Sedana Medical (Sweden) Price on May 8, 2023
SEDANA Stock | SEK 12.84 0.30 2.39% |
If you're considering investing in Sedana Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sedana Medical stands at 12.84, as last reported on the 1st of December, with the highest price reaching 12.90 and the lowest price hitting 12.38 during the day. Sedana Medical AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Sedana Medical AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sedana Medical's Risk Adjusted Performance of (0.10), variance of 26.74, and Coefficient Of Variation of (683.58) to confirm the risk estimate we provide.
Sedana Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sedana |
Sharpe Ratio = -0.1495
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Estimated Market Risk
5.17 actual daily | 46 54% of assets are more volatile |
Expected Return
-0.77 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sedana Medical 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 Sedana Medical by adding Sedana Medical to a well-diversified portfolio.
Sedana Medical Valuation on May 8, 2023
It is possible to determine the worth of Sedana Medical on a given historical date. On May 8, 2023 Sedana was worth 26.18 at the beginning of the trading date compared to the closed value of 26.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sedana Medical stock. Still, in general, we apply an absolute valuation method to find Sedana 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 Sedana Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sedana Medical's related companies.
Open | High | Low | Close | Volume | |
25.34 | 26.18 | 25.18 | 26.18 | 83,155 | |
05/08/2023 | 26.18 | 27.00 | 26.00 | 26.10 | 155,347 |
26.20 | 26.20 | 25.44 | 25.94 | 60,821 |
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Sedana Medical Trading Date Momentum on May 8, 2023
On May 09 2023 Sedana Medical AB was traded for 25.94 at the closing time. The highest price during the trading period was 26.20 and the lowest recorded bid was listed for 25.44 . The volume for the day was 60.8 K. This history from May 9, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 0.61% . The trading price change to the current price is 2.15% . |
Sedana Medical AB Fundamentals Correlations and Trends
By evaluating Sedana 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 Sedana Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sedana financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sedana Medical Stock history
Sedana 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 Sedana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sedana Medical 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 Sedana Medical stock prices may prove useful in developing a viable investing in Sedana Medical
Sedana Medical AB , a medical technology company, develops, markets, and sells medical devices in Sweden and internationally. Sedana Medical AB was founded in 2005 and is headquartered in Danderyd, Sweden. Sedana Medical operates under Medical Instruments Supplies classification in Sweden and is traded on Stockholm Stock Exchange. It employs 72 people.
Sedana Medical Stock Technical Analysis
Sedana 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
Sedana Medical Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Sedana Medical 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.
Sedana Medical December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Sedana 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 Sedana Medical shares will generate the highest return on investment. By undertsting and applying Sedana Medical stock market strength indicators, traders can identify Sedana Medical AB entry and exit signals to maximize returns
Sedana Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sedana Medical's price direction in advance. Along with the technical and fundamental analysis of Sedana Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sedana 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 | (0.10) | |||
Jensen Alpha | (0.94) | |||
Total Risk Alpha | (1.63) | |||
Treynor Ratio | (0.57) |
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Complementary Tools for Sedana Stock analysis
When running Sedana Medical's price analysis, check to measure Sedana Medical'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 Sedana Medical is operating at the current time. Most of Sedana Medical's value examination focuses on studying past and present price action to predict the probability of Sedana Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sedana Medical's price. Additionally, you may evaluate how the addition of Sedana Medical to your portfolios can decrease your overall portfolio volatility.
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