Minesto AB (Sweden) Price on October 1, 2024

MINEST Stock  SEK 2.49  0.06  2.35%   
If you're considering investing in Minesto Stock, it is important to understand the factors that can impact its price. As of today, the current price of Minesto AB stands at 2.49, as last reported on the 30th of November, with the highest price reaching 2.55 and the lowest price hitting 2.43 during the day. Minesto AB has Sharpe Ratio of -0.0207, which conveys that the firm had a -0.0207% return per unit of risk over the last 3 months. Minesto AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minesto AB's Standard Deviation of 4.5, risk adjusted performance of (0.01), and Mean Deviation of 3.12 to check out the risk estimate we provide.
  
Minesto Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0207

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Estimated Market Risk

 4.53
  actual daily
40
60% of assets are more volatile

Expected Return

 -0.09
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Minesto AB 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 Minesto AB by adding Minesto AB to a well-diversified portfolio.

Minesto AB Valuation on October 1, 2024

It is possible to determine the worth of Minesto AB on a given historical date. On October 1, 2024 Minesto was worth 2.71 at the beginning of the trading date compared to the closed value of 2.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Minesto AB stock. Still, in general, we apply an absolute valuation method to find Minesto AB'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 Minesto AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Minesto AB's related companies.
 Open High Low Close Volume
  2.72    2.79    2.66    2.70    448,867  
10/01/2024
  2.71    2.97    2.71    2.76    624,269  
  2.82    3.08    2.82    3.00    744,674  
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Open Value
2.71
2.76
Closing Value
16.29
Upside

Minesto AB Trading Date Momentum on October 1, 2024

On October 02 2024 Minesto AB was traded for  3.00  at the closing time. The highest price during the trading period was 3.08  and the lowest recorded bid was listed for  2.82 . The volume for the day was 744.7 K. This history from October 2, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 8.70% . The trading delta at closing time to the current price is 8.70% .

Minesto AB Fundamentals Correlations and Trends

By evaluating Minesto AB'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 Minesto AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Minesto financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Minesto AB Stock history

Minesto AB 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 Minesto is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Minesto 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 Minesto AB stock prices may prove useful in developing a viable investing in Minesto AB
Minesto AB operates as a developer of marine energy technology solution in Sweden, Wales, and Northern Ireland. The company was founded in 2007 and is headquartered in Gothenburg, Sweden. Minesto AB is traded on Stockholm Stock Exchange in Sweden.

Minesto AB Stock Technical Analysis

Minesto AB 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.
A focus of Minesto AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Minesto AB trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Minesto AB Period Price Range

Low
November 30, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Minesto 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.

Minesto AB November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Minesto AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Minesto AB shares will generate the highest return on investment. By undertsting and applying Minesto AB stock market strength indicators, traders can identify Minesto AB entry and exit signals to maximize returns

Minesto AB Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Minesto AB's price direction in advance. Along with the technical and fundamental analysis of Minesto Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Minesto 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.

Complementary Tools for Minesto Stock analysis

When running Minesto AB's price analysis, check to measure Minesto AB'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 Minesto AB is operating at the current time. Most of Minesto AB's value examination focuses on studying past and present price action to predict the probability of Minesto AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minesto AB's price. Additionally, you may evaluate how the addition of Minesto AB to your portfolios can decrease your overall portfolio volatility.
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