Biohit Oyj (Finland) Price on June 22, 2023
| BIOBV Stock | EUR 2.01 0.03 1.52% |
If you're considering investing in Biohit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Biohit Oyj stands at 2.01, as last reported on the 7th of June, with the highest price reaching 2.06 and the lowest price hitting 1.97 during the day. We consider Biohit Oyj moderately volatile. Biohit Oyj B secures Sharpe Ratio (or Efficiency) of 0.073, which signifies that the company had a 0.073% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Biohit Oyj B, which you can use to evaluate the volatility of the firm. Please confirm Biohit Oyj's Risk Adjusted Performance of 0.0384, mean deviation of 0.8455, and Downside Deviation of 1.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0827%.
Biohit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Biohit |
Sharpe Ratio = 0.073
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Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Biohit Oyj is performing at about 5% 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 Biohit Oyj by adding it to a well-diversified portfolio.
Biohit Oyj Valuation on June 22, 2023
It is possible to determine the worth of Biohit Oyj on a given historical date. On June 22, 2023 Biohit was worth 1.81 at the beginning of the trading date compared to the closed value of 1.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Biohit Oyj stock. Still, in general, we apply an absolute valuation method to find Biohit Oyj'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 Biohit Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Biohit Oyj's related companies.
| Open | High | Low | Close | Volume | |
| 1.80 | 1.83 | 1.80 | 1.82 | 4,417 | |
06/22/2023 | 1.81 | 1.81 | 1.79 | 1.81 | 5,612 |
| 1.80 | 1.80 | 1.76 | 1.78 | 1,650 |
| Backtest Biohit Oyj | | | Biohit Oyj History | | | Biohit Oyj Valuation | Previous | Next |
Biohit Oyj Trading Date Momentum on June 22, 2023
| On June 26 2023 Biohit Oyj B was traded for 1.78 at the closing time. The highest price during the trading period was 1.80 and the lowest recorded bid was listed for 1.76 . The volume for the day was 1.6 K. This history from June 26, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.66% . The overall trading delta to the current price is 4.97% . |
Biohit Oyj B Fundamentals Correlations and Trends
By evaluating Biohit Oyj'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 Biohit Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Biohit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Biohit Oyj Stock history
Biohit Oyj 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 Biohit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Biohit Oyj B 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 Biohit Oyj stock prices may prove useful in developing a viable investing in Biohit Oyj
Biohit Oyj, a biotechnology company, produces diagnostic tests and analysis systems for use in research institutions and healthcare industries worldwide. The company was founded in 1988 and is headquartered in Helsinki, Finland. Biohit Oyj operates under Healthcare Services classification in Finland and is traded on Helsinki Exchange. It employs 49 people.
Biohit Oyj Stock Technical Analysis
Biohit Oyj 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
Biohit Oyj Period Price Range
Low | June 22, 2023
| High |
1.81 | 1.81 |
Biohit Oyj June 7, 2024 Market Strength
Market strength indicators help investors to evaluate how Biohit Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Biohit Oyj shares will generate the highest return on investment. By undertsting and applying Biohit Oyj stock market strength indicators, traders can identify Biohit Oyj B entry and exit signals to maximize returns
| Accumulation Distribution | 62.01 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 1.8 | |||
| Day Typical Price | 1.8 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.2 |
Biohit Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Biohit Oyj's price direction in advance. Along with the technical and fundamental analysis of Biohit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Biohit 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 | 0.0384 | |||
| Jensen Alpha | 0.0575 | |||
| Total Risk Alpha | 0.0048 | |||
| Sortino Ratio | 0.0215 | |||
| Treynor Ratio | (0.16) |
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When running Biohit Oyj's price analysis, check to measure Biohit Oyj'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 Biohit Oyj is operating at the current time. Most of Biohit Oyj's value examination focuses on studying past and present price action to predict the probability of Biohit Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biohit Oyj's price. Additionally, you may evaluate how the addition of Biohit Oyj to your portfolios can decrease your overall portfolio volatility.
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