ChemoMetec (Denmark) Price on November 11, 2024
| CHEMM Stock | DKK 480.80 5.00 1.03% |
If you're considering investing in ChemoMetec Stock, it is important to understand the factors that can impact its price. As of today, the current price of ChemoMetec stands at 480.80, as last reported on the 26th of November, with the highest price reaching 487.80 and the lowest price hitting 477.60 during the day. ChemoMetec appears to be very steady, given 3 months investment horizon. ChemoMetec AS secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing ChemoMetec's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of ChemoMetec's mean deviation of 2.76, and Risk Adjusted Performance of 0.085 to double-check if our risk estimates are consistent with your expectations.
ChemoMetec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ChemoMetec |
Sharpe Ratio = 0.1084
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Estimated Market Risk
| 4.69 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average ChemoMetec is performing at about 8% 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 ChemoMetec by adding it to a well-diversified portfolio.
ChemoMetec Valuation on November 11, 2024
It is possible to determine the worth of ChemoMetec on a given historical date. On November 11, 2024 ChemoMetec was worth 487.6 at the beginning of the trading date compared to the closed value of 501.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ChemoMetec stock. Still, in general, we apply an absolute valuation method to find ChemoMetec'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 ChemoMetec where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ChemoMetec's related companies.
| Open | High | Low | Close | Volume | |
| 435.00 | 486.00 | 435.00 | 484.40 | 334,583 | |
11/11/2024 | 487.60 | 527.50 | 487.20 | 501.00 | 145,575 |
| 500.00 | 500.00 | 471.40 | 473.00 | 50,272 |
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ChemoMetec Trading Date Momentum on November 11, 2024
| On November 12 2024 ChemoMetec AS was traded for 473.00 at the closing time. The highest price during the trading period was 500.00 and the lowest recorded bid was listed for 471.40 . The volume for the day was 50.3 K. This history from November 12, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 5.59% . The overall trading delta to the current price is 10.18% . |
ChemoMetec AS Fundamentals Correlations and Trends
By evaluating ChemoMetec'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 ChemoMetec's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ChemoMetec financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ChemoMetec Stock history
ChemoMetec 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 ChemoMetec is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ChemoMetec AS 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 ChemoMetec stock prices may prove useful in developing a viable investing in ChemoMetec
ChemoMetec AS engages in the development, production, and sale of analytical equipment for cell counting and analysis the United States, Canada, Europe, and internationally. The company was founded in 1997 and is headquartered in Allerd, Denmark. ChemoMetec operates under Medical Equipment classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 155 people.
ChemoMetec Stock Technical Analysis
ChemoMetec 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
ChemoMetec Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
ChemoMetec AS cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
ChemoMetec November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how ChemoMetec stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ChemoMetec shares will generate the highest return on investment. By undertsting and applying ChemoMetec stock market strength indicators, traders can identify ChemoMetec AS entry and exit signals to maximize returns
ChemoMetec Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ChemoMetec's price direction in advance. Along with the technical and fundamental analysis of ChemoMetec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ChemoMetec 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 | 0.085 | |||
| Jensen Alpha | 0.3525 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.123 | |||
| Treynor Ratio | 0.5143 |
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Complementary Tools for ChemoMetec Stock analysis
When running ChemoMetec's price analysis, check to measure ChemoMetec'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 ChemoMetec is operating at the current time. Most of ChemoMetec's value examination focuses on studying past and present price action to predict the probability of ChemoMetec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChemoMetec's price. Additionally, you may evaluate how the addition of ChemoMetec to your portfolios can decrease your overall portfolio volatility.
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