OBSERVE MEDICAL (Germany) Price on May 5, 2023
| OM5A Stock | EUR 0.03 0.0006 1.99% |
If you're considering investing in OBSERVE Stock, it is important to understand the factors that can impact its price. As of today, the current price of OBSERVE MEDICAL stands at 0.03, as last reported on the 27th of December, with the highest price reaching 0.03 and the lowest price hitting 0.03 during the day. At this point, OBSERVE MEDICAL is out of control. OBSERVE MEDICAL ASA maintains Sharpe Ratio (i.e., Efficiency) of 0.0318, which implies the company had a 0.0318% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for OBSERVE MEDICAL ASA, which you can use to evaluate the volatility of the entity. Please check OBSERVE MEDICAL's Mean Deviation of 3.57, market risk adjusted performance of 0.3575, and Coefficient Of Variation of 1267.68 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
OBSERVE Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
OBSERVE |
Sharpe Ratio = 0.0318
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | OM5A | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.44 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average OBSERVE MEDICAL is performing at about 2% 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 OBSERVE MEDICAL by adding it to a well-diversified portfolio.
OBSERVE MEDICAL Valuation on May 5, 2023
It is possible to determine the worth of OBSERVE MEDICAL on a given historical date. On May 5, 2023 OBSERVE was worth 0.12 at the beginning of the trading date compared to the closed value of 0.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OBSERVE MEDICAL stock. Still, in general, we apply an absolute valuation method to find OBSERVE MEDICAL'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 OBSERVE MEDICAL where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OBSERVE MEDICAL's related companies.
| Open | High | Low | Close | Volume | |
| 0.11 | 0.11 | 0.11 | 0.11 | 1,000.00 | |
05/05/2023 | 0.12 | 0.12 | 0.12 | 0.12 | 1,000.00 |
| 0.11 | 0.11 | 0.11 | 0.11 | 1,000.00 |
| Backtest OBSERVE MEDICAL | | | OBSERVE MEDICAL History | | | OBSERVE MEDICAL Valuation | Previous | Next |
OBSERVE MEDICAL Trading Date Momentum on May 5, 2023
| On May 08 2023 OBSERVE MEDICAL ASA was traded for 0.11 at the closing time. The maximum traded price for the trading interval was 0.11 and the lowest daily price was 0.11 . The daily volume was recorded at 1000. The volume of trading on 8th of May 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 8.33% . The trading delta at closing time to the closing price today is 0.00% . |
OBSERVE MEDICAL ASA Fundamentals Correlations and Trends
By evaluating OBSERVE MEDICAL'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 OBSERVE MEDICAL's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OBSERVE financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OBSERVE MEDICAL Stock history
OBSERVE MEDICAL 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 OBSERVE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OBSERVE MEDICAL ASA 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 OBSERVE MEDICAL stock prices may prove useful in developing a viable investing in OBSERVE MEDICAL
Observe Medical ASA develops and markets medical technology products for patients, healthcare professionals, and hospitals in Europe and the United States. The company was founded in 2009 and is headquartered in Oslo, Norway. OBSERVE MEDICAL is traded on Frankfurt Stock Exchange in Germany.
OBSERVE MEDICAL Stock Technical Analysis
OBSERVE MEDICAL 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
OBSERVE MEDICAL Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
OBSERVE MEDICAL ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
OBSERVE MEDICAL December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how OBSERVE MEDICAL stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OBSERVE MEDICAL shares will generate the highest return on investment. By undertsting and applying OBSERVE MEDICAL stock market strength indicators, traders can identify OBSERVE MEDICAL ASA entry and exit signals to maximize returns
OBSERVE MEDICAL Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OBSERVE MEDICAL's price direction in advance. Along with the technical and fundamental analysis of OBSERVE Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OBSERVE 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 | 0.0711 | |||
| Jensen Alpha | 0.3475 | |||
| Total Risk Alpha | 0.1158 | |||
| Sortino Ratio | 0.0762 | |||
| Treynor Ratio | 0.3475 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for OBSERVE Stock analysis
When running OBSERVE MEDICAL's price analysis, check to measure OBSERVE MEDICAL'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 OBSERVE MEDICAL is operating at the current time. Most of OBSERVE MEDICAL's value examination focuses on studying past and present price action to predict the probability of OBSERVE MEDICAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OBSERVE MEDICAL's price. Additionally, you may evaluate how the addition of OBSERVE MEDICAL to your portfolios can decrease your overall portfolio volatility.
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |