Medistim ASA (Norway) Price on November 13, 2024
| MEDI Stock | NOK 154.00 0.50 0.32% |
If you're considering investing in Medistim Stock, it is important to understand the factors that can impact its price. As of today, the current price of Medistim ASA stands at 154.00, as last reported on the 27th of November, with the highest price reaching 162.50 and the lowest price hitting 154.00 during the day. Medistim ASA has Sharpe Ratio of -0.0267, which conveys that the firm had a -0.0267% return per unit of risk over the last 3 months. Medistim ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medistim ASA's Risk Adjusted Performance of (0.01), mean deviation of 1.93, and Standard Deviation of 2.66 to check out the risk estimate we provide.
Medistim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Medistim |
Sharpe Ratio = -0.0267
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Estimated Market Risk
| 2.67 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Medistim ASA 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 Medistim ASA by adding Medistim ASA to a well-diversified portfolio.
Medistim ASA Valuation on November 13, 2024
It is possible to determine the worth of Medistim ASA on a given historical date. On November 13, 2024 Medistim was worth 157.5 at the beginning of the trading date compared to the closed value of 140.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Medistim ASA stock. Still, in general, we apply an absolute valuation method to find Medistim ASA'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 Medistim ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Medistim ASA's related companies.
| Open | High | Low | Close | Volume | |
| 138.00 | 147.50 | 137.50 | 140.50 | 20,326 | |
11/13/2024 | 157.50 | 157.50 | 140.00 | 140.00 | 10,701 |
| 144.00 | 144.00 | 130.00 | 133.00 | 164,067 |
| Backtest Medistim ASA | | | Medistim ASA History | | | Medistim ASA Valuation | Previous | Next |
Medistim ASA Trading Date Momentum on November 13, 2024
| On November 14 2024 Medistim ASA was traded for 133.00 at the closing time. The highest price during the trading period was 144.00 and the lowest recorded bid was listed for 130.00 . The volume for the day was 164.1 K. This history from November 14, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 5.00% . The trading delta at closing time to the current price is 4.29% . |
Medistim ASA Fundamentals Correlations and Trends
By evaluating Medistim ASA'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 Medistim ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Medistim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Medistim ASA Stock history
Medistim ASA 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 Medistim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Medistim ASA 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 Medistim ASA stock prices may prove useful in developing a viable investing in Medistim ASA
Medistim ASA develops, produces, services, leases, and distributes medical devices for cardio-vascular surgery in the United States, Europe, Asia, and internationally. Medistim ASA was founded in 1984 and is headquartered in Oslo, Norway. MEDISTIM ASA operates under Medical Equipment classification in Norway and is traded on Oslo Stock Exchange. It employs 105 people.
Medistim ASA Stock Technical Analysis
Medistim ASA 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
Medistim ASA Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Medistim ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock 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.
Medistim ASA November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Medistim ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medistim ASA shares will generate the highest return on investment. By undertsting and applying Medistim ASA stock market strength indicators, traders can identify Medistim ASA entry and exit signals to maximize returns
Medistim ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Medistim ASA's price direction in advance. Along with the technical and fundamental analysis of Medistim Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Medistim 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 | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.1267 |
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Other Information on Investing in Medistim Stock
Medistim ASA financial ratios help investors to determine whether Medistim Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Medistim with respect to the benefits of owning Medistim ASA security.