Spago Nanomedical (Sweden) Price on June 8, 2023

SPAGO Stock  SEK 0.19  0.01  5.00%   
If you're considering investing in Spago Stock, it is important to understand the factors that can impact its price. As of today, the current price of Spago Nanomedical stands at 0.19, as last reported on the 15th of January 2025, with the highest price reaching 0.20 and the lowest price hitting 0.18 during the day. Spago Nanomedical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0288, which indicates the firm had a -0.0288% return per unit of risk over the last 3 months. Spago Nanomedical AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spago Nanomedical's Risk Adjusted Performance of (0.01), coefficient of variation of (4,361), and Variance of 21.29 to confirm the risk estimate we provide.
  
Spago Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0288

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Estimated Market Risk

 4.8
  actual daily
42
58% of assets are more volatile

Expected Return

 -0.14
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Spago Nanomedical 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 Spago Nanomedical by adding Spago Nanomedical to a well-diversified portfolio.

Spago Nanomedical Valuation on June 8, 2023

It is possible to determine the worth of Spago Nanomedical on a given historical date. On June 8, 2023 Spago was worth 0.72 at the beginning of the trading date compared to the closed value of 0.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spago Nanomedical stock. Still, in general, we apply an absolute valuation method to find Spago Nanomedical'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 Spago Nanomedical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spago Nanomedical's related companies.
 Open High Low Close Volume
  0.75    0.75    0.69    0.72    98,110  
06/08/2023
  0.72    0.72    0.67    0.71    97,816  
  0.71    0.74    0.70    0.70    43,911  
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Open Value
0.72
0.71
Closing Value
15.12
Upside

Spago Nanomedical Trading Date Momentum on June 8, 2023

On June 09 2023 Spago Nanomedical AB was traded for  0.70  at the closing time. The highest price during the trading period was 0.74  and the lowest recorded bid was listed for  0.70 . The volume for the day was 43.9 K. This history from June 9, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 1.41% . The trading price change to the current price is 5.63% .

Spago Nanomedical Fundamentals Correlations and Trends

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

About Spago Nanomedical Stock history

Spago Nanomedical 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 Spago is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spago Nanomedical 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 Spago Nanomedical stock prices may prove useful in developing a viable investing in Spago Nanomedical
Spago Nanomedical AB develops nanomaterials for cancer diagnostics and treatment. Spago Nanomedical AB was founded in 2007 and is based in Lund, Sweden. Spago Nanomedical is traded on Stockholm Stock Exchange in Sweden.

Spago Nanomedical Stock Technical Analysis

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

Spago Nanomedical Period Price Range

Low
January 15, 2025
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Spago Nanomedical 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.

Spago Nanomedical January 15, 2025 Market Strength

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

Spago Nanomedical Technical and Predictive Indicators

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

Additional Tools for Spago Stock Analysis

When running Spago Nanomedical's price analysis, check to measure Spago Nanomedical'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 Spago Nanomedical is operating at the current time. Most of Spago Nanomedical's value examination focuses on studying past and present price action to predict the probability of Spago Nanomedical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spago Nanomedical's price. Additionally, you may evaluate how the addition of Spago Nanomedical to your portfolios can decrease your overall portfolio volatility.