BICO Group (Sweden) Price on February 20, 2024
| BICO Stock | 33.02 0.46 1.41% |
If you're considering investing in BICO Stock, it is important to understand the factors that can impact its price. As of today, the current price of BICO Group stands at 33.02, as last reported on the 11th of December 2024, with the highest price reaching 33.14 and the lowest price hitting 31.58 during the day. BICO Group AB retains Efficiency (Sharpe Ratio) of -0.088, which signifies that the company had a -0.088% return per unit of risk over the last 3 months. BICO Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BICO Group's market risk adjusted performance of 1.04, and Variance of 23.62 to double-check the risk estimate we provide.
BICO Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
BICO |
Sharpe Ratio = -0.088
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| Negative Returns | BICO |
Estimated Market Risk
| 4.88 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.43 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 BICO 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 BICO Group by adding BICO Group to a well-diversified portfolio.
BICO Group Valuation on February 20, 2024
It is possible to determine the worth of BICO Group on a given historical date. On February 20, 2024 BICO was worth 45.9 at the beginning of the trading date compared to the closed value of 43.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BICO Group stock. Still, in general, we apply an absolute valuation method to find BICO 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 BICO Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BICO Group's related companies.
| Open | High | Low | Close | Volume | |
| 47.14 | 48.60 | 45.83 | 47.58 | 260,561 | |
02/20/2024 | 45.90 | 47.19 | 36.54 | 43.10 | 2,138,275 |
| 44.66 | 49.00 | 44.66 | 47.25 | 840,069 |
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BICO Group Trading Date Momentum on February 20, 2024
| On February 21 2024 BICO Group AB was traded for 47.25 at the closing time. The highest price during the trading period was 49.00 and the lowest recorded bid was listed for 44.66 . The volume for the day was 840.1 K. This history from February 21, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 9.63% . The overall trading delta to the current price is 2.41% . |
BICO Group AB Fundamentals Correlations and Trends
By evaluating BICO 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 BICO Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BICO financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BICO Group Stock history
BICO 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 BICO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BICO 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 BICO Group stock prices may prove useful in developing a viable investing in BICO Group
BICO Group Stock Technical Analysis
BICO 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
BICO Group Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
BICO Group AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
BICO Group December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how BICO 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 BICO Group shares will generate the highest return on investment. By undertsting and applying BICO Group stock market strength indicators, traders can identify BICO Group AB entry and exit signals to maximize returns
BICO Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BICO Group's price direction in advance. Along with the technical and fundamental analysis of BICO Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BICO 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 | (0.05) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | 1.03 |
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Additional Tools for BICO Stock Analysis
When running BICO Group's price analysis, check to measure BICO 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 BICO Group is operating at the current time. Most of BICO Group's value examination focuses on studying past and present price action to predict the probability of BICO 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 BICO Group's price. Additionally, you may evaluate how the addition of BICO Group to your portfolios can decrease your overall portfolio volatility.