BioArctic (Sweden) Price on October 3, 2024
| BIOA-B Stock | SEK 193.10 5.60 2.99% |
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 193.10, as last reported on the 30th of November, with the highest price reaching 197.80 and the lowest price hitting 191.00 during the day. BioArctic appears to be very steady, given 3 months investment horizon. BioArctic AB secures Sharpe Ratio (or Efficiency) of 0.074, which signifies that the company had a 0.074% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BioArctic AB, which you can use to evaluate the volatility of the firm. Please makes use of BioArctic's Risk Adjusted Performance of 0.0609, downside deviation of 3.21, and Mean Deviation of 2.63 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 = 0.074
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Estimated Market Risk
| 4.75 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 October 3, 2024
It is possible to determine the worth of BioArctic on a given historical date. On October 3, 2024 BioArctic was worth 159.0 at the beginning of the trading date compared to the closed value of 157.6. 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 | |
| 157.20 | 161.00 | 156.50 | 159.10 | 96,388 | |
10/03/2024 | 159.00 | 159.80 | 157.00 | 157.60 | 79,698 |
| 157.60 | 158.80 | 154.50 | 157.70 | 119,882 |
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BioArctic Trading Date Momentum on October 3, 2024
| On October 04 2024 BioArctic AB was traded for 157.70 at the closing time. The highest price during the trading period was 158.80 and the lowest recorded bid was listed for 154.50 . The volume for the day was 119.9 K. This history from October 4, 2024 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 4.95% . |
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 30, 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 30, 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 | 0.0609 | |||
| Jensen Alpha | 0.2092 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0581 | |||
| Treynor Ratio | 0.3824 |
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| 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.
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