SoftOx Solutions (Norway) Price on July 23, 2024
SOFTX Stock | NOK 0.01 0 20.29% |
If you're considering investing in SoftOx Stock, it is important to understand the factors that can impact its price. As of today, the current price of SoftOx Solutions stands at 0.01, as last reported on the 28th of November, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. SoftOx Solutions owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. SoftOx Solutions AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SoftOx Solutions' Variance of 52.45, risk adjusted performance of (0.08), and Coefficient Of Variation of (884.38) to confirm the risk estimate we provide.
SoftOx Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SoftOx |
Sharpe Ratio = -0.1633
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Estimated Market Risk
7.62 actual daily | 67 67% of assets are less volatile |
Expected Return
-1.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SoftOx Solutions 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 SoftOx Solutions by adding SoftOx Solutions to a well-diversified portfolio.
SoftOx Solutions Valuation on July 23, 2024
It is possible to determine the worth of SoftOx Solutions on a given historical date. On July 23, 2024 SoftOx was worth 0.07 at the beginning of the trading date compared to the closed value of 0.0634. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SoftOx Solutions stock. Still, in general, we apply an absolute valuation method to find SoftOx Solutions' 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 SoftOx Solutions where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SoftOx Solutions' related companies.
Open | High | Low | Close | Volume | |
0.07 | 0.07 | 0.05 | 0.07 | 1,866,538 | |
07/23/2024 | 0.07 | 0.07 | 0.06 | 0.06 | 223,200 |
0.07 | 0.07 | 0.06 | 0.07 | 1,354,644 |
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SoftOx Solutions Trading Date Momentum on July 23, 2024
On July 24 2024 SoftOx Solutions AS was traded for 0.07 at the closing time. The highest price during the trading period was 0.07 and the lowest recorded bid was listed for 0.06 . The volume for the day was 1.4 M. This history from July 24, 2024 contributed to the next trading day price boost. The trading price change to the next closing price was 8.52% . The trading price change to the current price is 11.67% . |
SoftOx Solutions Fundamentals Correlations and Trends
By evaluating SoftOx Solutions' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SoftOx Solutions' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SoftOx financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SoftOx Solutions Stock history
SoftOx Solutions 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 SoftOx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SoftOx Solutions 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 SoftOx Solutions stock prices may prove useful in developing a viable investing in SoftOx Solutions
SoftOx Solutions AS, together with its subsidiaries, operates as a medtech and biotech company in Scandinavian. SoftOx Solutions AS was incorporated in 2012 and is based in Fornebu, Norway. SOFTOX SOLUTIONS is traded on Oslo Stock Exchange in Norway.
SoftOx Solutions Stock Technical Analysis
SoftOx Solutions 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
SoftOx Solutions Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
SoftOx Solutions AS cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock 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.
SoftOx Solutions November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how SoftOx Solutions stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SoftOx Solutions shares will generate the highest return on investment. By undertsting and applying SoftOx Solutions stock market strength indicators, traders can identify SoftOx Solutions AS entry and exit signals to maximize returns
SoftOx Solutions Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SoftOx Solutions' price direction in advance. Along with the technical and fundamental analysis of SoftOx Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SoftOx 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 | (0.08) | |||
Jensen Alpha | (0.83) | |||
Total Risk Alpha | (1.97) | |||
Treynor Ratio | (18.14) |
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Other Information on Investing in SoftOx Stock
SoftOx Solutions financial ratios help investors to determine whether SoftOx Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SoftOx with respect to the benefits of owning SoftOx Solutions security.