OBSERVE MEDICAL (Norway) Performance

The firm holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. Let's try to break down what OBSERVE's beta means in this case. the returns on MARKET and OBSERVE MEDICAL are completely uncorrelated. Although it is important to respect OBSERVE MEDICAL current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The approach into forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting OBSERVE MEDICAL technical indicators, you can now evaluate if the expected return of 0.0% will be sustainable into the future. OBSERVE MEDICAL currently holds a risk of 0.0%. Please check OBSERVE MEDICAL information ratio and downside variance to decide if OBSERVE MEDICAL will be following its historical price patterns.
OBSERVE Performance
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Over the last 90 days OBSERVE MEDICAL has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent basic indicators, OBSERVE MEDICAL is not utilizing all of its potentials. The new stock price mess, may contribute to short-term losses for the institutional investors. ...more
Quick Ratio0.90
Fifty Two Week Low10.60
Fifty Two Week High35.60

OBSERVE MEDICAL Relative Risk vs. Return Landscape

If you would invest (100.00)  in OBSERVE MEDICAL on July 1, 2022 and sell it today you would earn a total of  100.00  from holding OBSERVE MEDICAL or generate -100.0% return on investment over 90 days. OBSERVE MEDICAL is generating negative expected returns and assumes 0.0% volatility on return distribution over the 90 days horizon. Simply put, 0% of stocks are less volatile than OBSERVE, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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OBSERVE MEDICAL Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for OBSERVE MEDICAL's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as OBSERVE MEDICAL, and traders can use it to determine the average amount a OBSERVE MEDICAL's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0

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Based on monthly moving average OBSERVE MEDICAL is performing at about 0% 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 OBSERVE MEDICAL by adding it to a well-diversified portfolio.

Things to note about OBSERVE MEDICAL

Checking the ongoing alerts about OBSERVE MEDICAL for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for OBSERVE MEDICAL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.


Equity Alerts and Improvement Suggestions

OBSERVE MEDICAL is not yet fully synchronised with the market data
OBSERVE MEDICAL has some characteristics of a very speculative penny stock
The company reported the revenue of 15.77 M. Net Loss for the year was (29.78 M) with profit before overhead, payroll, taxes, and interest of 986 K.
OBSERVE MEDICAL has accumulated about 14.03 M in cash with (24.91 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.72.
Roughly 78.0% of the company outstanding shares are owned by corporate insiders
Check out Your Equity Center. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Other Tools for OBSERVE Stock

When running OBSERVE MEDICAL price analysis, check to measure OBSERVE MEDICAL'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 OBSERVE MEDICAL is operating at the current time. Most of OBSERVE MEDICAL's value examination focuses on studying past and present price action to predict the probability of OBSERVE MEDICAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OBSERVE MEDICAL's price. Additionally, you may evaluate how the addition of OBSERVE MEDICAL to your portfolios can decrease your overall portfolio volatility.
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