. Along with the technical and fundamental analysis of Fondia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fondia 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 | (0.10) | |||
Jensen Alpha | (0.29) | |||
Total Risk Alpha | (0.71) | |||
Treynor Ratio | 0.9744 |
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Volume Indicators |
Complementary Tools for Fondia Stock analysis
When running Fondia Oyj's price analysis, check to measure Fondia Oyj'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 Fondia Oyj is operating at the current time. Most of Fondia Oyj's value examination focuses on studying past and present price action to predict the probability of Fondia Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fondia Oyj's price. Additionally, you may evaluate how the addition of Fondia Oyj to your portfolios can decrease your overall portfolio volatility.
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