Robit Oyj (Finland) Price on October 23, 2024
ROBIT Stock | EUR 1.34 0.05 3.88% |
If you're considering investing in Robit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Robit Oyj stands at 1.34, as last reported on the 28th of December, with the highest price reaching 1.40 and the lowest price hitting 1.28 during the day. Robit Oyj maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Robit Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Robit Oyj's Coefficient Of Variation of (753.27), risk adjusted performance of (0.1), and Variance of 4.79 to confirm the risk estimate we provide.
Robit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Robit |
Sharpe Ratio = -0.1304
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | ROBIT |
Estimated Market Risk
2.23 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Robit Oyj 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 Robit Oyj by adding Robit Oyj to a well-diversified portfolio.
Robit Oyj Valuation on October 23, 2024
It is possible to determine the worth of Robit Oyj on a given historical date. On October 23, 2024 Robit was worth 1.61 at the beginning of the trading date compared to the closed value of 1.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Robit Oyj stock. Still, in general, we apply an absolute valuation method to find Robit Oyj'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 Robit Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Robit Oyj's related companies.
Open | High | Low | Close | Volume | |
1.60 | 1.62 | 1.60 | 1.61 | 4,419 | |
10/23/2024 | 1.61 | 1.61 | 1.42 | 1.45 | 43,975 |
1.58 | 1.58 | 1.42 | 1.46 | 42,949 |
Backtest Robit Oyj | | | Robit Oyj History | | | Robit Oyj Valuation | Previous | Next |
Robit Oyj Trading Date Momentum on October 23, 2024
On October 24 2024 Robit Oyj was traded for 1.46 at the closing time. The highest price during the trading period was 1.58 and the lowest recorded bid was listed for 1.42 . The volume for the day was 42.9 K. This history from October 24, 2024 contributed to the next trading day price growth. 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 4.14% . |
Robit Oyj Fundamentals Correlations and Trends
By evaluating Robit Oyj'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 Robit Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Robit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Robit Oyj Stock history
Robit Oyj 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 Robit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Robit Oyj 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 Robit Oyj stock prices may prove useful in developing a viable investing in Robit Oyj
Robit Oyj manufactures and sells drilling consumables for applications in mining, construction and contracting, tunneling, and well drilling industries. Robit Oyj was founded in 1985 and is headquartered in Lempl, Finland. Robit Oyj operates under Industrial Equipment And Light Machinery classification in Finland and is traded on Helsinki Exchange. It employs 283 people.
Robit Oyj Stock Technical Analysis
Robit Oyj 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
Robit Oyj Period Price Range
Low | December 28, 2024
| High |
0.00 | 0.00 |
Robit Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki 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.
Robit Oyj December 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Robit Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Robit Oyj shares will generate the highest return on investment. By undertsting and applying Robit Oyj stock market strength indicators, traders can identify Robit Oyj entry and exit signals to maximize returns
Robit Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Robit Oyj's price direction in advance. Along with the technical and fundamental analysis of Robit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Robit 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 | (0.1) | |||
Jensen Alpha | (0.30) | |||
Total Risk Alpha | (0.36) | |||
Treynor Ratio | 2.13 |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for Robit Stock analysis
When running Robit Oyj's price analysis, check to measure Robit Oyj'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 Robit Oyj is operating at the current time. Most of Robit Oyj's value examination focuses on studying past and present price action to predict the probability of Robit Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Robit Oyj's price. Additionally, you may evaluate how the addition of Robit Oyj to your portfolios can decrease your overall portfolio volatility.
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data |