Medicover (Germany) Price on June 10, 2024

5M0B Stock  EUR 15.20  0.14  0.91%   
If you're considering investing in Medicover Stock, it is important to understand the factors that can impact its price. As of today, the current price of Medicover stands at 15.20, as last reported on the 11th of December 2024, with the highest price reaching 15.20 and the lowest price hitting 15.20 during the day. Medicover AB has Sharpe Ratio of -0.093, which conveys that the firm had a -0.093% return per unit of risk over the last 3 months. Medicover exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medicover's Mean Deviation of 1.11, risk adjusted performance of (0.04), and Standard Deviation of 1.46 to check out the risk estimate we provide.
  
Medicover Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.093

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Estimated Market Risk

 1.4
  actual daily
12
88% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average Medicover 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 Medicover by adding Medicover to a well-diversified portfolio.

Medicover Valuation on June 10, 2024

It is possible to determine the worth of Medicover on a given historical date. On June 10, 2024 Medicover was worth 17.34 at the beginning of the trading date compared to the closed value of 17.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Medicover stock. Still, in general, we apply an absolute valuation method to find Medicover'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 Medicover where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Medicover's related companies.
 Open High Low Close Volume
  17.66    17.66    17.56    17.56    40.00  
06/10/2024
  17.34    17.34    17.34    17.34    40.00  
  17.54    17.54    17.34    17.34    40.00  
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Open Value
17.34
17.34
Closing Value
21.53
Upside

Medicover Trading Date Momentum on June 10, 2024

On June 11 2024 Medicover AB was traded for  17.34  at the closing time. The maximum traded price for the trading interval was 17.54  and the lowest daily price was  17.34 . The daily volume was recorded at 40.0. The volume of trading on 11th of June 2024 did not cause price change. The trading delta at closing time to the closing price today is 2.65% .

Medicover AB Fundamentals Correlations and Trends

By evaluating Medicover'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 Medicover's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Medicover financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Medicover Stock history

Medicover 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 Medicover is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Medicover 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 Medicover stock prices may prove useful in developing a viable investing in Medicover
Medicover AB provides diagnostic and healthcare services in Germany, Romania, Ukraine, Poland, Belarus, Moldova, Serbia, Turkey, Georgia, Bulgaria, India, and Hungary. Medicover AB was founded in 1995 and is headquartered in Stockholm, Sweden. MEDICOVER operates under Health Care Plans classification in Germany and is traded on Frankfurt Stock Exchange. It employs 20970 people.

Medicover Stock Technical Analysis

Medicover 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.
A focus of Medicover technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Medicover trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Medicover Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Medicover AB cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Medicover December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Medicover stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medicover shares will generate the highest return on investment. By undertsting and applying Medicover stock market strength indicators, traders can identify Medicover AB entry and exit signals to maximize returns

Medicover Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Medicover's price direction in advance. Along with the technical and fundamental analysis of Medicover Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Medicover 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.

Complementary Tools for Medicover Stock analysis

When running Medicover's price analysis, check to measure Medicover'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 Medicover is operating at the current time. Most of Medicover's value examination focuses on studying past and present price action to predict the probability of Medicover's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medicover's price. Additionally, you may evaluate how the addition of Medicover to your portfolios can decrease your overall portfolio volatility.
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