Troax Group (Sweden) Price on April 23, 2024
| TROAX Stock | SEK 208.50 1.50 0.71% |
If you're considering investing in Troax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Troax Group stands at 208.50, as last reported on the 30th of November, with the highest price reaching 211.00 and the lowest price hitting 207.00 during the day. Troax Group AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0439, which indicates the firm had a -0.0439% return per unit of risk over the last 3 months. Troax Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Troax Group's Variance of 3.28, coefficient of variation of (2,401), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
Troax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Troax |
Sharpe Ratio = -0.0439
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Estimated Market Risk
| 1.83 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Troax Group 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 Troax Group by adding Troax Group to a well-diversified portfolio.
Troax Group Valuation on April 23, 2024
It is possible to determine the worth of Troax Group on a given historical date. On April 23, 2024 Troax was worth 216.0 at the beginning of the trading date compared to the closed value of 208.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Troax Group stock. Still, in general, we apply an absolute valuation method to find Troax Group'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 Troax Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Troax Group's related companies.
| Open | High | Low | Close | Volume | |
| 231.63 | 233.13 | 210.66 | 211.66 | 167,553 | |
04/23/2024 | 216.00 | 219.00 | 205.50 | 208.50 | 310,312 |
| 208.00 | 213.50 | 205.50 | 209.50 | 46,650 |
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Troax Group Trading Date Momentum on April 23, 2024
| On April 24 2024 Troax Group AB was traded for 209.50 at the closing time. The highest price during the trading period was 213.50 and the lowest recorded bid was listed for 205.50 . The volume for the day was 46.6 K. This history from April 24, 2024 contributed to the next trading day price appreciation. The trading price change to the next closing price was 0.48% . The trading price change to the current price is 5.76% . |
Troax Group AB Fundamentals Correlations and Trends
By evaluating Troax Group'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 Troax Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Troax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Troax Group Stock history
Troax Group 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 Troax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Troax Group 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 Troax Group stock prices may prove useful in developing a viable investing in Troax Group
Troax Group AB , through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Continental Europe, and internationally. Troax Group AB was founded in 1955 and is headquartered in Hillerstorp, Sweden. Troax Group operates under Specialty Industrial Machinery classification in Sweden and is traded on Stockholm Stock Exchange. It employs 1055 people.
Troax Group Stock Technical Analysis
Troax Group 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
Troax Group Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Troax Group 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.
Troax Group November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Troax Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Troax Group shares will generate the highest return on investment. By undertsting and applying Troax Group stock market strength indicators, traders can identify Troax Group AB entry and exit signals to maximize returns
Troax Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Troax Group's price direction in advance. Along with the technical and fundamental analysis of Troax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Troax 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 | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 1.6 |
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Additional Tools for Troax Stock Analysis
When running Troax Group's price analysis, check to measure Troax Group'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 Troax Group is operating at the current time. Most of Troax Group's value examination focuses on studying past and present price action to predict the probability of Troax Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Troax Group's price. Additionally, you may evaluate how the addition of Troax Group to your portfolios can decrease your overall portfolio volatility.