Wirtek AS (Denmark) Price on April 14, 2023
WIRTEK Stock | DKK 8.20 0.10 1.23% |
If you're considering investing in Wirtek Stock, it is important to understand the factors that can impact its price. As of today, the current price of Wirtek AS stands at 8.20, as last reported on the 30th of November, with the highest price reaching 8.20 and the lowest price hitting 8.20 during the day. Wirtek AS shows Sharpe Ratio of -0.0691, which attests that the company had a -0.0691% return per unit of risk over the last 3 months. Wirtek AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wirtek AS's Market Risk Adjusted Performance of 0.354, standard deviation of 2.19, and Mean Deviation of 1.6 to validate the risk estimate we provide.
Wirtek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Wirtek |
Sharpe Ratio = -0.0691
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Estimated Market Risk
2.18 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wirtek AS 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 Wirtek AS by adding Wirtek AS to a well-diversified portfolio.
Wirtek AS Valuation on April 14, 2023
It is possible to determine the worth of Wirtek AS on a given historical date. On April 14, 2023 Wirtek was worth 13.75 at the beginning of the trading date compared to the closed value of 13.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wirtek AS stock. Still, in general, we apply an absolute valuation method to find Wirtek AS'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 Wirtek AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wirtek AS's related companies.
Open | High | Low | Close | Volume | |
13.30 | 14.05 | 13.30 | 13.39 | 2,500 | |
04/14/2023 | 13.75 | 13.80 | 13.05 | 13.05 | 1,874 |
13.30 | 13.90 | 13.30 | 13.49 | 1,314 |
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Wirtek AS Trading Date Momentum on April 14, 2023
On April 17 2023 Wirtek AS was traded for 13.49 at the closing time. The highest price during the trading period was 13.90 and the lowest recorded bid was listed for 13.30 . The volume for the day was 1.3 K. This history from April 17, 2023 contributed to the next trading day price jump. The trading price change to the next closing price was 3.37% . The trading price change to the current price is 7.28% . |
Wirtek AS Fundamentals Correlations and Trends
By evaluating Wirtek AS'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 Wirtek AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wirtek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wirtek AS Stock history
Wirtek AS 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 Wirtek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wirtek AS 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 Wirtek AS stock prices may prove useful in developing a viable investing in Wirtek AS
Wirtek AS, an IT outsourcing company, provides software solutions and electronic equipment products in Denmark. The company was incorporated in 2001 and is headquartered in Aalborg, Denmark. WirTek AS operates under Information Technology Services classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 180 people.
Wirtek AS Stock Technical Analysis
Wirtek AS 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
Wirtek AS Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Wirtek AS cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
Wirtek AS November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Wirtek AS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wirtek AS shares will generate the highest return on investment. By undertsting and applying Wirtek AS stock market strength indicators, traders can identify Wirtek AS entry and exit signals to maximize returns
Wirtek AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wirtek AS's price direction in advance. Along with the technical and fundamental analysis of Wirtek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wirtek 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 | (0.05) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.55) | |||
Treynor Ratio | 0.344 |
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Complementary Tools for Wirtek Stock analysis
When running Wirtek AS's price analysis, check to measure Wirtek AS'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 Wirtek AS is operating at the current time. Most of Wirtek AS's value examination focuses on studying past and present price action to predict the probability of Wirtek AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wirtek AS's price. Additionally, you may evaluate how the addition of Wirtek AS to your portfolios can decrease your overall portfolio volatility.
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