Sanuwave Health Stock Price on July 9, 2024
If you're considering investing in SANUWAVE OTC Stock, it is important to understand the factors that can impact its price. SANUWAVE Health is slightly risky given 3 months investment horizon. SANUWAVE Health owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the company had a 0.24% return per unit of standard deviation over the last 3 months. We are able to interpolate and break down twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.95% are justified by taking the suggested risk. Use SANUWAVE Health Market Risk Adjusted Performance of 1.14, downside deviation of 6.89, and Risk Adjusted Performance of 0.183 to evaluate company specific risk that cannot be diversified away.
SANUWAVE OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SANUWAVE |
Sharpe Ratio = 0.2408
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Estimated Market Risk
| 8.11 actual daily | 72 72% of assets are less volatile |
Expected Return
| 1.95 actual daily | 38 62% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average SANUWAVE Health is performing at about 18% 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 SANUWAVE Health 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.
About SANUWAVE Health OTC Stock history
SANUWAVE Health 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 SANUWAVE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SANUWAVE Health 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 SANUWAVE Health stock prices may prove useful in developing a viable investing in SANUWAVE Health
SANUWAVE Health, Inc., a shock wave technology company, researches, develops, and commercializes noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications in the United States and internationally. The company was founded in 2005 and is headquartered in Suwanee, Georgia. Sanuwave Health operates under Medical Devices classification in the United States and is traded on OTC Exchange. It employs 40 people.
SANUWAVE Health OTC Stock Technical Analysis
SANUWAVE Health technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
SANUWAVE Health Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
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SANUWAVE Health December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how SANUWAVE Health otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SANUWAVE Health shares will generate the highest return on investment. By undertsting and applying SANUWAVE Health otc stock market strength indicators, traders can identify SANUWAVE Health entry and exit signals to maximize returns
SANUWAVE Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SANUWAVE Health's price direction in advance. Along with the technical and fundamental analysis of SANUWAVE OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SANUWAVE 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 | 0.183 | |||
| Jensen Alpha | 1.81 | |||
| Total Risk Alpha | 1.1 | |||
| Sortino Ratio | 0.271 | |||
| Treynor Ratio | 1.13 |
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Additional Tools for SANUWAVE OTC Stock Analysis
When running SANUWAVE Health's price analysis, check to measure SANUWAVE Health'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 SANUWAVE Health is operating at the current time. Most of SANUWAVE Health's value examination focuses on studying past and present price action to predict the probability of SANUWAVE Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SANUWAVE Health's price. Additionally, you may evaluate how the addition of SANUWAVE Health to your portfolios can decrease your overall portfolio volatility.