Precise Biometrics (Sweden) Price on March 12, 2024
| PREC Stock | SEK 3.73 0.73 24.33% |
If you're considering investing in Precise Stock, it is important to understand the factors that can impact its price. As of today, the current price of Precise Biometrics stands at 3.73, as last reported on the 20th of June, with the highest price reaching 3.73 and the lowest price hitting 3.22 during the day. Precise Biometrics is extremely dangerous given 3 months investment horizon. Precise Biometrics maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.02% are justified by taking the suggested risk. Use Precise Biometrics Semi Deviation of 4.92, risk adjusted performance of 0.1383, and Coefficient Of Variation of 484.17 to evaluate company specific risk that cannot be diversified away.
Precise Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Precise |
Sharpe Ratio = 0.2165
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| Good Returns | PREC | |||
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Estimated Market Risk
| 13.96 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.02 actual daily | 59 59% of assets have lower returns |
Risk-Adjusted Return
| 0.22 actual daily | 16 84% of assets perform better |
Based on monthly moving average Precise Biometrics is performing at about 16% 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 Precise Biometrics by adding it to a well-diversified portfolio.
Precise Biometrics Valuation on March 12, 2024
It is possible to determine the worth of Precise Biometrics on a given historical date. On March 12, 2024 Precise was worth 1.04 at the beginning of the trading date compared to the closed value of 1.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Precise Biometrics stock. Still, in general, we apply an absolute valuation method to find Precise Biometrics' 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 Precise Biometrics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Precise Biometrics' related companies.
| Open | High | Low | Close | Volume | |
| 1.02 | 1.10 | 1.00 | 1.04 | 318,649 | |
03/12/2024 | 1.04 | 1.10 | 1.01 | 1.04 | 188,448 |
| 1.02 | 1.07 | 0.99 | 1.00 | 493,923 |
| Backtest Precise Biometrics | | | Precise Biometrics History | | | Precise Biometrics Valuation | Previous | Next |
Precise Biometrics Trading Date Momentum on March 12, 2024
| On March 13 2024 Precise Biometrics AB was traded for 1.00 at the closing time. The highest price during the trading period was 1.07 and the lowest recorded bid was listed for 0.99 . The volume for the day was 493.9 K. This history from March 13, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 3.85% . The trading delta at closing time to the current price is 3.85% . |
Precise Biometrics Fundamentals Correlations and Trends
By evaluating Precise Biometrics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Precise Biometrics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Precise financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Precise Biometrics Stock history
Precise Biometrics 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 Precise is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Precise Biometrics 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 Precise Biometrics stock prices may prove useful in developing a viable investing in Precise Biometrics
Precise Biometrics AB develops and sells biometric authentication solutions for peoples digital identity and fingerprints in mobile phones and smart cards. Precise Biometrics AB was founded in 1997 and is headquartered in Lund, Sweden. Precise Biometrics operates under Security Protection Services classification in Sweden and is traded on Stockholm Stock Exchange. It employs 27 people.
Precise Biometrics Stock Technical Analysis
Precise Biometrics 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
Precise Biometrics Period Price Range
Low | March 12, 2024
| High |
1.04 | 1.04 |
Precise Biometrics June 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Precise Biometrics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Precise Biometrics shares will generate the highest return on investment. By undertsting and applying Precise Biometrics stock market strength indicators, traders can identify Precise Biometrics AB entry and exit signals to maximize returns
| Accumulation Distribution | 15418.47 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.06 | |||
| Day Typical Price | 1.05 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | 2.69 |
Precise Biometrics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Precise Biometrics' price direction in advance. Along with the technical and fundamental analysis of Precise Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Precise 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 | 0.1383 | |||
| Jensen Alpha | 2.72 | |||
| Total Risk Alpha | 2.68 | |||
| Sortino Ratio | 0.4424 | |||
| Treynor Ratio | 8.65 |
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Additional Tools for Precise Stock Analysis
When running Precise Biometrics' price analysis, check to measure Precise Biometrics' 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 Precise Biometrics is operating at the current time. Most of Precise Biometrics' value examination focuses on studying past and present price action to predict the probability of Precise Biometrics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precise Biometrics' price. Additionally, you may evaluate how the addition of Precise Biometrics to your portfolios can decrease your overall portfolio volatility.