Suominen Oyj (Finland) Price on September 12, 2024
| SUY1V Stock | EUR 2.06 0.04 1.90% |
If you're considering investing in Suominen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Suominen Oyj stands at 2.06, as last reported on the 4th of December, with the highest price reaching 2.15 and the lowest price hitting 2.06 during the day. Suominen Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Suominen Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Suominen Oyj's Risk Adjusted Performance of (0.11), variance of 4.25, and Coefficient Of Variation of (669.36) to confirm the risk estimate we provide.
Suominen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Suominen |
Sharpe Ratio = -0.1567
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Estimated Market Risk
| 1.96 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Suominen Oyj 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 Suominen Oyj by adding Suominen Oyj to a well-diversified portfolio.
Suominen Oyj Valuation on September 12, 2024
It is possible to determine the worth of Suominen Oyj on a given historical date. On September 12, 2024 Suominen was worth 2.53 at the beginning of the trading date compared to the closed value of 2.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Suominen Oyj stock. Still, in general, we apply an absolute valuation method to find Suominen Oyj'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 Suominen Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Suominen Oyj's related companies.
| Open | High | Low | Close | Volume | |
| 2.59 | 2.59 | 2.53 | 2.54 | 273.00 | |
09/12/2024 | 2.53 | 2.64 | 2.47 | 2.61 | 8,825 |
| 2.63 | 2.63 | 2.55 | 2.63 | 3,669 |
| Backtest Suominen Oyj | | | Suominen Oyj History | | | Suominen Oyj Valuation | Previous | Next |
Suominen Oyj Trading Date Momentum on September 12, 2024
| On September 13 2024 Suominen Oyj was traded for 2.63 at the closing time. The highest price during the trading period was 2.63 and the lowest recorded bid was listed for 2.55 . The volume for the day was 3.7 K. This history from September 13, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 0.77% . The trading price change to the current price is 0.38% . |
Suominen Oyj Fundamentals Correlations and Trends
By evaluating Suominen Oyj'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 Suominen Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Suominen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Suominen Oyj Stock history
Suominen Oyj 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 Suominen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Suominen 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 Suominen Oyj stock prices may prove useful in developing a viable investing in Suominen Oyj
Suominen Oyj manufactures and sells nonwovens primarily for consumer goods companies in Finland, rest of Europe, the United States, rest of North and South America, and internationally. The company was founded in 1767 and is headquartered in Helsinki, Finland. Suominen Oyj operates under Household Personal Products classification in Finland and is traded on Helsinki Exchange. It employs 700 people.
Suominen Oyj Stock Technical Analysis
Suominen Oyj 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
Suominen Oyj Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Suominen 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.
Suominen Oyj December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Suominen Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Suominen Oyj shares will generate the highest return on investment. By undertsting and applying Suominen Oyj stock market strength indicators, traders can identify Suominen Oyj entry and exit signals to maximize returns
Suominen Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Suominen Oyj's price direction in advance. Along with the technical and fundamental analysis of Suominen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Suominen 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 | (0.11) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (3.85) |
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| Volume Indicators |
Complementary Tools for Suominen Stock analysis
When running Suominen Oyj's price analysis, check to measure Suominen Oyj'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 Suominen Oyj is operating at the current time. Most of Suominen Oyj's value examination focuses on studying past and present price action to predict the probability of Suominen Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suominen Oyj's price. Additionally, you may evaluate how the addition of Suominen Oyj to your portfolios can decrease your overall portfolio volatility.
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