Groenlandsbanken (Denmark) Price on October 3, 2024
| GRLA Stock | DKK 715.00 10.00 1.42% |
If you're considering investing in Groenlandsbanken Stock, it is important to understand the factors that can impact its price. As of today, the current price of Groenlandsbanken stands at 715.00, as last reported on the 14th of December 2024, with the highest price reaching 715.00 and the lowest price hitting 705.00 during the day. As of now, Groenlandsbanken Stock is very steady. Groenlandsbanken holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Groenlandsbanken, which you can use to evaluate the volatility of the firm. Please check out Groenlandsbanken's Risk Adjusted Performance of 0.0966, market risk adjusted performance of (0.66), and Downside Deviation of 1.04 to validate if the risk estimate we provide is consistent with the expected return of 0.1%.
Groenlandsbanken Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Groenlandsbanken |
Sharpe Ratio = 0.1087
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Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Groenlandsbanken is performing at about 8% 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 Groenlandsbanken by adding it to a well-diversified portfolio.
Groenlandsbanken Valuation on October 3, 2024
It is possible to determine the worth of Groenlandsbanken on a given historical date. On October 3, 2024 Groenlandsbanken was worth 665.0 at the beginning of the trading date compared to the closed value of 665.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Groenlandsbanken stock. Still, in general, we apply an absolute valuation method to find Groenlandsbanken'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 Groenlandsbanken where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Groenlandsbanken's related companies.
| Open | High | Low | Close | Volume | |
| 660.00 | 660.00 | 660.00 | 660.00 | 20.00 | |
10/03/2024 | 665.00 | 665.00 | 665.00 | 665.00 | 299.00 |
| 665.00 | 665.00 | 665.00 | 665.00 | 2.00 |
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Groenlandsbanken Trading Date Momentum on October 3, 2024
| On October 04 2024 Groenlandsbanken AS was traded for 665.00 at the closing time. The highest price during the trading period was 665.00 and the lowest recorded bid was listed for 665.00 . There was no trading activity during the period 2.0. Lack of trading volume on October 4, 2024 did not cause price change. The overall trading delta to the current price is 0.75% . |
Groenlandsbanken Fundamentals Correlations and Trends
By evaluating Groenlandsbanken'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 Groenlandsbanken's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Groenlandsbanken financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Groenlandsbanken Stock history
Groenlandsbanken 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 Groenlandsbanken is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Groenlandsbanken 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 Groenlandsbanken stock prices may prove useful in developing a viable investing in Groenlandsbanken
GrnlandsBANKEN AS provides financial services to private customers, business customers, and public institutions in Greenland. GrnlandsBANKEN AS was founded in 1967 and is headquartered in Nuuk, Greenland. Grnlandsbanken operates under BanksRegional classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 138 people.
Groenlandsbanken Stock Technical Analysis
Groenlandsbanken 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
Groenlandsbanken Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Groenlandsbanken AS cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
Groenlandsbanken December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Groenlandsbanken stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Groenlandsbanken shares will generate the highest return on investment. By undertsting and applying Groenlandsbanken stock market strength indicators, traders can identify Groenlandsbanken AS entry and exit signals to maximize returns
Groenlandsbanken Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Groenlandsbanken's price direction in advance. Along with the technical and fundamental analysis of Groenlandsbanken Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Groenlandsbanken 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 | 0.0966 | |||
| Jensen Alpha | 0.1315 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0249 | |||
| Treynor Ratio | (0.67) |
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Other Information on Investing in Groenlandsbanken Stock
Groenlandsbanken financial ratios help investors to determine whether Groenlandsbanken Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Groenlandsbanken with respect to the benefits of owning Groenlandsbanken security.