Zignsec AB (Sweden) Price on May 31, 2023
| ZIGN Stock | SEK 1.36 0.02 1.45% |
If you're considering investing in Zignsec Stock, it is important to understand the factors that can impact its price. As of today, the current price of Zignsec AB stands at 1.36, as last reported on the 30th of November, with the highest price reaching 1.36 and the lowest price hitting 1.36 during the day. Zignsec AB is out of control given 3 months investment horizon. Zignsec AB shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.52% are justified by taking the suggested risk. Use Zignsec AB Mean Deviation of 3.46, market risk adjusted performance of (0.33), and Downside Deviation of 2.77 to evaluate company specific risk that cannot be diversified away.
Zignsec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Zignsec |
Sharpe Ratio = 0.128
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Estimated Market Risk
| 11.91 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.52 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Zignsec AB is performing at about 10% 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 Zignsec AB by adding it to a well-diversified portfolio.
Zignsec AB Valuation on May 31, 2023
It is possible to determine the worth of Zignsec AB on a given historical date. On May 31, 2023 Zignsec was worth 2.0 at the beginning of the trading date compared to the closed value of 1.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zignsec AB stock. Still, in general, we apply an absolute valuation method to find Zignsec AB'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 Zignsec AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zignsec AB's related companies.
| Open | High | Low | Close | Volume | |
| 2.10 | 2.10 | 1.90 | 1.90 | 36,398 | |
05/31/2023 | 2.00 | 2.00 | 1.70 | 1.74 | 110,538 |
| 1.76 | 1.76 | 1.58 | 1.61 | 233,685 |
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Zignsec AB Trading Date Momentum on May 31, 2023
| On June 01 2023 Zignsec AB was traded for 1.61 at the closing time. The highest price during the trading period was 1.76 and the lowest recorded bid was listed for 1.58 . The volume for the day was 233.7 K. This history from June 1, 2023 contributed to the next trading day price decline. The trading date delta to the next closing price was 7.47% . The trading date delta to the current price is 9.20% . |
Zignsec AB Fundamentals Correlations and Trends
By evaluating Zignsec AB'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 Zignsec AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zignsec financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zignsec AB Stock history
Zignsec AB 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 Zignsec is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zignsec 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 Zignsec AB stock prices may prove useful in developing a viable investing in Zignsec AB
ZignSec AB operates an identity service platform for companies to identify their customers digitally in real-time. The company was founded in 2015 and is based in Solna, Sweden. ZignSec AB is traded on Stockholm Stock Exchange in Sweden.
Zignsec AB Stock Technical Analysis
Zignsec AB 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
Zignsec AB Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Zignsec 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.
Zignsec AB November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Zignsec AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zignsec AB shares will generate the highest return on investment. By undertsting and applying Zignsec AB stock market strength indicators, traders can identify Zignsec AB entry and exit signals to maximize returns
Zignsec AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zignsec AB's price direction in advance. Along with the technical and fundamental analysis of Zignsec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zignsec 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 | 0.1029 | |||
| Jensen Alpha | 2.0 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.4781 | |||
| Treynor Ratio | (0.34) |
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Additional Tools for Zignsec Stock Analysis
When running Zignsec AB's price analysis, check to measure Zignsec AB'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 Zignsec AB is operating at the current time. Most of Zignsec AB's value examination focuses on studying past and present price action to predict the probability of Zignsec AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zignsec AB's price. Additionally, you may evaluate how the addition of Zignsec AB to your portfolios can decrease your overall portfolio volatility.