Softronic (Sweden) Price on June 11, 2024
| SOF-B Stock | SEK 24.35 0.05 0.21% |
If you're considering investing in Softronic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Softronic stands at 24.35, as last reported on the 30th of November, with the highest price reaching 24.70 and the lowest price hitting 23.80 during the day. Currently, Softronic AB is very steady. Softronic AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0958, which indicates the firm had a 0.0958% return per unit of risk over the last 3 months. We have found thirty technical indicators for Softronic AB, which you can use to evaluate the volatility of the company. Please validate Softronic's Risk Adjusted Performance of 0.093, semi deviation of 1.09, and Coefficient Of Variation of 864.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
Softronic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Softronic |
Sharpe Ratio = 0.0958
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Estimated Market Risk
| 1.41 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Softronic is performing at about 7% 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 Softronic by adding it to a well-diversified portfolio.
Softronic Valuation on June 11, 2024
It is possible to determine the worth of Softronic on a given historical date. On June 11, 2024 Softronic was worth 21.9 at the beginning of the trading date compared to the closed value of 22.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Softronic stock. Still, in general, we apply an absolute valuation method to find Softronic'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 Softronic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Softronic's related companies.
| Open | High | Low | Close | Volume | |
| 21.65 | 21.95 | 21.50 | 21.95 | 14,335 | |
06/11/2024 | 21.90 | 22.30 | 21.90 | 22.10 | 17,454 |
| 22.00 | 22.15 | 21.85 | 21.85 | 23,232 |
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Softronic Trading Date Momentum on June 11, 2024
| On June 12 2024 Softronic AB was traded for 21.85 at the closing time. The highest price during the trading period was 22.15 and the lowest recorded bid was listed for 21.85 . The volume for the day was 23.2 K. This history from June 12, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.13% . The trading price change to the current price is 1.36% . |
Softronic AB Fundamentals Correlations and Trends
By evaluating Softronic'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 Softronic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Softronic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Softronic Stock history
Softronic 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 Softronic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Softronic AB 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 Softronic stock prices may prove useful in developing a viable investing in Softronic
Softronic AB provides IT and management services primarily in Sweden. The company was incorporated in 1984 and is headquartered in Stockholm, Sweden. Softronic operates under Information Technology Services classification in Sweden and is traded on Stockholm Stock Exchange. It employs 405 people.
Softronic Stock Technical Analysis
Softronic 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
Softronic Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Softronic 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.
Softronic November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Softronic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Softronic shares will generate the highest return on investment. By undertsting and applying Softronic stock market strength indicators, traders can identify Softronic AB entry and exit signals to maximize returns
Softronic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Softronic's price direction in advance. Along with the technical and fundamental analysis of Softronic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Softronic 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 | 0.093 | |||
| Jensen Alpha | 0.1446 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0208 | |||
| Treynor Ratio | 2.16 |
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Additional Tools for Softronic Stock Analysis
When running Softronic's price analysis, check to measure Softronic'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 Softronic is operating at the current time. Most of Softronic's value examination focuses on studying past and present price action to predict the probability of Softronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Softronic's price. Additionally, you may evaluate how the addition of Softronic to your portfolios can decrease your overall portfolio volatility.