Corline Biomedical (Sweden) Price on October 21, 2024
CLBIO Stock | SEK 6.40 0.14 2.24% |
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 6.40, as last reported on the 27th of November, with the highest price reaching 6.60 and the lowest price hitting 6.20 during the day. Corline Biomedical secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Corline Biomedical AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corline Biomedical's Standard Deviation of 3.92, mean deviation of 2.85, and Risk Adjusted Performance of (0.09) 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.
Corline |
Sharpe Ratio = -0.1215
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Estimated Market Risk
3.95 actual daily | 35 65% of assets are more volatile |
Expected Return
-0.48 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.12 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 October 21, 2024
It is possible to determine the worth of Corline Biomedical on a given historical date. On October 21, 2024 Corline was worth 7.8 at the beginning of the trading date compared to the closed value of 7.68. 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 | |
7.70 | 7.70 | 7.50 | 7.70 | 6,015 | |
10/21/2024 | 7.80 | 7.80 | 7.56 | 7.68 | 9,580 |
7.68 | 8.20 | 7.64 | 7.64 | 2,315 |
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Corline Biomedical Trading Date Momentum on October 21, 2024
On October 22 2024 Corline Biomedical AB was traded for 7.64 at the closing time. The highest price during the trading period was 8.20 and the lowest recorded bid was listed for 7.64 . The volume for the day was 2.3 K. This history from October 22, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.52% . The overall trading delta to the current price is 1.82% . |
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.
Price Boundaries
Corline Biomedical Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
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 27, 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.
Risk Adjusted Performance | (0.09) | |||
Jensen Alpha | (0.38) | |||
Total Risk Alpha | (1.15) | |||
Treynor Ratio | 0.4171 |
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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.