Tessenderlo (Belgium) Price on March 26, 2024
| TESB Stock | EUR 21.70 0.85 3.77% |
If you're considering investing in Tessenderlo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tessenderlo stands at 21.70, as last reported on the 23rd of November, with the highest price reaching 22.45 and the lowest price hitting 21.50 during the day. Tessenderlo owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Tessenderlo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tessenderlo's Risk Adjusted Performance of (0.08), coefficient of variation of (889.03), and Variance of 1.46 to confirm the risk estimate we provide.
Tessenderlo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tessenderlo |
Sharpe Ratio = -0.1296
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Estimated Market Risk
| 1.2 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tessenderlo 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 Tessenderlo by adding Tessenderlo to a well-diversified portfolio.
Tessenderlo Valuation on March 26, 2024
It is possible to determine the worth of Tessenderlo on a given historical date. On March 26, 2024 Tessenderlo was worth 25.66 at the beginning of the trading date compared to the closed value of 25.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tessenderlo stock. Still, in general, we apply an absolute valuation method to find Tessenderlo'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 Tessenderlo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tessenderlo's related companies.
| Open | High | Low | Close | Volume | |
| 25.07 | 25.75 | 25.07 | 25.51 | 11,734 | |
03/26/2024 | 25.66 | 26.10 | 25.46 | 25.85 | 23,836 |
| 23.99 | 24.19 | 22.77 | 23.94 | 136,338 |
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Tessenderlo Trading Date Momentum on March 26, 2024
| On March 27 2024 Tessenderlo was traded for 23.94 at the closing time. The highest price during the trading period was 24.19 and the lowest recorded bid was listed for 22.77 . The volume for the day was 136.3 K. This history from March 27, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 7.39% . The trading price change to the current price is 7.58% . |
Tessenderlo Fundamentals Correlations and Trends
By evaluating Tessenderlo'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 Tessenderlo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tessenderlo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tessenderlo Stock history
Tessenderlo 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 Tessenderlo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tessenderlo 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 Tessenderlo stock prices may prove useful in developing a viable investing in Tessenderlo
Tessenderlo Group NV, together with its subsidiaries, engages in the agriculture, valorizing bio-residuals, energy, and industrial solution businesses worldwide. The company was founded in 1919 and is headquartered in Brussels, Belgium. TESSENDERLO operates under Agricultural Inputs classification in Belgium and is traded on Brussels Stock Exchange. It employs 4838 people.
Tessenderlo Stock Technical Analysis
Tessenderlo 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
Tessenderlo Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Tessenderlo cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Brussels. 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.
Tessenderlo November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Tessenderlo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tessenderlo shares will generate the highest return on investment. By undertsting and applying Tessenderlo stock market strength indicators, traders can identify Tessenderlo entry and exit signals to maximize returns
Tessenderlo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tessenderlo's price direction in advance. Along with the technical and fundamental analysis of Tessenderlo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tessenderlo 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 | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.85) |
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Additional Tools for Tessenderlo Stock Analysis
When running Tessenderlo's price analysis, check to measure Tessenderlo'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 Tessenderlo is operating at the current time. Most of Tessenderlo's value examination focuses on studying past and present price action to predict the probability of Tessenderlo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tessenderlo's price. Additionally, you may evaluate how the addition of Tessenderlo to your portfolios can decrease your overall portfolio volatility.