Absolent Group (Sweden) Price on November 25, 2024
| ABSO Stock | SEK 249.00 8.00 3.32% |
If you're considering investing in Absolent Stock, it is important to understand the factors that can impact its price. As of today, the current price of Absolent Group stands at 249.00, as last reported on the 11th of December 2024, with the highest price reaching 250.00 and the lowest price hitting 244.00 during the day. Absolent Group AB secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. Absolent Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Absolent Group's Risk Adjusted Performance of (0.12), mean deviation of 1.39, and Standard Deviation of 1.84 to double-check the risk estimate we provide.
Absolent Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Absolent |
Sharpe Ratio = -0.1825
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Estimated Market Risk
| 1.86 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Absolent Group 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 Absolent Group by adding Absolent Group to a well-diversified portfolio.
Absolent Group Valuation on November 25, 2024
It is possible to determine the worth of Absolent Group on a given historical date. On November 25, 2024 Absolent was worth 231.0 at the beginning of the trading date compared to the closed value of 232.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Absolent Group stock. Still, in general, we apply an absolute valuation method to find Absolent Group'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 Absolent Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Absolent Group's related companies.
| Open | High | Low | Close | Volume | |
| 243.00 | 243.00 | 234.00 | 234.00 | 943.00 | |
11/25/2024 | 231.00 | 238.00 | 231.00 | 232.00 | 1,558 |
| 232.00 | 237.00 | 221.00 | 227.00 | 4,223 |
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Absolent Group Trading Date Momentum on November 25, 2024
| On November 26 2024 Absolent Group AB was traded for 227.00 at the closing time. The highest price during the trading period was 237.00 and the lowest recorded bid was listed for 221.00 . The volume for the day was 4.2 K. This history from November 26, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.16% . The overall trading delta to the current price is 2.16% . |
Absolent Group AB Fundamentals Correlations and Trends
By evaluating Absolent Group'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 Absolent Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Absolent financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Absolent Group Stock history
Absolent Group 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 Absolent is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Absolent Group 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 Absolent Group stock prices may prove useful in developing a viable investing in Absolent Group
Absolent Group AB develops, manufactures, and sells filtration technology worldwide. Absolent Group AB is a subsidiary of Melker Schrling AB. Absolent Group operates under Industrial Equipment And Light Machinery classification in Sweden and is traded on Stockholm Stock Exchange.
Absolent Group Stock Technical Analysis
Absolent Group 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
Absolent Group Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Absolent Group 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.
Absolent Group December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Absolent Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Absolent Group shares will generate the highest return on investment. By undertsting and applying Absolent Group stock market strength indicators, traders can identify Absolent Group AB entry and exit signals to maximize returns
Absolent Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Absolent Group's price direction in advance. Along with the technical and fundamental analysis of Absolent Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Absolent 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 | (0.12) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 0.4329 |
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Additional Tools for Absolent Stock Analysis
When running Absolent Group's price analysis, check to measure Absolent Group'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 Absolent Group is operating at the current time. Most of Absolent Group's value examination focuses on studying past and present price action to predict the probability of Absolent Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absolent Group's price. Additionally, you may evaluate how the addition of Absolent Group to your portfolios can decrease your overall portfolio volatility.