Edesa Biotech Stock Price on December 31, 2024
EDSA Stock | USD 1.70 0.01 0.59% |
If you're considering investing in Edesa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Edesa Biotech stands at 1.70, as last reported on the 20th of January, with the highest price reaching 1.81 and the lowest price hitting 1.69 during the day. Edesa Biotech secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the company had a -0.2 % return per unit of risk over the last 3 months. Edesa Biotech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edesa Biotech's Variance of 30.63, standard deviation of 5.53, and Mean Deviation of 3.93 to check the risk estimate we provide.
Edesa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Edesa |
Sharpe Ratio = -0.2015
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Estimated Market Risk
5.53 actual daily | 49 51% of assets are more volatile |
Expected Return
-1.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Edesa Biotech 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 Edesa Biotech by adding Edesa Biotech to a well-diversified portfolio.
Edesa Biotech Valuation on December 31, 2024
It is possible to determine the worth of Edesa Biotech on a given historical date. On December 31, 2024 Edesa was worth 1.79 at the beginning of the trading date compared to the closed value of 1.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Edesa Biotech stock. Still, in general, we apply an absolute valuation method to find Edesa Biotech'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 Edesa Biotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Edesa Biotech's related companies.
Open | High | Low | Close | Volume | |
1.85 | 1.88 | 1.68 | 1.80 | 27,141 | |
12/31/2024 | 1.79 | 1.93 | 1.65 | 1.68 | 54,042 |
1.83 | 2.00 | 1.69 | 1.91 | 32,868 |
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Edesa Biotech Trading Date Momentum on December 31, 2024
On January 02 2025 Edesa Biotech was traded for 1.91 at the closing time. The top price for the day was 2.00 and the lowest listed price was 1.69 . The trading volume for the day was 32.9 K. The trading history from January 2, 2025 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 13.69% . The overall trading delta against the current closing price is 10.71% . |
Edesa Biotech Fundamentals Correlations and Trends
By evaluating Edesa Biotech'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 Edesa Biotech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Edesa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Edesa Biotech Stock history
Edesa Biotech 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 Edesa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Edesa Biotech 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 Edesa Biotech stock prices may prove useful in developing a viable investing in Edesa Biotech
Edesa Biotech, Inc., a biopharmaceutical company, engages in acquiring, developing, and commercializing clinical-stage drugs for inflammatory and immune-related diseases with clear unmet medical needs. Edesa Biotech, Inc. was founded in 2015 and is headquartered in Markham, Canada. Edesa Biotech operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 16 people.
Edesa Biotech Stock Technical Analysis
Edesa Biotech 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
Edesa Biotech Period Price Range
Low | January 20, 2025
| High |
0.00 | 0.00 |
Edesa Biotech 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.
Edesa Biotech January 20, 2025 Market Strength
Market strength indicators help investors to evaluate how Edesa Biotech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Edesa Biotech shares will generate the highest return on investment. By undertsting and applying Edesa Biotech stock market strength indicators, traders can identify Edesa Biotech entry and exit signals to maximize returns
Edesa Biotech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Edesa Biotech's price direction in advance. Along with the technical and fundamental analysis of Edesa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Edesa 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 | (0.16) | |||
Jensen Alpha | (1.13) | |||
Total Risk Alpha | (1.26) | |||
Treynor Ratio | (9.11) |
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Complementary Tools for Edesa Stock analysis
When running Edesa Biotech's price analysis, check to measure Edesa Biotech'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 Edesa Biotech is operating at the current time. Most of Edesa Biotech's value examination focuses on studying past and present price action to predict the probability of Edesa Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edesa Biotech's price. Additionally, you may evaluate how the addition of Edesa Biotech to your portfolios can decrease your overall portfolio volatility.
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