NIBE Industrier (Sweden) Price on October 30, 2024
NIBE-B Stock | SEK 48.62 2.87 6.27% |
If you're considering investing in NIBE Stock, it is important to understand the factors that can impact its price. As of today, the current price of NIBE Industrier stands at 48.62, as last reported on the 26th of November, with the highest price reaching 48.69 and the lowest price hitting 46.48 during the day. NIBE Industrier AB retains Efficiency (Sharpe Ratio) of -0.0112, which conveys that the firm had a -0.0112% return per unit of risk over the last 3 months. NIBE Industrier exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NIBE Industrier's Mean Deviation of 1.97, market risk adjusted performance of 0.1591, and Coefficient Of Variation of (3,868) to check out the risk estimate we provide.
NIBE Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NIBE |
Sharpe Ratio = -0.0112
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Estimated Market Risk
2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
-0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NIBE Industrier 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 NIBE Industrier by adding NIBE Industrier to a well-diversified portfolio.
NIBE Industrier Valuation on October 30, 2024
It is possible to determine the worth of NIBE Industrier on a given historical date. On October 30, 2024 NIBE was worth 52.64 at the beginning of the trading date compared to the closed value of 52.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NIBE Industrier stock. Still, in general, we apply an absolute valuation method to find NIBE Industrier'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 NIBE Industrier where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NIBE Industrier's related companies.
Open | High | Low | Close | Volume | |
53.36 | 54.10 | 52.54 | 52.64 | 4,775,261 | |
10/30/2024 | 52.64 | 53.28 | 52.06 | 52.08 | 4,247,634 |
51.60 | 52.20 | 51.14 | 51.44 | 4,190,733 |
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NIBE Industrier Trading Date Momentum on October 30, 2024
On October 31 2024 NIBE Industrier AB was traded for 51.44 at the closing time. The highest price during the trading period was 52.20 and the lowest recorded bid was listed for 51.14 . The volume for the day was 4.2 M. This history from October 31, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.23% . The trading delta at closing time to the current price is 5.01% . |
NIBE Industrier AB Fundamentals Correlations and Trends
By evaluating NIBE Industrier'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 NIBE Industrier's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NIBE financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NIBE Industrier Stock history
NIBE Industrier 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 NIBE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NIBE Industrier 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 NIBE Industrier stock prices may prove useful in developing a viable investing in NIBE Industrier
NIBE Industrier AB , together with its subsidiaries, operates as a heating technology company in Nordic countries, Rest of Europe, North America, Australia, Asia, and internationally. NIBE Industrier AB is headquartered in Markaryd, Sweden. NIBE Industrier operates under Electrical Equipment classification in Sweden and is traded on Stockholm Stock Exchange. It employs 16900 people.
NIBE Industrier Stock Technical Analysis
NIBE Industrier 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
NIBE Industrier Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
NIBE Industrier 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.
NIBE Industrier November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how NIBE Industrier stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NIBE Industrier shares will generate the highest return on investment. By undertsting and applying NIBE Industrier stock market strength indicators, traders can identify NIBE Industrier AB entry and exit signals to maximize returns
NIBE Industrier Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NIBE Industrier's price direction in advance. Along with the technical and fundamental analysis of NIBE Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NIBE 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 | (0.01) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.50) | |||
Treynor Ratio | 0.1491 |
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Complementary Tools for NIBE Stock analysis
When running NIBE Industrier's price analysis, check to measure NIBE Industrier'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 NIBE Industrier is operating at the current time. Most of NIBE Industrier's value examination focuses on studying past and present price action to predict the probability of NIBE Industrier's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NIBE Industrier's price. Additionally, you may evaluate how the addition of NIBE Industrier to your portfolios can decrease your overall portfolio volatility.
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