Thule Group (Sweden) Price on February 19, 2024
| THULE Stock | SEK 365.00 0.80 0.22% |
If you're considering investing in Thule Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thule Group stands at 365.00, as last reported on the 11th of December 2024, with the highest price reaching 366.40 and the lowest price hitting 359.60 during the day. Thule Group appears to be very steady, given 3 months investment horizon. Thule Group AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thule Group AB, which you can use to evaluate the volatility of the company. Please review Thule Group's Risk Adjusted Performance of 0.1092, coefficient of variation of 709.29, and Semi Deviation of 1.76 to confirm if our risk estimates are consistent with your expectations.
Thule Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thule |
Sharpe Ratio = 0.154
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Estimated Market Risk
| 2.7 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average Thule Group is performing at about 12% 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 Thule Group by adding it to a well-diversified portfolio.
Thule Group Valuation on February 19, 2024
It is possible to determine the worth of Thule Group on a given historical date. On February 19, 2024 Thule was worth 286.83 at the beginning of the trading date compared to the closed value of 282.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thule Group stock. Still, in general, we apply an absolute valuation method to find Thule Group'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 Thule Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thule Group's related companies.
| Open | High | Low | Close | Volume | |
| 289.64 | 290.90 | 287.22 | 289.16 | 128,936 | |
02/19/2024 | 286.83 | 287.70 | 281.02 | 282.37 | 113,174 |
| 280.24 | 282.08 | 275.59 | 276.27 | 232,151 |
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Thule Group Trading Date Momentum on February 19, 2024
| On February 20 2024 Thule Group AB was traded for 276.27 at the closing time. The highest price during the trading period was 282.08 and the lowest recorded bid was listed for 275.59 . The volume for the day was 232.2 K. This history from February 20, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 2.16% . The trading price change to the current price is 2.23% . |
Thule Group AB Fundamentals Correlations and Trends
By evaluating Thule Group'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 Thule Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thule financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thule Group Stock history
Thule Group 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 Thule is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thule Group 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 Thule Group stock prices may prove useful in developing a viable investing in Thule Group
Thule Group AB operates in the sports and outdoor sector worldwide. Thule Group AB was founded in 1942 and is headquartered in Malm, Sweden. Thule Group operates under Sports Equipment Manufacturers And Retailers classification in Sweden and is traded on Stockholm Stock Exchange. It employs 2300 people.
Thule Group Stock Technical Analysis
Thule Group 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
Thule Group Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Thule Group AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
Thule Group December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Thule Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thule Group shares will generate the highest return on investment. By undertsting and applying Thule Group stock market strength indicators, traders can identify Thule Group AB entry and exit signals to maximize returns
Thule Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thule Group's price direction in advance. Along with the technical and fundamental analysis of Thule Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thule 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 | 0.1092 | |||
| Jensen Alpha | 0.3679 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1215 | |||
| Treynor Ratio | 6.99 |
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Additional Tools for Thule Stock Analysis
When running Thule Group's price analysis, check to measure Thule Group'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 Thule Group is operating at the current time. Most of Thule Group's value examination focuses on studying past and present price action to predict the probability of Thule Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thule Group's price. Additionally, you may evaluate how the addition of Thule Group to your portfolios can decrease your overall portfolio volatility.