Freemelt Holding (Sweden) Price on November 21, 2024
| FREEM Stock | 0.90 0.89 49.72% |
If you're considering investing in Freemelt Stock, it is important to understand the factors that can impact its price. As of today, the current price of Freemelt Holding stands at 0.90, as last reported on the 26th of December, with the highest price reaching 1.10 and the lowest price hitting 0.79 during the day. Freemelt Holding secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Freemelt Holding AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freemelt Holding's Mean Deviation of 4.63, standard deviation of 8.39, and Variance of 70.46 to check the risk estimate we provide.
Freemelt Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Freemelt |
Sharpe Ratio = -0.1282
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Estimated Market Risk
| 8.55 actual daily | 76 76% of assets are less volatile |
Expected Return
| -1.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Freemelt Holding 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 Freemelt Holding by adding Freemelt Holding to a well-diversified portfolio.
Freemelt Holding Valuation on November 21, 2024
It is possible to determine the worth of Freemelt Holding on a given historical date. On November 21, 2024 Freemelt was worth 1.47 at the beginning of the trading date compared to the closed value of 1.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Freemelt Holding stock. Still, in general, we apply an absolute valuation method to find Freemelt Holding'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 Freemelt Holding where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Freemelt Holding's related companies.
| Open | High | Low | Close | Volume | |
| 1.48 | 1.49 | 1.43 | 1.48 | 36,109 | |
11/21/2024 | 1.47 | 1.92 | 1.44 | 1.69 | 214,388 |
| 1.70 | 1.99 | 1.62 | 1.67 | 47,104 |
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Freemelt Holding Trading Date Momentum on November 21, 2024
| On November 22 2024 Freemelt Holding AB was traded for 1.67 at the closing time. The highest price during the trading period was 1.99 and the lowest recorded bid was listed for 1.62 . The volume for the day was 47.1 K. This history from November 22, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.18% . The overall trading delta to the current price is 23.08% . |
Freemelt Holding Fundamentals Correlations and Trends
By evaluating Freemelt Holding'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 Freemelt Holding's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Freemelt financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Freemelt Holding Stock history
Freemelt Holding 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 Freemelt is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Freemelt Holding 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 Freemelt Holding stock prices may prove useful in developing a viable investing in Freemelt Holding
Freemelt Holding Stock Technical Analysis
Freemelt Holding 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
Freemelt Holding Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Freemelt Holding 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.
Freemelt Holding December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Freemelt Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Freemelt Holding shares will generate the highest return on investment. By undertsting and applying Freemelt Holding stock market strength indicators, traders can identify Freemelt Holding AB entry and exit signals to maximize returns
Freemelt Holding Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Freemelt Holding's price direction in advance. Along with the technical and fundamental analysis of Freemelt Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Freemelt 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 | (0.09) | |||
| Jensen Alpha | (1.05) | |||
| Total Risk Alpha | (1.39) | |||
| Treynor Ratio | (1.95) |
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Additional Tools for Freemelt Stock Analysis
When running Freemelt Holding's price analysis, check to measure Freemelt Holding'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 Freemelt Holding is operating at the current time. Most of Freemelt Holding's value examination focuses on studying past and present price action to predict the probability of Freemelt Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freemelt Holding's price. Additionally, you may evaluate how the addition of Freemelt Holding to your portfolios can decrease your overall portfolio volatility.