Corline Biomedical (Sweden) Price on January 31, 2024

CLBIO Stock  SEK 6.70  0.56  9.12%   
If you're considering investing in Corline Stock, it is important to understand the factors that can impact its price. As of today, the current price of Corline Biomedical stands at 6.70, as last reported on the 30th of November, with the highest price reaching 6.70 and the lowest price hitting 6.02 during the day. Corline Biomedical secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Corline Biomedical AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corline Biomedical's Standard Deviation of 4.08, mean deviation of 2.95, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide.
  
Corline Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1108

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Estimated Market Risk

 4.11
  actual daily
36
64% of assets are more volatile

Expected Return

 -0.46
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Corline Biomedical 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 Corline Biomedical by adding Corline Biomedical to a well-diversified portfolio.

Corline Biomedical Valuation on January 31, 2024

It is possible to determine the worth of Corline Biomedical on a given historical date. On January 31, 2024 Corline was worth 15.75 at the beginning of the trading date compared to the closed value of 15.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Corline Biomedical stock. Still, in general, we apply an absolute valuation method to find Corline Biomedical'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 Corline Biomedical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Corline Biomedical's related companies.
 Open High Low Close Volume
  15.35    15.35    14.25    14.90    12,431  
01/31/2024
  15.75    15.75    15.45    15.45    41.00  
  14.60    15.35    14.00    15.30    17,029  
Backtest Corline Biomedical  |  Corline Biomedical History  |  Corline Biomedical Valuation   PreviousNext  
Open Value
15.75
15.45
Closing Value
28.09
Upside

Corline Biomedical Trading Date Momentum on January 31, 2024

On February 01 2024 Corline Biomedical AB was traded for  15.30  at the closing time. The highest price during the trading period was 15.35  and the lowest recorded bid was listed for  14.00 . The volume for the day was 17 K. This history from February 1, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.97% . The overall trading delta to the current price is 12.62% .

Corline Biomedical Fundamentals Correlations and Trends

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

About Corline Biomedical Stock history

Corline Biomedical 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 Corline is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Corline Biomedical 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 Corline Biomedical stock prices may prove useful in developing a viable investing in Corline Biomedical
Corline Biomedical AB develops, manufactures, and markets heparin based solutions to enhance kidney transplantation, cell therapies, and regenerative medicine applications. The company was founded in 1991 and is based in Uppsala, Sweden. Corline Biomedical operates under Biotechnology classification in Sweden and is traded on Stockholm Stock Exchange. It employs 9 people.

Corline Biomedical Stock Technical Analysis

Corline Biomedical 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 Corline Biomedical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Corline Biomedical 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

Corline Biomedical Period Price Range

Low
November 30, 2024
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High

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Corline Biomedical 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.

Corline Biomedical November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Corline Biomedical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Corline Biomedical shares will generate the highest return on investment. By undertsting and applying Corline Biomedical stock market strength indicators, traders can identify Corline Biomedical AB entry and exit signals to maximize returns

Corline Biomedical Technical and Predictive Indicators

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

When running Corline Biomedical's price analysis, check to measure Corline Biomedical'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 Corline Biomedical is operating at the current time. Most of Corline Biomedical's value examination focuses on studying past and present price action to predict the probability of Corline Biomedical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corline Biomedical's price. Additionally, you may evaluate how the addition of Corline Biomedical to your portfolios can decrease your overall portfolio volatility.