Acarix AS (Sweden) Price on November 10, 2023

ACARIX Stock  SEK 0.30  0.01  3.23%   
If you're considering investing in Acarix Stock, it is important to understand the factors that can impact its price. As of today, the current price of Acarix AS stands at 0.30, as last reported on the 30th of November, with the highest price reaching 0.30 and the lowest price hitting 0.30 during the day. Acarix AS secures Sharpe Ratio (or Efficiency) of -0.0298, which signifies that the company had a -0.0298% return per unit of standard deviation over the last 3 months. Acarix AS exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acarix AS's mean deviation of 3.75, and Risk Adjusted Performance of 0.0434 to double-check the risk estimate we provide.
  
Acarix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0298

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Estimated Market Risk

 5.15
  actual daily
45
55% of assets are more volatile

Expected Return

 -0.15
  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 Acarix AS 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 Acarix AS by adding Acarix AS to a well-diversified portfolio.

Acarix AS Valuation on November 10, 2023

It is possible to determine the worth of Acarix AS on a given historical date. On November 10, 2023 Acarix was worth 0.28 at the beginning of the trading date compared to the closed value of 0.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Acarix AS stock. Still, in general, we apply an absolute valuation method to find Acarix AS'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 Acarix AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Acarix AS's related companies.
 Open High Low Close Volume
  0.23    0.36    0.23    0.28    14,420,339  
11/10/2023
  0.28    0.31    0.26    0.28    1,998,756  
  0.27    0.27    0.24    0.25    2,604,070  
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Open Value
0.28
0.28
Closing Value
15.72
Upside

Acarix AS Trading Date Momentum on November 10, 2023

On November 13 2023 Acarix AS was traded for  0.25  at the closing time. The highest price during the trading period was 0.27  and the lowest recorded bid was listed for  0.24 . The volume for the day was 2.6 M. This history from November 13, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 10.71% . The overall trading delta to the current price is 17.86% .

Acarix AS Fundamentals Correlations and Trends

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

About Acarix AS Stock history

Acarix AS 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 Acarix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Acarix AS 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 Acarix AS stock prices may prove useful in developing a viable investing in Acarix AS
Acarix AB , a medical technology company, develops and commercializes diagnostic tests for cardiovascular diseases primarily in Europe, China, and the United States. Acarix AB was founded in 2004 and is based in Malm, Sweden. Acarix AB operates under Medical Devices classification in Sweden and is traded on Stockholm Stock Exchange. It employs 11 people.

Acarix AS Stock Technical Analysis

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

Acarix AS Period Price Range

Low
November 30, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Acarix AS 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.

Acarix AS November 30, 2024 Market Strength

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

Acarix AS Technical and Predictive Indicators

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

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