Advenica (Sweden) Price on June 27, 2024
ADVE Stock | SEK 9.88 0.06 0.60% |
If you're considering investing in Advenica Stock, it is important to understand the factors that can impact its price. As of today, the current price of Advenica stands at 9.88, as last reported on the 15th of December 2024, with the highest price reaching 10.00 and the lowest price hitting 9.88 during the day. Advenica AB secures Sharpe Ratio (or Efficiency) of -0.0834, which signifies that the company had a -0.0834% return per unit of risk over the last 3 months. Advenica AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Advenica's Mean Deviation of 1.89, standard deviation of 2.77, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide.
Advenica Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Advenica |
Sharpe Ratio = -0.0834
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Estimated Market Risk
2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
-0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Advenica 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 Advenica by adding Advenica to a well-diversified portfolio.
Advenica Valuation on June 27, 2024
It is possible to determine the worth of Advenica on a given historical date. On June 27, 2024 Advenica was worth 11.6 at the beginning of the trading date compared to the closed value of 11.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Advenica stock. Still, in general, we apply an absolute valuation method to find Advenica'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 Advenica where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Advenica's related companies.
Open | High | Low | Close | Volume | |
11.60 | 11.95 | 11.30 | 11.60 | 15,763 | |
06/27/2024 | 11.60 | 11.85 | 11.35 | 11.75 | 14,879 |
11.75 | 12.00 | 11.45 | 11.65 | 82,286 |
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Advenica Trading Date Momentum on June 27, 2024
On June 28 2024 Advenica AB was traded for 11.65 at the closing time. The highest price during the trading period was 12.00 and the lowest recorded bid was listed for 11.45 . The volume for the day was 82.3 K. This history from June 28, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.85% . The overall trading delta to the current price is 20.43% . |
Advenica AB Fundamentals Correlations and Trends
By evaluating Advenica'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 Advenica's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Advenica financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Advenica Stock history
Advenica 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 Advenica is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Advenica 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 Advenica stock prices may prove useful in developing a viable investing in Advenica
Advenica AB develops, manufactures, and sells cybersecurity solutions and services worldwide. Advenica AB was founded in 1993 and is headquartered in Malm, Sweden. Advenica operates under Security Products And Services classification in Sweden and is traded on Stockholm Stock Exchange.
Advenica Stock Technical Analysis
Advenica 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
Advenica Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Advenica 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.
Advenica December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Advenica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Advenica shares will generate the highest return on investment. By undertsting and applying Advenica stock market strength indicators, traders can identify Advenica AB entry and exit signals to maximize returns
Advenica Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Advenica's price direction in advance. Along with the technical and fundamental analysis of Advenica Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Advenica 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 | (0.07) | |||
Jensen Alpha | (0.31) | |||
Total Risk Alpha | (0.65) | |||
Treynor Ratio | 56.37 |
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Additional Tools for Advenica Stock Analysis
When running Advenica's price analysis, check to measure Advenica'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 Advenica is operating at the current time. Most of Advenica's value examination focuses on studying past and present price action to predict the probability of Advenica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advenica's price. Additionally, you may evaluate how the addition of Advenica to your portfolios can decrease your overall portfolio volatility.