Svenska Handelsbanken (Sweden) Price on March 1, 2024
| SHB-B Stock | SEK 118.80 0.90 0.75% |
If you're considering investing in Svenska Stock, it is important to understand the factors that can impact its price. As of today, the current price of Svenska Handelsbanken stands at 118.80, as last reported on the 1st of May, with the highest price reaching 120.30 and the lowest price hitting 117.00 during the day. Svenska Handelsbanken owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0813, which indicates the firm had a -0.0813% return per unit of risk over the last 3 months. Svenska Handelsbanken AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Svenska Handelsbanken's Coefficient Of Variation of (995.94), risk adjusted performance of (0.06), and Variance of 3.57 to confirm the risk estimate we provide.
Svenska Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Svenska |
Sharpe Ratio = -0.0813
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Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Svenska Handelsbanken 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 Svenska Handelsbanken by adding Svenska Handelsbanken to a well-diversified portfolio.
Svenska Handelsbanken Valuation on March 1, 2024
It is possible to determine the worth of Svenska Handelsbanken on a given historical date. On March 1, 2024 Svenska was worth 155.0 at the beginning of the trading date compared to the closed value of 149.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Svenska Handelsbanken stock. Still, in general, we apply an absolute valuation method to find Svenska Handelsbanken'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 Svenska Handelsbanken where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Svenska Handelsbanken's related companies.
| Open | High | Low | Close | Volume | |
| 154.00 | 154.80 | 147.46 | 147.46 | 139,637 | |
03/01/2024 | 155.00 | 156.80 | 149.56 | 149.56 | 161,515 |
| 157.00 | 158.00 | 150.71 | 150.71 | 128,560 |
| Backtest Svenska Handelsbanken | | | Svenska Handelsbanken History | | | Svenska Handelsbanken Valuation | Previous | Next |
Svenska Handelsbanken Trading Date Momentum on March 1, 2024
| On March 04 2024 Svenska Handelsbanken AB was traded for 150.71 at the closing time. The highest price during the trading period was 158.00 and the lowest recorded bid was listed for 150.71 . The volume for the day was 128.6 K. This history from March 4, 2024 contributed to the next trading day price appreciation. The trading price change to the next closing price was 0.77% . The trading price change to the current price is 2.30% . |
Svenska Handelsbanken Fundamentals Correlations and Trends
By evaluating Svenska Handelsbanken'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 Svenska Handelsbanken's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Svenska financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Svenska Handelsbanken Stock history
Svenska Handelsbanken 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 Svenska is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Svenska Handelsbanken 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 Svenska Handelsbanken stock prices may prove useful in developing a viable investing in Svenska Handelsbanken
Svenska Handelsbanken AB provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, China, Germany, France, and Poland. Svenska Handelsbanken AB was incorporated in 1871 and is headquartered in Stockholm, Sweden. Svenska Handelsbanken is traded on Stockholm Stock Exchange in Sweden.
Svenska Handelsbanken Stock Technical Analysis
Svenska Handelsbanken 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
Svenska Handelsbanken Period Price Range
Low | March 1, 2024
| High |
155.00 | 149.56 |
Svenska Handelsbanken May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Svenska Handelsbanken stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Svenska Handelsbanken shares will generate the highest return on investment. By undertsting and applying Svenska Handelsbanken stock market strength indicators, traders can identify Svenska Handelsbanken AB entry and exit signals to maximize returns
| Accumulation Distribution | 7457.71 | |||
| Daily Balance Of Power | (0.75) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 153.18 | |||
| Day Typical Price | 151.97 | |||
| Price Action Indicator | (6.34) | |||
| Period Momentum Indicator | (30.76) | |||
| Relative Strength Index | 36.89 |
Svenska Handelsbanken Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Svenska Handelsbanken's price direction in advance. Along with the technical and fundamental analysis of Svenska Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Svenska 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 | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.81) |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Svenska Handelsbanken AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Svenska Handelsbanken information on this page should be used as a complementary analysis to other Svenska Handelsbanken's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Svenska Stock analysis
When running Svenska Handelsbanken's price analysis, check to measure Svenska Handelsbanken'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 Svenska Handelsbanken is operating at the current time. Most of Svenska Handelsbanken's value examination focuses on studying past and present price action to predict the probability of Svenska Handelsbanken's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Svenska Handelsbanken's price. Additionally, you may evaluate how the addition of Svenska Handelsbanken to your portfolios can decrease your overall portfolio volatility.
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