Photocure (Norway) Price on September 18, 2024
| PHO Stock | NOK 49.20 0.10 0.20% |
If you're considering investing in Photocure Stock, it is important to understand the factors that can impact its price. As of today, the current price of Photocure stands at 49.20, as last reported on the 30th of November, with the highest price reaching 49.60 and the lowest price hitting 48.80 during the day. Photocure maintains Sharpe Ratio (i.e., Efficiency) of -0.0697, which implies the firm had a -0.0697% return per unit of risk over the last 3 months. Photocure exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Photocure's Variance of 4.28, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,238) to confirm the risk estimate we provide.
Photocure Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Photocure |
Sharpe Ratio = -0.0697
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Estimated Market Risk
| 2.08 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.14 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 Photocure 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 Photocure by adding Photocure to a well-diversified portfolio.
Photocure Valuation on September 18, 2024
It is possible to determine the worth of Photocure on a given historical date. On September 18, 2024 Photocure was worth 53.0 at the beginning of the trading date compared to the closed value of 51.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Photocure stock. Still, in general, we apply an absolute valuation method to find Photocure'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 Photocure where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Photocure's related companies.
| Open | High | Low | Close | Volume | |
| 53.80 | 56.70 | 51.80 | 53.20 | 133,342 | |
09/18/2024 | 53.00 | 53.00 | 51.20 | 51.90 | 44,681 |
| 51.30 | 52.30 | 51.30 | 52.20 | 36,366 |
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Photocure Trading Date Momentum on September 18, 2024
| On September 19 2024 Photocure was traded for 52.20 at the closing time. The maximum traded price for the trading interval was 52.30 and the lowest daily price was 51.30 . The daily volume was recorded at 36.4 K. The volume of trading on 19th of September 2024 played a part in the next trading day price upswing. The trading delta at closing time to the next closing price was 0.58% . The trading delta at closing time to the closing price today is 4.05% . |
Photocure Fundamentals Correlations and Trends
By evaluating Photocure'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 Photocure's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Photocure financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Photocure Stock history
Photocure 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 Photocure is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Photocure 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 Photocure stock prices may prove useful in developing a viable investing in Photocure
Photocure ASA, a specialty pharmaceutical company, engages in the research, development, production, distribution, marketing, and sale of pharmaceutical products and related technical medical equipment in Nordic countries and the United States. Photocure ASA was founded in 1997 and is headquartered in Oslo, Norway. PHOTOCURE ASA operates under Drug Manufacturers - Major classification in Norway and is traded on Oslo Stock Exchange. It employs 71 people.
Photocure Stock Technical Analysis
Photocure 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
Photocure Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Photocure 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.
Photocure November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Photocure stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Photocure shares will generate the highest return on investment. By undertsting and applying Photocure stock market strength indicators, traders can identify Photocure entry and exit signals to maximize returns
Photocure Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Photocure's price direction in advance. Along with the technical and fundamental analysis of Photocure Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Photocure 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 | (0.06) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.44) |
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Other Information on Investing in Photocure Stock
Photocure financial ratios help investors to determine whether Photocure 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 Photocure with respect to the benefits of owning Photocure security.