Alimak Hek (Sweden) Price on May 11, 2023
| ALIG Stock | SEK 119.40 1.00 0.84% |
If you're considering investing in Alimak Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alimak Hek stands at 119.40, as last reported on the 2nd of December, with the highest price reaching 120.60 and the lowest price hitting 118.40 during the day. Alimak Hek appears to be out of control, given 3 months investment horizon. Alimak Hek Group secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alimak Hek Group, which you can use to evaluate the volatility of the firm. Please makes use of Alimak Hek's Risk Adjusted Performance of 0.0861, downside deviation of 1.42, and Mean Deviation of 1.22 to double-check if our risk estimates are consistent with your expectations.
Alimak Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alimak |
Sharpe Ratio = 0.1369
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Estimated Market Risk
| 1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Alimak Hek 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 Alimak Hek by adding it to a well-diversified portfolio.
Alimak Hek Valuation on May 11, 2023
It is possible to determine the worth of Alimak Hek on a given historical date. On May 11, 2023 Alimak was worth 74.56 at the beginning of the trading date compared to the closed value of 74.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alimak Hek stock. Still, in general, we apply an absolute valuation method to find Alimak Hek'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 Alimak Hek where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alimak Hek's related companies.
| Open | High | Low | Close | Volume | |
| 73.78 | 74.47 | 72.22 | 73.00 | 61,727 | |
05/11/2023 | 74.56 | 75.34 | 73.78 | 74.17 | 86,414 |
| 74.17 | 75.25 | 72.90 | 73.20 | 140,417 |
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Alimak Hek Trading Date Momentum on May 11, 2023
| On May 12 2023 Alimak Hek Group was traded for 73.20 at the closing time. The highest price during the trading period was 75.25 and the lowest recorded bid was listed for 72.90 . The volume for the day was 140.4 K. This history from May 12, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.31% . The overall trading delta to the current price is 2.90% . |
Alimak Hek Group Fundamentals Correlations and Trends
By evaluating Alimak Hek'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 Alimak Hek's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alimak financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alimak Hek Stock history
Alimak Hek 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 Alimak is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alimak Hek 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 Alimak Hek stock prices may prove useful in developing a viable investing in Alimak Hek
Alimak Group AB designs, develops, manufactures, distributes, and services elevators, hoists, and work platforms. Alimak Group AB was founded in 1948 and is headquartered in Stockholm, Sweden. Alimak Group operates under Diversified Industrials classification in Sweden and is traded on Stockholm Stock Exchange. It employs 2361 people.
Alimak Hek Stock Technical Analysis
Alimak Hek 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
Alimak Hek Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Alimak Hek Group 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.
Alimak Hek December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Alimak Hek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alimak Hek shares will generate the highest return on investment. By undertsting and applying Alimak Hek stock market strength indicators, traders can identify Alimak Hek Group entry and exit signals to maximize returns
Alimak Hek Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alimak Hek's price direction in advance. Along with the technical and fundamental analysis of Alimak Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alimak 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 | 0.0861 | |||
| Jensen Alpha | 0.1345 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0185 | |||
| Treynor Ratio | 1.01 |
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Additional Tools for Alimak Stock Analysis
When running Alimak Hek's price analysis, check to measure Alimak Hek'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 Alimak Hek is operating at the current time. Most of Alimak Hek's value examination focuses on studying past and present price action to predict the probability of Alimak Hek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alimak Hek's price. Additionally, you may evaluate how the addition of Alimak Hek to your portfolios can decrease your overall portfolio volatility.