BioArctic (Sweden) Price on August 30, 2023
| BIOA-B Stock | SEK 189.60 4.20 2.27% |
If you're considering investing in BioArctic Stock, it is important to understand the factors that can impact its price. As of today, the current price of BioArctic stands at 189.60, as last reported on the 24th of November, with the highest price reaching 190.80 and the lowest price hitting 185.20 during the day. BioArctic appears to be very steady, given 3 months investment horizon. BioArctic AB secures Sharpe Ratio (or Efficiency) of 0.0724, which signifies that the company had a 0.0724% return per unit of risk over the last 3 months. We have found thirty technical indicators for BioArctic AB, which you can use to evaluate the volatility of the firm. Please makes use of BioArctic's Mean Deviation of 2.76, downside deviation of 3.23, and Risk Adjusted Performance of 0.0573 to double-check if our risk estimates are consistent with your expectations.
BioArctic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
BioArctic |
Sharpe Ratio = 0.0724
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | BIOA-B | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.82 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average BioArctic is performing at about 5% 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 BioArctic by adding it to a well-diversified portfolio.
BioArctic Valuation on August 30, 2023
It is possible to determine the worth of BioArctic on a given historical date. On August 30, 2023 BioArctic was worth 321.6 at the beginning of the trading date compared to the closed value of 311.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BioArctic stock. Still, in general, we apply an absolute valuation method to find BioArctic'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 BioArctic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BioArctic's related companies.
| Open | High | Low | Close | Volume | |
| 324.60 | 324.60 | 319.00 | 319.80 | 57,116 | |
08/30/2023 | 321.60 | 322.80 | 311.00 | 311.00 | 48,995 |
| 312.40 | 316.40 | 309.20 | 311.20 | 104,536 |
| Backtest BioArctic | | | BioArctic History | | | BioArctic Valuation | Previous | Next |
BioArctic Trading Date Momentum on August 30, 2023
| On August 31 2023 BioArctic AB was traded for 311.20 at the closing time. The highest price during the trading period was 316.40 and the lowest recorded bid was listed for 309.20 . The volume for the day was 104.5 K. This history from August 31, 2023 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.06% . The overall trading delta to the current price is 1.09% . |
BioArctic AB Fundamentals Correlations and Trends
By evaluating BioArctic'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 BioArctic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BioArctic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BioArctic Stock history
BioArctic 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 BioArctic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BioArctic 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 BioArctic stock prices may prove useful in developing a viable investing in BioArctic
BioArctic AB , a research intensive biopharmaceutical company, develops disease modifying treatments and diagnostics for neurodegenerative diseases in Sweden. BioArctic AB was founded in 1992 and is headquartered in Stockholm, Sweden. BioArctic is traded on Stockholm Stock Exchange in Sweden.
BioArctic Stock Technical Analysis
BioArctic 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
BioArctic Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
BioArctic 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.
BioArctic November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how BioArctic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BioArctic shares will generate the highest return on investment. By undertsting and applying BioArctic stock market strength indicators, traders can identify BioArctic AB entry and exit signals to maximize returns
BioArctic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BioArctic's price direction in advance. Along with the technical and fundamental analysis of BioArctic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BioArctic 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 | 0.0573 | |||
| Jensen Alpha | 0.3706 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0548 | |||
| Treynor Ratio | (0.49) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for BioArctic Stock analysis
When running BioArctic's price analysis, check to measure BioArctic'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 BioArctic is operating at the current time. Most of BioArctic's value examination focuses on studying past and present price action to predict the probability of BioArctic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioArctic's price. Additionally, you may evaluate how the addition of BioArctic to your portfolios can decrease your overall portfolio volatility.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |