Betsson AB (Sweden) Price on November 14, 2024
| BETS-B Stock | SEK 139.68 4.70 3.26% |
If you're considering investing in Betsson Stock, it is important to understand the factors that can impact its price. As of today, the current price of Betsson AB stands at 139.68, as last reported on the 1st of December, with the highest price reaching 144.58 and the lowest price hitting 139.68 during the day. At this point, Betsson AB is very steady. Betsson AB secures Sharpe Ratio (or Efficiency) of 0.087, which signifies that the company had a 0.087% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Betsson AB, which you can use to evaluate the volatility of the firm. Please confirm Betsson AB's Mean Deviation of 1.01, downside deviation of 1.25, and Risk Adjusted Performance of 0.0607 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%.
Betsson Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Betsson |
Sharpe Ratio = 0.087
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Estimated Market Risk
| 1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Betsson AB is performing at about 6% 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 Betsson AB by adding it to a well-diversified portfolio.
Betsson AB Valuation on November 14, 2024
It is possible to determine the worth of Betsson AB on a given historical date. On November 14, 2024 Betsson was worth 143.64 at the beginning of the trading date compared to the closed value of 143.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Betsson AB stock. Still, in general, we apply an absolute valuation method to find Betsson 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 Betsson AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Betsson AB's related companies.
| Open | High | Low | Close | Volume | |
| 139.50 | 143.45 | 139.50 | 143.02 | 240,748 | |
11/14/2024 | 143.64 | 143.96 | 142.00 | 143.56 | 110,046 |
| 143.50 | 143.72 | 142.00 | 142.20 | 172,096 |
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Betsson AB Trading Date Momentum on November 14, 2024
| On November 15 2024 Betsson AB was traded for 142.20 at the closing time. The highest price during the trading period was 143.72 and the lowest recorded bid was listed for 142.00 . The volume for the day was 172.1 K. This history from November 15, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.95% . The overall trading delta to the current price is 0.32% . |
Betsson AB Fundamentals Correlations and Trends
By evaluating Betsson 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 Betsson AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Betsson financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Betsson AB Stock history
Betsson 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 Betsson is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Betsson 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 Betsson AB stock prices may prove useful in developing a viable investing in Betsson AB
Betsson AB , through its subsidiaries, engages in the online gaming business primarily in the Nordic countries, Western Europe, Central and Easter Europe, Central Asia, and internationally. Betsson AB was founded in 1963 and is based in Stockholm, Sweden. Betsson AB operates under Gambling classification in Sweden and is traded on Stockholm Stock Exchange. It employs 1577 people.
Betsson AB Stock Technical Analysis
Betsson 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
Betsson AB Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Betsson 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.
Betsson AB December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Betsson 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 Betsson AB shares will generate the highest return on investment. By undertsting and applying Betsson AB stock market strength indicators, traders can identify Betsson AB entry and exit signals to maximize returns
Betsson AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Betsson AB's price direction in advance. Along with the technical and fundamental analysis of Betsson Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Betsson 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 | 0.0607 | |||
| Jensen Alpha | 0.1773 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.18) |
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Complementary Tools for Betsson Stock analysis
When running Betsson AB's price analysis, check to measure Betsson 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 Betsson AB is operating at the current time. Most of Betsson AB's value examination focuses on studying past and present price action to predict the probability of Betsson 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 Betsson AB's price. Additionally, you may evaluate how the addition of Betsson AB to your portfolios can decrease your overall portfolio volatility.
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