Redsense Medical (Sweden) Today
| REDS Stock | SEK 7.92 0.18 2.22% |
Performance11 of 100
| Odds Of DistressLess than 20
|
Redsense Medical is selling for under 7.92 as of the 6th of May 2024; that is -2.22% down since the beginning of the trading day. The stock's last reported lowest price was 7.92. Redsense Medical has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Redsense Medical AB are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of April 2024 and ending today, the 6th of May 2024. Click here to learn more.
Redsense Medical AB provides blood loss detection devices primarily in Europe and the United States. Redsense Medical AB was founded in 2000 and is headquartered in Halmstad, Sweden. Redsense Medical is traded on Stockholm Stock Exchange in Sweden. The company has 0 outstanding shares. More on Redsense Medical AB
Moving together with Redsense Stock
| 0.67 | GETI-B | Getinge AB ser | PairCorr |
Moving against Redsense Stock
| 0.41 | BEO-SDB | Beowulf Mining PLC | PairCorr |
Follow Valuation Odds of Bankruptcy
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Redsense Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Redsense Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Redsense Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Drugs (View all Themes) |
| Business Concentration | Drugs, Medical Instruments & Supplies, Healthcare (View all Sectors) |
Redsense Medical AB (REDS) is traded on Stockholm Exchange in Sweden and employs 5 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 123.97 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Redsense Medical's market, we take the total number of its shares issued and multiply it by Redsense Medical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Redsense Medical operates under Healthcare sector and is part of Medical Instruments & Supplies industry. The entity has 0 outstanding shares.
Redsense Medical AB has accumulated about 3.12 M in cash with (7.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28.
Check Redsense Medical Probability Of Bankruptcy
Redsense Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Redsense Medical jumping above the current price in 90 days from now is about 1.01%. The Redsense Medical AB probability density function shows the probability of Redsense Medical stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Redsense Medical has a beta of 0.9507 indicating Redsense Medical AB market returns are related to returns on the market. As the market goes up or down, Redsense Medical is expected to follow. Additionally, redsense Medical AB has an alpha of 0.4535, implying that it can generate a 0.45 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Redsense Medical to move above the current price in 90 days from now is about 1.01 (This Redsense Medical AB probability density function shows the probability of Redsense Stock to fall within a particular range of prices over 90 days) .
Redsense Medical Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Redsense Medical market risk premium is the additional return an investor will receive from holding Redsense Medical long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Redsense Medical. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Redsense Medical's alpha and beta are two of the key measurements used to evaluate Redsense Medical's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.61 | |||
| Semi Deviation | 4.09 | |||
| Standard Deviation | 5.35 | |||
| Variance | 28.67 |
Redsense Stock Against Markets
Picking the right benchmark for Redsense Medical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Redsense Medical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Redsense Medical is critical whether you are bullish or bearish towards Redsense Medical AB at a given time. Please also check how Redsense Medical's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Redsense Medical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Redsense Stock?
Before investing in Redsense Medical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Redsense Medical. To buy Redsense Medical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Redsense Medical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Redsense Medical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Redsense Medical AB stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Redsense Medical AB stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Redsense Medical AB, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Redsense Medical AB?
The danger of trading Redsense Medical AB is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Redsense Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Redsense Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Redsense Medical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redsense Medical AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Redsense Stock analysis
When running Redsense Medical's price analysis, check to measure Redsense 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 Redsense Medical is operating at the current time. Most of Redsense Medical's value examination focuses on studying past and present price action to predict the probability of Redsense Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redsense Medical's price. Additionally, you may evaluate how the addition of Redsense Medical to your portfolios can decrease your overall portfolio volatility.
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