Svenska Handelsbanken (Sweden) Price on November 17, 2023
| SHB-A Stock | SEK 113.50 0.30 0.26% |
If you're considering investing in Svenska Stock, it is important to understand the factors that can impact its price. As of today, the current price of Svenska Handelsbanken stands at 113.50, as last reported on the 29th of November, with the highest price reaching 114.25 and the lowest price hitting 113.25 during the day. Currently, Svenska Handelsbanken AB is very steady. Svenska Handelsbanken owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0808, which indicates the firm had a 0.0808% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Svenska Handelsbanken AB, which you can use to evaluate the volatility of the company. Please validate Svenska Handelsbanken's Risk Adjusted Performance of 0.0737, semi deviation of 0.8879, and Coefficient Of Variation of 1104.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
Svenska Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Svenska |
Sharpe Ratio = 0.0808
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Estimated Market Risk
| 1.39 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Svenska Handelsbanken 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 Svenska Handelsbanken by adding it to a well-diversified portfolio.
Svenska Handelsbanken Valuation on November 17, 2023
It is possible to determine the worth of Svenska Handelsbanken on a given historical date. On November 17, 2023 Svenska was worth 92.66 at the beginning of the trading date compared to the closed value of 93.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Svenska Handelsbanken stock. Still, in general, we apply an absolute valuation method to find Svenska Handelsbanken'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 Svenska Handelsbanken where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Svenska Handelsbanken's related companies.
| Open | High | Low | Close | Volume | |
| 93.17 | 93.47 | 91.86 | 92.28 | 4,277,721 | |
11/17/2023 | 92.66 | 93.49 | 92.53 | 93.26 | 3,739,130 |
| 93.62 | 93.93 | 92.75 | 93.68 | 3,491,978 |
| Backtest Svenska Handelsbanken | | | Svenska Handelsbanken History | | | Svenska Handelsbanken Valuation | Previous | Next |
Svenska Handelsbanken Trading Date Momentum on November 17, 2023
| On November 20 2023 Svenska Handelsbanken AB was traded for 93.68 at the closing time. The highest price during the trading period was 93.93 and the lowest recorded bid was listed for 92.75 . The volume for the day was 3.5 M. This history from November 20, 2023 contributed to the next trading day price appreciation. The trading price change to the next closing price was 0.45% . The trading price change to the current price is 2.49% . |
Svenska Handelsbanken Fundamentals Correlations and Trends
By evaluating Svenska Handelsbanken'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 Svenska Handelsbanken's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Svenska financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Svenska Handelsbanken Stock history
Svenska Handelsbanken 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 Svenska is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Svenska Handelsbanken 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 Svenska Handelsbanken stock prices may prove useful in developing a viable investing in Svenska Handelsbanken
Svenska Handelsbanken AB provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Denmark, Finland, Norway, and the Netherlands. Svenska Handelsbanken AB was founded in 1871 and is based in Stockholm, Sweden. Svenska Handelsbanken operates under Banking classification in Sweden and is traded on Stockholm Stock Exchange. It employs 12481 people.
Svenska Handelsbanken Stock Technical Analysis
Svenska Handelsbanken 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
Svenska Handelsbanken Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Svenska Handelsbanken AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
Svenska Handelsbanken November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Svenska Handelsbanken stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Svenska Handelsbanken shares will generate the highest return on investment. By undertsting and applying Svenska Handelsbanken stock market strength indicators, traders can identify Svenska Handelsbanken AB entry and exit signals to maximize returns
Svenska Handelsbanken Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Svenska Handelsbanken's price direction in advance. Along with the technical and fundamental analysis of Svenska Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Svenska 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 | 0.1265 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (1.23) |
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Additional Tools for Svenska Stock Analysis
When running Svenska Handelsbanken's price analysis, check to measure Svenska Handelsbanken'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 Svenska Handelsbanken is operating at the current time. Most of Svenska Handelsbanken's value examination focuses on studying past and present price action to predict the probability of Svenska Handelsbanken's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Svenska Handelsbanken's price. Additionally, you may evaluate how the addition of Svenska Handelsbanken to your portfolios can decrease your overall portfolio volatility.