Midsummer (Sweden) Price on October 2, 2024
| MIDS Stock | SEK 1.56 0.24 18.18% |
If you're considering investing in Midsummer Stock, it is important to understand the factors that can impact its price. As of today, the current price of Midsummer stands at 1.56, as last reported on the 4th of December, with the highest price reaching 1.56 and the lowest price hitting 1.32 during the day. Midsummer appears to be extremely dangerous, given 3 months investment horizon. Midsummer AB has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Midsummer's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please exercise Midsummer's Mean Deviation of 3.29, downside deviation of 2.84, and Risk Adjusted Performance of 0.1096 to check out if our risk estimates are consistent with your expectations.
Midsummer Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Midsummer |
Sharpe Ratio = 0.1284
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Estimated Market Risk
| 4.89 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.63 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Midsummer is performing at about 10% of its full potential. 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 Midsummer by adding it to a well-diversified portfolio.
Midsummer Valuation on October 2, 2024
It is possible to determine the worth of Midsummer on a given historical date. On October 2, 2024 Midsummer was worth 1.0 at the beginning of the trading date compared to the closed value of 1.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Midsummer stock. Still, in general, we apply an absolute valuation method to find Midsummer'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 Midsummer where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Midsummer's related companies.
| Open | High | Low | Close | Volume | |
| 1.02 | 1.04 | 1.00 | 1.00 | 187,859 | |
10/02/2024 | 1.00 | 1.05 | 1.00 | 1.04 | 137,785 |
| 1.04 | 1.05 | 1.02 | 1.02 | 222,932 |
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Midsummer Trading Date Momentum on October 2, 2024
| On October 03 2024 Midsummer AB was traded for 1.02 at the closing time. The highest price during the trading period was 1.05 and the lowest recorded bid was listed for 1.02 . The volume for the day was 222.9 K. This history from October 3, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.92% . The trading delta at closing time to the current price is 0.00% . |
Midsummer AB Fundamentals Correlations and Trends
By evaluating Midsummer'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 Midsummer's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Midsummer financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Midsummer Stock history
Midsummer 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 Midsummer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Midsummer 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 Midsummer stock prices may prove useful in developing a viable investing in Midsummer
Midsummer AB develops and supplies equipment for manufacturing CIGS thin film solar cells in Sweden. It offers Duo, a fully automatic deposition system for CIGS solar cell manufacturing UNO, a platform for CIGS and CZTS solar cells and flexible and lightweight modules for PV applications in membrane roofs, portable power plants, marine installations, vehicle usage, landfill covers, or other infrastructure projects. Midsummer operates under Solar classification in Sweden and is traded on Stockholm Stock Exchange. It employs 109 people.
Midsummer Stock Technical Analysis
Midsummer 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
Midsummer Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Midsummer 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.
Midsummer December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Midsummer stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Midsummer shares will generate the highest return on investment. By undertsting and applying Midsummer stock market strength indicators, traders can identify Midsummer AB entry and exit signals to maximize returns
Midsummer Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Midsummer's price direction in advance. Along with the technical and fundamental analysis of Midsummer Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Midsummer 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 | 0.1096 | |||
| Jensen Alpha | 0.6923 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1916 | |||
| Treynor Ratio | (1.47) |
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| Volume Indicators |
Additional Tools for Midsummer Stock Analysis
When running Midsummer's price analysis, check to measure Midsummer'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 Midsummer is operating at the current time. Most of Midsummer's value examination focuses on studying past and present price action to predict the probability of Midsummer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midsummer's price. Additionally, you may evaluate how the addition of Midsummer to your portfolios can decrease your overall portfolio volatility.