EnviTec Biogas (Germany) Price on October 2, 2024
| ETG Stock | EUR 30.60 0.40 1.29% |
If you're considering investing in EnviTec Stock, it is important to understand the factors that can impact its price. As of today, the current price of EnviTec Biogas stands at 30.60, as last reported on the 13th of December 2024, with the highest price reaching 30.60 and the lowest price hitting 30.60 during the day. At this point, EnviTec Biogas is very steady. EnviTec Biogas AG secures Sharpe Ratio (or Efficiency) of 0.0042, which denotes the company had a 0.0042% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for EnviTec Biogas AG, which you can use to evaluate the volatility of the firm. Please confirm EnviTec Biogas' Variance of 4.95, mean deviation of 1.67, and Standard Deviation of 2.23 to check if the risk estimate we provide is consistent with the expected return of 0.0094%.
EnviTec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
EnviTec |
Sharpe Ratio = 0.0042
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Estimated Market Risk
| 2.24 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average EnviTec Biogas 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 EnviTec Biogas by adding EnviTec Biogas to a well-diversified portfolio.
EnviTec Biogas Valuation on October 2, 2024
It is possible to determine the worth of EnviTec Biogas on a given historical date. On October 2, 2024 EnviTec was worth 30.9 at the beginning of the trading date compared to the closed value of 32.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of EnviTec Biogas stock. Still, in general, we apply an absolute valuation method to find EnviTec Biogas' 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 EnviTec Biogas where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against EnviTec Biogas' related companies.
| Open | High | Low | Close | Volume | |
| 32.40 | 32.40 | 32.40 | 32.40 | 52.00 | |
10/02/2024 | 30.90 | 32.20 | 30.90 | 32.20 | 145.00 |
| 31.70 | 31.70 | 30.90 | 31.60 | 332.00 |
| Backtest EnviTec Biogas | | | EnviTec Biogas History | | | EnviTec Biogas Valuation | Previous | Next |
EnviTec Biogas Trading Date Momentum on October 2, 2024
| On October 03 2024 EnviTec Biogas AG was traded for 31.60 at the closing time. The highest daily price throughout the period was 31.70 and the lowest price was 30.90 . The daily volume was 332. The net trading volume on 10/03/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.86% . The overall trading delta to current closing price is 1.86% . |
EnviTec Biogas AG Fundamentals Correlations and Trends
By evaluating EnviTec Biogas' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among EnviTec Biogas' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. EnviTec financial account trend analysis is a perfect complement when working with valuation or volatility modules.About EnviTec Biogas Stock history
EnviTec Biogas 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 EnviTec is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in EnviTec Biogas AG 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 EnviTec Biogas stock prices may prove useful in developing a viable investing in EnviTec Biogas
EnviTec Biogas AG manufactures and operates biogas and biomethane plants in Germany, Italy, Great Britain, Czechia, France, Denmark, the United States, China, Greece, and internationally. The company was founded in 2002 and is headquartered in Lohne, Germany. ENVITEC BIOGAS operates under UtilitiesRenewable classification in Germany and is traded on Frankfurt Stock Exchange. It employs 509 people.
EnviTec Biogas Stock Technical Analysis
EnviTec Biogas 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
EnviTec Biogas Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
EnviTec Biogas AG cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
EnviTec Biogas December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how EnviTec Biogas stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EnviTec Biogas shares will generate the highest return on investment. By undertsting and applying EnviTec Biogas stock market strength indicators, traders can identify EnviTec Biogas AG entry and exit signals to maximize returns
EnviTec Biogas Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for EnviTec Biogas' price direction in advance. Along with the technical and fundamental analysis of EnviTec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of EnviTec 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 | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (1.48) |
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Complementary Tools for EnviTec Stock analysis
When running EnviTec Biogas' price analysis, check to measure EnviTec Biogas' 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 EnviTec Biogas is operating at the current time. Most of EnviTec Biogas' value examination focuses on studying past and present price action to predict the probability of EnviTec Biogas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EnviTec Biogas' price. Additionally, you may evaluate how the addition of EnviTec Biogas to your portfolios can decrease your overall portfolio volatility.
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