Anoto Group (Sweden) Price on February 28, 2024
| ANOT Stock | SEK 0.17 0.03 15.00% |
If you're considering investing in Anoto Stock, it is important to understand the factors that can impact its price. As of today, the current price of Anoto Group stands at 0.17, as last reported on the 5th of May, with the highest price reaching 0.20 and the lowest price hitting 0.16 during the day. Anoto Group AB secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of risk over the last 3 months. Anoto Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anoto Group's Standard Deviation of 3.73, mean deviation of 2.56, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide.
Anoto Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Anoto |
Sharpe Ratio = -0.2331
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| Negative Returns | ANOT |
Estimated Market Risk
| 3.76 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.88 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.23 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Anoto 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 Anoto Group by adding Anoto Group to a well-diversified portfolio.
Anoto Group Valuation on February 28, 2024
It is possible to determine the worth of Anoto Group on a given historical date. On February 28, 2024 Anoto was worth 0.31 at the beginning of the trading date compared to the closed value of 0.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Anoto Group stock. Still, in general, we apply an absolute valuation method to find Anoto 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 Anoto Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Anoto Group's related companies.
| Open | High | Low | Close | Volume | |
| 0.31 | 0.31 | 0.30 | 0.31 | 208,910 | |
02/28/2024 | 0.31 | 0.32 | 0.30 | 0.31 | 203,147 |
| 0.31 | 0.32 | 0.27 | 0.27 | 250,130 |
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Anoto Group Trading Date Momentum on February 28, 2024
| On February 29 2024 Anoto Group AB was traded for 0.27 at the closing time. The highest price during the trading period was 0.32 and the lowest recorded bid was listed for 0.27 . The volume for the day was 250.1 K. This history from February 29, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 12.90% . The overall trading delta to the current price is 16.13% . |
Anoto Group AB Fundamentals Correlations and Trends
By evaluating Anoto 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 Anoto Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Anoto financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Anoto Group Stock history
Anoto 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 Anoto is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Anoto 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 Anoto Group stock prices may prove useful in developing a viable investing in Anoto Group
Anoto Group AB , together with its subsidiaries, provides digital writing and drawing solutions. It operates primarily in Sweden and rest of European Union countries, the United States, Japan, rest of Asian countries, and internationally. Anoto Group operates under Image Processing classification in Sweden and is traded on Stockholm Stock Exchange.
Anoto Group Stock Technical Analysis
Anoto 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
Anoto Group Period Price Range
Low | February 28, 2024
| High |
0.31 | 0.31 |
Anoto Group May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Anoto 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 Anoto Group shares will generate the highest return on investment. By undertsting and applying Anoto Group stock market strength indicators, traders can identify Anoto Group AB entry and exit signals to maximize returns
| Accumulation Distribution | 12696.69 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.31 | |||
| Day Typical Price | 0.31 | |||
| Period Momentum Indicator | (0.14) | |||
| Relative Strength Index | 48.3 |
Anoto Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Anoto Group's price direction in advance. Along with the technical and fundamental analysis of Anoto Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Anoto 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 | (0.14) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (1.30) | |||
| Treynor Ratio | (24.50) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anoto Group 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 board of governors. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Anoto Stock analysis
When running Anoto Group's price analysis, check to measure Anoto 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 Anoto Group is operating at the current time. Most of Anoto Group's value examination focuses on studying past and present price action to predict the probability of Anoto 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 Anoto Group's price. Additionally, you may evaluate how the addition of Anoto Group to your portfolios can decrease your overall portfolio volatility.
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