Promimic (Sweden) Market Outlook
| PRO Stock | 9.54 0.51 5.07% |
Slightly above 62% of Promimic's investor base is looking to short. The analysis of current outlook of investing in Promimic AB suggests that many traders are alarmed regarding Promimic's prospects. Promimic's investing sentiment can be driven by a variety of factors including economic data, Promimic's earnings reports, geopolitical events, and overall market trends.
Comfort Level 38
Alarmed
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Promimic's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Promimic AB.
News SentimentNeutral | Hype SentimentBearish | Insider SentimentWaiting |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Promimic AB is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Promimic AB given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Promimic AB, the advice is generated through an automated system that utilizes algorithms and statistical models.
Execute Promimic Advice
The Promimic recommendation should be used to complement the investment advice compiled from the current analysts' consensus on Promimic AB. Macroaxis does not own or have any residual interests in Promimic AB or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Promimic's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weakest | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
For the selected time horizon Promimic AB has a Mean Deviation of 4.29, Standard Deviation of 6.61 and Variance of 43.71We provide trade recommendations to complement the recent expert consensus on Promimic AB. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time. Please employ Promimic shares outstanding and price to sales to make buy, hold, or sell decision on Promimic AB.
Promimic Trading Alerts and Improvement Suggestions
| Promimic AB generated a negative expected return over the last 90 days | |
| Promimic AB has high historical volatility and very poor performance | |
| About 88.0% of the company outstanding shares are owned by corporate insiders |
Promimic Returns Distribution Density
The distribution of Promimic's historical returns is an attempt to chart the uncertainty of Promimic's future price movements. The chart of the probability distribution of Promimic daily returns describes the distribution of returns around its average expected value. We use Promimic AB price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Promimic returns is essential to provide solid investment analysis for Promimic.
| Mean Return | -0.15 | Value At Risk | -8.85 | Potential Upside | 8.65 | Standard Deviation | 6.61 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Promimic historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Promimic Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Promimic or Medical Devices sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Promimic's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Promimic stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | -0.39 | |
σ | Overall volatility | 4.78 | |
Ir | Information ratio | -0.03 |
Promimic Volatility Alert
Promimic AB is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Promimic's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Promimic's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Promimic Fundamentals Vs Peers
Comparing Promimic's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Promimic's direct or indirect competition across all of the common fundamentals between Promimic and the related equities. This way, we can detect undervalued stocks with similar characteristics as Promimic or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Promimic's fundamental indicators could also be used in its relative valuation, which is a method of valuing Promimic by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Promimic to competition |
| Fundamentals | Promimic | Peer Average |
| Current Valuation | 194.87 M | 16.62 B |
| Shares Outstanding | 17.39 M | 571.82 M |
| Shares Owned By Insiders | 88.46 % | 10.09 % |
| Shares Owned By Institutions | 3.07 % | 39.21 % |
| Price To Book | 2.40 X | 9.51 X |
| Price To Sales | 14.61 X | 11.42 X |
| Book Value Per Share | 4.61 X | 1.93 K |
| Number Of Employees | 15 | 18.84 K |
| Market Capitalization | 299.81 M | 19.03 B |
Promimic Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Promimic . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Promimic Buy or Sell Advice
When is the right time to buy or sell Promimic AB? Buying financial instruments such as Promimic Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Promimic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.
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Additional Tools for Promimic Stock Analysis
When running Promimic's price analysis, check to measure Promimic'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 Promimic is operating at the current time. Most of Promimic's value examination focuses on studying past and present price action to predict the probability of Promimic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Promimic's price. Additionally, you may evaluate how the addition of Promimic to your portfolios can decrease your overall portfolio volatility.