Ferronordic (Sweden) Price on May 31, 2024
| FNM Stock | SEK 58.20 0.10 0.17% |
If you're considering investing in Ferronordic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ferronordic stands at 58.20, as last reported on the 3rd of December, with the highest price reaching 60.70 and the lowest price hitting 58.00 during the day. Ferronordic AB secures Sharpe Ratio (or Efficiency) of -0.0688, which denotes the company had a -0.0688% return per unit of risk over the last 3 months. Ferronordic AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ferronordic's Variance of 3.18, standard deviation of 1.78, and Mean Deviation of 1.21 to check the risk estimate we provide.
Ferronordic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ferronordic |
Sharpe Ratio = -0.0688
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Estimated Market Risk
| 1.79 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ferronordic 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 Ferronordic by adding Ferronordic to a well-diversified portfolio.
Ferronordic Valuation on May 31, 2024
It is possible to determine the worth of Ferronordic on a given historical date. On May 31, 2024 Ferronordic was worth 79.0 at the beginning of the trading date compared to the closed value of 87.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ferronordic stock. Still, in general, we apply an absolute valuation method to find Ferronordic'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 Ferronordic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ferronordic's related companies.
| Open | High | Low | Close | Volume | |
| 76.60 | 79.80 | 76.60 | 79.50 | 25,641 | |
05/31/2024 | 79.00 | 88.00 | 79.00 | 87.50 | 182,863 |
| 87.50 | 87.50 | 83.00 | 83.50 | 23,659 |
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Ferronordic Trading Date Momentum on May 31, 2024
| On June 03 2024 Ferronordic AB was traded for 83.50 at the closing time. The maximum traded price for the trading interval was 87.50 and the lowest daily price was 83.00 . The daily volume was recorded at 23.7 K. The volume of trading on 3rd of June 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 4.57% . The overall trading delta to the closing price today is 4.00% . |
Ferronordic AB Fundamentals Correlations and Trends
By evaluating Ferronordic'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 Ferronordic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ferronordic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ferronordic Stock history
Ferronordic 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 Ferronordic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ferronordic 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 Ferronordic stock prices may prove useful in developing a viable investing in Ferronordic
Ferronordic AB sells, rents, and services construction equipment and other machines in Russia and Kazakhstan. The company was founded in 2010 and is based in Stockholm, Sweden. Ferronordic is traded on Stockholm Stock Exchange in Sweden.
Ferronordic Stock Technical Analysis
Ferronordic 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
Ferronordic Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Ferronordic 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.
Ferronordic December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Ferronordic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ferronordic shares will generate the highest return on investment. By undertsting and applying Ferronordic stock market strength indicators, traders can identify Ferronordic AB entry and exit signals to maximize returns
Ferronordic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ferronordic's price direction in advance. Along with the technical and fundamental analysis of Ferronordic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ferronordic 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 | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.4539 |
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Additional Tools for Ferronordic Stock Analysis
When running Ferronordic's price analysis, check to measure Ferronordic'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 Ferronordic is operating at the current time. Most of Ferronordic's value examination focuses on studying past and present price action to predict the probability of Ferronordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ferronordic's price. Additionally, you may evaluate how the addition of Ferronordic to your portfolios can decrease your overall portfolio volatility.