Dedicare (Sweden) Price on February 23, 2024
| DEDI Stock | SEK 56.10 3.60 6.03% |
If you're considering investing in Dedicare Stock, it is important to understand the factors that can impact its price. As of today, the current price of Dedicare stands at 56.10, as last reported on the 29th of November, with the highest price reaching 60.30 and the lowest price hitting 56.10 during the day. Dedicare AB secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of standard deviation over the last 3 months. Dedicare AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dedicare's Standard Deviation of 1.87, coefficient of variation of (743.49), and Mean Deviation of 1.39 to check the risk estimate we provide.
Dedicare Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Dedicare |
Sharpe Ratio = -0.1229
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Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Dedicare 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 Dedicare by adding Dedicare to a well-diversified portfolio.
Dedicare Valuation on February 23, 2024
It is possible to determine the worth of Dedicare on a given historical date. On February 23, 2024 Dedicare was worth 90.65 at the beginning of the trading date compared to the closed value of 91.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Dedicare stock. Still, in general, we apply an absolute valuation method to find Dedicare'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 Dedicare where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Dedicare's related companies.
| Open | High | Low | Close | Volume | |
| 90.47 | 91.19 | 88.20 | 90.38 | 23,649 | |
02/23/2024 | 90.65 | 91.01 | 88.56 | 91.01 | 32,218 |
| 90.83 | 91.37 | 89.38 | 91.37 | 37,106 |
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Dedicare Trading Date Momentum on February 23, 2024
| On February 26 2024 Dedicare AB was traded for 91.37 at the closing time. The highest price during the trading period was 91.37 and the lowest recorded bid was listed for 89.38 . The volume for the day was 37.1 K. This history from February 26, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 0.40% . The overall trading delta to the current price is 3.38% . |
Dedicare AB Fundamentals Correlations and Trends
By evaluating Dedicare'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 Dedicare's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Dedicare financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Dedicare Stock history
Dedicare 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 Dedicare is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Dedicare AB 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 Dedicare stock prices may prove useful in developing a viable investing in Dedicare
Dedicare AB operates as a staffing company in the healthcare industry primarily in Sweden, Norway, Finland, and Denmark. The company was founded in 1996 and is headquartered in Stockholm, Sweden. Dedicare operates under HR And Recruitment classification in Sweden and is traded on Stockholm Stock Exchange.
Dedicare Stock Technical Analysis
Dedicare 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
Dedicare Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Dedicare 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.
Dedicare November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Dedicare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dedicare shares will generate the highest return on investment. By undertsting and applying Dedicare stock market strength indicators, traders can identify Dedicare AB entry and exit signals to maximize returns
Dedicare Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Dedicare's price direction in advance. Along with the technical and fundamental analysis of Dedicare Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Dedicare 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 | (0.1) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (2.73) |
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Additional Tools for Dedicare Stock Analysis
When running Dedicare's price analysis, check to measure Dedicare'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 Dedicare is operating at the current time. Most of Dedicare's value examination focuses on studying past and present price action to predict the probability of Dedicare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dedicare's price. Additionally, you may evaluate how the addition of Dedicare to your portfolios can decrease your overall portfolio volatility.