Dignitana (Sweden) Price on August 29, 2023
| DIGN Stock | SEK 1.19 0.01 0.83% |
If you're considering investing in Dignitana Stock, it is important to understand the factors that can impact its price. As of today, the current price of Dignitana stands at 1.19, as last reported on the 23rd of November, with the highest price reaching 1.23 and the lowest price hitting 1.16 during the day. Dignitana appears to be abnormally volatile, given 3 months investment horizon. Dignitana AB secures Sharpe Ratio (or Efficiency) of 0.0843, which denotes the company had a 0.0843% return per unit of risk over the last 3 months. By reviewing Dignitana's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Dignitana's Downside Deviation of 5.48, mean deviation of 4.85, and Coefficient Of Variation of 1308.45 to check if our risk estimates are consistent with your expectations.
Dignitana Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Dignitana |
Sharpe Ratio = 0.0843
| Best Portfolio | Best Equity | |||
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Estimated Market Risk
| 7.04 actual daily | 62 62% of assets are less volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Dignitana is performing at about 6% 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 Dignitana by adding it to a well-diversified portfolio.
Dignitana Valuation on August 29, 2023
It is possible to determine the worth of Dignitana on a given historical date. On August 29, 2023 Dignitana was worth 3.79 at the beginning of the trading date compared to the closed value of 3.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Dignitana stock. Still, in general, we apply an absolute valuation method to find Dignitana'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 Dignitana where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Dignitana's related companies.
| Open | High | Low | Close | Volume | |
| 3.89 | 3.89 | 3.68 | 3.85 | 2,948 | |
08/29/2023 | 3.79 | 3.79 | 3.79 | 3.79 | 1,580 |
| 3.88 | 3.88 | 3.59 | 3.84 | 6,206 |
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Dignitana Trading Date Momentum on August 29, 2023
| On August 30 2023 Dignitana AB was traded for 3.84 at the closing time. The highest price during the trading period was 3.88 and the lowest recorded bid was listed for 3.59 . The volume for the day was 6.2 K. This history from August 30, 2023 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 1.32% . The overall trading delta to the current price is 7.65% . |
Dignitana AB Fundamentals Correlations and Trends
By evaluating Dignitana'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 Dignitana's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Dignitana financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Dignitana Stock history
Dignitana 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 Dignitana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Dignitana 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 Dignitana stock prices may prove useful in developing a viable investing in Dignitana
Dignitana AB , a medical technology company, develops, produces, and markets medical cooling devices primarily in the United States. Dignitana AB was incorporated in 2007 is headquartered in Lund, Sweden. Dignitana is traded on Stockholm Stock Exchange in Sweden.
Dignitana Stock Technical Analysis
Dignitana 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
Dignitana Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Dignitana 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.
Dignitana November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Dignitana stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dignitana shares will generate the highest return on investment. By undertsting and applying Dignitana stock market strength indicators, traders can identify Dignitana AB entry and exit signals to maximize returns
Dignitana Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Dignitana's price direction in advance. Along with the technical and fundamental analysis of Dignitana Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Dignitana 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 | 0.0675 | |||
| Jensen Alpha | 0.5877 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.0737 | |||
| Treynor Ratio | (1.02) |
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Additional Tools for Dignitana Stock Analysis
When running Dignitana's price analysis, check to measure Dignitana'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 Dignitana is operating at the current time. Most of Dignitana's value examination focuses on studying past and present price action to predict the probability of Dignitana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dignitana's price. Additionally, you may evaluate how the addition of Dignitana to your portfolios can decrease your overall portfolio volatility.