Reka Industrial (Finland) Price on September 4, 2024

REKA Stock  EUR 4.80  0.04  0.84%   
If you're considering investing in Reka Stock, it is important to understand the factors that can impact its price. As of today, the current price of Reka Industrial stands at 4.80, as last reported on the 25th of November, with the highest price reaching 4.90 and the lowest price hitting 4.76 during the day. Reka Industrial Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.0092, which implies the firm had a -0.0092% return per unit of risk over the last 3 months. Reka Industrial Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reka Industrial's Coefficient Of Variation of (7,644), variance of 5.33, and insignificant Risk Adjusted Performance to confirm the risk estimate we provide.
  
Reka Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0092

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Estimated Market Risk

 2.33
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.02
  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 Reka Industrial 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 Reka Industrial by adding Reka Industrial to a well-diversified portfolio.

Reka Industrial Valuation on September 4, 2024

It is possible to determine the worth of Reka Industrial on a given historical date. On September 4, 2024 Reka was worth 4.76 at the beginning of the trading date compared to the closed value of 4.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reka Industrial stock. Still, in general, we apply an absolute valuation method to find Reka Industrial'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 Reka Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reka Industrial's related companies.
 Open High Low Close Volume
  4.78    4.82    4.75    4.81    6,542  
09/04/2024
  4.76    4.82    4.69    4.75    6,487  
  4.72    4.81    4.69    4.77    7,363  
Backtest Reka Industrial  |  Reka Industrial History  |  Reka Industrial Valuation   PreviousNext  
Open Value
4.76
4.75
Closing Value
11.74
Upside

Reka Industrial Trading Date Momentum on September 4, 2024

On September 05 2024 Reka Industrial Oyj was traded for  4.77  at the closing time. The highest price during the trading period was 4.81  and the lowest recorded bid was listed for  4.69 . The volume for the day was 7.4 K. This history from September 5, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 0.42% . The trading delta at closing time to the current price is 2.32% .

Reka Industrial Oyj Fundamentals Correlations and Trends

By evaluating Reka Industrial'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 Reka Industrial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reka financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Reka Industrial Stock history

Reka Industrial 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 Reka is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reka Industrial 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 Reka Industrial stock prices may prove useful in developing a viable investing in Reka Industrial
Reka Industrial Oyj manufactures and sells cables in Finland, Sweden, Denmark, Norway, the Baltic countries, and Russia. The company was formerly known as Neo Industrial Plc and changed its name to Reka Industrial Oyj in December 2020. Reka Industrial operates under Electrical Equipment Parts classification in Finland and is traded on Helsinki Exchange. It employs 578 people.

Reka Industrial Stock Technical Analysis

Reka Industrial 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.
A focus of Reka Industrial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Reka Industrial trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Reka Industrial Period Price Range

Low
November 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Reka Industrial 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.

Reka Industrial November 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Reka Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reka Industrial shares will generate the highest return on investment. By undertsting and applying Reka Industrial stock market strength indicators, traders can identify Reka Industrial Oyj entry and exit signals to maximize returns

Reka Industrial Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Reka Industrial's price direction in advance. Along with the technical and fundamental analysis of Reka Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reka 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.

Complementary Tools for Reka Stock analysis

When running Reka Industrial's price analysis, check to measure Reka Industrial'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 Reka Industrial is operating at the current time. Most of Reka Industrial's value examination focuses on studying past and present price action to predict the probability of Reka Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reka Industrial's price. Additionally, you may evaluate how the addition of Reka Industrial to your portfolios can decrease your overall portfolio volatility.
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