Thermo Fisher (Germany) Price on July 29, 2024
TN8 Stock | EUR 496.25 7.00 1.43% |
If you're considering investing in Thermo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thermo Fisher stands at 496.25, as last reported on the 28th of November, with the highest price reaching 496.25 and the lowest price hitting 487.80 during the day. Thermo Fisher Scientific owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Thermo Fisher Scientific exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thermo Fisher's Coefficient Of Variation of (1,053), variance of 2.13, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide.
Thermo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thermo |
Sharpe Ratio = -0.111
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Estimated Market Risk
1.47 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Thermo Fisher 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 Thermo Fisher by adding Thermo Fisher to a well-diversified portfolio.
Thermo Fisher Valuation on July 29, 2024
It is possible to determine the worth of Thermo Fisher on a given historical date. On July 29, 2024 Thermo was worth 559.21 at the beginning of the trading date compared to the closed value of 559.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thermo Fisher stock. Still, in general, we apply an absolute valuation method to find Thermo Fisher'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 Thermo Fisher where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thermo Fisher's related companies.
Open | High | Low | Close | Volume | |
544.82 | 556.81 | 544.82 | 556.81 | 204.00 | |
07/29/2024 | 559.21 | 562.50 | 559.01 | 559.61 | 96.00 |
558.01 | 561.81 | 558.01 | 561.81 | 50.00 |
Backtest Thermo Fisher | | | Thermo Fisher History | | | Thermo Fisher Valuation | Previous | Next |
Thermo Fisher Trading Date Momentum on July 29, 2024
On July 30 2024 Thermo Fisher Scientific was traded for 561.81 at the closing time. The highest daily price throughout the period was 561.81 and the lowest price was 558.01 . The daily volume was 50.0. The net trading volume on 07/30/2024 added to the next day price rise. The trading price change to closing price of the next trading day was 0.39% . The trading price change to current closing price is 4.59% . |
Thermo Fisher Scientific Fundamentals Correlations and Trends
By evaluating Thermo Fisher'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 Thermo Fisher's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thermo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thermo Fisher Stock history
Thermo Fisher 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 Thermo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thermo Fisher Scientific 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 Thermo Fisher stock prices may prove useful in developing a viable investing in Thermo Fisher
Thermo Fisher Scientific Inc. provides analytical and other instruments, laboratory equipment, software, consumables, reagents, instrument systems, chemicals, supplies, and services worldwide. The company was founded in 1956 and is headquartered in Waltham, Massachusetts. THERMO FISH operates under Diagnostics Research classification in Germany and is traded on Frankfurt Stock Exchange. It employs 70000 people.
Thermo Fisher Stock Technical Analysis
Thermo Fisher 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
Thermo Fisher Period Price Range
Low | November 28, 2024
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0.00 | 0.00 |
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Thermo Fisher November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Thermo Fisher stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thermo Fisher shares will generate the highest return on investment. By undertsting and applying Thermo Fisher stock market strength indicators, traders can identify Thermo Fisher Scientific entry and exit signals to maximize returns
Thermo Fisher Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thermo Fisher's price direction in advance. Along with the technical and fundamental analysis of Thermo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thermo 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 | (0.07) | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (0.38) | |||
Treynor Ratio | (0.18) |
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Complementary Tools for Thermo Stock analysis
When running Thermo Fisher's price analysis, check to measure Thermo Fisher'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 Thermo Fisher is operating at the current time. Most of Thermo Fisher's value examination focuses on studying past and present price action to predict the probability of Thermo Fisher's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermo Fisher's price. Additionally, you may evaluate how the addition of Thermo Fisher to your portfolios can decrease your overall portfolio volatility.
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