Solar AS (Denmark) Price on September 5, 2024
SOLAR-B Stock | DKK 303.00 4.50 1.46% |
If you're considering investing in Solar Stock, it is important to understand the factors that can impact its price. As of today, the current price of Solar AS stands at 303.00, as last reported on the 27th of November, with the highest price reaching 309.00 and the lowest price hitting 301.00 during the day. Solar AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0858, which indicates the firm had a -0.0858% return per unit of risk over the last 3 months. Solar AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solar AS's Variance of 2.52, coefficient of variation of (1,326), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide.
Solar Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Solar |
Sharpe Ratio = -0.0858
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Negative Returns | SOLAR-B |
Estimated Market Risk
1.6 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.14 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 Solar AS 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 Solar AS by adding Solar AS to a well-diversified portfolio.
Solar AS Valuation on September 5, 2024
It is possible to determine the worth of Solar AS on a given historical date. On September 5, 2024 Solar was worth 335.5 at the beginning of the trading date compared to the closed value of 324.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Solar AS stock. Still, in general, we apply an absolute valuation method to find Solar AS'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 Solar AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Solar AS's related companies.
Open | High | Low | Close | Volume | |
327.00 | 329.50 | 326.00 | 326.50 | 4,328 | |
09/05/2024 | 335.50 | 335.50 | 324.00 | 324.00 | 4,718 |
324.50 | 326.50 | 320.50 | 321.50 | 7,374 |
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Solar AS Trading Date Momentum on September 5, 2024
On September 06 2024 Solar AS was traded for 321.50 at the closing time. The highest price during the trading period was 326.50 and the lowest recorded bid was listed for 320.50 . The volume for the day was 7.4 K. This history from September 6, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.77% . The trading price change to the current price is 4.94% . |
Solar AS Fundamentals Correlations and Trends
By evaluating Solar AS'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 Solar AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Solar financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Solar AS Stock history
Solar AS 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 Solar is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Solar 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 Solar AS stock prices may prove useful in developing a viable investing in Solar AS
Solar AS operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in the Danish, Swedish, Norwegian, and Dutch markets. The company was founded in 1919 and is based in Vejen, Denmark. Solar B operates under Electrical Equipment classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 2982 people.
Solar AS Stock Technical Analysis
Solar AS 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
Solar AS Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Solar 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.
Solar AS November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Solar AS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solar AS shares will generate the highest return on investment. By undertsting and applying Solar AS stock market strength indicators, traders can identify Solar AS entry and exit signals to maximize returns
Solar AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Solar AS's price direction in advance. Along with the technical and fundamental analysis of Solar Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Solar 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 | (0.05) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.38) | |||
Treynor Ratio | (0.52) |
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Volume Indicators |
Complementary Tools for Solar Stock analysis
When running Solar AS's price analysis, check to measure Solar AS'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 Solar AS is operating at the current time. Most of Solar AS's value examination focuses on studying past and present price action to predict the probability of Solar AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar AS's price. Additionally, you may evaluate how the addition of Solar AS to your portfolios can decrease your overall portfolio volatility.
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