Promimic (Sweden) Price on December 4, 2024
| PRO Stock | 26.10 0.80 2.97% |
If you're considering investing in Promimic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Promimic stands at 26.10, as last reported on the 12th of December 2024, with the highest price reaching 27.00 and the lowest price hitting 26.00 during the day. Promimic AB maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of risk over the last 3 months. Promimic AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Promimic's Coefficient Of Variation of (1,005), risk adjusted performance of (0.06), and Variance of 12.8 to confirm the risk estimate we provide.
Promimic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Promimic |
Sharpe Ratio = -0.1006
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PRO |
Estimated Market Risk
| 3.62 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.36 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Promimic 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 Promimic by adding Promimic to a well-diversified portfolio.
Promimic Valuation on December 4, 2024
It is possible to determine the worth of Promimic on a given historical date. On December 4, 2024 Promimic was worth 27.8 at the beginning of the trading date compared to the closed value of 27.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Promimic stock. Still, in general, we apply an absolute valuation method to find Promimic'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 Promimic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Promimic's related companies.
| Open | High | Low | Close | Volume | |
| 26.90 | 28.00 | 26.70 | 26.70 | 15,026 | |
12/04/2024 | 27.80 | 27.90 | 27.10 | 27.10 | 2,114 |
| 26.90 | 26.90 | 26.40 | 26.50 | 288.00 |
| Backtest Promimic | | | Promimic History | | | Promimic Valuation | Previous | Next |
Promimic Trading Date Momentum on December 4, 2024
| On December 05 2024 Promimic AB was traded for 26.50 at the closing time. The maximum traded price for the trading interval was 26.90 and the lowest daily price was 26.40 . The daily volume was recorded at 288. The volume of trading on 5th of December 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 2.21% . The trading delta at closing time to the closing price today is 0.37% . |
Promimic AB Fundamentals Correlations and Trends
By evaluating Promimic'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 Promimic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Promimic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Promimic Stock history
Promimic 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 Promimic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Promimic 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 Promimic stock prices may prove useful in developing a viable investing in Promimic
Promimic Stock Technical Analysis
Promimic 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
Promimic Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Promimic 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.
Promimic December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Promimic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Promimic shares will generate the highest return on investment. By undertsting and applying Promimic stock market strength indicators, traders can identify Promimic AB entry and exit signals to maximize returns
Promimic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Promimic's price direction in advance. Along with the technical and fundamental analysis of Promimic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Promimic 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 | (0.29) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | 0.4664 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Promimic Stock Analysis
When running Promimic's price analysis, check to measure Promimic'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 Promimic is operating at the current time. Most of Promimic's value examination focuses on studying past and present price action to predict the probability of Promimic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Promimic's price. Additionally, you may evaluate how the addition of Promimic to your portfolios can decrease your overall portfolio volatility.