Drillcon (Sweden) Price on November 25, 2024
| DRIL Stock | SEK 4.59 0.06 1.32% |
If you're considering investing in Drillcon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Drillcon stands at 4.59, as last reported on the 11th of December 2024, with the highest price reaching 4.64 and the lowest price hitting 4.45 during the day. Drillcon AB secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Drillcon AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Drillcon's Variance of 9.02, standard deviation of 3.0, and Mean Deviation of 1.6 to check the risk estimate we provide.
Drillcon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Drillcon |
Sharpe Ratio = -0.1155
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Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Drillcon 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 Drillcon by adding Drillcon to a well-diversified portfolio.
Drillcon Valuation on November 25, 2024
It is possible to determine the worth of Drillcon on a given historical date. On November 25, 2024 Drillcon was worth 4.48 at the beginning of the trading date compared to the closed value of 4.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Drillcon stock. Still, in general, we apply an absolute valuation method to find Drillcon'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 Drillcon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Drillcon's related companies.
| Open | High | Low | Close | Volume | |
| 4.64 | 4.64 | 4.47 | 4.52 | 77,142 | |
11/25/2024 | 4.48 | 4.77 | 4.45 | 4.75 | 6,879 |
| 4.68 | 4.68 | 4.45 | 4.46 | 38,068 |
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Drillcon Trading Date Momentum on November 25, 2024
| On November 26 2024 Drillcon AB was traded for 4.46 at the closing time. The highest price during the trading period was 4.68 and the lowest recorded bid was listed for 4.45 . The volume for the day was 38.1 K. This history from November 26, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 6.11% . The overall trading delta to the current price is 4.63% . |
Drillcon AB Fundamentals Correlations and Trends
By evaluating Drillcon'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 Drillcon's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Drillcon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Drillcon Stock history
Drillcon 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 Drillcon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Drillcon 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 Drillcon stock prices may prove useful in developing a viable investing in Drillcon
Drillcon AB , together with its subsidiaries, operates as a diamond core drilling and raise boring contractor. The company was founded in 1963 and is headquartered in Nora, Sweden. Drillcon operates under Metals And Minerals Mining And Exploration classification in Sweden and is traded on Stockholm Stock Exchange.
Drillcon Stock Technical Analysis
Drillcon 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
Drillcon Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Drillcon 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.
Drillcon December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Drillcon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Drillcon shares will generate the highest return on investment. By undertsting and applying Drillcon stock market strength indicators, traders can identify Drillcon AB entry and exit signals to maximize returns
Drillcon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Drillcon's price direction in advance. Along with the technical and fundamental analysis of Drillcon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Drillcon 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 | (0.08) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.84) |
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Additional Tools for Drillcon Stock Analysis
When running Drillcon's price analysis, check to measure Drillcon'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 Drillcon is operating at the current time. Most of Drillcon's value examination focuses on studying past and present price action to predict the probability of Drillcon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drillcon's price. Additionally, you may evaluate how the addition of Drillcon to your portfolios can decrease your overall portfolio volatility.