Prevas AB (Sweden) Price on October 30, 2023
PREV-B Stock | SEK 113.00 1.80 1.62% |
If you're considering investing in Prevas Stock, it is important to understand the factors that can impact its price. As of today, the current price of Prevas AB stands at 113.00, as last reported on the 11th of December 2024, with the highest price reaching 114.60 and the lowest price hitting 110.60 during the day. Prevas AB maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of risk over the last 3 months. Prevas AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prevas AB's Variance of 5.56, coefficient of variation of (1,191), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide.
Prevas Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Prevas |
Sharpe Ratio = -0.1017
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Estimated Market Risk
2.36 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Prevas 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 Prevas AB by adding Prevas AB to a well-diversified portfolio.
Prevas AB Valuation on October 30, 2023
It is possible to determine the worth of Prevas AB on a given historical date. On October 30, 2023 Prevas was worth 89.41 at the beginning of the trading date compared to the closed value of 88.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Prevas AB stock. Still, in general, we apply an absolute valuation method to find Prevas 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 Prevas AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Prevas AB's related companies.
Open | High | Low | Close | Volume | |
89.41 | 90.29 | 87.19 | 89.61 | 28,270 | |
10/30/2023 | 89.41 | 90.19 | 87.87 | 88.06 | 29,872 |
88.06 | 89.99 | 87.09 | 89.99 | 28,222 |
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Prevas AB Trading Date Momentum on October 30, 2023
On October 31 2023 Prevas AB was traded for 89.99 at the closing time. The highest price during the trading period was 89.99 and the lowest recorded bid was listed for 87.09 . The volume for the day was 28.2 K. This history from October 31, 2023 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 2.19% . The trading delta at closing time to the current price is 10.55% . |
Prevas AB Fundamentals Correlations and Trends
By evaluating Prevas 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 Prevas AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Prevas financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Prevas AB Stock history
Prevas 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 Prevas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Prevas 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 Prevas AB stock prices may prove useful in developing a viable investing in Prevas AB
The company provides product development services, including conceptualization, preliminary studies, requirements analysis and specifications, prototype development, test and certification, industrialization, transfer to production, production management, training and information dissemination, and product support and maintenance. Prevas AB was founded in 1985 and is headquartered in Vsters, Sweden. Prevas AB operates under Information Technology Services classification in Sweden and is traded on Stockholm Stock Exchange. It employs 582 people.
Prevas AB Stock Technical Analysis
Prevas 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.
Price Boundaries
Prevas AB Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Prevas 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.
Prevas AB December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Prevas 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 Prevas AB shares will generate the highest return on investment. By undertsting and applying Prevas AB stock market strength indicators, traders can identify Prevas AB entry and exit signals to maximize returns
Prevas AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Prevas AB's price direction in advance. Along with the technical and fundamental analysis of Prevas Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Prevas 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 | (0.05) | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (0.58) | |||
Treynor Ratio | (0.54) |
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Complementary Tools for Prevas Stock analysis
When running Prevas AB's price analysis, check to measure Prevas 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 Prevas AB is operating at the current time. Most of Prevas AB's value examination focuses on studying past and present price action to predict the probability of Prevas 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 Prevas AB's price. Additionally, you may evaluate how the addition of Prevas AB to your portfolios can decrease your overall portfolio volatility.
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