Careium AB (Sweden) Price on December 12, 2024

CARE Stock   28.70  0.10  0.35%   
If you're considering investing in Careium Stock, it is important to understand the factors that can impact its price. As of today, the current price of Careium AB stands at 28.70, as last reported on the 22nd of January, with the highest price reaching 30.00 and the lowest price hitting 28.10 during the day. Careium AB secures Sharpe Ratio (or Efficiency) of -0.0117, which signifies that the company had a -0.0117 % return per unit of risk over the last 3 months. Careium AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Careium AB's Mean Deviation of 1.24, standard deviation of 1.56, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
  
Careium Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0117

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Estimated Market Risk

 1.54
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Careium AB 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 Careium AB by adding Careium AB to a well-diversified portfolio.

Careium AB Valuation on December 12, 2024

It is possible to determine the worth of Careium AB on a given historical date. On December 12, 2024 Careium was worth 29.1 at the beginning of the trading date compared to the closed value of 29.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Careium AB stock. Still, in general, we apply an absolute valuation method to find Careium 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 Careium AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Careium AB's related companies.
 Open High Low Close Volume
  29.30    30.00    28.90    29.90    8,280  
12/12/2024
  29.10    29.80    29.10    29.50    13,572  
  29.50    30.30    29.50    30.00    43,681  
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Open Value
29.1
29.5
Closing Value
33.72
Upside

Careium AB Trading Date Momentum on December 12, 2024

On December 13 2024 Careium AB was traded for  30.00  at the closing time. The highest price during the trading period was 30.30  and the lowest recorded bid was listed for  29.50 . The volume for the day was 43.7 K. This history from December 13, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 1.69% . The overall trading delta to the current price is 1.36% .

Careium AB Fundamentals Correlations and Trends

By evaluating Careium 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 Careium AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Careium financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Careium AB Stock history

Careium 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 Careium is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Careium 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 Careium AB stock prices may prove useful in developing a viable investing in Careium AB

Careium AB Stock Technical Analysis

Careium 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.
A focus of Careium AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Careium AB trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Careium AB Period Price Range

Low
January 22, 2025
0.00  NaN%
High

 0.00 

     

 0.00 

Careium 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.

Careium AB January 22, 2025 Market Strength

Market strength indicators help investors to evaluate how Careium 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 Careium AB shares will generate the highest return on investment. By undertsting and applying Careium AB stock market strength indicators, traders can identify Careium AB entry and exit signals to maximize returns

Careium AB Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Careium AB's price direction in advance. Along with the technical and fundamental analysis of Careium Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Careium 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.

Additional Tools for Careium Stock Analysis

When running Careium AB's price analysis, check to measure Careium 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 Careium AB is operating at the current time. Most of Careium AB's value examination focuses on studying past and present price action to predict the probability of Careium 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 Careium AB's price. Additionally, you may evaluate how the addition of Careium AB to your portfolios can decrease your overall portfolio volatility.