AB Traction (Sweden) Price on April 24, 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 Coefficient Of Variation of 21032.91, standard deviation of 1.65, and Market Risk Adjusted Performance of 0.0183 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.
TRAC-B |
Sharpe Ratio = -0.0056
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TRAC-B |
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 24, 2024
It is possible to determine the worth of AB Traction on a given historical date. On April 24, 2024 TRAC-B was worth 250.26 at the beginning of the trading date compared to the closed value of 250.26. 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 | |
| 244.49 | 249.30 | 242.56 | 246.41 | 1,360 | |
04/24/2024 | 250.26 | 252.19 | 247.37 | 250.26 | 1,475 |
| 255.07 | 259.89 | 250.26 | 250.26 | 691.00 |
| Backtest AB Traction | | | AB Traction History | | | AB Traction Valuation | Previous | Next |
AB Traction Trading Date Momentum on April 24, 2024
| On April 25 2024 AB Traction was traded for 250.26 at the closing time. The highest price during the trading period was 259.89 and the lowest recorded bid was listed for 250.26 . The volume for the day was 691. This history from April 25, 2024 did not affect price variability. The overall trading delta to the current price is 8.69% . |
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.
Price Boundaries
AB Traction Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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.
| Risk Adjusted Performance | 0.0091 | |||
| Jensen Alpha | 0.0272 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0083 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Stocks Directory Find actively traded stocks across global markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |