Clinical Laserthermia (Sweden) Price on June 20, 2024
| CLS-B Stock | SEK 4.36 0.12 2.83% |
If you're considering investing in Clinical Stock, it is important to understand the factors that can impact its price. As of today, the current price of Clinical Laserthermia stands at 4.36, as last reported on the 29th of November, with the highest price reaching 4.36 and the lowest price hitting 4.02 during the day. Clinical Laserthermia secures Sharpe Ratio (or Efficiency) of -0.0125, which signifies that the company had a -0.0125% return per unit of risk over the last 3 months. Clinical Laserthermia Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clinical Laserthermia's Standard Deviation of 5.71, mean deviation of 4.19, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide.
Clinical Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Clinical |
Sharpe Ratio = -0.0125
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Estimated Market Risk
| 5.7 actual daily | 50 50% of assets are less volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Clinical Laserthermia 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 Clinical Laserthermia by adding Clinical Laserthermia to a well-diversified portfolio.
Clinical Laserthermia Valuation on June 20, 2024
It is possible to determine the worth of Clinical Laserthermia on a given historical date. On June 20, 2024 Clinical was worth 6.1 at the beginning of the trading date compared to the closed value of 6.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Clinical Laserthermia stock. Still, in general, we apply an absolute valuation method to find Clinical Laserthermia'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 Clinical Laserthermia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Clinical Laserthermia's related companies.
| Open | High | Low | Close | Volume | |
| 5.85 | 6.00 | 5.75 | 5.80 | 52,998 | |
06/20/2024 | 6.10 | 6.10 | 5.78 | 6.07 | 89,644 |
| 6.07 | 6.25 | 5.85 | 6.00 | 30,034 |
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Clinical Laserthermia Trading Date Momentum on June 20, 2024
| On June 24 2024 Clinical Laserthermia Systems was traded for 6.00 at the closing time. The highest price during the trading period was 6.25 and the lowest recorded bid was listed for 5.85 . The volume for the day was 30 K. This history from June 24, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.15% . The overall trading delta to the current price is 1.32% . |
Clinical Laserthermia Fundamentals Correlations and Trends
By evaluating Clinical Laserthermia'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 Clinical Laserthermia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Clinical financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Clinical Laserthermia Stock history
Clinical Laserthermia 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 Clinical is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Clinical Laserthermia 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 Clinical Laserthermia stock prices may prove useful in developing a viable investing in Clinical Laserthermia
Clinical Laserthermia Systems AB develops and markets therapies, systems, and single-use instruments for thermal treatment of solid cancer tumors in Sweden. Clinical Laserthermia Systems AB has a collaboration agreement with Image Guided Therapy SA to develop and commercialize a software product for MR-generated temperature monitoring and a collaborative license and co-development agreement with MRI Interventions, Inc. to provide navigation and laser ablation platforms for use in spine and neurosurgery. Clinical Laserthermia is traded on Stockholm Stock Exchange in Sweden.
Clinical Laserthermia Stock Technical Analysis
Clinical Laserthermia 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
Clinical Laserthermia Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Clinical Laserthermia Systems 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.
Clinical Laserthermia November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Clinical Laserthermia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Clinical Laserthermia shares will generate the highest return on investment. By undertsting and applying Clinical Laserthermia stock market strength indicators, traders can identify Clinical Laserthermia Systems entry and exit signals to maximize returns
Clinical Laserthermia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Clinical Laserthermia's price direction in advance. Along with the technical and fundamental analysis of Clinical Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Clinical 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 | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | 0.1776 |
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Additional Tools for Clinical Stock Analysis
When running Clinical Laserthermia's price analysis, check to measure Clinical Laserthermia'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 Clinical Laserthermia is operating at the current time. Most of Clinical Laserthermia's value examination focuses on studying past and present price action to predict the probability of Clinical Laserthermia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clinical Laserthermia's price. Additionally, you may evaluate how the addition of Clinical Laserthermia to your portfolios can decrease your overall portfolio volatility.