Anika Therapeutics Stock Price on June 8, 2023
| ANIK Stock | USD 16.46 0.21 1.29% |
If you're considering investing in Anika Stock, it is important to understand the factors that can impact its price. As of today, the current price of Anika Therapeutics stands at 16.46, as last reported on the 1st of January, with the highest price reaching 16.54 and the lowest price hitting 16.10 during the day. Anika Therapeutics secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Anika Therapeutics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anika Therapeutics' Risk Adjusted Performance of (0.10), mean deviation of 1.85, and Standard Deviation of 4.29 to double-check the risk estimate we provide.
Anika Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Anika |
Sharpe Ratio = -0.1352
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Estimated Market Risk
| 4.29 actual daily | 38 62% of assets are more volatile |
Expected Return
| -0.58 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Anika Therapeutics is not performing at its full potential. However, 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 Anika Therapeutics by adding Anika Therapeutics to a well-diversified portfolio.
Anika Therapeutics Valuation on June 8, 2023
It is possible to determine the worth of Anika Therapeutics on a given historical date. On June 8, 2023 Anika was worth 26.79 at the beginning of the trading date compared to the closed value of 26.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Anika Therapeutics stock. Still, in general, we apply an absolute valuation method to find Anika Therapeutics' 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 Anika Therapeutics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Anika Therapeutics' related companies.
| Open | High | Low | Close | Volume | |
| 26.95 | 27.10 | 26.60 | 26.79 | 78,702 | |
06/08/2023 | 26.79 | 27.01 | 26.46 | 26.81 | 80,419 |
| 26.82 | 27.74 | 26.78 | 27.60 | 39,988 |
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Anika Therapeutics Trading Date Momentum on June 8, 2023
| On June 09 2023 Anika Therapeutics was traded for 27.60 at the closing time. The top price for the day was 27.74 and the lowest listed price was 26.78 . The trading volume for the day was 40 K. The trading history from June 9, 2023 was a factor to the next trading day price upswing. The overall trading delta against the next closing price was 2.95% . The overall trading delta against the current closing price is 0.90% . |
Anika Therapeutics Fundamentals Correlations and Trends
By evaluating Anika Therapeutics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Anika Therapeutics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Anika financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Anika Therapeutics Stock history
Anika Therapeutics 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 Anika is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Anika Therapeutics 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 Anika Therapeutics stock prices may prove useful in developing a viable investing in Anika Therapeutics
Anika Therapeutics, Inc., a joint preservation company, creates and delivers advancements in early intervention orthopedic care in the areas of osteoarthritis pain management, regenerative solutions, soft tissue repair, and bone preserving joint technologies in the United States, Europe, and internationally. Anika Therapeutics, Inc. was founded in 1983 and is headquartered in Bedford, Massachusetts. Anika Therapeutics operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 297 people.
Anika Therapeutics Stock Technical Analysis
Anika Therapeutics 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
Anika Therapeutics Period Price Range
Low | January 1, 2025
| High |
0.00 | 0.00 |
Anika Therapeutics cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Anika Therapeutics January 1, 2025 Market Strength
Market strength indicators help investors to evaluate how Anika Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Anika Therapeutics shares will generate the highest return on investment. By undertsting and applying Anika Therapeutics stock market strength indicators, traders can identify Anika Therapeutics entry and exit signals to maximize returns
Anika Therapeutics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Anika Therapeutics' price direction in advance. Along with the technical and fundamental analysis of Anika Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Anika 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 | (0.10) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.9448 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anika Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Anika Stock please use our How to buy in Anika Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Anika Therapeutics. If investors know Anika will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Anika Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Anika Therapeutics is measured differently than its book value, which is the value of Anika that is recorded on the company's balance sheet. Investors also form their own opinion of Anika Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Anika Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Anika Therapeutics' market value can be influenced by many factors that don't directly affect Anika Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Anika Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Anika Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anika Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.