Sofwave Medical (Israel) Price on August 20, 2024

SOFW Stock   1,719  17.00  1.00%   
If you're considering investing in Sofwave Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sofwave Medical stands at 1,719, as last reported on the 30th of November, with the highest price reaching 1,759 and the lowest price hitting 1,701 during the day. Sofwave Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0114, which indicates the firm had a -0.0114% return per unit of risk over the last 3 months. Sofwave Medical exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sofwave Medical's Semi Deviation of 2.65, coefficient of variation of 3850.25, and Risk Adjusted Performance of 0.0269 to confirm the risk estimate we provide.
  
Sofwave Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0114

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Estimated Market Risk

 2.79
  actual daily
24
76% of assets are more volatile

Expected Return

 -0.03
  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 Sofwave 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 Sofwave Medical by adding Sofwave Medical to a well-diversified portfolio.

Sofwave Medical Valuation on August 20, 2024

It is possible to determine the worth of Sofwave Medical on a given historical date. On August 20, 2024 Sofwave was worth 1672.0 at the beginning of the trading date compared to the closed value of 1676.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sofwave Medical stock. Still, in general, we apply an absolute valuation method to find Sofwave 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 Sofwave Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sofwave Medical's related companies.
 Open High Low Close Volume
  1,670    1,710    1,670    1,672    29,192  
08/20/2024
  1,672    1,702    1,670    1,676    4,053  
  1,676    1,758    1,675    1,747    18,663  
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Open Value
1672.0
1676.0
Closing Value
1,680
Upside

Sofwave Medical Trading Date Momentum on August 20, 2024

On August 21 2024 Sofwave Medical was traded for  1,747  at the closing time. The highest price during the trading period was 1,758  and the lowest recorded bid was listed for  1,675 . The volume for the day was 18.7 K. This history from August 21, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 4.24% . The trading price change to the current price is 5.91% .

Sofwave Medical Fundamentals Correlations and Trends

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

About Sofwave Medical Stock history

Sofwave 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 Sofwave is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sofwave Medical 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 Sofwave Medical stock prices may prove useful in developing a viable investing in Sofwave Medical

Sofwave Medical Stock Technical Analysis

Sofwave 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.
A focus of Sofwave Medical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sofwave Medical 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

Sofwave Medical Period Price Range

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Sofwave Medical cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv 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.

Sofwave Medical November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Sofwave 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 Sofwave Medical shares will generate the highest return on investment. By undertsting and applying Sofwave Medical stock market strength indicators, traders can identify Sofwave Medical entry and exit signals to maximize returns

Sofwave Medical Technical and Predictive Indicators

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

When running Sofwave Medical's price analysis, check to measure Sofwave 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 Sofwave Medical is operating at the current time. Most of Sofwave Medical's value examination focuses on studying past and present price action to predict the probability of Sofwave 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 Sofwave Medical's price. Additionally, you may evaluate how the addition of Sofwave Medical to your portfolios can decrease your overall portfolio volatility.
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