Scibase AB (Sweden) Price on June 17, 2024
If you're considering investing in Scibase Stock, it is important to understand the factors that can impact its price. 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-one technical indicators for Scibase AB, which you can use to evaluate the volatility of the company. Please validate Scibase AB's Semi Deviation of 4.38, risk adjusted performance of 0.0355, and Coefficient Of Variation of 2950.41 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 | 0.0355 | |||
| Jensen Alpha | 0.191 | |||
| Total Risk Alpha | 0.0234 | |||
| Sortino Ratio | 0.0283 | |||
| Treynor Ratio | (0.45) |
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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.