NEXANS (Germany) Price on September 23, 2024
| NXS Stock | EUR 103.80 0.60 0.57% |
If you're considering investing in NEXANS Stock, it is important to understand the factors that can impact its price. As of today, the current price of NEXANS stands at 103.80, as last reported on the 21st of December, with the highest price reaching 103.80 and the lowest price hitting 103.80 during the day. NEXANS has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of standard deviation over the last 3 months. NEXANS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEXANS's Market Risk Adjusted Performance of (1.87), mean deviation of 1.51, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide.
NEXANS Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NEXANS |
Sharpe Ratio = -0.1649
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| Negative Returns | NXS |
Estimated Market Risk
| 2.1 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NEXANS 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 NEXANS by adding NEXANS to a well-diversified portfolio.
NEXANS Valuation on September 23, 2024
It is possible to determine the worth of NEXANS on a given historical date. On September 23, 2024 NEXANS was worth 132.0 at the beginning of the trading date compared to the closed value of 132.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NEXANS stock. Still, in general, we apply an absolute valuation method to find NEXANS'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 NEXANS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NEXANS's related companies.
| Open | High | Low | Close | Volume | |
| 132.30 | 132.30 | 132.30 | 132.30 | 25.00 | |
09/23/2024 | 132.00 | 132.00 | 132.00 | 132.00 | 25.00 |
| 131.70 | 131.70 | 131.70 | 131.70 | 25.00 |
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NEXANS Trading Date Momentum on September 23, 2024
| On September 24 2024 NEXANS was traded for 131.70 at the closing time. The maximum traded price for the trading interval was 131.70 and the lowest daily price was 131.70 . The daily volume was recorded at 25.0. The volume of trading on 24th of September 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.23% . The trading delta at closing time to the closing price today is 0.45% . |
NEXANS Fundamentals Correlations and Trends
By evaluating NEXANS'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 NEXANS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NEXANS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NEXANS Stock history
NEXANS 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 NEXANS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NEXANS 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 NEXANS stock prices may prove useful in developing a viable investing in NEXANS
NEXANS Stock Technical Analysis
NEXANS 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
NEXANS Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
NEXANS cannot be verified against its exchange. Please verify the symbol is currently traded on Munich 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.
NEXANS December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how NEXANS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NEXANS shares will generate the highest return on investment. By undertsting and applying NEXANS stock market strength indicators, traders can identify NEXANS entry and exit signals to maximize returns
NEXANS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NEXANS's price direction in advance. Along with the technical and fundamental analysis of NEXANS Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NEXANS 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 | (0.11) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (1.88) |
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Additional Tools for NEXANS Stock Analysis
When running NEXANS's price analysis, check to measure NEXANS'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 NEXANS is operating at the current time. Most of NEXANS's value examination focuses on studying past and present price action to predict the probability of NEXANS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXANS's price. Additionally, you may evaluate how the addition of NEXANS to your portfolios can decrease your overall portfolio volatility.