Dantax (Denmark) Price on November 29, 2024
| DANT Stock | DKK 390.00 6.00 1.52% |
If you're considering investing in Dantax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Dantax stands at 390.00, as last reported on the 13th of December 2024, with the highest price reaching 390.00 and the lowest price hitting 390.00 during the day. As of now, Dantax Stock is very steady. Dantax secures Sharpe Ratio (or Efficiency) of 0.0039, which denotes the company had a 0.0039% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Dantax, which you can use to evaluate the volatility of the firm. Please confirm Dantax's Coefficient Of Variation of 7360.09, downside deviation of 6.09, and Mean Deviation of 2.76 to check if the risk estimate we provide is consistent with the expected return of 0.0183%.
Dantax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Dantax |
Sharpe Ratio = 0.0039
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| Negative Returns | DANT |
Estimated Market Risk
| 4.67 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Dantax 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 Dantax by adding Dantax to a well-diversified portfolio.
Dantax Valuation on November 29, 2024
It is possible to determine the worth of Dantax on a given historical date. On November 29, 2024 Dantax was worth 404.0 at the beginning of the trading date compared to the closed value of 406.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Dantax stock. Still, in general, we apply an absolute valuation method to find Dantax'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 Dantax where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Dantax's related companies.
| Open | High | Low | Close | Volume | |
| 402.00 | 402.00 | 402.00 | 402.00 | 7.00 | |
11/29/2024 | 404.00 | 406.00 | 404.00 | 406.00 | 4.00 |
| 398.00 | 406.00 | 398.00 | 406.00 | 39.00 |
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Dantax Trading Date Momentum on November 29, 2024
| On December 02 2024 Dantax was traded for 406.00 at the closing time. The highest price during the trading period was 406.00 and the lowest recorded bid was listed for 398.00 . The volume for the day was 39.0. This history from December 2, 2024 did not affect price variability. The overall trading delta to the current price is 3.94% . |
Dantax Fundamentals Correlations and Trends
By evaluating Dantax'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 Dantax's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Dantax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Dantax Stock history
Dantax 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 Dantax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Dantax 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 Dantax stock prices may prove useful in developing a viable investing in Dantax
Dantax AS designs, develops, produces, and sells audio products under the Scansonic, Raidho, and Harmony brands. The company was founded in 1969 and is based in Pandrup, Denmark. Dantax AS operates under Household Appliances And Hardware classification in Denmark and is traded on Copenhagen Stock Exchange.
Dantax Stock Technical Analysis
Dantax 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
Dantax Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Dantax cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
Dantax December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Dantax stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dantax shares will generate the highest return on investment. By undertsting and applying Dantax stock market strength indicators, traders can identify Dantax entry and exit signals to maximize returns
Dantax Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Dantax's price direction in advance. Along with the technical and fundamental analysis of Dantax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Dantax 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 | 0.0183 | |||
| Jensen Alpha | 0.0217 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1733 |
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Other Information on Investing in Dantax Stock
Dantax financial ratios help investors to determine whether Dantax Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dantax with respect to the benefits of owning Dantax security.