OMX Copenhagen (Denmark) Price on August 5, 2024
| OMXCPI Index | 1,747 1.28 0.07% |
Below is the normalized historical share price chart for OMX Copenhagen All extending back to February 13, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of OMX Copenhagen stands at 1,747, as last reported on the 31st of October, with the highest price reaching 1,752 and the lowest price hitting 1,690 during the day.
If you're considering investing in OMX Index, it is important to understand the factors that can impact its price. OMX Copenhagen All maintains Sharpe Ratio (i.e., Efficiency) of -0.0713, which implies the entity had a -0.0713% return per unit of standard deviation over the last 3 months. OMX Copenhagen All exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. OMX Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = -0.0713
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OMXCPI |
Estimated Market Risk
| 1.3 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average OMX Copenhagen 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 OMX Copenhagen by adding OMX Copenhagen to a well-diversified portfolio.
OMX Copenhagen Valuation on August 5, 2024
It is possible to determine the worth of OMX Copenhagen on a given historical date. On August 5, 2024 OMX was worth 1802.48 at the beginning of the trading date compared to the closed value of 1805.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OMX Copenhagen index. Still, in general, we apply an absolute valuation method to find OMX Copenhagen'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 OMX Copenhagen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OMX Copenhagen's related companies.
| Open | High | Low | Close | Volume | |
| 1,923 | 1,923 | 1,863 | 1,864 | 22,545,700 | |
08/05/2024 | 1,802 | 1,839 | 1,764 | 1,806 | 23,525,076 |
| 1,859 | 1,867 | 1,832 | 1,862 | 21,993,764 |
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OMX Copenhagen Trading Date Momentum on August 5, 2024
| On August 06 2024 OMX Copenhagen All was traded for 1,862 at the closing time. The highest price during the trading period was 1,867 and the lowest recorded bid was listed for 1,832 . The volume for the day was 22 M. This history from August 6, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 3.10% . The trading delta at closing time to the current price is 6.09% . |
Price Boundaries
OMX Copenhagen Period Price Range
Low | October 31, 2024
| High |
0.00 | 0.00 |
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OMX Copenhagen October 31, 2024 Market Strength
Market strength indicators help investors to evaluate how OMX Copenhagen index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OMX Copenhagen shares will generate the highest return on investment. By undertsting and applying OMX Copenhagen index market strength indicators, traders can identify OMX Copenhagen All entry and exit signals to maximize returns
OMX Copenhagen Technical Drivers
OMX Copenhagen October 31, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OMX Copenhagen's price direction in advance. Along with the technical and fundamental analysis of OMX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of OMX 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 | (0.08) | |||
| Mean Deviation | 0.9564 | |||
| Coefficient Of Variation | (917.27) | |||
| Standard Deviation | 1.35 | |||
| Variance | 1.82 | |||
| Information Ratio | (0.15) | |||
| Total Risk Alpha | (0.23) | |||
| Maximum Drawdown | 6.75 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 2.12 | |||
| Skewness | 0.045 | |||
| Kurtosis | 1.02 |
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