Storebrand Indeks (Denmark) Price on March 20, 2024
STIIAM Stock | DKK 1,776 0.20 0.01% |
If you're considering investing in Storebrand Stock, it is important to understand the factors that can impact its price. As of today, the current price of Storebrand Indeks stands at 1,776, as last reported on the 1st of May, with the highest price reaching 1,784 and the lowest price hitting 1,776 during the day. We consider Storebrand Indeks very steady. Storebrand Indeks owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Storebrand Indeks , which you can use to evaluate the volatility of the company. Please validate Storebrand Indeks' Risk Adjusted Performance of 0.1089, semi deviation of 0.4823, and Coefficient Of Variation of 588.58 to confirm if the risk estimate we provide is consistent with the expected return of 0.0951%.
Storebrand Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Storebrand |
Sharpe Ratio = 0.1475
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Estimated Market Risk
0.65 actual daily | 5 95% of assets are more volatile |
Expected Return
0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Storebrand Indeks is performing at about 11% 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 Storebrand Indeks by adding it to a well-diversified portfolio.
Storebrand Indeks Valuation on March 20, 2024
It is possible to determine the worth of Storebrand Indeks on a given historical date. On March 20, 2024 Storebrand was worth 1766.0 at the beginning of the trading date compared to the closed value of 1771.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Storebrand Indeks stock. Still, in general, we apply an absolute valuation method to find Storebrand Indeks' 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 Storebrand Indeks where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Storebrand Indeks' related companies.
Open | High | Low | Close | Volume | |
1,762 | 1,762 | 1,754 | 1,760 | 335.00 | |
03/20/2024 | 1,766 | 1,774 | 1,766 | 1,771 | 136.00 |
1,784 | 1,790 | 1,784 | 1,789 | 129.00 |
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Storebrand Indeks Trading Date Momentum on March 20, 2024
On March 21 2024 Storebrand Indeks was traded for 1,789 at the closing time. The highest price during the trading period was 1,790 and the lowest recorded bid was listed for 1,784 . The volume for the day was 129. This history from March 21, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 0.99% . The trading price change to the current price is 1.82% . |
About Storebrand Indeks Stock history
Storebrand Indeks 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 Storebrand is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Storebrand Indeks 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 Storebrand Indeks stock prices may prove useful in developing a viable investing in Storebrand Indeks
Storebrand Indeks Stock Technical Analysis
Storebrand Indeks 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
Storebrand Indeks Period Price Range
Low | March 20, 2024
| High |
1,766 | 1,771 |
Storebrand Indeks May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Storebrand Indeks stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Storebrand Indeks shares will generate the highest return on investment. By undertsting and applying Storebrand Indeks stock market strength indicators, traders can identify Storebrand Indeks entry and exit signals to maximize returns
Storebrand Indeks Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Storebrand Indeks' price direction in advance. Along with the technical and fundamental analysis of Storebrand Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Storebrand 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 | 0.1089 | |||
Jensen Alpha | 0.0987 | |||
Total Risk Alpha | 0.0493 | |||
Sortino Ratio | 0.0722 | |||
Treynor Ratio | (58.01) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Storebrand Indeks . Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Storebrand Indeks information on this page should be used as a complementary analysis to other Storebrand Indeks' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Storebrand Stock analysis
When running Storebrand Indeks' price analysis, check to measure Storebrand Indeks' 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 Storebrand Indeks is operating at the current time. Most of Storebrand Indeks' value examination focuses on studying past and present price action to predict the probability of Storebrand Indeks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Storebrand Indeks' price. Additionally, you may evaluate how the addition of Storebrand Indeks to your portfolios can decrease your overall portfolio volatility.
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