RaySearch Laboratories (Sweden) Price on February 20, 2024
| RAY-B Stock | SEK 208.00 1.00 0.48% |
If you're considering investing in RaySearch Stock, it is important to understand the factors that can impact its price. As of today, the current price of RaySearch Laboratories stands at 208.00, as last reported on the 1st of December, with the highest price reaching 209.50 and the lowest price hitting 205.50 during the day. RaySearch Laboratories appears to be very steady, given 3 months investment horizon. RaySearch Laboratories maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing RaySearch Laboratories' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please evaluate RaySearch Laboratories' Risk Adjusted Performance of 0.1285, coefficient of variation of 631.12, and Semi Deviation of 1.47 to confirm if our risk estimates are consistent with your expectations.
RaySearch Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
RaySearch |
Sharpe Ratio = 0.1762
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Estimated Market Risk
| 2.9 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average RaySearch Laboratories is performing at about 13% 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 RaySearch Laboratories by adding it to a well-diversified portfolio.
RaySearch Laboratories Valuation on February 20, 2024
It is possible to determine the worth of RaySearch Laboratories on a given historical date. On February 20, 2024 RaySearch was worth 91.28 at the beginning of the trading date compared to the closed value of 87.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RaySearch Laboratories stock. Still, in general, we apply an absolute valuation method to find RaySearch Laboratories' 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 RaySearch Laboratories where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RaySearch Laboratories' related companies.
| Open | High | Low | Close | Volume | |
| 92.47 | 93.66 | 90.49 | 90.98 | 59,363 | |
02/20/2024 | 91.28 | 91.87 | 87.02 | 87.22 | 34,340 |
| 87.71 | 87.71 | 84.24 | 86.62 | 71,990 |
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RaySearch Laboratories Trading Date Momentum on February 20, 2024
| On February 21 2024 RaySearch Laboratories AB was traded for 86.62 at the closing time. The highest price during the trading period was 87.71 and the lowest recorded bid was listed for 84.24 . The volume for the day was 72 K. This history from February 21, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.69% . The trading delta at closing time to the current price is 11.81% . |
RaySearch Laboratories Fundamentals Correlations and Trends
By evaluating RaySearch Laboratories' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among RaySearch Laboratories' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. RaySearch financial account trend analysis is a perfect complement when working with valuation or volatility modules.About RaySearch Laboratories Stock history
RaySearch Laboratories 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 RaySearch is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RaySearch Laboratories 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 RaySearch Laboratories stock prices may prove useful in developing a viable investing in RaySearch Laboratories
RaySearch Laboratories AB operates as a medical technology company that develops software solutions for cancer treatment in North America, Asia, Europe, and internationally. The company was founded in 2000 and is headquartered in Stockholm, Sweden. RaySearch Laboratories operates under Medical Equipment classification in Sweden and is traded on Stockholm Stock Exchange. It employs 307 people.
RaySearch Laboratories Stock Technical Analysis
RaySearch Laboratories 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
RaySearch Laboratories Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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RaySearch Laboratories December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how RaySearch Laboratories stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RaySearch Laboratories shares will generate the highest return on investment. By undertsting and applying RaySearch Laboratories stock market strength indicators, traders can identify RaySearch Laboratories AB entry and exit signals to maximize returns
RaySearch Laboratories Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for RaySearch Laboratories' price direction in advance. Along with the technical and fundamental analysis of RaySearch Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of RaySearch 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 | 0.1285 | |||
| Jensen Alpha | 0.4341 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1628 | |||
| Treynor Ratio | 2.79 |
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Additional Tools for RaySearch Stock Analysis
When running RaySearch Laboratories' price analysis, check to measure RaySearch Laboratories' 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 RaySearch Laboratories is operating at the current time. Most of RaySearch Laboratories' value examination focuses on studying past and present price action to predict the probability of RaySearch Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RaySearch Laboratories' price. Additionally, you may evaluate how the addition of RaySearch Laboratories to your portfolios can decrease your overall portfolio volatility.