Footway Group (Sweden) Price on November 28, 2024
| FOOT-B Stock | SEK 0.35 0.03 7.89% |
If you're considering investing in Footway Stock, it is important to understand the factors that can impact its price. As of today, the current price of Footway Group stands at 0.35, as last reported on the 30th of November, with the highest price reaching 0.38 and the lowest price hitting 0.34 during the day. Footway Group appears to be out of control, given 3 months investment horizon. Footway Group AB secures Sharpe Ratio (or Efficiency) of 0.0702, which denotes the company had a 0.0702% return per unit of risk over the last 3 months. By reviewing Footway Group's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Footway Group's Mean Deviation of 5.27, coefficient of variation of 1548.73, and Downside Deviation of 6.9 to check if our risk estimates are consistent with your expectations.
Footway Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Footway |
Sharpe Ratio = 0.0702
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Estimated Market Risk
| 9.12 actual daily | 81 81% of assets are less volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Footway Group is performing at about 5% 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 Footway Group by adding it to a well-diversified portfolio.
Footway Group Valuation on November 28, 2024
It is possible to determine the worth of Footway Group on a given historical date. On November 28, 2024 Footway was worth 0.4 at the beginning of the trading date compared to the closed value of 0.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Footway Group stock. Still, in general, we apply an absolute valuation method to find Footway Group'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 Footway Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Footway Group's related companies.
| Open | High | Low | Close | Volume | |
| 0.40 | 0.50 | 0.38 | 0.40 | 86,992 | |
11/28/2024 | 0.40 | 0.40 | 0.38 | 0.38 | 41,454 |
| 0.38 | 0.38 | 0.34 | 0.35 | 18,688 |
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Footway Group Trading Date Momentum on November 28, 2024
| On November 29 2024 Footway Group AB was traded for 0.35 at the closing time. The highest price during the trading period was 0.38 and the lowest recorded bid was listed for 0.34 . The volume for the day was 18.7 K. This history from November 29, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 7.89% . The overall trading delta to the current price is 0.00% . |
Footway Group AB Fundamentals Correlations and Trends
By evaluating Footway Group'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 Footway Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Footway financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Footway Group Stock history
Footway Group 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 Footway is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Footway Group 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 Footway Group stock prices may prove useful in developing a viable investing in Footway Group
Footway Group Stock Technical Analysis
Footway Group 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
Footway Group Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Footway Group 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.
Footway Group November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Footway Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Footway Group shares will generate the highest return on investment. By undertsting and applying Footway Group stock market strength indicators, traders can identify Footway Group AB entry and exit signals to maximize returns
Footway Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Footway Group's price direction in advance. Along with the technical and fundamental analysis of Footway Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Footway 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 | 0.0585 | |||
| Jensen Alpha | 0.8631 | |||
| Total Risk Alpha | (0.94) | |||
| Sortino Ratio | 0.0656 | |||
| Treynor Ratio | (0.26) |
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Complementary Tools for Footway Stock analysis
When running Footway Group's price analysis, check to measure Footway Group'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 Footway Group is operating at the current time. Most of Footway Group's value examination focuses on studying past and present price action to predict the probability of Footway Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Footway Group's price. Additionally, you may evaluate how the addition of Footway Group to your portfolios can decrease your overall portfolio volatility.
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