Scandinavian Medical (Denmark) Price on November 22, 2023
| SMSMED Stock | 6.48 0.02 0.31% |
If you're considering investing in Scandinavian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Scandinavian Medical stands at 6.48, as last reported on the 28th of November, with the highest price reaching 6.54 and the lowest price hitting 6.20 during the day. Scandinavian Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0066, which indicates the firm had a -0.0066% return per unit of risk over the last 3 months. Scandinavian Medical Solutions exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scandinavian Medical's Risk Adjusted Performance of 0.0359, coefficient of variation of 2673.19, and Semi Deviation of 2.06 to confirm the risk estimate we provide.
Scandinavian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Scandinavian |
Sharpe Ratio = -0.0066
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| Negative Returns | SMSMED |
Estimated Market Risk
| 2.65 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Scandinavian 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 Scandinavian Medical by adding Scandinavian Medical to a well-diversified portfolio.
Scandinavian Medical Valuation on November 22, 2023
It is possible to determine the worth of Scandinavian Medical on a given historical date. On November 22, 2023 Scandinavian was worth 8.28 at the beginning of the trading date compared to the closed value of 8.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Scandinavian Medical stock. Still, in general, we apply an absolute valuation method to find Scandinavian 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 Scandinavian Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Scandinavian Medical's related companies.
| Open | High | Low | Close | Volume | |
| 9.28 | 9.46 | 8.14 | 8.28 | 269,279 | |
11/22/2023 | 8.28 | 8.30 | 7.78 | 8.08 | 245,466 |
| 8.06 | 8.30 | 7.80 | 7.84 | 183,074 |
| Backtest Scandinavian Medical | | | Scandinavian Medical History | Previous | Next |
Scandinavian Medical Trading Date Momentum on November 22, 2023
| On November 23 2023 Scandinavian Medical Solutions was traded for 7.84 at the closing time. The highest price during the trading period was 8.30 and the lowest recorded bid was listed for 7.80 . The volume for the day was 183.1 K. This history from November 23, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 2.97% . The trading price change to the current price is 2.72% . |
Price Boundaries
Scandinavian Medical Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Scandinavian Medical Solutions cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.
Scandinavian Medical November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Scandinavian 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 Scandinavian Medical shares will generate the highest return on investment. By undertsting and applying Scandinavian Medical stock market strength indicators, traders can identify Scandinavian Medical Solutions entry and exit signals to maximize returns
Scandinavian Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Scandinavian Medical's price direction in advance. Along with the technical and fundamental analysis of Scandinavian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Scandinavian 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 | 0.0359 | |||
| Jensen Alpha | 0.083 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.9086 |
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Complementary Tools for Scandinavian Stock analysis
When running Scandinavian Medical's price analysis, check to measure Scandinavian 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 Scandinavian Medical is operating at the current time. Most of Scandinavian Medical's value examination focuses on studying past and present price action to predict the probability of Scandinavian 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 Scandinavian Medical's price. Additionally, you may evaluate how the addition of Scandinavian Medical to your portfolios can decrease your overall portfolio volatility.
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