Orthex Oyj (Finland) Price on March 5, 2024
ORTHEX Stock | EUR 5.34 0.04 0.74% |
If you're considering investing in Orthex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Orthex Oyj stands at 5.34, as last reported on the 11th of December 2024, with the highest price reaching 5.38 and the lowest price hitting 5.20 during the day. Orthex Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of risk over the last 3 months. Orthex Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orthex Oyj's Coefficient Of Variation of (1,138), risk adjusted performance of (0.06), and Variance of 4.23 to confirm the risk estimate we provide.
Orthex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Orthex |
Sharpe Ratio = -0.1
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Estimated Market Risk
2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Orthex Oyj 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 Orthex Oyj by adding Orthex Oyj to a well-diversified portfolio.
Orthex Oyj Valuation on March 5, 2024
It is possible to determine the worth of Orthex Oyj on a given historical date. On March 5, 2024 Orthex was worth 6.3 at the beginning of the trading date compared to the closed value of 6.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Orthex Oyj stock. Still, in general, we apply an absolute valuation method to find Orthex Oyj'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 Orthex Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Orthex Oyj's related companies.
Open | High | Low | Close | Volume | |
6.01 | 6.06 | 5.91 | 6.00 | 9,539 | |
03/05/2024 | 6.30 | 6.64 | 6.11 | 6.20 | 22,409 |
6.20 | 6.32 | 6.12 | 6.21 | 10,111 |
Backtest Orthex Oyj | | | Orthex Oyj History | | | Orthex Oyj Valuation | Previous | Next |
Orthex Oyj Trading Date Momentum on March 5, 2024
On March 06 2024 Orthex Oyj was traded for 6.21 at the closing time. The highest price during the trading period was 6.32 and the lowest recorded bid was listed for 6.12 . The volume for the day was 10.1 K. This history from March 6, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 0.16% . The trading delta at closing time to the current price is 4.35% . |
Orthex Oyj Fundamentals Correlations and Trends
By evaluating Orthex Oyj'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 Orthex Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Orthex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Orthex Oyj Stock history
Orthex Oyj 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 Orthex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Orthex Oyj 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 Orthex Oyj stock prices may prove useful in developing a viable investing in Orthex Oyj
Orthex Oyj, a houseware company, designs, produces, and sells household products in Finland. The company was founded in 1956 and is headquartered in Espoo, Finland. Orthex Plc is traded on Helsinki Exchange in Finland.
Orthex Oyj Stock Technical Analysis
Orthex Oyj 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
Orthex Oyj Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Orthex Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki 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.
Orthex Oyj December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Orthex Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orthex Oyj shares will generate the highest return on investment. By undertsting and applying Orthex Oyj stock market strength indicators, traders can identify Orthex Oyj entry and exit signals to maximize returns
Orthex Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Orthex Oyj's price direction in advance. Along with the technical and fundamental analysis of Orthex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Orthex 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) | |||
Jensen Alpha | (0.18) | |||
Total Risk Alpha | (0.52) | |||
Treynor Ratio | 1.83 |
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Volume Indicators |
Complementary Tools for Orthex Stock analysis
When running Orthex Oyj's price analysis, check to measure Orthex Oyj'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 Orthex Oyj is operating at the current time. Most of Orthex Oyj's value examination focuses on studying past and present price action to predict the probability of Orthex Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orthex Oyj's price. Additionally, you may evaluate how the addition of Orthex Oyj to your portfolios can decrease your overall portfolio volatility.
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