Telefonaktiebolaget (Sweden) Price on January 31, 2024
| ERIC-B Stock | SEK 56.78 0.84 1.50% |
If you're considering investing in Telefonaktiebolaget Stock, it is important to understand the factors that can impact its price. As of today, the current price of Telefonaktiebolaget stands at 56.78, as last reported on the 4th of May, with the highest price reaching 57.04 and the lowest price hitting 56.12 during the day. We consider Telefonaktiebolaget very steady. Telefonaktiebolaget owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.037, which indicates the firm had a 0.037% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Telefonaktiebolaget LM Ericsson, which you can use to evaluate the volatility of the company. Please validate Telefonaktiebolaget's Coefficient Of Variation of (1,779), variance of 1.65, and Risk Adjusted Performance of (0.03) to confirm if the risk estimate we provide is consistent with the expected return of 0.0468%.
Telefonaktiebolaget Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Telefonaktiebolaget |
Sharpe Ratio = 0.037
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| Negative Returns | ERIC-B |
Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Telefonaktiebolaget is performing at about 2% 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 Telefonaktiebolaget by adding it to a well-diversified portfolio.
Telefonaktiebolaget Valuation on January 31, 2024
It is possible to determine the worth of Telefonaktiebolaget on a given historical date. On January 31, 2024 Telefonaktiebolaget was worth 57.71 at the beginning of the trading date compared to the closed value of 56.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Telefonaktiebolaget stock. Still, in general, we apply an absolute valuation method to find Telefonaktiebolaget'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 Telefonaktiebolaget where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Telefonaktiebolaget's related companies.
| Open | High | Low | Close | Volume | |
| 60.60 | 60.85 | 57.79 | 57.79 | 20,572,600 | |
01/31/2024 | 57.71 | 58.39 | 56.40 | 56.40 | 14,755,510 |
| 57.81 | 58.40 | 55.65 | 55.65 | 10,632,870 |
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Telefonaktiebolaget Trading Date Momentum on January 31, 2024
| On February 01 2024 Telefonaktiebolaget LM Ericsson was traded for 55.65 at the closing time. The highest price during the trading period was 58.40 and the lowest recorded bid was listed for 55.65 . The volume for the day was 10.6 M. This history from February 1, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.33% . The trading price change to the current price is 1.37% . |
Telefonaktiebolaget Fundamentals Correlations and Trends
By evaluating Telefonaktiebolaget'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 Telefonaktiebolaget's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Telefonaktiebolaget financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Telefonaktiebolaget Stock history
Telefonaktiebolaget 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 Telefonaktiebolaget is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Telefonaktiebolaget 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 Telefonaktiebolaget stock prices may prove useful in developing a viable investing in Telefonaktiebolaget
Telefonaktiebolaget LM Ericsson , together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. Telefonaktiebolaget LM Ericsson was founded in 1876 and is headquartered in Stockholm, Sweden. Ericsson Telefonab operates under Communication Equipment classification in Sweden and is traded on Stockholm Stock Exchange. It employs 101113 people.
Telefonaktiebolaget Stock Technical Analysis
Telefonaktiebolaget 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
Telefonaktiebolaget Period Price Range
Low | January 31, 2024
| High |
57.71 | 56.40 |
Telefonaktiebolaget May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Telefonaktiebolaget stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Telefonaktiebolaget shares will generate the highest return on investment. By undertsting and applying Telefonaktiebolaget stock market strength indicators, traders can identify Telefonaktiebolaget LM Ericsson entry and exit signals to maximize returns
| Accumulation Distribution | 502885.0 | |||
| Daily Balance Of Power | (0.66) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 57.4 | |||
| Day Typical Price | 57.06 | |||
| Price Action Indicator | (1.65) | |||
| Period Momentum Indicator | 0.38 |
Telefonaktiebolaget Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Telefonaktiebolaget's price direction in advance. Along with the technical and fundamental analysis of Telefonaktiebolaget Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Telefonaktiebolaget 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 | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.3205 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Telefonaktiebolaget LM Ericsson. 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 Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Telefonaktiebolaget Stock analysis
When running Telefonaktiebolaget's price analysis, check to measure Telefonaktiebolaget'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 Telefonaktiebolaget is operating at the current time. Most of Telefonaktiebolaget's value examination focuses on studying past and present price action to predict the probability of Telefonaktiebolaget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Telefonaktiebolaget's price. Additionally, you may evaluate how the addition of Telefonaktiebolaget to your portfolios can decrease your overall portfolio volatility.
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