SSAB AB (Sweden) Price on September 30, 2024

SSAB-A Stock  SEK 50.46  0.61  1.22%   
If you're considering investing in SSAB Stock, it is important to understand the factors that can impact its price. As of today, the current price of SSAB AB stands at 50.46, as last reported on the 4th of December, with the highest price reaching 50.96 and the lowest price hitting 49.85 during the day. At this point, SSAB AB is very steady. SSAB AB retains Efficiency (Sharpe Ratio) of 0.0731, which indicates the firm had a 0.0731% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SSAB AB, which you can use to evaluate the volatility of the company. Please validate SSAB AB's risk adjusted performance of 0.0567, and Downside Deviation of 1.66 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
  
SSAB Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0731

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Estimated Market Risk

 1.76
  actual daily
15
85% of assets are more volatile

Expected Return

 0.13
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.07
  actual daily
5
95% of assets perform better
Based on monthly moving average SSAB AB is performing at about 5% 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 SSAB AB by adding it to a well-diversified portfolio.

SSAB AB Valuation on September 30, 2024

It is possible to determine the worth of SSAB AB on a given historical date. On September 30, 2024 SSAB was worth 54.0 at the beginning of the trading date compared to the closed value of 53.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SSAB AB stock. Still, in general, we apply an absolute valuation method to find SSAB AB'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 SSAB AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SSAB AB's related companies.
 Open High Low Close Volume
  53.70    54.20    53.26    53.74    1,144,734  
09/30/2024
  54.00    54.52    52.56    53.18    955,097  
  53.18    53.48    52.28    52.72    889,124  
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Open Value
54.0
53.18
Closing Value
59.28
Upside

SSAB AB Trading Date Momentum on September 30, 2024

On October 01 2024 SSAB AB was traded for  52.72  at the closing time. The highest price during the trading period was 53.48  and the lowest recorded bid was listed for  52.28 . The volume for the day was 889.1 K. This history from October 1, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.86% . The trading price change to the current price is 4.51% .

SSAB AB Fundamentals Correlations and Trends

By evaluating SSAB AB'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 SSAB AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SSAB financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About SSAB AB Stock history

SSAB AB 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 SSAB is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SSAB 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 SSAB AB stock prices may prove useful in developing a viable investing in SSAB AB
It operates through five segments SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. SSAB AB was founded in 1978 and is headquartered in Stockholm, Sweden. SSAB AB operates under Steel classification in Sweden and is traded on Stockholm Stock Exchange. It employs 14594 people.

SSAB AB Stock Technical Analysis

SSAB AB 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.
A focus of SSAB AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SSAB AB trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

SSAB AB Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

SSAB 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.

SSAB AB December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how SSAB AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SSAB AB shares will generate the highest return on investment. By undertsting and applying SSAB AB stock market strength indicators, traders can identify SSAB AB entry and exit signals to maximize returns

SSAB AB Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SSAB AB's price direction in advance. Along with the technical and fundamental analysis of SSAB Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SSAB 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.

Complementary Tools for SSAB Stock analysis

When running SSAB AB's price analysis, check to measure SSAB AB'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 SSAB AB is operating at the current time. Most of SSAB AB's value examination focuses on studying past and present price action to predict the probability of SSAB AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SSAB AB's price. Additionally, you may evaluate how the addition of SSAB AB to your portfolios can decrease your overall portfolio volatility.
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