Elecnor SA (Spain) Price on November 13, 2024
If you're considering investing in Elecnor Stock, it is important to understand the factors that can impact its price. At this point, Elecnor SA is very steady. Elecnor SA secures Sharpe Ratio (or Efficiency) of 0.086, which denotes the company had a 0.086 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Elecnor SA, which you can use to evaluate the volatility of the firm. Please confirm Elecnor SA's Downside Deviation of 1.24, mean deviation of 1.26, and Coefficient Of Variation of 1162.76 to check if the risk estimate we provide is consistent with the expected return of 0.16%.
Elecnor Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elecnor |
Sharpe Ratio = 0.086
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Estimated Market Risk
| 1.86 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Elecnor SA is performing at about 6% 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 Elecnor SA by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
| ZLAB | Zai Lab | |
| ASLE | AerSale Corp | |
| ATS | AT S Austria |
Price Boundaries
Elecnor SA Period Price Range
Low | March 30, 2025
| High |
0.00 | 0.00 |
Elecnor SA cannot be verified against its exchange. Please verify the symbol is currently traded on Madrid 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.
Elecnor SA March 30, 2025 Market Strength
Market strength indicators help investors to evaluate how Elecnor SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elecnor SA shares will generate the highest return on investment. By undertsting and applying Elecnor SA stock market strength indicators, traders can identify Elecnor SA entry and exit signals to maximize returns
Elecnor SA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elecnor SA's price direction in advance. Along with the technical and fundamental analysis of Elecnor Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elecnor 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 | 0.0792 | |||
| Jensen Alpha | 0.1896 | |||
| Total Risk Alpha | 0.266 | |||
| Sortino Ratio | 0.1636 | |||
| Treynor Ratio | 0.2013 |
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Complementary Tools for Elecnor Stock analysis
When running Elecnor SA's price analysis, check to measure Elecnor SA'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 Elecnor SA is operating at the current time. Most of Elecnor SA's value examination focuses on studying past and present price action to predict the probability of Elecnor SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elecnor SA's price. Additionally, you may evaluate how the addition of Elecnor SA to your portfolios can decrease your overall portfolio volatility.
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