Tubacex SA (Spain) Price on October 17, 2024
| TUB Stock | EUR 3.30 0.07 2.08% |
If you're considering investing in Tubacex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tubacex SA stands at 3.30, as last reported on the 27th of November, with the highest price reaching 3.35 and the lowest price hitting 3.29 during the day. At this point, Tubacex SA is slightly risky. Tubacex SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tubacex SA, which you can use to evaluate the volatility of the company. Please validate Tubacex SA's Semi Deviation of 1.13, risk adjusted performance of 0.1038, and Coefficient Of Variation of 779.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
Tubacex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tubacex |
Sharpe Ratio = 0.1051
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Estimated Market Risk
| 1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Tubacex SA is performing at about 8% 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 Tubacex SA by adding it to a well-diversified portfolio.
Tubacex SA Valuation on October 17, 2024
It is possible to determine the worth of Tubacex SA on a given historical date. On October 17, 2024 Tubacex was worth 3.42 at the beginning of the trading date compared to the closed value of 3.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tubacex SA stock. Still, in general, we apply an absolute valuation method to find Tubacex SA'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 Tubacex SA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tubacex SA's related companies.
| Open | High | Low | Close | Volume | |
| 3.43 | 3.46 | 3.42 | 3.43 | 128,711 | |
10/17/2024 | 3.42 | 3.44 | 3.40 | 3.40 | 160,096 |
| 3.40 | 3.43 | 3.31 | 3.32 | 252,272 |
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Tubacex SA Trading Date Momentum on October 17, 2024
| On October 18 2024 Tubacex SA was traded for 3.32 at the closing time. The maximum traded price for the trading interval was 3.43 and the lowest daily price was 3.31 . The daily volume was recorded at 252.3 K. The volume of trading on 18th of October 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 2.35% . The trading price change to the closing price today is 0.59% . |
Tubacex SA Fundamentals Correlations and Trends
By evaluating Tubacex SA'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 Tubacex SA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tubacex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tubacex SA Stock history
Tubacex SA 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 Tubacex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tubacex SA 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 Tubacex SA stock prices may prove useful in developing a viable investing in Tubacex SA
Tubacex, S.A., together with its subsidiaries, manufactures and sells stainless steel and high-nickel alloy tubes and pipes worldwide. The company was founded in 1963 and is headquartered in Llodio, Spain. TUBACEX S operates under Steel classification in Spain and is traded on Madrid SE C.A.T.S.. It employs 2453 people.
Tubacex SA Stock Technical Analysis
Tubacex SA 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
Tubacex SA Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Tubacex SA cannot be verified against its exchange. Please verify the symbol is currently traded on Madrid 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.
Tubacex SA November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Tubacex SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tubacex SA shares will generate the highest return on investment. By undertsting and applying Tubacex SA stock market strength indicators, traders can identify Tubacex SA entry and exit signals to maximize returns
Tubacex SA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tubacex SA's price direction in advance. Along with the technical and fundamental analysis of Tubacex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tubacex 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 | 0.1038 | |||
| Jensen Alpha | 0.1103 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0709 | |||
| Treynor Ratio | 0.2408 |
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| Volume Indicators |
Complementary Tools for Tubacex Stock analysis
When running Tubacex SA's price analysis, check to measure Tubacex SA'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 Tubacex SA is operating at the current time. Most of Tubacex SA's value examination focuses on studying past and present price action to predict the probability of Tubacex SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tubacex SA's price. Additionally, you may evaluate how the addition of Tubacex SA to your portfolios can decrease your overall portfolio volatility.
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