Vitec Software (Sweden) Price on October 21, 2024
VIT-B Stock | SEK 488.60 6.00 1.24% |
If you're considering investing in Vitec Stock, it is important to understand the factors that can impact its price. As of today, the current price of Vitec Software stands at 488.60, as last reported on the 29th of November, with the highest price reaching 488.60 and the lowest price hitting 480.00 during the day. Vitec Software Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.054, which indicates the firm had a -0.054% return per unit of risk over the last 3 months. Vitec Software Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vitec Software's Coefficient Of Variation of (1,554), risk adjusted performance of (0.04), and Variance of 5.99 to confirm the risk estimate we provide.
Vitec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Vitec |
Sharpe Ratio = -0.054
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | VIT-B |
Estimated Market Risk
2.44 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Vitec Software 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 Vitec Software by adding Vitec Software to a well-diversified portfolio.
Vitec Software Valuation on October 21, 2024
It is possible to determine the worth of Vitec Software on a given historical date. On October 21, 2024 Vitec was worth 438.0 at the beginning of the trading date compared to the closed value of 440.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Vitec Software stock. Still, in general, we apply an absolute valuation method to find Vitec Software'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 Vitec Software where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Vitec Software's related companies.
Open | High | Low | Close | Volume | |
439.60 | 451.80 | 429.60 | 445.60 | 95,146 | |
10/21/2024 | 438.00 | 451.40 | 436.60 | 440.80 | 51,592 |
442.00 | 458.60 | 442.00 | 454.20 | 71,744 |
Backtest Vitec Software | | | Vitec Software History | | | Vitec Software Valuation | Previous | Next |
Vitec Software Trading Date Momentum on October 21, 2024
On October 22 2024 Vitec Software Group was traded for 454.20 at the closing time. The highest price during the trading period was 458.60 and the lowest recorded bid was listed for 442.00 . The volume for the day was 71.7 K. This history from October 22, 2024 contributed to the next trading day price appreciation. The trading price change to the next closing price was 3.04% . The trading price change to the current price is 8.89% . |
Vitec Software Group Fundamentals Correlations and Trends
By evaluating Vitec Software'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 Vitec Software's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Vitec financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Vitec Software Stock history
Vitec Software 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 Vitec is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Vitec Software Group 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 Vitec Software stock prices may prove useful in developing a viable investing in Vitec Software
Vitec Software Group AB , a software company, provides vertical market software in the Nordic and Baltic countries, the rest of Europe, and the Middle East. The company was founded in 1985 and is headquartered in Ume, Sweden. Vitec Software operates under Software Providers classification in Sweden and is traded on Stockholm Stock Exchange. It employs 700 people.
Vitec Software Stock Technical Analysis
Vitec Software 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
Vitec Software Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Vitec Software Group 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.
Vitec Software November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Vitec Software stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Vitec Software shares will generate the highest return on investment. By undertsting and applying Vitec Software stock market strength indicators, traders can identify Vitec Software Group entry and exit signals to maximize returns
Vitec Software Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Vitec Software's price direction in advance. Along with the technical and fundamental analysis of Vitec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Vitec 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 | (0.04) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.54) | |||
Treynor Ratio | 0.4398 |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Additional Tools for Vitec Stock Analysis
When running Vitec Software's price analysis, check to measure Vitec Software'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 Vitec Software is operating at the current time. Most of Vitec Software's value examination focuses on studying past and present price action to predict the probability of Vitec Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vitec Software's price. Additionally, you may evaluate how the addition of Vitec Software to your portfolios can decrease your overall portfolio volatility.