AB Volvo (Sweden) Price on September 20, 2023
VOLV-A Stock | SEK 268.40 1.80 0.67% |
If you're considering investing in VOLV-A Stock, it is important to understand the factors that can impact its price. As of today, the current price of AB Volvo stands at 268.40, as last reported on the 26th of November, with the highest price reaching 269.80 and the lowest price hitting 264.80 during the day. AB Volvo retains Efficiency (Sharpe Ratio) of -0.003, which signifies that the company had a -0.003% return per unit of price deviation over the last 3 months. AB Volvo exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AB Volvo's Market Risk Adjusted Performance of (0.03), information ratio of (0.09), and Variance of 1.91 to double-check the risk estimate we provide.
VOLV-A Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
VOLV-A |
Sharpe Ratio = -0.003
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Estimated Market Risk
1.39 actual daily | 12 88% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average AB Volvo 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 Volvo by adding AB Volvo to a well-diversified portfolio.
AB Volvo Valuation on September 20, 2023
It is possible to determine the worth of AB Volvo on a given historical date. On September 20, 2023 VOLV-A was worth 224.8 at the beginning of the trading date compared to the closed value of 226.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AB Volvo stock. Still, in general, we apply an absolute valuation method to find AB Volvo'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 Volvo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AB Volvo's related companies.
Open | High | Low | Close | Volume | |
224.60 | 226.93 | 224.02 | 224.60 | 84,300 | |
09/20/2023 | 224.80 | 227.31 | 224.60 | 226.35 | 99,219 |
225.38 | 227.89 | 224.80 | 226.35 | 104,943 |
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AB Volvo Trading Date Momentum on September 20, 2023
On September 21 2023 AB Volvo was traded for 226.35 at the closing time. The highest price during the trading period was 227.89 and the lowest recorded bid was listed for 224.80 . The volume for the day was 104.9 K. This history from September 21, 2023 did not affect price variability. The overall trading delta to the current price is 2.73% . |
AB Volvo Fundamentals Correlations and Trends
By evaluating AB Volvo'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 Volvo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. VOLV-A financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AB Volvo Stock history
AB Volvo 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 VOLV-A is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AB Volvo 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 Volvo stock prices may prove useful in developing a viable investing in AB Volvo
AB Volvo , together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. AB Volvo was incorporated in 1915 and is headquartered in Gothenburg, Sweden. Volvo AB is traded on Stockholm Stock Exchange in Sweden.
AB Volvo Stock Technical Analysis
AB Volvo 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 Volvo Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
AB Volvo 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 Volvo November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how AB Volvo 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 Volvo shares will generate the highest return on investment. By undertsting and applying AB Volvo stock market strength indicators, traders can identify AB Volvo entry and exit signals to maximize returns
AB Volvo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AB Volvo's price direction in advance. Along with the technical and fundamental analysis of VOLV-A Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of VOLV-A 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 | 0.0034 | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | (0.04) |
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Complementary Tools for VOLV-A Stock analysis
When running AB Volvo's price analysis, check to measure AB Volvo'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 Volvo is operating at the current time. Most of AB Volvo's value examination focuses on studying past and present price action to predict the probability of AB Volvo'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 Volvo's price. Additionally, you may evaluate how the addition of AB Volvo to your portfolios can decrease your overall portfolio volatility.
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