SP Group (Denmark) Price on September 13, 2024
If you're considering investing in SPG Stock, it is important to understand the factors that can impact its price. As of now, SPG Stock is very steady. SP Group AS retains Efficiency (Sharpe Ratio) of 0.0406, which indicates the firm had a 0.0406% return per unit of price deviation over the last 3 months. We have found twenty-one technical indicators for SP Group, which you can use to evaluate the volatility of the company. Please validate SP Group's Mean Deviation of 1.59, downside deviation of 1.8, and Risk Adjusted Performance of 0.0371 to confirm if the risk estimate we provide is consistent with the expected return of 0.0812%.
SPG Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SPG |
Sharpe Ratio = 0.0406
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| Cash | Small Risk | SPG | High Risk | Huge Risk |
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Estimated Market Risk
| 2.0 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average SP Group is performing at about 3% of its full potential. 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 SP Group by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
SP Group Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
SP Group AS cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
SP Group December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how SP Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SP Group shares will generate the highest return on investment. By undertsting and applying SP Group stock market strength indicators, traders can identify SP Group AS entry and exit signals to maximize returns
SP Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SP Group's price direction in advance. Along with the technical and fundamental analysis of SPG Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SPG 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 | 0.0371 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.60) |
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Other Information on Investing in SPG Stock
SP Group financial ratios help investors to determine whether SPG Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SPG with respect to the benefits of owning SP Group security.