Stora Enso (Finland) Price on October 2, 2024

STERV Stock  EUR 9.19  0.07  0.76%   
If you're considering investing in Stora Stock, it is important to understand the factors that can impact its price. As of today, the current price of Stora Enso stands at 9.19, as last reported on the 29th of November, with the highest price reaching 9.30 and the lowest price hitting 9.09 during the day. Stora Enso Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of risk over the last 3 months. Stora Enso Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stora Enso's Risk Adjusted Performance of (0.12), coefficient of variation of (589.57), and Variance of 3.47 to confirm the risk estimate we provide.
  
Stora Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1882

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Estimated Market Risk

 1.86
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.35
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.19
  actual daily
0
Most of other assets perform better
Based on monthly moving average Stora Enso 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 Stora Enso by adding Stora Enso to a well-diversified portfolio.

Stora Enso Valuation on October 2, 2024

It is possible to determine the worth of Stora Enso on a given historical date. On October 2, 2024 Stora was worth 11.5 at the beginning of the trading date compared to the closed value of 11.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Stora Enso stock. Still, in general, we apply an absolute valuation method to find Stora Enso'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 Stora Enso where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Stora Enso's related companies.
 Open High Low Close Volume
  11.53    11.64    11.40    11.45    1,267,487  
10/02/2024
  11.50    11.50    11.27    11.41    1,095,398  
  11.37    12.20    11.35    11.82    4,134,460  
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Open Value
11.5
11.41
Closing Value
17.09
Upside

Stora Enso Trading Date Momentum on October 2, 2024

On October 03 2024 Stora Enso Oyj was traded for  11.82  at the closing time. The highest price during the trading period was 12.20  and the lowest recorded bid was listed for  11.35 . The volume for the day was 4.1 M. This history from October 3, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 3.59% . The trading price change to the current price is 5.35% .

Stora Enso Oyj Fundamentals Correlations and Trends

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

About Stora Enso Stock history

Stora Enso 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 Stora is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Stora Enso Oyj 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 Stora Enso stock prices may prove useful in developing a viable investing in Stora Enso
Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company was founded in 1998 and is headquartered in Helsinki, Finland. Stora Enso operates under Paper Paper Products classification in Finland and is traded on Helsinki Exchange. It employs 23000 people.

Stora Enso Stock Technical Analysis

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

Stora Enso Period Price Range

Low
November 29, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Stora Enso Oyj 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.

Stora Enso November 29, 2024 Market Strength

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

Stora Enso Technical and Predictive Indicators

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

Complementary Tools for Stora Stock analysis

When running Stora Enso's price analysis, check to measure Stora Enso'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 Stora Enso is operating at the current time. Most of Stora Enso's value examination focuses on studying past and present price action to predict the probability of Stora Enso's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stora Enso's price. Additionally, you may evaluate how the addition of Stora Enso to your portfolios can decrease your overall portfolio volatility.
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