Savola (Saudi Arabia) Price on February 8, 2023
| 2050 Stock | SAR 36.05 0.75 2.04% |
If you're considering investing in Savola Stock, it is important to understand the factors that can impact its stock price. As of today, the current price of Savola stands at 36.05, as last reported on the 3rd of October, with the highest price reaching 36.90 and the lowest price hitting 36.05 during the day. Savola Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had -0.11% of return per unit of risk over the last 3 months. Our standpoint towards measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Savola Group exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please validate Savola Risk Adjusted Performance of (0.06), variance of 5.02, and Coefficient Of Variation of (937.69) to confirm the risk estimate we provide.
Savola Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Savola |
Sharpe Ratio = -0.1066
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 2050 |
Estimated Market Risk
| 2.24 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Savola 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 Savola by adding Savola to a well-diversified portfolio.
Savola Valuation on February 8, 2023
It is possible to determine the worth of Savola on a given historical date. On February 8, 2023 Savola was worth 28.35 at the beginning of the trading date compared to the closed value of 28.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Savola stock. Still, in general, we apply an absolute valuation method to find Savola'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 Savola where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Savola's related companies.
| Open | High | Low | Close | Volume | |
| 29.25 | 29.25 | 27.72 | 27.72 | 247,250 | |
02/08/2023 | 28.35 | 29.20 | 28.10 | 28.60 | 252,480 |
| 29.30 | 29.30 | 27.52 | 27.52 | 257,970 |
| Backtest Savola | | | Savola History | | | Savola Valuation | Previous | Next |
Savola Trading Date Momentum on February 8, 2023
| On February 09 2023 Savola Group was traded for 27.52 at the closing time. The highest price during the trading period was 29.30 and the lowest recorded bid was listed for 27.52 . The volume for the day was 258 K. This history from February 9, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 3.78% . The trading price change to the current price is 0.87% . |
Savola Group Fundamentals Correlations and Trends
By evaluating Savola'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 Savola's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Savola financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Savola Stock history
Savola 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 Savola is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Savola Group 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 Savola stock prices may prove useful in developing a viable investing in Savola
Savola Group Company, through its subsidiaries, manufactures, markets, and distributes food products in the Middle East, North Africa, and Turkey region. The company was founded in 1978 and is headquartered in Jeddah, the Kingdom of Saudi Arabia. SAVOLA is traded on Commodity Exchange in Exotistan.
Savola Stock Technical Analysis
Savola 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
Savola Period Price Range
Low | February 8, 2023 | High |
28.35 | 28.60 |
| 0.25 | 0.88% |
Savola October 3, 2023 Market Strength
Market strength indicators help investors to evaluate how Savola stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Savola shares will generate the highest return on investment. By undertsting and applying Savola stock market strength indicators, traders can identify Savola Group entry and exit signals to maximize returns
| Accumulation Distribution | 9511.23 | |||
| Daily Balance Of Power | 0.2273 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 28.65 | |||
| Day Typical Price | 28.63 | |||
| Price Action Indicator | 0.075 | |||
| Period Momentum Indicator | 7.45 |
Savola Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Savola stock's direction in advance. Along with the technical and fundamental analysis of Savola Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Savola 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 stock 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 | (0.040668) | |||
| Treynor Ratio | (1.19) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Savola Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Savola Stock analysis
When running Savola's price analysis, check to measure Savola'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 Savola is operating at the current time. Most of Savola's value examination focuses on studying past and present price action to predict the probability of Savola's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Savola's price. Additionally, you may evaluate how the addition of Savola to your portfolios can decrease your overall portfolio volatility.
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