Mekonomen (Sweden) Price on May 3, 2024
| MEKO Stock | SEK 135.60 0.20 0.15% |
If you're considering investing in Mekonomen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mekonomen stands at 135.60, as last reported on the 11th of December 2024, with the highest price reaching 135.60 and the lowest price hitting 134.00 during the day. Currently, Mekonomen AB is very steady. Mekonomen AB has Sharpe Ratio of 0.0587, which conveys that the firm had a 0.0587% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mekonomen, which you can use to evaluate the volatility of the firm. Please verify Mekonomen's Downside Deviation of 1.72, mean deviation of 1.22, and Risk Adjusted Performance of 0.0441 to check out if the risk estimate we provide is consistent with the expected return of 0.0956%.
Mekonomen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mekonomen |
Sharpe Ratio = 0.0587
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Estimated Market Risk
| 1.63 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Mekonomen is performing at about 4% 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 Mekonomen by adding it to a well-diversified portfolio.
Mekonomen Valuation on May 3, 2024
It is possible to determine the worth of Mekonomen on a given historical date. On May 3, 2024 Mekonomen was worth 110.51 at the beginning of the trading date compared to the closed value of 112.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mekonomen stock. Still, in general, we apply an absolute valuation method to find Mekonomen'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 Mekonomen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mekonomen's related companies.
| Open | High | Low | Close | Volume | |
| 108.76 | 109.73 | 107.79 | 109.15 | 363,536 | |
05/03/2024 | 110.51 | 112.65 | 109.93 | 112.45 | 25,843 |
| 112.65 | 114.39 | 112.26 | 113.23 | 11,008 |
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Mekonomen Trading Date Momentum on May 3, 2024
| On May 06 2024 Mekonomen AB was traded for 113.23 at the closing time. The highest price during the trading period was 114.39 and the lowest recorded bid was listed for 112.26 . The volume for the day was 11 K. This history from May 6, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 0.69% . The trading delta at closing time to the current price is 3.28% . |
Mekonomen AB Fundamentals Correlations and Trends
By evaluating Mekonomen'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 Mekonomen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mekonomen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mekonomen Stock history
Mekonomen 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 Mekonomen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mekonomen 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 Mekonomen stock prices may prove useful in developing a viable investing in Mekonomen
Mekonomen AB operates a chain of car service stores in Sweden, Norway, Denmark, Poland, and Finland. The company was founded in 1973 and is headquartered in Stockholm, Sweden. Mekonomen operates under Auto Parts And Components classification in Sweden and is traded on Stockholm Stock Exchange. It employs 4958 people.
Mekonomen Stock Technical Analysis
Mekonomen 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
Mekonomen Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Mekonomen 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.
Mekonomen December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Mekonomen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mekonomen shares will generate the highest return on investment. By undertsting and applying Mekonomen stock market strength indicators, traders can identify Mekonomen AB entry and exit signals to maximize returns
Mekonomen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mekonomen's price direction in advance. Along with the technical and fundamental analysis of Mekonomen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mekonomen 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 | 0.0441 | |||
| Jensen Alpha | 0.0805 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (1.78) |
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Additional Tools for Mekonomen Stock Analysis
When running Mekonomen's price analysis, check to measure Mekonomen'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 Mekonomen is operating at the current time. Most of Mekonomen's value examination focuses on studying past and present price action to predict the probability of Mekonomen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mekonomen's price. Additionally, you may evaluate how the addition of Mekonomen to your portfolios can decrease your overall portfolio volatility.