ELEMENT FLEET (Germany) Price on February 3, 2023

61F Stock  EUR 18.90  0.10  0.53%   
If you're considering investing in ELEMENT Stock, it is important to understand the factors that can impact its price. As of today, the current price of ELEMENT FLEET stands at 18.90, as last reported on the 23rd of December, with the highest price reaching 18.90 and the lowest price hitting 18.50 during the day. At this point, ELEMENT FLEET is very steady. ELEMENT FLEET MGMT secures Sharpe Ratio (or Efficiency) of 0.0393, which denotes the company had a 0.0393% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for ELEMENT FLEET MGMT, which you can use to evaluate the volatility of the firm. Please confirm ELEMENT FLEET's downside deviation of 2.11, and Mean Deviation of 1.33 to check if the risk estimate we provide is consistent with the expected return of 0.0798%.
  
ELEMENT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0393

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall Risk61FHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 2.03
  actual daily
18
82% 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 ELEMENT FLEET 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 ELEMENT FLEET by adding it to a well-diversified portfolio.

ELEMENT FLEET Valuation on February 3, 2023

It is possible to determine the worth of ELEMENT FLEET on a given historical date. On February 3, 2023 ELEMENT was worth 11.85 at the beginning of the trading date compared to the closed value of 11.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ELEMENT FLEET stock. Still, in general, we apply an absolute valuation method to find ELEMENT FLEET'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 ELEMENT FLEET where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ELEMENT FLEET's related companies.
 Open High Low Close Volume
  11.75    12.41    11.75    11.85    1.00  
02/03/2023
  11.85    11.94    11.85    11.94    1.00  
  12.13    12.13    12.03    12.03    1.00  
Backtest ELEMENT FLEET  |  ELEMENT FLEET History  |  ELEMENT FLEET Valuation   PreviousNext  
Open Value
11.85
11.94
Closing Value
17.94
Upside

ELEMENT FLEET Trading Date Momentum on February 3, 2023

On February 06 2023 ELEMENT FLEET MGMT was traded for  12.03  at the closing time. The highest daily price throughout the period was 12.13  and the lowest price was  12.03 . There was no trading activity during the period 1.0. Lack of trading volume on 02/06/2023 added to the next day price rise. The daily price change to closing price of the next trading day was 0.75% . The overall trading delta to current closing price is 2.35% .

ELEMENT FLEET MGMT Fundamentals Correlations and Trends

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

About ELEMENT FLEET Stock history

ELEMENT FLEET 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 ELEMENT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ELEMENT FLEET MGMT 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 ELEMENT FLEET stock prices may prove useful in developing a viable investing in ELEMENT FLEET
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, and New Zealand. It serves agriculture, business services, chemical, construction, consumer products, education and non-profit, energy, food and beverage, insurance, manufacturing, pharmaceutical and healthcare, professional services, telecommunications, transportation, and utility industries. ELEMENT FLEET operates under Rental Leasing Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2500 people.

ELEMENT FLEET Stock Technical Analysis

ELEMENT FLEET 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 ELEMENT FLEET technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ELEMENT FLEET 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

ELEMENT FLEET Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

ELEMENT FLEET MGMT cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.

ELEMENT FLEET December 23, 2024 Market Strength

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

ELEMENT FLEET Technical and Predictive Indicators

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

When running ELEMENT FLEET's price analysis, check to measure ELEMENT FLEET'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 ELEMENT FLEET is operating at the current time. Most of ELEMENT FLEET's value examination focuses on studying past and present price action to predict the probability of ELEMENT FLEET's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ELEMENT FLEET's price. Additionally, you may evaluate how the addition of ELEMENT FLEET to your portfolios can decrease your overall portfolio volatility.
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Commodity Directory
Find actively traded commodities issued by global exchanges