Econocom Group (Belgium) Price on November 14, 2024
If you're considering investing in Econocom Stock, it is important to understand the factors that can impact its price. Econocom Group SANV secures Sharpe Ratio (or Efficiency) of -0.0553, which denotes the company had a -0.0553% return per unit of risk over the last 3 months. Econocom Group SANV exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Econocom Group's Variance of 2.2, mean deviation of 1.04, and Standard Deviation of 1.48 to check the risk estimate we provide.
Econocom Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Econocom |
Sharpe Ratio = -0.0553
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Estimated Market Risk
1.48 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Econocom Group 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 Econocom Group by adding Econocom Group to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Econocom Group Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Econocom Group SANV cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Brussels. 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.
Econocom Group December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Econocom Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Econocom Group shares will generate the highest return on investment. By undertsting and applying Econocom Group stock market strength indicators, traders can identify Econocom Group SANV entry and exit signals to maximize returns
Econocom Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Econocom Group's price direction in advance. Along with the technical and fundamental analysis of Econocom Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Econocom 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 | (0.09) | |||
Total Risk Alpha | (0.13) | |||
Treynor Ratio | 0.5171 |
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Complementary Tools for Econocom Stock analysis
When running Econocom Group's price analysis, check to measure Econocom Group'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 Econocom Group is operating at the current time. Most of Econocom Group's value examination focuses on studying past and present price action to predict the probability of Econocom Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Econocom Group's price. Additionally, you may evaluate how the addition of Econocom Group to your portfolios can decrease your overall portfolio volatility.
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