Skjern Bank (Denmark) Price on January 25, 2024

SKJE Stock  DKK 155.00  1.00  0.65%   
If you're considering investing in Skjern Stock, it is important to understand the factors that can impact its price. As of today, the current price of Skjern Bank stands at 155.00, as last reported on the 29th of November, with the highest price reaching 155.00 and the lowest price hitting 153.00 during the day. Skjern Bank AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of risk over the last 3 months. Skjern Bank AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skjern Bank's Risk Adjusted Performance of (0.18), coefficient of variation of (426.65), and Variance of 1.71 to confirm the risk estimate we provide.
  
Skjern Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2344

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Estimated Market Risk

 1.31
  actual daily
11
89% of assets are more volatile

Expected Return

 -0.31
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.23
  actual daily
0
Most of other assets perform better
Based on monthly moving average Skjern Bank 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 Skjern Bank by adding Skjern Bank to a well-diversified portfolio.

Skjern Bank Valuation on January 25, 2024

It is possible to determine the worth of Skjern Bank on a given historical date. On January 25, 2024 Skjern was worth 164.16 at the beginning of the trading date compared to the closed value of 162.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Skjern Bank stock. Still, in general, we apply an absolute valuation method to find Skjern Bank'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 Skjern Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Skjern Bank's related companies.
 Open High Low Close Volume
  163.67    164.16    161.24    164.16    9,188  
01/25/2024
  164.16    164.16    160.76    162.21    4,784  
  164.16    164.16    161.73    164.16    4,534  
Backtest Skjern Bank  |  Skjern Bank History  |  Skjern Bank Valuation   PreviousNext  
Open Value
164.16
160.23
Downside
162.21
Closing Value
168.09
Upside

Skjern Bank Trading Date Momentum on January 25, 2024

On January 26 2024 Skjern Bank AS was traded for  164.16  at the closing time. The highest price during the trading period was 164.16  and the lowest recorded bid was listed for  161.73 . The volume for the day was 4.5 K. This history from January 26, 2024 contributed to the next trading day price boost. The trading price change to the next closing price was 1.20% . The trading price change to the current price is 0.30% .

Skjern Bank AS Fundamentals Correlations and Trends

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

About Skjern Bank Stock history

Skjern Bank 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 Skjern is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Skjern Bank 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 Skjern Bank stock prices may prove useful in developing a viable investing in Skjern Bank
Skjern Bank AS provides financial services to private customers, business and institutional customers, and public companies in Denmark. The company was founded in 1906 and is based in Skjern, Denmark. Skjern Bank operates under Banking classification in Denmark and is traded on Copenhagen Stock Exchange.

Skjern Bank Stock Technical Analysis

Skjern Bank 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 Skjern Bank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Skjern Bank 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

Skjern Bank Period Price Range

Low
November 29, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Skjern Bank 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.

Skjern Bank November 29, 2024 Market Strength

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

Skjern Bank Technical and Predictive Indicators

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

Other Information on Investing in Skjern Stock

Skjern Bank financial ratios help investors to determine whether Skjern 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 Skjern with respect to the benefits of owning Skjern Bank security.