Cormedix Stock Price on December 27, 2024

CRMD Stock  USD 8.18  0.04  0.49%   
If you're considering investing in CorMedix Stock, it is important to understand the factors that can impact its price. As of today, the current price of CorMedix stands at 8.18, as last reported on the 5th of January, with the highest price reaching 8.38 and the lowest price hitting 8.09 during the day. CorMedix secures Sharpe Ratio (or Efficiency) of -0.0158, which signifies that the company had a -0.0158% return per unit of risk over the last 3 months. CorMedix exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CorMedix's insignificant Risk Adjusted Performance, mean deviation of 3.15, and Standard Deviation of 4.61 to double-check the risk estimate we provide.
  
CorMedix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0158

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Estimated Market Risk

 4.57
  actual daily
40
60% of assets are more volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average CorMedix 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 CorMedix by adding CorMedix to a well-diversified portfolio.

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CorMedix Valuation on December 27, 2024

It is possible to determine the worth of CorMedix on a given historical date. On December 27, 2024 CorMedix was worth 8.41 at the beginning of the trading date compared to the closed value of 8.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CorMedix stock. Still, in general, we apply an absolute valuation method to find CorMedix'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 CorMedix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CorMedix's related companies.
 Open High Low Close Volume
  8.28    8.51    8.23    8.50    408,311  
12/27/2024
  8.41    8.49    8.06    8.21    474,722  
  8.13    8.15    7.92    8.10    712,917  
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Open Value
8.41
8.21
Closing Value
22.12
Upside

CorMedix Trading Date Momentum on December 27, 2024

On December 30 2024 CorMedix was traded for  8.10  at the closing time. The top price for the day was 8.15  and the lowest listed price was  7.92 . The trading volume for the day was 712.9 K. The trading history from December 30, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.34% . The overall trading delta against the current closing price is 0.37% .

CorMedix Fundamentals Correlations and Trends

By evaluating CorMedix'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 CorMedix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CorMedix financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About CorMedix Stock history

CorMedix 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 CorMedix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CorMedix 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 CorMedix stock prices may prove useful in developing a viable investing in CorMedix
CorMedix Inc., a biopharmaceutical company, focuses on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases in the United States and internationally. CorMedix Inc. was incorporated in 2006 and is based in Berkeley Heights, New Jersey. Cormedix operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 29 people.

CorMedix Stock Technical Analysis

CorMedix 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.
A focus of CorMedix technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CorMedix trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

CorMedix Period Price Range

Low
January 5, 2025
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CorMedix 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.

CorMedix January 5, 2025 Market Strength

Market strength indicators help investors to evaluate how CorMedix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CorMedix shares will generate the highest return on investment. By undertsting and applying CorMedix stock market strength indicators, traders can identify CorMedix entry and exit signals to maximize returns

CorMedix Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for CorMedix's price direction in advance. Along with the technical and fundamental analysis of CorMedix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CorMedix 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.

Complementary Tools for CorMedix Stock analysis

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