Salzgitter (Germany) Price on July 9, 2024
| SZG Stock | 17.34 0.53 2.97% |
If you're considering investing in Salzgitter Stock, it is important to understand the factors that can impact its price. As of today, the current price of Salzgitter stands at 17.34, as last reported on the 12th of December 2024, with the highest price reaching 17.53 and the lowest price hitting 17.19 during the day. Salzgitter appears to be somewhat reliable, given 3 months investment horizon. Salzgitter AG owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0682, which indicates the firm had a 0.0682% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Salzgitter AG, which you can use to evaluate the volatility of the company. Please review Salzgitter's Risk Adjusted Performance of 0.0686, coefficient of variation of 1205.54, and Semi Deviation of 2.54 to confirm if our risk estimates are consistent with your expectations.
Salzgitter Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Salzgitter |
Sharpe Ratio = 0.0682
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Estimated Market Risk
| 5.5 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Salzgitter is performing at about 5% of its full potential. 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 Salzgitter by adding it to a well-diversified portfolio.
Salzgitter Valuation on July 9, 2024
It is possible to determine the worth of Salzgitter on a given historical date. On July 9, 2024 Salzgitter was worth 18.31 at the beginning of the trading date compared to the closed value of 17.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Salzgitter stock. Still, in general, we apply an absolute valuation method to find Salzgitter'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 Salzgitter where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Salzgitter's related companies.
| Open | High | Low | Close | Volume | |
| 18.72 | 18.94 | 18.30 | 18.31 | 67,343 | |
07/09/2024 | 18.31 | 18.40 | 17.82 | 17.90 | 92,331 |
| 17.98 | 18.35 | 17.69 | 18.07 | 132,451 |
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Salzgitter Trading Date Momentum on July 9, 2024
| On July 10 2024 Salzgitter AG was traded for 18.07 at the closing time. The highest price during the trading period was 18.35 and the lowest recorded bid was listed for 17.69 . The volume for the day was 132.5 K. This history from July 10, 2024 contributed to the next trading day price appreciation. The trading price change to the next closing price was 0.95% . The trading price change to the current price is 4.47% . |
Salzgitter AG Fundamentals Correlations and Trends
By evaluating Salzgitter'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 Salzgitter's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Salzgitter financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Salzgitter Stock history
Salzgitter 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 Salzgitter is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Salzgitter AG 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 Salzgitter stock prices may prove useful in developing a viable investing in Salzgitter
Salzgitter Stock Technical Analysis
Salzgitter 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
Salzgitter Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
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Salzgitter December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Salzgitter stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Salzgitter shares will generate the highest return on investment. By undertsting and applying Salzgitter stock market strength indicators, traders can identify Salzgitter AG entry and exit signals to maximize returns
Salzgitter Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Salzgitter's price direction in advance. Along with the technical and fundamental analysis of Salzgitter Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Salzgitter 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 | 0.0686 | |||
| Jensen Alpha | 0.5495 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.1062 | |||
| Treynor Ratio | (0.46) |
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Additional Tools for Salzgitter Stock Analysis
When running Salzgitter's price analysis, check to measure Salzgitter'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 Salzgitter is operating at the current time. Most of Salzgitter's value examination focuses on studying past and present price action to predict the probability of Salzgitter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Salzgitter's price. Additionally, you may evaluate how the addition of Salzgitter to your portfolios can decrease your overall portfolio volatility.