Sprint Bioscience (Sweden) Price on October 5, 2023
| SPRINT Stock | SEK 1.82 0.02 1.09% |
If you're considering investing in Sprint Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sprint Bioscience stands at 1.82, as last reported on the 30th of November, with the highest price reaching 1.90 and the lowest price hitting 1.75 during the day. Sprint Bioscience appears to be dangerous, given 3 months investment horizon. Sprint Bioscience owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Sprint Bioscience's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Sprint Bioscience's Coefficient Of Variation of 855.69, semi deviation of 4.22, and Risk Adjusted Performance of 0.0978 to confirm if our risk estimates are consistent with your expectations.
Sprint Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sprint |
Sharpe Ratio = 0.1265
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Estimated Market Risk
| 4.89 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Sprint Bioscience is performing at about 9% of its full potential. 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 Sprint Bioscience by adding it to a well-diversified portfolio.
Sprint Bioscience Valuation on October 5, 2023
It is possible to determine the worth of Sprint Bioscience on a given historical date. On October 5, 2023 Sprint was worth 2.06 at the beginning of the trading date compared to the closed value of 2.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sprint Bioscience stock. Still, in general, we apply an absolute valuation method to find Sprint Bioscience'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 Sprint Bioscience where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sprint Bioscience's related companies.
| Open | High | Low | Close | Volume | |
| 2.00 | 2.06 | 1.88 | 2.06 | 213,841 | |
10/05/2023 | 2.06 | 2.17 | 1.93 | 2.00 | 80,492 |
| 2.00 | 2.10 | 1.94 | 2.01 | 45,803 |
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Sprint Bioscience Trading Date Momentum on October 5, 2023
| On October 06 2023 Sprint Bioscience AB was traded for 2.01 at the closing time. The highest price during the trading period was 2.10 and the lowest recorded bid was listed for 1.94 . The volume for the day was 45.8 K. This history from October 6, 2023 contributed to the next trading day price jump. The trading price change to the next closing price was 0.50% . The trading price change to the current price is 1.00% . |
Sprint Bioscience Fundamentals Correlations and Trends
By evaluating Sprint Bioscience'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 Sprint Bioscience's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sprint financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sprint Bioscience Stock history
Sprint Bioscience 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 Sprint is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sprint Bioscience 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 Sprint Bioscience stock prices may prove useful in developing a viable investing in Sprint Bioscience
Sprint Bioscience AB develops pharmaceutical products in the areas of cancer and metabolism. Sprint Bioscience AB was founded in 2009 and is based in Huddinge, Sweden. Sprint Bioscience operates under Pharmaceuticals And Biosciences classification in Sweden and is traded on Stockholm Stock Exchange.
Sprint Bioscience Stock Technical Analysis
Sprint Bioscience 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
Sprint Bioscience Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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Sprint Bioscience November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Sprint Bioscience stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sprint Bioscience shares will generate the highest return on investment. By undertsting and applying Sprint Bioscience stock market strength indicators, traders can identify Sprint Bioscience AB entry and exit signals to maximize returns
Sprint Bioscience Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sprint Bioscience's price direction in advance. Along with the technical and fundamental analysis of Sprint Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sprint 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 | 0.0978 | |||
| Jensen Alpha | 0.5934 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0847 | |||
| Treynor Ratio | (2.39) |
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| Volume Indicators |
Complementary Tools for Sprint Stock analysis
When running Sprint Bioscience's price analysis, check to measure Sprint Bioscience'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 Sprint Bioscience is operating at the current time. Most of Sprint Bioscience's value examination focuses on studying past and present price action to predict the probability of Sprint Bioscience's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sprint Bioscience's price. Additionally, you may evaluate how the addition of Sprint Bioscience to your portfolios can decrease your overall portfolio volatility.
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