Genovis AB (Sweden) Price on December 2, 2024
| GENO Stock | SEK 18.70 0.46 2.40% |
If you're considering investing in Genovis Stock, it is important to understand the factors that can impact its price. As of today, the current price of Genovis AB stands at 18.70, as last reported on the 30th of March, with the highest price reaching 19.38 and the lowest price hitting 18.42 during the day. Genovis AB holds Efficiency (Sharpe) Ratio of -0.0732, which attests that the entity had a -0.0732 % return per unit of risk over the last 3 months. Genovis AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genovis AB's Market Risk Adjusted Performance of (0.28), risk adjusted performance of (0.06), and Standard Deviation of 4.51 to validate the risk estimate we provide.
Genovis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Genovis |
Sharpe Ratio = -0.0732
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Estimated Market Risk
| 4.62 actual daily | 41 59% of assets are more volatile |
Expected Return
| -0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Genovis AB 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 Genovis AB by adding Genovis AB to a well-diversified portfolio.
Genovis AB Valuation on December 2, 2024
It is possible to determine the worth of Genovis AB on a given historical date. On December 2, 2024 Genovis was worth 26.2 at the beginning of the trading date compared to the closed value of 25.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Genovis AB stock. Still, in general, we apply an absolute valuation method to find Genovis AB'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 Genovis AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Genovis AB's related companies.
| Open | High | Low | Close | Volume | |
| 25.55 | 26.55 | 25.35 | 26.25 | 32,948 | |
12/02/2024 | 26.20 | 26.20 | 24.60 | 25.10 | 67,342 |
| 24.80 | 25.65 | 24.15 | 24.55 | 132,836 |
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Genovis AB Trading Date Momentum on December 2, 2024
| On December 03 2024 Genovis AB was traded for 24.55 at the closing time. The highest price during the trading period was 25.65 and the lowest recorded bid was listed for 24.15 . The volume for the day was 132.8 K. This history from December 3, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.19% . The overall trading delta to the current price is 3.39% . |
Genovis AB Fundamentals Correlations and Trends
By evaluating Genovis AB'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 Genovis AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Genovis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Genovis AB Stock history
Genovis AB 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 Genovis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Genovis 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 Genovis AB stock prices may prove useful in developing a viable investing in Genovis AB
Genovis AB develops, produces, and sells tools for developing new medications and diagnostics for customers in the medical device and pharmaceutical industries. Genovis AB was founded in 1999 and is based in Lund, Sweden. Genovis AB operates under Biotechnology classification in Sweden and is traded on Stockholm Stock Exchange. It employs 20 people.
Genovis AB Stock Technical Analysis
Genovis AB 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
Genovis AB Period Price Range
Low | March 30, 2025
| High |
0.00 | 0.00 |
Genovis 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.
Genovis AB March 30, 2025 Market Strength
Market strength indicators help investors to evaluate how Genovis AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genovis AB shares will generate the highest return on investment. By undertsting and applying Genovis AB stock market strength indicators, traders can identify Genovis AB entry and exit signals to maximize returns
Genovis AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Genovis AB's price direction in advance. Along with the technical and fundamental analysis of Genovis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Genovis 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 | (0.06) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.29) |
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Additional Tools for Genovis Stock Analysis
When running Genovis AB's price analysis, check to measure Genovis AB'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 Genovis AB is operating at the current time. Most of Genovis AB's value examination focuses on studying past and present price action to predict the probability of Genovis AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genovis AB's price. Additionally, you may evaluate how the addition of Genovis AB to your portfolios can decrease your overall portfolio volatility.