Optomed PLC (Finland) Price on September 9, 2024
| OPTOMED Stock | EUR 4.23 0.23 5.75% |
If you're considering investing in Optomed Stock, it is important to understand the factors that can impact its price. As of today, the current price of Optomed PLC stands at 4.23, as last reported on the 28th of November, with the highest price reaching 4.28 and the lowest price hitting 3.98 during the day. Optomed PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.0742, which implies the firm had a -0.0742% return per unit of risk over the last 3 months. Optomed PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optomed PLC's Variance of 14.29, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,309) to confirm the risk estimate we provide.
Optomed Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Optomed |
Sharpe Ratio = -0.0742
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| Negative Returns | OPTOMED |
Estimated Market Risk
| 3.8 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Optomed PLC 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 Optomed PLC by adding Optomed PLC to a well-diversified portfolio.
Optomed PLC Valuation on September 9, 2024
It is possible to determine the worth of Optomed PLC on a given historical date. On September 9, 2024 Optomed was worth 5.13 at the beginning of the trading date compared to the closed value of 5.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optomed PLC stock. Still, in general, we apply an absolute valuation method to find Optomed PLC'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 Optomed PLC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optomed PLC's related companies.
| Open | High | Low | Close | Volume | |
| 5.23 | 5.24 | 5.08 | 5.13 | 39,664 | |
09/09/2024 | 5.13 | 5.23 | 5.08 | 5.15 | 35,788 |
| 5.20 | 5.21 | 5.00 | 5.05 | 17,157 |
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Optomed PLC Trading Date Momentum on September 9, 2024
| On September 10 2024 Optomed PLC was traded for 5.05 at the closing time. The highest price during the trading period was 5.21 and the lowest recorded bid was listed for 5.00 . The volume for the day was 17.2 K. This history from September 10, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.94% . The trading delta at closing time to the current price is 1.75% . |
Optomed PLC Fundamentals Correlations and Trends
By evaluating Optomed PLC'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 Optomed PLC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optomed financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optomed PLC Stock history
Optomed PLC 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 Optomed is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optomed PLC 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 Optomed PLC stock prices may prove useful in developing a viable investing in Optomed PLC
Optomed Oyj, a medical technology company, provides handheld fundus cameras and eye-screening devices in Finland, China, and internationally. The company was founded in 2004 and is headquartered in Oulu, Finland. Optomed Plc is traded on Helsinki Exchange in Finland.
Optomed PLC Stock Technical Analysis
Optomed PLC 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
Optomed PLC Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Optomed PLC cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki 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.
Optomed PLC November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Optomed PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optomed PLC shares will generate the highest return on investment. By undertsting and applying Optomed PLC stock market strength indicators, traders can identify Optomed PLC entry and exit signals to maximize returns
Optomed PLC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optomed PLC's price direction in advance. Along with the technical and fundamental analysis of Optomed Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optomed 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 | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | 3.37 |
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Complementary Tools for Optomed Stock analysis
When running Optomed PLC's price analysis, check to measure Optomed PLC'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 Optomed PLC is operating at the current time. Most of Optomed PLC's value examination focuses on studying past and present price action to predict the probability of Optomed PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optomed PLC's price. Additionally, you may evaluate how the addition of Optomed PLC to your portfolios can decrease your overall portfolio volatility.
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