Scandinavian Brake (Denmark) Price on August 3, 2023
| SBS Stock | DKK 11.95 0.10 0.83% |
If you're considering investing in Scandinavian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Scandinavian Brake stands at 11.95, as last reported on the 30th of November, with the highest price reaching 12.30 and the lowest price hitting 11.95 during the day. As of now, Scandinavian Stock is not too volatile. Scandinavian Brake owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0266, which indicates the firm had a 0.0266% return per unit of risk over the last 3 months. We have found thirty technical indicators for Scandinavian Brake Systems, which you can use to evaluate the volatility of the company. Please validate Scandinavian Brake's Semi Deviation of 1.1, coefficient of variation of 3170.24, and Risk Adjusted Performance of 0.0281 to confirm if the risk estimate we provide is consistent with the expected return of 0.034%.
Scandinavian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Scandinavian |
Sharpe Ratio = 0.0266
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Estimated Market Risk
| 1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Scandinavian Brake is performing at about 2% 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 Scandinavian Brake by adding it to a well-diversified portfolio.
Scandinavian Brake Valuation on August 3, 2023
It is possible to determine the worth of Scandinavian Brake on a given historical date. On August 3, 2023 Scandinavian was worth 18.0 at the beginning of the trading date compared to the closed value of 18.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Scandinavian Brake stock. Still, in general, we apply an absolute valuation method to find Scandinavian Brake'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 Scandinavian Brake where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Scandinavian Brake's related companies.
| Open | High | Low | Close | Volume | |
| 19.00 | 19.00 | 18.90 | 18.90 | 431.00 | |
08/03/2023 | 18.00 | 19.90 | 18.00 | 18.50 | 1,414 |
| 18.50 | 18.50 | 17.40 | 18.50 | 987.00 |
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Scandinavian Brake Trading Date Momentum on August 3, 2023
| On August 04 2023 Scandinavian Brake Systems was traded for 18.50 at the closing time. The maximum traded price for the trading interval was 18.50 and the lowest daily price was 17.40 . The daily volume was recorded at 987. The volume of trading on 4th of August 2023 did not result in any price rise and fall. The trading price change to the closing price today is 24.32% . |
Scandinavian Brake Fundamentals Correlations and Trends
By evaluating Scandinavian Brake'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 Scandinavian Brake's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Scandinavian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Scandinavian Brake Stock history
Scandinavian Brake 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 Scandinavian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Scandinavian Brake 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 Scandinavian Brake stock prices may prove useful in developing a viable investing in Scandinavian Brake
Scandinavian Brake Systems AS, together with its subsidiaries, sources, completes, stocks, markets, and distributes spare parts for cars and vans in Europe and internationally. Scandinavian Brake Systems AS is a subsidiary of Stiholt Holding AS. Scandinavian Brake operates under Auto Parts classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 160 people.
Scandinavian Brake Stock Technical Analysis
Scandinavian Brake 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
Scandinavian Brake Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Scandinavian Brake Systems 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.
Scandinavian Brake November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Scandinavian Brake stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Scandinavian Brake shares will generate the highest return on investment. By undertsting and applying Scandinavian Brake stock market strength indicators, traders can identify Scandinavian Brake Systems entry and exit signals to maximize returns
Scandinavian Brake Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Scandinavian Brake's price direction in advance. Along with the technical and fundamental analysis of Scandinavian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Scandinavian 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 | 0.0281 | |||
| Jensen Alpha | 0.0469 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.23) |
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Other Information on Investing in Scandinavian Stock
Scandinavian Brake financial ratios help investors to determine whether Scandinavian 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 Scandinavian with respect to the benefits of owning Scandinavian Brake security.