AB Traction (Sweden) Price on April 23, 2024

TRAC-B Stock  SEK 267.00  1.00  0.37%   
If you're considering investing in TRAC-B Stock, it is important to understand the factors that can impact its price. As of today, the current price of AB Traction stands at 267.00, as last reported on the 11th of December 2024, with the highest price reaching 273.00 and the lowest price hitting 266.00 during the day. AB Traction retains Efficiency (Sharpe Ratio) of -0.0056, which signifies that the company had a -0.0056% return per unit of price deviation over the last 3 months. AB Traction exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AB Traction's Market Risk Adjusted Performance of 0.0183, coefficient of variation of 21032.91, and Standard Deviation of 1.65 to double-check the risk estimate we provide.
  
TRAC-B Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0056

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Estimated Market Risk

 1.68
  actual daily
14
86% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average AB Traction 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 AB Traction by adding AB Traction to a well-diversified portfolio.

AB Traction Valuation on April 23, 2024

It is possible to determine the worth of AB Traction on a given historical date. On April 23, 2024 TRAC-B was worth 244.49 at the beginning of the trading date compared to the closed value of 246.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AB Traction stock. Still, in general, we apply an absolute valuation method to find AB Traction'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 AB Traction where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AB Traction's related companies.
 Open High Low Close Volume
  245.45    252.19    243.52    244.49    847.00  
04/23/2024
  244.49    249.30    242.56    246.41    1,360  
  250.26    252.19    247.37    250.26    1,475  
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Open Value
244.49
239.46
Downside
246.41
Closing Value
249.52
Upside

AB Traction Trading Date Momentum on April 23, 2024

On April 24 2024 AB Traction was traded for  250.26  at the closing time. The highest price during the trading period was 252.19  and the lowest recorded bid was listed for  247.37 . The volume for the day was 1.5 K. This history from April 24, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 1.56% . The overall trading delta to the current price is 12.82% .

AB Traction Fundamentals Correlations and Trends

By evaluating AB Traction'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 AB Traction's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TRAC-B financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About AB Traction Stock history

AB Traction 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 TRAC-B is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AB Traction 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 AB Traction stock prices may prove useful in developing a viable investing in AB Traction
AB Traction is a private equity firm specializing in buyouts, PIPES, and restructurings. AB Traction was founded in 1974 and is based in Stockholm, Sweden. Traction is traded on Stockholm Stock Exchange in Sweden.

AB Traction Stock Technical Analysis

AB Traction 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.
A focus of AB Traction technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AB Traction trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

AB Traction Period Price Range

Low
December 11, 2024
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High

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AB Traction 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.

AB Traction December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how AB Traction stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AB Traction shares will generate the highest return on investment. By undertsting and applying AB Traction stock market strength indicators, traders can identify AB Traction entry and exit signals to maximize returns

AB Traction Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for AB Traction's price direction in advance. Along with the technical and fundamental analysis of TRAC-B Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TRAC-B 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.

Complementary Tools for TRAC-B Stock analysis

When running AB Traction's price analysis, check to measure AB Traction'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 AB Traction is operating at the current time. Most of AB Traction's value examination focuses on studying past and present price action to predict the probability of AB Traction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AB Traction's price. Additionally, you may evaluate how the addition of AB Traction to your portfolios can decrease your overall portfolio volatility.
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