Synsam AB (Sweden) Price on August 27, 2024
SYNSAM Stock | 43.95 0.10 0.23% |
If you're considering investing in Synsam Stock, it is important to understand the factors that can impact its price. As of today, the current price of Synsam AB stands at 43.95, as last reported on the 1st of December, with the highest price reaching 44.60 and the lowest price hitting 43.65 during the day. Synsam AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.081, which indicates the firm had a -0.081% return per unit of risk over the last 3 months. Synsam AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synsam AB's Variance of 3.11, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,698) to confirm the risk estimate we provide.
Synsam Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Synsam |
Sharpe Ratio = -0.081
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Estimated Market Risk
1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Synsam AB 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 Synsam AB by adding Synsam AB to a well-diversified portfolio.
Synsam AB Valuation on August 27, 2024
It is possible to determine the worth of Synsam AB on a given historical date. On August 27, 2024 Synsam was worth 51.1 at the beginning of the trading date compared to the closed value of 49.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Synsam AB stock. Still, in general, we apply an absolute valuation method to find Synsam AB'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 Synsam AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Synsam AB's related companies.
Open | High | Low | Close | Volume | |
51.80 | 52.50 | 50.90 | 50.90 | 82,068 | |
08/27/2024 | 51.10 | 51.60 | 48.80 | 49.00 | 259,849 |
49.25 | 50.20 | 48.80 | 49.75 | 46,670 |
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Synsam AB Trading Date Momentum on August 27, 2024
On August 28 2024 Synsam AB was traded for 49.75 at the closing time. The highest price during the trading period was 50.20 and the lowest recorded bid was listed for 48.80 . The volume for the day was 46.7 K. This history from August 28, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 1.53% . The trading price change to the current price is 1.73% . |
Synsam AB Fundamentals Correlations and Trends
By evaluating Synsam AB'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 Synsam AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Synsam financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Synsam AB Stock history
Synsam AB 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 Synsam is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Synsam 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 Synsam AB stock prices may prove useful in developing a viable investing in Synsam AB
Synsam AB Stock Technical Analysis
Synsam AB 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
Synsam AB Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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Synsam AB December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Synsam AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Synsam AB shares will generate the highest return on investment. By undertsting and applying Synsam AB stock market strength indicators, traders can identify Synsam AB entry and exit signals to maximize returns
Synsam AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Synsam AB's price direction in advance. Along with the technical and fundamental analysis of Synsam Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Synsam 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 | (0.04) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.41) | |||
Treynor Ratio | (0.54) |
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Complementary Tools for Synsam Stock analysis
When running Synsam AB's price analysis, check to measure Synsam AB'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 Synsam AB is operating at the current time. Most of Synsam AB's value examination focuses on studying past and present price action to predict the probability of Synsam AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synsam AB's price. Additionally, you may evaluate how the addition of Synsam AB to your portfolios can decrease your overall portfolio volatility.
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