AXichem AB (Sweden) Price on October 4, 2024
| AXIC-A Stock | SEK 1.32 0.10 8.20% |
If you're considering investing in AXichem Stock, it is important to understand the factors that can impact its price. As of today, the current price of AXichem AB stands at 1.32, as last reported on the 27th of November, with the highest price reaching 1.32 and the lowest price hitting 1.26 during the day. At this point, AXichem AB is abnormally volatile. aXichem AB secures Sharpe Ratio (or Efficiency) of 0.0137, which signifies that the company had a 0.0137% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for aXichem AB, which you can use to evaluate the volatility of the firm. Please confirm AXichem AB's Risk Adjusted Performance of 0.0226, semi deviation of 6.25, and Downside Deviation of 6.74 to double-check if the risk estimate we provide is consistent with the expected return of 0.0934%.
AXichem Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
AXichem |
Sharpe Ratio = 0.0137
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Estimated Market Risk
| 6.8 actual daily | 60 60% of assets are less volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average AXichem AB is performing at about 1% 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 AXichem AB by adding it to a well-diversified portfolio.
AXichem AB Valuation on October 4, 2024
It is possible to determine the worth of AXichem AB on a given historical date. On October 4, 2024 AXichem was worth 1.48 at the beginning of the trading date compared to the closed value of 1.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AXichem AB stock. Still, in general, we apply an absolute valuation method to find AXichem AB'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 AXichem AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AXichem AB's related companies.
| Open | High | Low | Close | Volume | |
| 1.35 | 1.52 | 1.24 | 1.43 | 271,845 | |
10/04/2024 | 1.48 | 1.48 | 1.32 | 1.37 | 151,008 |
| 1.40 | 1.40 | 1.25 | 1.29 | 66,346 |
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AXichem AB Trading Date Momentum on October 4, 2024
| On October 07 2024 aXichem AB was traded for 1.29 at the closing time. The highest price during the trading period was 1.40 and the lowest recorded bid was listed for 1.25 . The volume for the day was 66.3 K. This history from October 7, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 5.84% . The trading date delta to the current price is 12.41% . |
aXichem AB Fundamentals Correlations and Trends
By evaluating AXichem AB'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 AXichem AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. AXichem financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AXichem AB Stock history
AXichem AB 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 AXichem is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in aXichem 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 AXichem AB stock prices may prove useful in developing a viable investing in AXichem AB
aXichem AB develops, patents, and markets natural-analogue industrial compounds for the marine, pest control, feed ingredient, and medical application markets in Sweden and internationally. It offers aXiphen-repellent, a bio-repellent for antifouling protection for vessels and marine installations, pest control in agriculture and forestry, and pest control for cable installations in buildings and underground cables aXiphen-feed ingredient for pig and poultry diets and aXiphen for use in various foods and dietary supplements, as well as in the pharmaceutical industry. aXichem AB is traded on Stockholm Stock Exchange in Sweden.
AXichem AB Stock Technical Analysis
AXichem AB 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
AXichem AB Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
aXichem 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.
AXichem AB November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how AXichem AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AXichem AB shares will generate the highest return on investment. By undertsting and applying AXichem AB stock market strength indicators, traders can identify aXichem AB entry and exit signals to maximize returns
AXichem AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AXichem AB's price direction in advance. Along with the technical and fundamental analysis of AXichem Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of AXichem 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 | 0.0226 | |||
| Jensen Alpha | 0.1106 | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | (0.0009) | |||
| Treynor Ratio | 7.44 |
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| Volume Indicators |
Complementary Tools for AXichem Stock analysis
When running AXichem AB's price analysis, check to measure AXichem AB'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 AXichem AB is operating at the current time. Most of AXichem AB's value examination focuses on studying past and present price action to predict the probability of AXichem AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AXichem AB's price. Additionally, you may evaluate how the addition of AXichem AB to your portfolios can decrease your overall portfolio volatility.
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