Simris Alg (Sweden) Price on May 8, 2024

SIMRIS-B  SEK 0.08  0  4.42%   
If you're considering investing in Simris Stock, it is important to understand the factors that can impact its price. As of today, the current price of Simris Alg stands at 0.08, as last reported on the 30th of November, with the highest price reaching 0.08 and the lowest price hitting 0.08 during the day. Simris Alg AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0477, which indicates the firm had a -0.0477% return per unit of risk over the last 3 months. Simris Alg AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Simris Alg's Variance of 65.54, coefficient of variation of (1,794), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
  
Simris Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0477

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsSIMRIS-B

Estimated Market Risk

 8.18
  actual daily
72
72% of assets are less volatile

Expected Return

 -0.39
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Simris Alg 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 Simris Alg by adding Simris Alg to a well-diversified portfolio.

Simris Alg Valuation on May 8, 2024

It is possible to determine the worth of Simris Alg on a given historical date. On May 8, 2024 Simris was worth 0.12 at the beginning of the trading date compared to the closed value of 0.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Simris Alg stock. Still, in general, we apply an absolute valuation method to find Simris Alg'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 Simris Alg where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Simris Alg's related companies.
 Open High Low Close Volume
  0.12    0.12    0.12    0.12    222,931  
05/08/2024
  0.12    0.12    0.12    0.12    130,526  
  0.12    0.12    0.12    0.12    425,780  
Backtest Simris Alg  |  Simris Alg History  |  Simris Alg Valuation   PreviousNext  
Open Value
0.12
0.12
Closing Value
24.66
Upside

Simris Alg Trading Date Momentum on May 8, 2024

On May 10 2024 Simris Alg AB was traded for  0.12  at the closing time. The highest price during the trading period was 0.12  and the lowest recorded bid was listed for  0.12 . The volume for the day was 425.8 K. This history from May 10, 2024 did not result in any price rise and fall. The trading price change to the current price is 41.67% .

Simris Alg AB Fundamentals Correlations and Trends

By evaluating Simris Alg'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 Simris Alg's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Simris financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Simris Alg Stock history

Simris Alg 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 Simris is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Simris Alg 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 Simris Alg stock prices may prove useful in developing a viable investing in Simris Alg
Simris Alg AB manufactures and sells dietary supplements and algae-based foods in Sweden and internationally. The company was founded in 2010 and is based in Hammenhg, Sweden. Simris Alg is traded on Stockholm Stock Exchange in Sweden.

Simris Alg Stock Technical Analysis

Simris Alg 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.
A focus of Simris Alg technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Simris Alg trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Simris Alg Period Price Range

Low
November 30, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Simris Alg 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.

Simris Alg November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Simris Alg stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Simris Alg shares will generate the highest return on investment. By undertsting and applying Simris Alg stock market strength indicators, traders can identify Simris Alg AB entry and exit signals to maximize returns

Simris Alg Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Simris Alg's price direction in advance. Along with the technical and fundamental analysis of Simris Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Simris 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.

Complementary Tools for Simris Stock analysis

When running Simris Alg's price analysis, check to measure Simris Alg'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 Simris Alg is operating at the current time. Most of Simris Alg's value examination focuses on studying past and present price action to predict the probability of Simris Alg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simris Alg's price. Additionally, you may evaluate how the addition of Simris Alg to your portfolios can decrease your overall portfolio volatility.
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Stocks Directory
Find actively traded stocks across global markets
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets