Econocom Group (Belgium) Price on November 22, 2023

ECONB Stock  EUR 1.87  0.02  1.06%   
If you're considering investing in Econocom Stock, it is important to understand the factors that can impact its price. As of today, the current price of Econocom Group stands at 1.87, as last reported on the 29th of December, with the highest price reaching 1.89 and the lowest price hitting 1.86 during the day. Econocom Group SANV secures Sharpe Ratio (or Efficiency) of -0.0611, which denotes the company had a -0.0611% return per unit of risk over the last 3 months. Econocom Group SANV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Econocom Group's Mean Deviation of 1.09, variance of 2.3, and Standard Deviation of 1.52 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.

Sharpe Ratio = -0.0611

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Estimated Market Risk

 1.53
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.09
  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.

Econocom Group Valuation on November 22, 2023

It is possible to determine the worth of Econocom Group on a given historical date. On November 22, 2023 Econocom was worth 2.27 at the beginning of the trading date compared to the closed value of 2.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Econocom Group stock. Still, in general, we apply an absolute valuation method to find Econocom Group'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 Econocom Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Econocom Group's related companies.
 Open High Low Close Volume
  2.26    2.31    2.23    2.25    135,811  
11/22/2023
  2.27    2.37    2.27    2.36    116,418  
  2.35    2.40    2.35    2.37    32,468  
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Open Value
2.27
2.36
Closing Value
6.86
Upside

Econocom Group Trading Date Momentum on November 22, 2023

On November 23 2023 Econocom Group SANV was traded for  2.37  at the closing time. The highest price during the trading period was 2.40  and the lowest recorded bid was listed for  2.35 . The volume for the day was 32.5 K. This history from November 23, 2023 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.42% . The overall trading delta to the current price is 2.97% .

Econocom Group SANV Fundamentals Correlations and Trends

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

About Econocom Group Stock history

Econocom Group 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 Econocom is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Econocom Group SANV 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 Econocom Group stock prices may prove useful in developing a viable investing in Econocom Group
Econocom Group SE conceives, finances, and facilitates the digital transformation of large firms and public organizations. The company was incorporated in 1982 and is headquartered in Puteaux, France. ECONOCOM GROUP operates under Search Cloud And Integrated IT Services classification in Belgium and is traded on Brussels Stock Exchange. It employs 8895 people.

Econocom Group Stock Technical Analysis

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

Econocom Group Period Price Range

Low
December 29, 2024
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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 29, 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.

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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