Volvo Car (Sweden) Price on October 22, 2024
VOLCAR-B | 23.00 0.45 1.92% |
If you're considering investing in Volvo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Volvo Car stands at 23.00, as last reported on the 28th of November, with the highest price reaching 23.61 and the lowest price hitting 22.93 during the day. Volvo Car AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Volvo Car AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Volvo Car's Variance of 10.47, coefficient of variation of (1,151), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide.
Volvo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Volvo |
Sharpe Ratio = -0.101
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Estimated Market Risk
3.26 actual daily | 29 71% of assets are more volatile |
Expected Return
-0.33 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Volvo Car 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 Volvo Car by adding Volvo Car to a well-diversified portfolio.
Volvo Car Valuation on October 22, 2024
It is possible to determine the worth of Volvo Car on a given historical date. On October 22, 2024 Volvo was worth 23.53 at the beginning of the trading date compared to the closed value of 23.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Volvo Car stock. Still, in general, we apply an absolute valuation method to find Volvo Car'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 Volvo Car where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Volvo Car's related companies.
Open | High | Low | Close | Volume | |
23.46 | 23.90 | 23.30 | 23.47 | 3,203,199 | |
10/22/2024 | 23.53 | 24.15 | 23.35 | 23.89 | 6,854,056 |
23.82 | 24.67 | 22.44 | 22.49 | 14,234,825 |
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Volvo Car Trading Date Momentum on October 22, 2024
On October 23 2024 Volvo Car AB was traded for 22.49 at the closing time. The highest price during the trading period was 24.67 and the lowest recorded bid was listed for 22.44 . The volume for the day was 14.2 M. This history from October 23, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 5.86% . The trading price change to the current price is 4.02% . |
Volvo Car AB Fundamentals Correlations and Trends
By evaluating Volvo Car'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 Volvo Car's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Volvo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Volvo Car Stock history
Volvo Car 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 Volvo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Volvo Car 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 Volvo Car stock prices may prove useful in developing a viable investing in Volvo Car
Volvo Car Stock Technical Analysis
Volvo Car 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
Volvo Car Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Volvo Car 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.
Volvo Car November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Volvo Car stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Volvo Car shares will generate the highest return on investment. By undertsting and applying Volvo Car stock market strength indicators, traders can identify Volvo Car AB entry and exit signals to maximize returns
Volvo Car Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Volvo Car's price direction in advance. Along with the technical and fundamental analysis of Volvo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Volvo 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 | (0.06) | |||
Jensen Alpha | (0.24) | |||
Total Risk Alpha | (0.78) | |||
Treynor Ratio | 0.6233 |
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Complementary Tools for Volvo Stock analysis
When running Volvo Car's price analysis, check to measure Volvo Car'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 Volvo Car is operating at the current time. Most of Volvo Car's value examination focuses on studying past and present price action to predict the probability of Volvo Car's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Volvo Car's price. Additionally, you may evaluate how the addition of Volvo Car to your portfolios can decrease your overall portfolio volatility.
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