Observe Medical (Norway) Price on June 26, 2023
| OBSRV Stock | NOK 0.40 0.01 2.56% |
If you're considering investing in Observe Stock, it is important to understand the factors that can impact its price. As of today, the current price of Observe Medical stands at 0.40, as last reported on the 11th of December 2024, with the highest price reaching 0.40 and the lowest price hitting 0.38 during the day. Observe Medical appears to be out of control, given 3 months investment horizon. Observe Medical Asa maintains Sharpe Ratio (i.e., Efficiency) of 0.0301, which implies the firm had a 0.0301% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Observe Medical Asa, which you can use to evaluate the volatility of the company. Please evaluate Observe Medical's Semi Deviation of 4.6, risk adjusted performance of 0.0484, and Coefficient Of Variation of 1828.07 to confirm if our risk estimates are consistent with your expectations.
Observe Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Observe |
Sharpe Ratio = 0.0301
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Estimated Market Risk
| 6.53 actual daily | 58 58% of assets are less volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Observe Medical is performing at about 2% 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 Observe Medical by adding it to a well-diversified portfolio.
Observe Medical Valuation on June 26, 2023
It is possible to determine the worth of Observe Medical on a given historical date. On June 26, 2023 Observe was worth 1.15 at the beginning of the trading date compared to the closed value of 1.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Observe Medical stock. Still, in general, we apply an absolute valuation method to find Observe 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 Observe Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Observe Medical's related companies.
| Open | High | Low | Close | Volume | |
| 1.22 | 1.22 | 1.06 | 1.15 | 92,284 | |
06/26/2023 | 1.15 | 1.19 | 1.06 | 1.15 | 54,226 |
| 1.11 | 1.11 | 0.96 | 1.11 | 149,580 |
| Backtest Observe Medical | | | Observe Medical History | | | Observe Medical Valuation | Previous | Next |
Observe Medical Trading Date Momentum on June 26, 2023
| On June 27 2023 Observe Medical Asa was traded for 1.11 at the closing time. The highest price during the trading period was 1.11 and the lowest recorded bid was listed for 0.96 . The volume for the day was 149.6 K. This history from June 27, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 3.48% . The trading delta at closing time to the current price is 52.17% . |
Observe Medical Asa Fundamentals Correlations and Trends
By evaluating Observe 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 Observe Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Observe financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Observe Medical Stock history
Observe 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 Observe is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Observe Medical 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 Observe Medical stock prices may prove useful in developing a viable investing in Observe Medical
Observe Medical ASA develops and markets medical technology products for patients, healthcare professionals, and hospitals in Europe and the United States. The company was founded in 2009 and is headquartered in Oslo, Norway. OBSERVE MEDICAL is traded on Oslo Stock Exchange in Norway.
Observe Medical Stock Technical Analysis
Observe 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
Observe Medical Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Observe Medical 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.
Observe Medical December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Observe 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 Observe Medical shares will generate the highest return on investment. By undertsting and applying Observe Medical stock market strength indicators, traders can identify Observe Medical Asa entry and exit signals to maximize returns
Observe Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Observe Medical's price direction in advance. Along with the technical and fundamental analysis of Observe Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Observe 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 | 0.0484 | |||
| Jensen Alpha | 0.2386 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.0371 | |||
| Treynor Ratio | 0.3611 |
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Other Information on Investing in Observe Stock
Observe Medical financial ratios help investors to determine whether Observe 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 Observe with respect to the benefits of owning Observe Medical security.