Alzinova (Sweden) Price on October 4, 2024
| ALZ Stock | SEK 3.82 0.04 1.06% |
If you're considering investing in Alzinova Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alzinova stands at 3.82, as last reported on the 30th of November, with the highest price reaching 3.82 and the lowest price hitting 3.62 during the day. Currently, Alzinova AB is relatively risky. Alzinova AB secures Sharpe Ratio (or Efficiency) of 0.0077, which signifies that the company had a 0.0077% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alzinova AB, which you can use to evaluate the volatility of the firm. Please confirm Alzinova's Mean Deviation of 2.37, risk adjusted performance of 0.0135, and Downside Deviation of 3.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.0241%.
Alzinova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alzinova |
Sharpe Ratio = 0.0077
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| Negative Returns | ALZ |
Estimated Market Risk
| 3.13 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.02 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 Alzinova 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 Alzinova by adding Alzinova to a well-diversified portfolio.
Alzinova Valuation on October 4, 2024
It is possible to determine the worth of Alzinova on a given historical date. On October 4, 2024 Alzinova was worth 3.58 at the beginning of the trading date compared to the closed value of 3.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alzinova stock. Still, in general, we apply an absolute valuation method to find Alzinova'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 Alzinova where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alzinova's related companies.
| Open | High | Low | Close | Volume | |
| 3.52 | 3.58 | 3.42 | 3.56 | 121,482 | |
10/04/2024 | 3.58 | 3.58 | 3.36 | 3.40 | 89,898 |
| 3.42 | 3.42 | 3.26 | 3.38 | 88,719 |
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Alzinova Trading Date Momentum on October 4, 2024
| On October 07 2024 Alzinova AB was traded for 3.38 at the closing time. The maximum traded price for the trading interval was 3.42 and the lowest daily price was 3.26 . The daily volume was recorded at 88.7 K. The volume of trading on 7th of October 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.59% . The overall trading delta to the closing price today is 2.94% . |
Alzinova AB Fundamentals Correlations and Trends
By evaluating Alzinova'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 Alzinova's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alzinova financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alzinova Stock history
Alzinova 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 Alzinova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alzinova 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 Alzinova stock prices may prove useful in developing a viable investing in Alzinova
Alzinova Stock Technical Analysis
Alzinova 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
Alzinova Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Alzinova 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.
Alzinova November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Alzinova stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alzinova shares will generate the highest return on investment. By undertsting and applying Alzinova stock market strength indicators, traders can identify Alzinova AB entry and exit signals to maximize returns
Alzinova Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alzinova's price direction in advance. Along with the technical and fundamental analysis of Alzinova Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alzinova 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 | 0.0135 | |||
| Jensen Alpha | 2.0E-4 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1291 |
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| Volume Indicators |
Additional Tools for Alzinova Stock Analysis
When running Alzinova's price analysis, check to measure Alzinova'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 Alzinova is operating at the current time. Most of Alzinova's value examination focuses on studying past and present price action to predict the probability of Alzinova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alzinova's price. Additionally, you may evaluate how the addition of Alzinova to your portfolios can decrease your overall portfolio volatility.