BioLight Life (Israel) Price on September 30, 2024
| BOLT Stock | ILS 530.00 4.00 0.76% |
If you're considering investing in BioLight Stock, it is important to understand the factors that can impact its price. As of today, the current price of BioLight Life stands at 530.00, as last reported on the 1st of December, with the highest price reaching 530.00 and the lowest price hitting 520.00 during the day. BioLight Life appears to be very steady, given 3 months investment horizon. BioLight Life Sciences secures Sharpe Ratio (or Efficiency) of 0.0915, which signifies that the company had a 0.0915% return per unit of risk over the last 3 months. By analyzing BioLight Life's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of BioLight Life's Risk Adjusted Performance of 0.0466, mean deviation of 3.62, and Downside Deviation of 5.48 to double-check if our risk estimates are consistent with your expectations.
BioLight Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
BioLight |
Sharpe Ratio = 0.0915
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Estimated Market Risk
| 6.16 actual daily | 54 54% of assets are less volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average BioLight Life is performing at about 7% 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 BioLight Life by adding it to a well-diversified portfolio.
BioLight Life Valuation on September 30, 2024
It is possible to determine the worth of BioLight Life on a given historical date. On September 30, 2024 BioLight was worth 419.9 at the beginning of the trading date compared to the closed value of 435.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BioLight Life stock. Still, in general, we apply an absolute valuation method to find BioLight Life'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 BioLight Life where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BioLight Life's related companies.
| Open | High | Low | Close | Volume | |
| 422.50 | 422.50 | 422.40 | 422.40 | 414.00 | |
09/30/2024 | 419.90 | 440.00 | 419.90 | 435.00 | 20,450 |
| 451.00 | 451.00 | 420.80 | 420.80 | 4,320 |
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BioLight Life Trading Date Momentum on September 30, 2024
| On October 01 2024 BioLight Life Sciences was traded for 420.80 at the closing time. The highest price during the trading period was 451.00 and the lowest recorded bid was listed for 420.80 . The volume for the day was 4.3 K. This history from October 1, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 3.26% . The overall trading delta to the current price is 8.97% . |
BioLight Life Sciences Fundamentals Correlations and Trends
By evaluating BioLight Life'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 BioLight Life's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BioLight financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BioLight Life Stock history
BioLight Life 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 BioLight is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BioLight Life Sciences 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 BioLight Life stock prices may prove useful in developing a viable investing in BioLight Life
BioLight Life Sciences Ltd., an ophthalmic company, engages in the discovery, development, and commercialization of products and product candidates that address ophthalmic conditions comprising glaucoma, dry eye syndrome, and age-related macular degeneration. BioLight Life Sciences Ltd. was founded in 2005 and is based in Tel Aviv, Israel. BIOLIGHT LIFE operates under Biotechnology classification in Israel and is traded on Tel Aviv Stock Exchange.
BioLight Life Stock Technical Analysis
BioLight Life 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
BioLight Life Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
BioLight Life Sciences cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock 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.
BioLight Life December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how BioLight Life stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BioLight Life shares will generate the highest return on investment. By undertsting and applying BioLight Life stock market strength indicators, traders can identify BioLight Life Sciences entry and exit signals to maximize returns
BioLight Life Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BioLight Life's price direction in advance. Along with the technical and fundamental analysis of BioLight Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BioLight 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 | 0.0466 | |||
| Jensen Alpha | 0.1781 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0306 | |||
| Treynor Ratio | 0.3209 |
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Complementary Tools for BioLight Stock analysis
When running BioLight Life's price analysis, check to measure BioLight Life'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 BioLight Life is operating at the current time. Most of BioLight Life's value examination focuses on studying past and present price action to predict the probability of BioLight Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioLight Life's price. Additionally, you may evaluate how the addition of BioLight Life to your portfolios can decrease your overall portfolio volatility.
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