Arctic Bioscience (Norway) Price on October 17, 2024
ABS Stock | NOK 2.06 0.04 1.98% |
If you're considering investing in Arctic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arctic Bioscience stands at 2.06, as last reported on the 11th of December 2024, with the highest price reaching 2.12 and the lowest price hitting 1.95 during the day. Arctic Bioscience secures Sharpe Ratio (or Efficiency) of -0.0981, which signifies that the company had a -0.0981% return per unit of standard deviation over the last 3 months. Arctic Bioscience AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arctic Bioscience's mean deviation of 7.33, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide.
Arctic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arctic |
Sharpe Ratio = -0.0981
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Estimated Market Risk
14.03 actual daily | 96 96% of assets are less volatile |
Expected Return
-1.38 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Arctic Bioscience 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 Arctic Bioscience by adding Arctic Bioscience to a well-diversified portfolio.
Arctic Bioscience Valuation on October 17, 2024
It is possible to determine the worth of Arctic Bioscience on a given historical date. On October 17, 2024 Arctic was worth 2.58 at the beginning of the trading date compared to the closed value of 2.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arctic Bioscience stock. Still, in general, we apply an absolute valuation method to find Arctic Bioscience'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 Arctic Bioscience where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arctic Bioscience's related companies.
Open | High | Low | Close | Volume | |
3.14 | 3.14 | 2.24 | 2.24 | 771,476 | |
10/17/2024 | 2.58 | 2.80 | 2.28 | 2.32 | 894,816 |
2.40 | 2.58 | 1.92 | 2.02 | 1,330,524 |
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Arctic Bioscience Trading Date Momentum on October 17, 2024
On October 18 2024 Arctic Bioscience AS was traded for 2.02 at the closing time. The maximum traded price for the trading interval was 2.58 and the lowest daily price was 1.92 . The daily volume was recorded at 1.3 M. The volume of trading on 18th of October 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 12.93% . The overall trading delta to the closing price today is 19.83% . |
Arctic Bioscience Fundamentals Correlations and Trends
By evaluating Arctic Bioscience'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 Arctic Bioscience's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Arctic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Arctic Bioscience Stock history
Arctic Bioscience 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 Arctic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arctic Bioscience 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 Arctic Bioscience stock prices may prove useful in developing a viable investing in Arctic Bioscience
Arctic Bioscience AS, a biotechnology company, provides nutraceutical and pharmaceutical products. Arctic Bioscience AS was incorporated in 2011 and is based in rsta, Norway. ARCTIC BIOSCIENCE is traded on Oslo Stock Exchange in Norway.
Arctic Bioscience Stock Technical Analysis
Arctic Bioscience 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
Arctic Bioscience Period Price Range
Low | December 11, 2024
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0.00 | 0.00 |
Arctic Bioscience AS cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock 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.
Arctic Bioscience December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Arctic Bioscience stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arctic Bioscience shares will generate the highest return on investment. By undertsting and applying Arctic Bioscience stock market strength indicators, traders can identify Arctic Bioscience AS entry and exit signals to maximize returns
Arctic Bioscience Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arctic Bioscience's price direction in advance. Along with the technical and fundamental analysis of Arctic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arctic 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 | (0.06) | |||
Jensen Alpha | (1.40) | |||
Total Risk Alpha | (3.55) | |||
Treynor Ratio | (2.15) |
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Other Information on Investing in Arctic Stock
Arctic Bioscience financial ratios help investors to determine whether Arctic Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Arctic with respect to the benefits of owning Arctic Bioscience security.