Chitogenx Stock Price on December 12, 2024
CHNXF Stock | USD 0.01 0.00 0.00% |
If you're considering investing in ChitogenX OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of ChitogenX stands at 0.01, as last reported on the 13th of December 2024, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. ChitogenX secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. ChitogenX exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ChitogenX's Standard Deviation of 7.59, mean deviation of 2.71, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide.
ChitogenX OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ChitogenX |
Sharpe Ratio = -0.1917
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Estimated Market Risk
7.71 actual daily | 68 68% of assets are less volatile |
Expected Return
-1.48 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ChitogenX 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 ChitogenX by adding ChitogenX to a well-diversified portfolio.
ChitogenX Valuation on December 12, 2024
It is possible to determine the worth of ChitogenX on a given historical date. On December 12, 2024 ChitogenX was worth 0.0051 at the beginning of the trading date compared to the closed value of 0.0051. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ChitogenX otc stock. Still, in general, we apply an absolute valuation method to find ChitogenX'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 ChitogenX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ChitogenX's related companies.
Open | High | Low | Close | Volume | |
0.01 | 0.01 | 0.01 | 0.01 | 1.00 | |
12/12/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 1.00 |
Backtest ChitogenX | | | ChitogenX History | | | ChitogenX Valuation | Previous |
ChitogenX Trading Date Momentum on December 12, 2024
On December 12 2024 ChitogenX was traded for 0.01 at the closing time. The highest daily price throughout the period was 0.01 and the lowest price was 0.01 . There was no trading activity during the period 1.0. Lack of trading volume on 12/12/2024 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
ChitogenX Fundamentals Correlations and Trends
By evaluating ChitogenX'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 ChitogenX's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ChitogenX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ChitogenX OTC Stock history
ChitogenX 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 ChitogenX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ChitogenX 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 ChitogenX stock prices may prove useful in developing a viable investing in ChitogenX
ChitogenX Inc., an orthopaedic and sports medicine biologics company, engages in the research and development of novel therapeutic soft tissue repair technologies to enhance the success rate of sports medicine surgeries in Canada. ChitogenX Inc. was incorporated in 2015 and is headquartered in Kirkland, Canada. Chitogenx is traded on OTC Exchange in the United States.
ChitogenX OTC Stock Technical Analysis
ChitogenX technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
ChitogenX Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
ChitogenX cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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.
ChitogenX December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how ChitogenX otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ChitogenX shares will generate the highest return on investment. By undertsting and applying ChitogenX otc stock market strength indicators, traders can identify ChitogenX entry and exit signals to maximize returns
ChitogenX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ChitogenX's price direction in advance. Along with the technical and fundamental analysis of ChitogenX OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ChitogenX 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 | (0.13) | |||
Jensen Alpha | (1.40) | |||
Total Risk Alpha | (2.51) | |||
Treynor Ratio | 3.46 |
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Volume Indicators |
Complementary Tools for ChitogenX OTC Stock analysis
When running ChitogenX's price analysis, check to measure ChitogenX'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 ChitogenX is operating at the current time. Most of ChitogenX's value examination focuses on studying past and present price action to predict the probability of ChitogenX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChitogenX's price. Additionally, you may evaluate how the addition of ChitogenX to your portfolios can decrease your overall portfolio volatility.
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