NAXS Nordic (Sweden) Price on September 23, 2024
| NAXS Stock | SEK 50.80 0.00 0.00% |
If you're considering investing in NAXS Stock, it is important to understand the factors that can impact its price. As of today, the current price of NAXS Nordic stands at 50.80, as last reported on the 27th of December, with the highest price reaching 51.00 and the lowest price hitting 50.20 during the day. NAXS Nordic Access has Sharpe Ratio of -0.24, which conveys that the company had a -0.24% return per unit of standard deviation over the last 3 months. NAXS Nordic exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NAXS Nordic's standard deviation of 0.9463, and Mean Deviation of 0.6575 to check out the risk estimate we provide.
NAXS Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NAXS |
Sharpe Ratio = -0.2433
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Estimated Market Risk
| 0.95 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.24 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NAXS Nordic 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 NAXS Nordic by adding NAXS Nordic to a well-diversified portfolio.
NAXS Nordic Valuation on September 23, 2024
It is possible to determine the worth of NAXS Nordic on a given historical date. On September 23, 2024 NAXS was worth 57.8 at the beginning of the trading date compared to the closed value of 57.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NAXS Nordic stock. Still, in general, we apply an absolute valuation method to find NAXS Nordic'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 NAXS Nordic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NAXS Nordic's related companies.
| Open | High | Low | Close | Volume | |
| 58.60 | 59.00 | 57.80 | 57.80 | 3,557 | |
09/23/2024 | 57.80 | 57.80 | 56.80 | 57.60 | 2,892 |
| 57.60 | 58.00 | 57.20 | 58.00 | 678.00 |
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NAXS Nordic Trading Date Momentum on September 23, 2024
| On September 24 2024 NAXS Nordic Access was traded for 58.00 at the closing time. The highest price during the trading period was 58.00 and the lowest recorded bid was listed for 57.20 . The volume for the day was 678. This history from September 24, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 0.69% . The trading delta at closing time to the current price is 1.39% . |
NAXS Nordic Access Fundamentals Correlations and Trends
By evaluating NAXS Nordic'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 NAXS Nordic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NAXS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NAXS Nordic Stock history
NAXS Nordic 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 NAXS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NAXS Nordic Access 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 NAXS Nordic stock prices may prove useful in developing a viable investing in NAXS Nordic
NAXS AB is an investment firm specializing in fund of funds and secondary indirect investments. NAXS AB was founded in May 2007 and is based in Stockholm, Sweden. NAXS AB operates under Asset Management classification in Sweden and is traded on Stockholm Stock Exchange. It employs 1 people.
NAXS Nordic Stock Technical Analysis
NAXS Nordic 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
NAXS Nordic Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
NAXS Nordic Access 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.
NAXS Nordic December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how NAXS Nordic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NAXS Nordic shares will generate the highest return on investment. By undertsting and applying NAXS Nordic stock market strength indicators, traders can identify NAXS Nordic Access entry and exit signals to maximize returns
NAXS Nordic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NAXS Nordic's price direction in advance. Along with the technical and fundamental analysis of NAXS Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NAXS 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 | (0.15) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.5098 |
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Additional Tools for NAXS Stock Analysis
When running NAXS Nordic's price analysis, check to measure NAXS Nordic'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 NAXS Nordic is operating at the current time. Most of NAXS Nordic's value examination focuses on studying past and present price action to predict the probability of NAXS Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NAXS Nordic's price. Additionally, you may evaluate how the addition of NAXS Nordic to your portfolios can decrease your overall portfolio volatility.