Transtema Group (Sweden) Price on October 22, 2024
| TRANS Stock | SEK 15.54 0.42 2.78% |
If you're considering investing in Transtema Stock, it is important to understand the factors that can impact its price. As of today, the current price of Transtema Group stands at 15.54, as last reported on the 24th of November, with the highest price reaching 15.68 and the lowest price hitting 14.92 during the day. Transtema Group AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.041, which indicates the firm had a -0.041% return per unit of risk over the last 3 months. Transtema Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transtema Group's Variance of 5.06, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,595) to confirm the risk estimate we provide.
Transtema Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Transtema |
Sharpe Ratio = -0.041
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Estimated Market Risk
| 2.25 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Transtema Group 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 Transtema Group by adding Transtema Group to a well-diversified portfolio.
Transtema Group Valuation on October 22, 2024
It is possible to determine the worth of Transtema Group on a given historical date. On October 22, 2024 Transtema was worth 15.8 at the beginning of the trading date compared to the closed value of 15.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Transtema Group stock. Still, in general, we apply an absolute valuation method to find Transtema 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 Transtema Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Transtema Group's related companies.
| Open | High | Low | Close | Volume | |
| 15.16 | 15.80 | 15.12 | 15.70 | 26,964 | |
10/22/2024 | 15.80 | 15.80 | 15.20 | 15.30 | 27,076 |
| 15.24 | 15.64 | 15.14 | 15.32 | 14,201 |
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Transtema Group Trading Date Momentum on October 22, 2024
| On October 23 2024 Transtema Group AB was traded for 15.32 at the closing time. The highest price during the trading period was 15.64 and the lowest recorded bid was listed for 15.14 . The volume for the day was 14.2 K. This history from October 23, 2024 contributed to the next trading day price appreciation. The trading price change to the next closing price was 0.13% . The trading price change to the current price is 2.09% . |
Transtema Group AB Fundamentals Correlations and Trends
By evaluating Transtema 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 Transtema Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Transtema financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Transtema Group Stock history
Transtema 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 Transtema is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Transtema 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 Transtema Group stock prices may prove useful in developing a viable investing in Transtema Group
Transtema Group Stock Technical Analysis
Transtema 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
Transtema Group Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
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Transtema Group November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Transtema 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 Transtema Group shares will generate the highest return on investment. By undertsting and applying Transtema Group stock market strength indicators, traders can identify Transtema Group AB entry and exit signals to maximize returns
Transtema Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Transtema Group's price direction in advance. Along with the technical and fundamental analysis of Transtema Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Transtema 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 | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.23) |
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Additional Tools for Transtema Stock Analysis
When running Transtema Group's price analysis, check to measure Transtema 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 Transtema Group is operating at the current time. Most of Transtema Group's value examination focuses on studying past and present price action to predict the probability of Transtema 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 Transtema Group's price. Additionally, you may evaluate how the addition of Transtema Group to your portfolios can decrease your overall portfolio volatility.