Scibase AB (Sweden) Price on February 19, 2024
| SCIB Stock | SEK 0.42 0.03 7.69% |
If you're considering investing in Scibase Stock, it is important to understand the factors that can impact its price. As of today, the current price of Scibase AB stands at 0.42, as last reported on the 23rd of December, with the highest price reaching 0.42 and the lowest price hitting 0.39 during the day. Currently, Scibase AB is out of control. Scibase AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0339, which indicates the firm had a 0.0339% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Scibase AB, which you can use to evaluate the volatility of the company. Please validate Scibase AB's Risk Adjusted Performance of 0.046, coefficient of variation of 2119.9, and Semi Deviation of 4.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
Scibase Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Scibase |
Sharpe Ratio = 0.0339
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Estimated Market Risk
| 5.66 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Scibase AB 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 Scibase AB by adding it to a well-diversified portfolio.
Scibase AB Valuation on February 19, 2024
It is possible to determine the worth of Scibase AB on a given historical date. On February 19, 2024 Scibase was worth 0.54 at the beginning of the trading date compared to the closed value of 0.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Scibase AB stock. Still, in general, we apply an absolute valuation method to find Scibase 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 Scibase AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Scibase AB's related companies.
| Open | High | Low | Close | Volume | |
| 0.60 | 0.61 | 0.52 | 0.54 | 291,321 | |
02/19/2024 | 0.54 | 0.54 | 0.48 | 0.50 | 320,486 |
| 0.50 | 0.50 | 0.48 | 0.50 | 69,867 |
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Scibase AB Trading Date Momentum on February 19, 2024
| On February 20 2024 Scibase AB was traded for 0.50 at the closing time. The highest price during the trading period was 0.50 and the lowest recorded bid was listed for 0.48 . The volume for the day was 69.9 K. This history from February 20, 2024 did not result in any price rise and fall. The trading price change to the current price is 28.00% . |
Scibase AB Fundamentals Correlations and Trends
By evaluating Scibase 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 Scibase AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Scibase financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Scibase AB Stock history
Scibase 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 Scibase is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Scibase 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 Scibase AB stock prices may prove useful in developing a viable investing in Scibase AB
SciBase Holding AB , a medical technology company, develops and sells skin cancer diagnostic instruments in Europe and internationally. The company was founded in 1998 and is headquartered in Stockholm, Sweden. Scibase Holding operates under Diagnostics Research classification in Sweden and is traded on Stockholm Stock Exchange. It employs 19 people.
Scibase AB Stock Technical Analysis
Scibase 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
Scibase AB Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Scibase 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.
Scibase AB December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Scibase 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 Scibase AB shares will generate the highest return on investment. By undertsting and applying Scibase AB stock market strength indicators, traders can identify Scibase AB entry and exit signals to maximize returns
Scibase AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Scibase AB's price direction in advance. Along with the technical and fundamental analysis of Scibase Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Scibase 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 | 0.046 | |||
| Jensen Alpha | 0.2567 | |||
| Total Risk Alpha | 0.098 | |||
| Sortino Ratio | 0.0414 | |||
| Treynor Ratio | (5.99) |
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Additional Tools for Scibase Stock Analysis
When running Scibase AB's price analysis, check to measure Scibase 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 Scibase AB is operating at the current time. Most of Scibase AB's value examination focuses on studying past and present price action to predict the probability of Scibase 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 Scibase AB's price. Additionally, you may evaluate how the addition of Scibase AB to your portfolios can decrease your overall portfolio volatility.