Cantargia (Sweden) Price on September 13, 2024
| CANTA Stock | SEK 1.84 0.03 1.66% |
If you're considering investing in Cantargia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cantargia stands at 1.84, as last reported on the 26th of November, with the highest price reaching 1.85 and the lowest price hitting 1.80 during the day. Cantargia AB secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Cantargia AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cantargia's Risk Adjusted Performance of (0.12), standard deviation of 5.91, and Mean Deviation of 3.24 to double-check the risk estimate we provide.
Cantargia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cantargia |
Sharpe Ratio = -0.1644
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Estimated Market Risk
| 5.95 actual daily | 52 52% of assets are less volatile |
Expected Return
| -0.98 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cantargia 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 Cantargia by adding Cantargia to a well-diversified portfolio.
Cantargia Valuation on September 13, 2024
It is possible to determine the worth of Cantargia on a given historical date. On September 13, 2024 Cantargia was worth 3.97 at the beginning of the trading date compared to the closed value of 3.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cantargia stock. Still, in general, we apply an absolute valuation method to find Cantargia'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 Cantargia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cantargia's related companies.
| Open | High | Low | Close | Volume | |
| 4.14 | 4.16 | 3.94 | 3.97 | 599,467 | |
09/13/2024 | 3.97 | 3.98 | 3.77 | 3.80 | 275,323 |
| 4.15 | 4.15 | 3.82 | 3.97 | 173,662 |
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Cantargia Trading Date Momentum on September 13, 2024
| On September 16 2024 Cantargia AB was traded for 3.97 at the closing time. The highest price during the trading period was 4.15 and the lowest recorded bid was listed for 3.82 . The volume for the day was 173.7 K. This history from September 16, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 4.47% . The overall trading delta to the current price is 10.53% . |
Cantargia AB Fundamentals Correlations and Trends
By evaluating Cantargia'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 Cantargia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cantargia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cantargia Stock history
Cantargia 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 Cantargia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cantargia 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 Cantargia stock prices may prove useful in developing a viable investing in Cantargia
Cantargia AB , a biotechnology company, engages in the research and development of antibody-based treatments for life threatening diseases. Cantargia AB was founded in 2010 and is based in Lund, Sweden. Cantargia operates under Pharmaceuticals And Biosciences classification in Sweden and is traded on Stockholm Stock Exchange. It employs 19 people.
Cantargia Stock Technical Analysis
Cantargia 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
Cantargia Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Cantargia 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.
Cantargia November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Cantargia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cantargia shares will generate the highest return on investment. By undertsting and applying Cantargia stock market strength indicators, traders can identify Cantargia AB entry and exit signals to maximize returns
Cantargia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cantargia's price direction in advance. Along with the technical and fundamental analysis of Cantargia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cantargia 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 | (0.12) | |||
| Jensen Alpha | (1.07) | |||
| Total Risk Alpha | (1.89) | |||
| Treynor Ratio | (1.25) |
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| Volume Indicators |
Additional Tools for Cantargia Stock Analysis
When running Cantargia's price analysis, check to measure Cantargia'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 Cantargia is operating at the current time. Most of Cantargia's value examination focuses on studying past and present price action to predict the probability of Cantargia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cantargia's price. Additionally, you may evaluate how the addition of Cantargia to your portfolios can decrease your overall portfolio volatility.