Penneo AS (Denmark) Price on August 31, 2024
| PENNEO Stock | DKK 15.80 7.94 101.02% |
If you're considering investing in Penneo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Penneo AS stands at 15.80, as last reported on the 30th of November, with the highest price reaching 16.20 and the lowest price hitting 15.60 during the day. Penneo AS is moderately volatile given 3 months investment horizon. Penneo AS 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. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use Penneo AS Coefficient Of Variation of 991.6, risk adjusted performance of 0.0865, and Semi Deviation of 1.47 to evaluate company specific risk that cannot be diversified away.
Penneo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Penneo |
Sharpe Ratio = 0.1014
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Estimated Market Risk
| 12.73 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.29 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Penneo AS is performing at about 7% of its full potential. 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 Penneo AS by adding it to a well-diversified portfolio.
Penneo AS Valuation on August 31, 2024
It is possible to determine the worth of Penneo AS on a given historical date. On August 31, 2024 Penneo was worth 8.48 at the beginning of the trading date compared to the closed value of 9.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Penneo AS stock. Still, in general, we apply an absolute valuation method to find Penneo AS'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 Penneo AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Penneo AS's related companies.
| Open | High | Low | Close | Volume | |
| 7.98 | 8.48 | 7.98 | 8.46 | 127,821 | |
08/30/2024 | 8.48 | 10.70 | 8.48 | 9.44 | 260,049 |
| 9.68 | 10.65 | 8.86 | 9.46 | 146,328 |
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Penneo AS Trading Date Momentum on August 31, 2024
| On September 02 2024 Penneo AS was traded for 9.46 at the closing time. The highest price during the trading period was 10.65 and the lowest recorded bid was listed for 8.86 . The volume for the day was 146.3 K. This history from September 2, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 0.21% . The trading delta at closing time to the current price is 4.66% . |
Penneo AS Fundamentals Correlations and Trends
By evaluating Penneo AS'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 Penneo AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Penneo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Penneo AS Stock history
Penneo AS 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 Penneo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Penneo AS 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 Penneo AS stock prices may prove useful in developing a viable investing in Penneo AS
Penneo AS, a software-as-a-service company, provides an eco-system of automation solutions that digitizes companies workflows of customers onboarding, and signing and managing documents. Penneo AS was incorporated in 2014 and is headquartered in Copenhagen, Denmark. Penneo AS operates under SoftwareApplication classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 84 people.
Penneo AS Stock Technical Analysis
Penneo AS 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
Penneo AS Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Penneo AS cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
Penneo AS November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Penneo AS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Penneo AS shares will generate the highest return on investment. By undertsting and applying Penneo AS stock market strength indicators, traders can identify Penneo AS entry and exit signals to maximize returns
Penneo AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Penneo AS's price direction in advance. Along with the technical and fundamental analysis of Penneo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Penneo 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 | 0.0865 | |||
| Jensen Alpha | 1.23 | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | 0.4958 | |||
| Treynor Ratio | 5.13 |
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| Volume Indicators |
Complementary Tools for Penneo Stock analysis
When running Penneo AS's price analysis, check to measure Penneo AS'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 Penneo AS is operating at the current time. Most of Penneo AS's value examination focuses on studying past and present price action to predict the probability of Penneo AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Penneo AS's price. Additionally, you may evaluate how the addition of Penneo AS to your portfolios can decrease your overall portfolio volatility.
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