Solteq PLC (Finland) Price on August 23, 2023
SOLTEQ Stock | EUR 0.61 0.01 1.61% |
If you're considering investing in Solteq Stock, it is important to understand the factors that can impact its price. As of today, the current price of Solteq PLC stands at 0.61, as last reported on the 26th of November, with the highest price reaching 0.62 and the lowest price hitting 0.60 during the day. Solteq PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0252, which indicates the firm had a -0.0252% return per unit of risk over the last 3 months. Solteq PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solteq PLC's Variance of 12.24, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,400) to confirm the risk estimate we provide.
Solteq Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Solteq |
Sharpe Ratio = -0.0252
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Estimated Market Risk
3.48 actual daily | 30 70% of assets are more volatile |
Expected Return
-0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Solteq PLC 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 Solteq PLC by adding Solteq PLC to a well-diversified portfolio.
Solteq PLC Valuation on August 23, 2023
It is possible to determine the worth of Solteq PLC on a given historical date. On August 23, 2023 Solteq was worth 1.1 at the beginning of the trading date compared to the closed value of 1.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Solteq PLC stock. Still, in general, we apply an absolute valuation method to find Solteq PLC'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 Solteq PLC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Solteq PLC's related companies.
Open | High | Low | Close | Volume | |
1.10 | 1.20 | 1.08 | 1.10 | 13,982 | |
08/23/2023 | 1.10 | 1.10 | 0.99 | 1.06 | 93,789 |
1.06 | 1.06 | 1.00 | 1.01 | 49,676 |
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Solteq PLC Trading Date Momentum on August 23, 2023
On August 24 2023 Solteq PLC was traded for 1.01 at the closing time. The highest price during the trading period was 1.06 and the lowest recorded bid was listed for 1.00 . The volume for the day was 49.7 K. This history from August 24, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 4.72% . The trading price change to the current price is 3.77% . |
Solteq PLC Fundamentals Correlations and Trends
By evaluating Solteq PLC'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 Solteq PLC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Solteq financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Solteq PLC Stock history
Solteq PLC 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 Solteq is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Solteq PLC 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 Solteq PLC stock prices may prove useful in developing a viable investing in Solteq PLC
Solteq Oyj, an IT service and software company, provides digital business solutions in Finland, Sweden, Denmark, Poland, and the United Kingdom. Solteq Oyj was founded in 1982 and is headquartered in Vantaa, Finland. Solteq Oyj operates under Software - Application classification in Finland and is traded on Helsinki Exchange. It employs 586 people.
Solteq PLC Stock Technical Analysis
Solteq PLC 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
Solteq PLC Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Solteq PLC cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki 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.
Solteq PLC November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Solteq PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solteq PLC shares will generate the highest return on investment. By undertsting and applying Solteq PLC stock market strength indicators, traders can identify Solteq PLC entry and exit signals to maximize returns
Solteq PLC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Solteq PLC's price direction in advance. Along with the technical and fundamental analysis of Solteq Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Solteq 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 | (0.02) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.71) | |||
Treynor Ratio | 0.4186 |
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Volume Indicators |
Complementary Tools for Solteq Stock analysis
When running Solteq PLC's price analysis, check to measure Solteq PLC'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 Solteq PLC is operating at the current time. Most of Solteq PLC's value examination focuses on studying past and present price action to predict the probability of Solteq PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solteq PLC's price. Additionally, you may evaluate how the addition of Solteq PLC to your portfolios can decrease your overall portfolio volatility.
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