Nanexa AB (Sweden) Price on October 4, 2024
| NANEXA Stock | 1.56 0.05 3.31% |
If you're considering investing in Nanexa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nanexa AB stands at 1.56, as last reported on the 27th of November, with the highest price reaching 1.65 and the lowest price hitting 1.50 during the day. At this point, Nanexa AB is dangerous. Nanexa AB has Sharpe Ratio of 0.0319, which conveys that the firm had a 0.0319% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nanexa AB, which you can use to evaluate the volatility of the firm. Please verify Nanexa AB's Downside Deviation of 4.04, risk adjusted performance of 0.0183, and Mean Deviation of 3.45 to check out if the risk estimate we provide is consistent with the expected return of 0.16%.
Nanexa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nanexa |
Sharpe Ratio = 0.0319
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NANEXA | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.08 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Nanexa AB is performing at about 2% 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 Nanexa AB by adding it to a well-diversified portfolio.
Nanexa AB Valuation on October 4, 2024
It is possible to determine the worth of Nanexa AB on a given historical date. On October 4, 2024 Nanexa was worth 1.67 at the beginning of the trading date compared to the closed value of 1.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nanexa AB stock. Still, in general, we apply an absolute valuation method to find Nanexa 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 Nanexa AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nanexa AB's related companies.
| Open | High | Low | Close | Volume | |
| 1.70 | 1.70 | 1.65 | 1.69 | 174,353 | |
10/04/2024 | 1.67 | 1.70 | 1.65 | 1.68 | 79,834 |
| 1.68 | 1.71 | 1.56 | 1.59 | 495,167 |
| Backtest Nanexa AB | | | Nanexa AB History | | | Nanexa AB Valuation | Previous | Next |
Nanexa AB Trading Date Momentum on October 4, 2024
| On October 07 2024 Nanexa AB was traded for 1.59 at the closing time. The highest price during the trading period was 1.71 and the lowest recorded bid was listed for 1.56 . The volume for the day was 495.2 K. This history from October 7, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 5.36% . The trading delta at closing time to the current price is 14.29% . |
Nanexa AB Fundamentals Correlations and Trends
By evaluating Nanexa 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 Nanexa AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nanexa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nanexa AB Stock history
Nanexa 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 Nanexa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nanexa 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 Nanexa AB stock prices may prove useful in developing a viable investing in Nanexa AB
Nanexa AB Stock Technical Analysis
Nanexa 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
Nanexa AB Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Nanexa 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.
Nanexa AB November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Nanexa 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 Nanexa AB shares will generate the highest return on investment. By undertsting and applying Nanexa AB stock market strength indicators, traders can identify Nanexa AB entry and exit signals to maximize returns
Nanexa AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nanexa AB's price direction in advance. Along with the technical and fundamental analysis of Nanexa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nanexa 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 | 0.0183 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1439 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Nanexa Stock analysis
When running Nanexa AB's price analysis, check to measure Nanexa 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 Nanexa AB is operating at the current time. Most of Nanexa AB's value examination focuses on studying past and present price action to predict the probability of Nanexa 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 Nanexa AB's price. Additionally, you may evaluate how the addition of Nanexa AB to your portfolios can decrease your overall portfolio volatility.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |