Rovsing AS (Denmark) Price on August 15, 2023
| ROV Stock | DKK 40.80 0.20 0.49% |
If you're considering investing in Rovsing Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rovsing AS stands at 40.80, as last reported on the 27th of November, with the highest price reaching 40.80 and the lowest price hitting 39.40 during the day. Rovsing AS appears to be not too volatile, given 3 months investment horizon. Rovsing AS maintains Sharpe Ratio (i.e., Efficiency) of 0.085, which implies the firm had a 0.085% return per unit of risk over the last 3 months. By analyzing Rovsing AS's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please evaluate Rovsing AS's Semi Deviation of 3.62, risk adjusted performance of 0.0737, and Coefficient Of Variation of 1175.92 to confirm if our risk estimates are consistent with your expectations.
Rovsing Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rovsing |
Sharpe Ratio = 0.085
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Estimated Market Risk
| 5.99 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Rovsing AS is performing at about 6% 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 Rovsing AS by adding it to a well-diversified portfolio.
Rovsing AS Valuation on August 15, 2023
It is possible to determine the worth of Rovsing AS on a given historical date. On August 15, 2023 Rovsing was worth 47.6 at the beginning of the trading date compared to the closed value of 46.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rovsing AS stock. Still, in general, we apply an absolute valuation method to find Rovsing 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 Rovsing AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rovsing AS's related companies.
| Open | High | Low | Close | Volume | |
| 48.00 | 49.00 | 48.00 | 48.00 | 233.00 | |
08/15/2023 | 47.60 | 47.60 | 46.60 | 46.60 | 70.00 |
| 47.40 | 47.40 | 47.40 | 47.40 | 40.00 |
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Rovsing AS Trading Date Momentum on August 15, 2023
| On August 16 2023 Rovsing AS was traded for 47.40 at the closing time. The maximum traded price for the trading interval was 47.40 and the lowest daily price was 47.40 . The daily volume was recorded at 40.0. The volume of trading on 16th of August 2023 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 1.72% . The trading delta at closing time to the closing price today is 2.58% . |
Rovsing AS Fundamentals Correlations and Trends
By evaluating Rovsing 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 Rovsing AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rovsing financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rovsing AS Stock history
Rovsing 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 Rovsing is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rovsing 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 Rovsing AS stock prices may prove useful in developing a viable investing in Rovsing AS
Rovsing AS develops, manufactures, and delivers systems for functional and electrical testing of spacecrafts and their payloads in Europe and internationally. Rovsing AS was incorporated in 1992 and is headquartered in Glostrup, Denmark. Rovsing AS operates under Aerospace Defense classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 25 people.
Rovsing AS Stock Technical Analysis
Rovsing 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
Rovsing AS Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Rovsing 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.
Rovsing AS November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Rovsing 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 Rovsing AS shares will generate the highest return on investment. By undertsting and applying Rovsing AS stock market strength indicators, traders can identify Rovsing AS entry and exit signals to maximize returns
Rovsing AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rovsing AS's price direction in advance. Along with the technical and fundamental analysis of Rovsing Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rovsing 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 | 0.0737 | |||
| Jensen Alpha | 0.3562 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0854 | |||
| Treynor Ratio | 0.4208 |
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Other Information on Investing in Rovsing Stock
Rovsing AS financial ratios help investors to determine whether Rovsing Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rovsing with respect to the benefits of owning Rovsing AS security.