OMX Stockholm (Sweden) Price on September 30, 2024
| OMXSMCPI | 1,635 7.18 0.44% |
Below is the normalized historical share price chart for OMX Stockholm Mid extending back to January 02, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of OMX Stockholm stands at 1,635, as last reported on the 29th of November, with the highest price reaching 1,635 and the lowest price hitting 1,623 during the day.
If you're considering investing in OMX Index, it is important to understand the factors that can impact its price. OMX Stockholm Mid maintains Sharpe Ratio (i.e., Efficiency) of -0.0739, which implies the entity had a -0.0739% return per unit of standard deviation over the last 3 months. OMX Stockholm Mid exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. OMX Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = -0.0739
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OMXSMCPI |
Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.06 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 OMX Stockholm 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 OMX Stockholm by adding OMX Stockholm to a well-diversified portfolio.
OMX Stockholm Valuation on September 30, 2024
It is possible to determine the worth of OMX Stockholm on a given historical date. On September 30, 2024 OMX was worth 1690.58 at the beginning of the trading date compared to the closed value of 1690.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OMX Stockholm index. Still, in general, we apply an absolute valuation method to find OMX Stockholm'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 OMX Stockholm where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OMX Stockholm's related companies.
| Open | High | Low | Close | Volume | |
| 1,693 | 1,696 | 1,684 | 1,690 | 1.00 | |
09/30/2024 | 1,691 | 1,700 | 1,680 | 1,690 | 1.00 |
| 1,691 | 1,698 | 1,676 | 1,677 | 1.00 |
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OMX Stockholm Trading Date Momentum on September 30, 2024
| On October 01 2024 OMX Stockholm Mid was traded for 1,677 at the closing time. The highest price during the trading period was 1,698 and the lowest recorded bid was listed for 1,676 . There was no trading activity during the period 1.0. Lack of trading volume on October 1, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.75% . The trading delta at closing time to the current price is 1.02% . |
Price Boundaries
OMX Stockholm Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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OMX Stockholm November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how OMX Stockholm index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OMX Stockholm shares will generate the highest return on investment. By undertsting and applying OMX Stockholm index market strength indicators, traders can identify OMX Stockholm Mid entry and exit signals to maximize returns
OMX Stockholm Technical Drivers
OMX Stockholm November 29, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OMX Stockholm's price direction in advance. Along with the technical and fundamental analysis of OMX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of OMX 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 | (0.06) | |||
| Mean Deviation | 0.6337 | |||
| Coefficient Of Variation | (1,360) | |||
| Standard Deviation | 0.7624 | |||
| Variance | 0.5812 | |||
| Information Ratio | (0.24) | |||
| Total Risk Alpha | (0.18) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.14 | |||
| Skewness | (0.01) | |||
| Kurtosis | (0.68) |
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