Swedish Orphan (Sweden) Price on March 18, 2024

SOBI Stock  SEK 282.40  5.40  1.88%   
If you're considering investing in Swedish Stock, it is important to understand the factors that can impact its price. As of today, the current price of Swedish Orphan stands at 282.40, as last reported on the 16th of May 2024, with the highest price reaching 290.60 and the lowest price hitting 275.40 during the day. We consider Swedish Orphan very steady. Swedish Orphan Biovitrum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Swedish Orphan Biovitrum, which you can use to evaluate the volatility of the company. Please validate Swedish Orphan's Coefficient Of Variation of 7333.32, risk adjusted performance of 0.015, and Semi Deviation of 1.84 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
  
Swedish Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1226

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Estimated Market Risk

 1.48
  actual daily
13
87% of assets are more volatile

Expected Return

 0.18
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.12
  actual daily
9
91% of assets perform better
Based on monthly moving average Swedish Orphan 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 Swedish Orphan by adding it to a well-diversified portfolio.

Swedish Orphan Valuation on March 18, 2024

It is possible to determine the worth of Swedish Orphan on a given historical date. On March 18, 2024 Swedish was worth 270.4 at the beginning of the trading date compared to the closed value of 267.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Swedish Orphan stock. Still, in general, we apply an absolute valuation method to find Swedish Orphan'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 Swedish Orphan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Swedish Orphan's related companies.
 Open High Low Close Volume
  278.80    278.80    269.60    271.20    1,482,785  
03/18/2024
  270.40    270.60    262.20    267.80    534,318  
  266.80    268.60    263.60    264.00    486,912  
Backtest Swedish Orphan  |  Swedish Orphan History  |  Swedish Orphan Valuation   PreviousNext  
Open Value
270.4
265.95
Downside
267.8
Closing Value
274.85
Upside

Swedish Orphan Trading Date Momentum on March 18, 2024

On March 19 2024 Swedish Orphan Biovitrum was traded for  264.00  at the closing time. The highest price during the trading period was 268.60  and the lowest recorded bid was listed for  263.60 . The volume for the day was 486.9 K. This history from March 19, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.42% . The trading price change to the current price is 2.32% .

Swedish Orphan Biovitrum Fundamentals Correlations and Trends

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

About Swedish Orphan Stock history

Swedish Orphan 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 Swedish is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Swedish Orphan Biovitrum 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 Swedish Orphan stock prices may prove useful in developing a viable investing in Swedish Orphan
Swedish Orphan Biovitrum AB , an integrated biotechnology company, researches, develops, manufactures, and sells pharmaceuticals in the therapeutic areas of haemophilia, immunology, and genetic and metabolic diseases. Swedish Orphan Biovitrum AB is headquartered in Solna, Sweden. Swedish Orphan operates under Pharmaceuticals And Biosciences classification in Sweden and is traded on Stockholm Stock Exchange. It employs 1185 people.

Swedish Orphan Stock Technical Analysis

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

Swedish Orphan Period Price Range

Low
March 18, 2024
-2.6  -0.96%
High

 270.40 

     

 267.80 

Swedish Orphan May 16, 2024 Market Strength

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

Swedish Orphan Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Swedish Orphan's price direction in advance. Along with the technical and fundamental analysis of Swedish Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Swedish 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Swedish Orphan Biovitrum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for Swedish Stock analysis

When running Swedish Orphan's price analysis, check to measure Swedish Orphan'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 Swedish Orphan is operating at the current time. Most of Swedish Orphan's value examination focuses on studying past and present price action to predict the probability of Swedish Orphan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Swedish Orphan's price. Additionally, you may evaluate how the addition of Swedish Orphan to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Swedish Orphan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Swedish Orphan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Swedish Orphan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.