Forbo Holding (Switzerland) Price on September 17, 2024
| FORN Stock | CHF 816.00 24.00 3.03% |
If you're considering investing in Forbo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Forbo Holding stands at 816.00, as last reported on the 11th of December 2024, with the highest price reaching 816.00 and the lowest price hitting 792.00 during the day. Forbo Holding AG secures Sharpe Ratio (or Efficiency) of -0.076, which denotes the company had a -0.076% return per unit of risk over the last 3 months. Forbo Holding AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forbo Holding's Mean Deviation of 1.09, standard deviation of 1.44, and Variance of 2.07 to check the risk estimate we provide.
Forbo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Forbo |
Sharpe Ratio = -0.076
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Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.11 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 Forbo Holding 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 Forbo Holding by adding Forbo Holding to a well-diversified portfolio.
Forbo Holding Valuation on September 17, 2024
It is possible to determine the worth of Forbo Holding on a given historical date. On September 17, 2024 Forbo was worth 836.0 at the beginning of the trading date compared to the closed value of 847.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Forbo Holding stock. Still, in general, we apply an absolute valuation method to find Forbo Holding'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 Forbo Holding where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Forbo Holding's related companies.
| Open | High | Low | Close | Volume | |
| 856.00 | 856.00 | 826.00 | 838.00 | 2,653 | |
09/17/2024 | 836.00 | 847.00 | 833.00 | 847.00 | 4,348 |
| 842.00 | 842.00 | 818.00 | 822.00 | 2,459 |
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Forbo Holding Trading Date Momentum on September 17, 2024
| On September 18 2024 Forbo Holding AG was traded for 822.00 at the closing time. The highest price during the trading period was 842.00 and the lowest recorded bid was listed for 818.00 . The volume for the day was 2.5 K. This history from September 18, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.95% . The overall trading delta to the current price is 2.13% . |
Forbo Holding AG Fundamentals Correlations and Trends
By evaluating Forbo Holding'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 Forbo Holding's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Forbo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Forbo Holding Stock history
Forbo Holding 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 Forbo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Forbo Holding AG 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 Forbo Holding stock prices may prove useful in developing a viable investing in Forbo Holding
Forbo Holding AG produces and sells floor coverings, building and construction adhesives, and power transmission and conveyor belt solutions in Switzerland and internationally. The company was founded in 1928 and is headquartered in Baar, Switzerland. FORBO N operates under Building Products Equipment classification in Switzerland and is traded on Switzerland Exchange. It employs 5519 people.
Forbo Holding Stock Technical Analysis
Forbo Holding 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
Forbo Holding Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Forbo Holding AG cannot be verified against its exchange. Please verify the symbol is currently traded on SIX Swiss 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.
Forbo Holding December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Forbo Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Forbo Holding shares will generate the highest return on investment. By undertsting and applying Forbo Holding stock market strength indicators, traders can identify Forbo Holding AG entry and exit signals to maximize returns
Forbo Holding Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Forbo Holding's price direction in advance. Along with the technical and fundamental analysis of Forbo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Forbo 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 | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.28) |
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Additional Tools for Forbo Stock Analysis
When running Forbo Holding's price analysis, check to measure Forbo Holding'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 Forbo Holding is operating at the current time. Most of Forbo Holding's value examination focuses on studying past and present price action to predict the probability of Forbo Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forbo Holding's price. Additionally, you may evaluate how the addition of Forbo Holding to your portfolios can decrease your overall portfolio volatility.