Fastenal (Germany) Price on September 19, 2018

FAS Stock  EUR 71.10  0.10  0.14%   
If you're considering investing in Fastenal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fastenal stands at 71.10, as last reported on the 29th of March, with the highest price reaching 71.10 and the lowest price hitting 70.85 during the day. Fastenal appears to be very steady, given 3 months investment horizon. Fastenal secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the company had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fastenal Company, which you can use to evaluate the volatility of the firm. Please utilize Fastenal's Downside Deviation of 0.9321, mean deviation of 0.9004, and Coefficient Of Variation of 424.49 to check if our risk estimates are consistent with your expectations.
  
Fastenal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2434

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Estimated Market Risk

 1.32
  actual daily
11
89% of assets are more volatile

Expected Return

 0.32
  actual daily
6
94% of assets have higher returns

Risk-Adjusted Return

 0.24
  actual daily
18
82% of assets perform better
Based on monthly moving average Fastenal is performing at about 18% 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 Fastenal by adding it to a well-diversified portfolio.

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

About Fastenal Stock history

Fastenal 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 Fastenal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fastenal 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 Fastenal stock prices may prove useful in developing a viable investing in Fastenal
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota. FASTENAL operates under Industrial Distribution classification in Germany and is traded on Frankfurt Stock Exchange. It employs 17860 people.

Fastenal Stock Technical Analysis

Fastenal 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.
A focus of Fastenal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fastenal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fastenal Period Price Range

Fastenal March 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Fastenal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fastenal shares will generate the highest return on investment. By undertsting and applying Fastenal stock market strength indicators, traders can identify Fastenal Company entry and exit signals to maximize returns

Fastenal Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fastenal's price direction in advance. Along with the technical and fundamental analysis of Fastenal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fastenal 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.
When determining whether Fastenal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fastenal Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fastenal Company Stock. Highlighted below are key reports to facilitate an investment decision about Fastenal Company Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Fastenal Stock analysis

When running Fastenal's price analysis, check to measure Fastenal'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 Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Fastenal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fastenal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fastenal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.