Candela Invest (Belgium) Price on February 22, 2024
| CAND Stock | EUR 1.20 0.00 0.00% |
If you're considering investing in Candela Stock, it is important to understand the factors that can impact its price. As of today, the current price of Candela Invest stands at 1.20, as last reported on the 23rd of December, with the highest price reaching 1.20 and the lowest price hitting 1.20 during the day. Candela Invest SA secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Candela Invest SA exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Candela Invest's Standard Deviation of 7.27, mean deviation of 2.0, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide.
Candela Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Candela |
Sharpe Ratio = -0.1432
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| Negative Returns | CAND |
Estimated Market Risk
| 7.33 actual daily | 65 65% of assets are less volatile |
Expected Return
| -1.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Candela Invest 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 Candela Invest by adding Candela Invest to a well-diversified portfolio.
Candela Invest Valuation on February 22, 2024
It is possible to determine the worth of Candela Invest on a given historical date. On February 22, 2024 Candela was worth 2.02 at the beginning of the trading date compared to the closed value of 2.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Candela Invest stock. Still, in general, we apply an absolute valuation method to find Candela Invest'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 Candela Invest where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Candela Invest's related companies.
| Open | High | Low | Close | Volume | |
| 3.00 | 3.00 | 3.00 | 3.00 | 1.00 | |
02/22/2024 | 2.02 | 2.02 | 2.02 | 2.02 | 400.00 |
| 2.02 | 2.02 | 2.02 | 2.02 | 400.00 |
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Candela Invest Trading Date Momentum on February 22, 2024
| On February 23 2024 Candela Invest SA was traded for 2.02 at the closing time. The highest price during the trading period was 2.02 and the lowest recorded bid was listed for 2.02 . The volume for the day was 400. This history from February 23, 2024 did not affect price variability. The overall trading delta to the current price is 3.96% . |
Candela Invest SA Fundamentals Correlations and Trends
By evaluating Candela Invest'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 Candela Invest's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Candela financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Candela Invest Stock history
Candela Invest 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 Candela is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Candela Invest SA 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 Candela Invest stock prices may prove useful in developing a viable investing in Candela Invest
Candela Invest Stock Technical Analysis
Candela Invest 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
Candela Invest Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Candela Invest SA cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Brussels. 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.
Candela Invest December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Candela Invest stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Candela Invest shares will generate the highest return on investment. By undertsting and applying Candela Invest stock market strength indicators, traders can identify Candela Invest SA entry and exit signals to maximize returns
Candela Invest Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Candela Invest's price direction in advance. Along with the technical and fundamental analysis of Candela Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Candela 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 | (0.10) | |||
| Jensen Alpha | (1.07) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (0.83) |
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Additional Tools for Candela Stock Analysis
When running Candela Invest's price analysis, check to measure Candela Invest'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 Candela Invest is operating at the current time. Most of Candela Invest's value examination focuses on studying past and present price action to predict the probability of Candela Invest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Candela Invest's price. Additionally, you may evaluate how the addition of Candela Invest to your portfolios can decrease your overall portfolio volatility.