NKT AS (Denmark) Price on July 9, 2024
NKT Stock | DKK 544.50 14.00 2.51% |
If you're considering investing in NKT Stock, it is important to understand the factors that can impact its price. As of today, the current price of NKT AS stands at 544.50, as last reported on the 2nd of December, with the highest price reaching 562.50 and the lowest price hitting 537.00 during the day. NKT AS has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of standard deviation over the last 3 months. NKT AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NKT AS's Risk Adjusted Performance of (0.09), market risk adjusted performance of 0.5656, and Mean Deviation of 1.36 to check out the risk estimate we provide.
NKT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NKT |
Sharpe Ratio = -0.1235
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Estimated Market Risk
1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NKT AS 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 NKT AS by adding NKT AS to a well-diversified portfolio.
NKT AS Valuation on July 9, 2024
It is possible to determine the worth of NKT AS on a given historical date. On July 9, 2024 NKT was worth 620.5 at the beginning of the trading date compared to the closed value of 620.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NKT AS stock. Still, in general, we apply an absolute valuation method to find NKT AS'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 NKT AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NKT AS's related companies.
Open | High | Low | Close | Volume | |
618.50 | 622.00 | 613.00 | 616.00 | 113,533 | |
07/09/2024 | 620.50 | 625.00 | 616.00 | 620.50 | 266,660 |
620.50 | 635.50 | 620.50 | 635.50 | 118,478 |
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NKT AS Trading Date Momentum on July 9, 2024
On July 10 2024 NKT AS was traded for 635.50 at the closing time. The maximum traded price for the trading interval was 635.50 and the lowest daily price was 620.50 . The daily volume was recorded at 118.5 K. The volume of trading on 10th of July 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 2.42% . The trading delta at closing time to the closing price today is 6.04% . |
NKT AS Fundamentals Correlations and Trends
By evaluating NKT AS'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 NKT AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NKT financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NKT AS Stock history
NKT AS 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 NKT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NKT AS 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 NKT AS stock prices may prove useful in developing a viable investing in NKT AS
NKT AS develops, manufactures, and markets cables, accessories, and solutions worldwide. NKT AS was founded in 1891 and is headquartered in Brndby, Denmark. NKT AS operates under Cables, Wires And Transmission classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 3698 people.
NKT AS Stock Technical Analysis
NKT AS 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
NKT AS Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
NKT 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.
NKT AS December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how NKT AS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NKT AS shares will generate the highest return on investment. By undertsting and applying NKT AS stock market strength indicators, traders can identify NKT AS entry and exit signals to maximize returns
NKT AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NKT AS's price direction in advance. Along with the technical and fundamental analysis of NKT Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NKT 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 | (0.09) | |||
Jensen Alpha | (0.19) | |||
Total Risk Alpha | (0.55) | |||
Treynor Ratio | 0.5556 |
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Other Information on Investing in NKT Stock
NKT AS financial ratios help investors to determine whether NKT 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 NKT with respect to the benefits of owning NKT AS security.