Chordate Medical (Sweden) Price on October 3, 2024
| CMH Stock | 18.05 0.80 4.24% |
If you're considering investing in Chordate Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chordate Medical stands at 18.05, as last reported on the 2nd of December, with the highest price reaching 19.25 and the lowest price hitting 18.05 during the day. Chordate Medical Holding secures Sharpe Ratio (or Efficiency) of -0.0446, which signifies that the company had a -0.0446% return per unit of risk over the last 3 months. Chordate Medical Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chordate Medical's Standard Deviation of 5.66, mean deviation of 4.05, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide.
Chordate Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Chordate |
Sharpe Ratio = -0.0446
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Estimated Market Risk
| 5.66 actual daily | 50 50% of assets are less volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Chordate Medical 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 Chordate Medical by adding Chordate Medical to a well-diversified portfolio.
Chordate Medical Valuation on October 3, 2024
It is possible to determine the worth of Chordate Medical on a given historical date. On October 3, 2024 Chordate was worth 34.0 at the beginning of the trading date compared to the closed value of 35.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chordate Medical stock. Still, in general, we apply an absolute valuation method to find Chordate Medical'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 Chordate Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chordate Medical's related companies.
| Open | High | Low | Close | Volume | |
| 28.00 | 34.18 | 28.00 | 31.30 | 8,248 | |
10/03/2024 | 34.00 | 36.90 | 32.38 | 35.80 | 2,005 |
| 34.00 | 35.44 | 33.30 | 33.62 | 715.00 |
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Chordate Medical Trading Date Momentum on October 3, 2024
| On October 04 2024 Chordate Medical Holding was traded for 33.62 at the closing time. The maximum traded price for the trading interval was 35.44 and the lowest daily price was 33.30 . The daily volume was recorded at 715. The volume of trading on 4th of October 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 6.09% . The overall trading delta to the closing price today is 2.79% . |
Chordate Medical Holding Fundamentals Correlations and Trends
By evaluating Chordate Medical'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 Chordate Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chordate financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chordate Medical Stock history
Chordate Medical 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 Chordate is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chordate Medical Holding 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 Chordate Medical stock prices may prove useful in developing a viable investing in Chordate Medical
Chordate Medical Stock Technical Analysis
Chordate Medical 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
Chordate Medical Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Chordate Medical Holding 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.
Chordate Medical December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Chordate Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chordate Medical shares will generate the highest return on investment. By undertsting and applying Chordate Medical stock market strength indicators, traders can identify Chordate Medical Holding entry and exit signals to maximize returns
Chordate Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chordate Medical's price direction in advance. Along with the technical and fundamental analysis of Chordate Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chordate 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 | (0.02) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | 14.63 |
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Additional Tools for Chordate Stock Analysis
When running Chordate Medical's price analysis, check to measure Chordate Medical'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 Chordate Medical is operating at the current time. Most of Chordate Medical's value examination focuses on studying past and present price action to predict the probability of Chordate Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chordate Medical's price. Additionally, you may evaluate how the addition of Chordate Medical to your portfolios can decrease your overall portfolio volatility.