Scandinavian ChemoTech (Sweden) Price on November 5, 2024

CMOTEC-B  SEK 1.74  0.04  2.35%   
If you're considering investing in Scandinavian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Scandinavian ChemoTech stands at 1.74, as last reported on the 2nd of December, with the highest price reaching 1.98 and the lowest price hitting 1.51 during the day. Scandinavian ChemoTech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0252, which indicates the firm had a -0.0252% return per unit of risk over the last 3 months. Scandinavian ChemoTech AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scandinavian ChemoTech's Variance of 15.58, coefficient of variation of (3,850), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
  
Scandinavian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0252

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Estimated Market Risk

 3.92
  actual daily
34
66% of assets are more volatile

Expected Return

 -0.1
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Scandinavian ChemoTech 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 Scandinavian ChemoTech by adding Scandinavian ChemoTech to a well-diversified portfolio.

Scandinavian ChemoTech Valuation on November 5, 2024

It is possible to determine the worth of Scandinavian ChemoTech on a given historical date. On November 5, 2024 Scandinavian was worth 1.76 at the beginning of the trading date compared to the closed value of 1.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Scandinavian ChemoTech stock. Still, in general, we apply an absolute valuation method to find Scandinavian ChemoTech'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 Scandinavian ChemoTech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Scandinavian ChemoTech's related companies.
 Open High Low Close Volume
  1.82    1.86    1.76    1.85    21,940  
11/05/2024
  1.76    1.99    1.76    1.89    2,149  
  1.86    1.96    1.75    1.84    21,190  
Backtest Scandinavian ChemoTech  |  Scandinavian ChemoTech History  |  Scandinavian ChemoTech Valuation   PreviousNext  
Open Value
1.76
1.89
Closing Value
13.51
Upside

Scandinavian ChemoTech Trading Date Momentum on November 5, 2024

On November 06 2024 Scandinavian ChemoTech AB was traded for  1.84  at the closing time. The highest price during the trading period was 1.96  and the lowest recorded bid was listed for  1.75 . The volume for the day was 21.2 K. This history from November 6, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.65% . The trading price change to the current price is 12.17% .

Scandinavian ChemoTech Fundamentals Correlations and Trends

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

About Scandinavian ChemoTech Stock history

Scandinavian ChemoTech 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 Scandinavian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Scandinavian ChemoTech 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 Scandinavian ChemoTech stock prices may prove useful in developing a viable investing in Scandinavian ChemoTech
Scandinavian ChemoTech AB provides cancer care and pain management solutions. Scandinavian ChemoTech AB is headquartered in Malmo, Sweden. Scandinavian ChemoTech is traded on Stockholm Stock Exchange in Sweden.

Scandinavian ChemoTech Stock Technical Analysis

Scandinavian ChemoTech 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 Scandinavian ChemoTech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Scandinavian ChemoTech 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

Scandinavian ChemoTech Period Price Range

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December 2, 2024
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Scandinavian ChemoTech 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.

Scandinavian ChemoTech December 2, 2024 Market Strength

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

Scandinavian ChemoTech Technical and Predictive Indicators

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

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