Nexam Chemical (Sweden) Price on October 9, 2024

NEXAM Stock  SEK 4.19  0.11  2.70%   
If you're considering investing in Nexam Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nexam Chemical stands at 4.19, as last reported on the 24th of November, with the highest price reaching 4.27 and the lowest price hitting 3.78 during the day. Nexam Chemical Holding has Sharpe Ratio of -0.0743, which conveys that the firm had a -0.0743% return per unit of risk over the last 3 months. Nexam Chemical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nexam Chemical's Mean Deviation of 2.26, risk adjusted performance of (0.05), and Standard Deviation of 3.18 to check out the risk estimate we provide.
  
Nexam Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0743

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Estimated Market Risk

 3.18
  actual daily
28
72% of assets are more volatile

Expected Return

 -0.24
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nexam Chemical 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 Nexam Chemical by adding Nexam Chemical to a well-diversified portfolio.

Nexam Chemical Valuation on October 9, 2024

It is possible to determine the worth of Nexam Chemical on a given historical date. On October 9, 2024 Nexam was worth 3.85 at the beginning of the trading date compared to the closed value of 3.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nexam Chemical stock. Still, in general, we apply an absolute valuation method to find Nexam Chemical'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 Nexam Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nexam Chemical's related companies.
 Open High Low Close Volume
  4.00    4.19    3.85    3.85    45,284  
10/09/2024
  3.85    4.20    3.85    3.95    26,046  
  3.86    4.20    3.70    3.90    383,278  
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Open Value
3.85
3.95
Closing Value
13.38
Upside

Nexam Chemical Trading Date Momentum on October 9, 2024

On October 10 2024 Nexam Chemical Holding was traded for  3.90  at the closing time. The highest price during the trading period was 4.20  and the lowest recorded bid was listed for  3.70 . The volume for the day was 383.3 K. This history from October 10, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.27% . The trading delta at closing time to the current price is 2.53% .

Nexam Chemical Holding Fundamentals Correlations and Trends

By evaluating Nexam Chemical'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 Nexam Chemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nexam financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Nexam Chemical Stock history

Nexam Chemical 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 Nexam is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nexam Chemical Holding 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 Nexam Chemical stock prices may prove useful in developing a viable investing in Nexam Chemical
Nexam Chemical Holding AB develops solutions that enhance properties and performance of various types of polymers. The company was founded in 2009 and is headquartered in Lund, Sweden. Nexam Chemical operates under Rubber And Plastics classification in Sweden and is traded on Stockholm Stock Exchange. It employs 41 people.

Nexam Chemical Stock Technical Analysis

Nexam Chemical 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.
A focus of Nexam Chemical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nexam Chemical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nexam Chemical Period Price Range

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November 24, 2024
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Nexam Chemical Holding 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.

Nexam Chemical November 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Nexam Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nexam Chemical shares will generate the highest return on investment. By undertsting and applying Nexam Chemical stock market strength indicators, traders can identify Nexam Chemical Holding entry and exit signals to maximize returns

Nexam Chemical Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Nexam Chemical's price direction in advance. Along with the technical and fundamental analysis of Nexam Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nexam 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.

Additional Tools for Nexam Stock Analysis

When running Nexam Chemical's price analysis, check to measure Nexam Chemical'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 Nexam Chemical is operating at the current time. Most of Nexam Chemical's value examination focuses on studying past and present price action to predict the probability of Nexam Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexam Chemical's price. Additionally, you may evaluate how the addition of Nexam Chemical to your portfolios can decrease your overall portfolio volatility.