Sandvik Ab Adr Stock Price on November 7, 2024
SDVKY Stock | USD 18.30 0.12 0.66% |
If you're considering investing in Sandvik Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Sandvik AB stands at 18.30, as last reported on the 30th of November, with the highest price reaching 18.35 and the lowest price hitting 18.28 during the day. Sandvik AB ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0939, which indicates the firm had a -0.0939% return per unit of risk over the last 3 months. Sandvik AB ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sandvik AB's Variance of 3.17, coefficient of variation of (885.03), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide.
Sandvik Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Sandvik |
Sharpe Ratio = -0.0939
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Estimated Market Risk
1.72 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sandvik AB 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 Sandvik AB by adding Sandvik AB to a well-diversified portfolio.
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Sandvik AB Valuation on November 7, 2024
It is possible to determine the worth of Sandvik AB on a given historical date. On November 7, 2024 Sandvik was worth 20.25 at the beginning of the trading date compared to the closed value of 20.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sandvik AB pink sheet. Still, in general, we apply an absolute valuation method to find Sandvik AB'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 Sandvik AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sandvik AB's related companies.
Open | High | Low | Close | Volume | |
19.27 | 19.41 | 19.25 | 19.37 | 33,000 | |
11/07/2024 | 20.25 | 20.32 | 20.17 | 20.29 | 74,200 |
19.65 | 19.65 | 19.40 | 19.54 | 60,100 |
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Sandvik AB Trading Date Momentum on November 7, 2024
On November 08 2024 Sandvik AB ADR was traded for 19.54 at the closing time. The highest daily price throughout the period was 19.65 and the lowest price was 19.40 . The daily volume was 60.1 K. The net trading volume on 11/08/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 3.70% . The trading price change to current closing price is 9.07% . |
Sandvik AB ADR Fundamentals Correlations and Trends
By evaluating Sandvik AB'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 Sandvik AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sandvik financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sandvik AB Pink Sheet history
Sandvik AB 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 Sandvik is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sandvik AB ADR 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 Sandvik AB stock prices may prove useful in developing a viable investing in Sandvik AB
Sandvik AB operates as an engineering company in the areas of mining and rock excavation, rock processing, manufacturing and machining, and materials technology in Sweden and internationally. The company was founded in 1862 and is headquartered in Stockholm, Sweden. Sandvik Ab operates under Specialty Industrial Machinery classification in the United States and is traded on OTC Exchange. It employs 571 people.
Sandvik AB Pink Sheet Technical Analysis
Sandvik AB technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Sandvik AB Period Price Range
Low | November 30, 2024
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0.00 | 0.00 |
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Sandvik AB November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Sandvik AB pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sandvik AB shares will generate the highest return on investment. By undertsting and applying Sandvik AB pink sheet market strength indicators, traders can identify Sandvik AB ADR entry and exit signals to maximize returns
Sandvik AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sandvik AB's price direction in advance. Along with the technical and fundamental analysis of Sandvik Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sandvik 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 | (0.08) | |||
Jensen Alpha | (0.21) | |||
Total Risk Alpha | (0.51) | |||
Treynor Ratio | 5.87 |
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Additional Tools for Sandvik Pink Sheet Analysis
When running Sandvik AB's price analysis, check to measure Sandvik AB'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 Sandvik AB is operating at the current time. Most of Sandvik AB's value examination focuses on studying past and present price action to predict the probability of Sandvik AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sandvik AB's price. Additionally, you may evaluate how the addition of Sandvik AB to your portfolios can decrease your overall portfolio volatility.