Alm Brand (Denmark) Price on March 11, 2024
| ALMB Stock | DKK 13.31 0.06 0.45% |
If you're considering investing in Alm Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alm Brand stands at 13.31, as last reported on the 11th of May 2024, with the highest price reaching 13.31 and the lowest price hitting 13.14 during the day. We consider Alm Brand not too volatile. Alm Brand secures Sharpe Ratio (or Efficiency) of 0.081, which signifies that the company had a 0.081% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alm Brand, which you can use to evaluate the volatility of the firm. Please confirm Alm Brand's Risk Adjusted Performance of 0.0508, downside deviation of 1.38, and Mean Deviation of 1.08 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%.
Alm Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alm |
Sharpe Ratio = 0.081
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | ALMB | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.69 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Alm Brand is performing at about 6% 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 Alm Brand by adding it to a well-diversified portfolio.
Alm Brand Valuation on March 11, 2024
It is possible to determine the worth of Alm Brand on a given historical date. On March 11, 2024 Alm was worth 12.73 at the beginning of the trading date compared to the closed value of 12.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alm Brand stock. Still, in general, we apply an absolute valuation method to find Alm Brand'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 Alm Brand where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alm Brand's related companies.
| Open | High | Low | Close | Volume | |
| 12.70 | 12.84 | 12.60 | 12.82 | 1,266,875 | |
03/11/2024 | 12.73 | 12.75 | 12.53 | 12.69 | 1,297,459 |
| 12.70 | 12.82 | 12.57 | 12.75 | 1,316,895 |
| Backtest Alm Brand | | | Alm Brand History | | | Alm Brand Valuation | Previous | Next |
Alm Brand Trading Date Momentum on March 11, 2024
| On March 12 2024 Alm Brand was traded for 12.75 at the closing time. The highest price during the trading period was 12.82 and the lowest recorded bid was listed for 12.57 . The volume for the day was 1.3 M. This history from March 12, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 0.47% . The overall trading delta to the current price is 3.39% . |
Alm Brand Fundamentals Correlations and Trends
By evaluating Alm Brand'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 Alm Brand's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alm financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alm Brand Stock history
Alm Brand 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 Alm is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alm Brand 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 Alm Brand stock prices may prove useful in developing a viable investing in Alm Brand
Brand AS, together with its subsidiaries, provides non-life insurance, banking, and life and pension insurance products and services in Denmark. Brand AS was founded in 1792 and is headquartered in Copenhagen, Denmark. Alm Brand operates under Insurance - General classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 1743 people.
Alm Brand Stock Technical Analysis
Alm Brand 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
Alm Brand Period Price Range
Low | March 11, 2024
| High |
12.73 | 12.69 |
Alm Brand May 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Alm Brand stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alm Brand shares will generate the highest return on investment. By undertsting and applying Alm Brand stock market strength indicators, traders can identify Alm Brand entry and exit signals to maximize returns
Alm Brand Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alm Brand's price direction in advance. Along with the technical and fundamental analysis of Alm Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alm 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 | 0.0508 | |||
| Jensen Alpha | 0.0633 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.025 | |||
| Treynor Ratio | 0.1777 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alm Brand. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Alm Stock analysis
When running Alm Brand's price analysis, check to measure Alm Brand'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 Alm Brand is operating at the current time. Most of Alm Brand's value examination focuses on studying past and present price action to predict the probability of Alm Brand's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alm Brand's price. Additionally, you may evaluate how the addition of Alm Brand to your portfolios can decrease your overall portfolio volatility.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |