Saniona AB is trading at 2.00 as of the 1st of January 2025, a 0.99% down since the beginning of the trading day. The stock's open price was 2.02. Saniona AB has hardly any chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. The performance scores are derived for the period starting the 12th of January 2023 and ending today, the 1st of January 2025. Click here to learn more.
Although Saniona AB's alpha and beta are two of the key measurements used to evaluate Saniona AB's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Saniona AB stock to make a market-neutral strategy. Peer analysis of Saniona AB could also be used in its relative valuation, which is a method of valuing Saniona AB by comparing valuation metrics with similar companies.