Electromed Stock Price on July 31, 2023
| ELMD Stock | USD 30.69 0.59 1.96% |
If you're considering investing in Electromed Stock, it is important to understand the factors that can impact its price. As of today, the current price of Electromed stands at 30.69, as last reported on the 3rd of January, with the highest price reaching 30.89 and the lowest price hitting 29.71 during the day. Electromed appears to be very steady, given 3 months investment horizon. Electromed secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25% return per unit of risk over the last 3 months. By reviewing Electromed's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Electromed's Mean Deviation of 1.99, downside deviation of 2.33, and Coefficient Of Variation of 407.94 to check if our risk estimates are consistent with your expectations.
Electromed Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Electromed |
Sharpe Ratio = 0.2451
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ELMD | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.53 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Electromed is performing at about 19% of its full potential. 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 Electromed by adding it to a well-diversified portfolio.
Electromed Valuation on July 31, 2023
It is possible to determine the worth of Electromed on a given historical date. On July 31, 2023 Electromed was worth 10.55 at the beginning of the trading date compared to the closed value of 10.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Electromed stock. Still, in general, we apply an absolute valuation method to find Electromed'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 Electromed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Electromed's related companies.
| Open | High | Low | Close | Volume | |
| 10.58 | 10.59 | 10.25 | 10.57 | 6,418 | |
07/31/2023 | 10.55 | 10.58 | 10.10 | 10.20 | 34,705 |
| 10.47 | 10.58 | 10.10 | 10.15 | 11,387 |
| Backtest Electromed | | | Electromed History | | | Electromed Valuation | Previous | Next |
Electromed Trading Date Momentum on July 31, 2023
| On August 01 2023 Electromed was traded for 10.15 at the closing time. The top price for the day was 10.58 and the lowest listed price was 10.10 . The trading volume for the day was 11.4 K. The trading history from August 1, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.49% . The overall trading delta against the current closing price is 2.94% . |
Electromed Fundamentals Correlations and Trends
By evaluating Electromed'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 Electromed's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Electromed financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Electromed Stock history
Electromed 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 Electromed is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Electromed 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 Electromed stock prices may prove useful in developing a viable investing in Electromed
Electromed, Inc. develops, manufactures, markets, and sells airway clearance therapy and related products that apply high frequency chest wall oscillation therapy in pulmonary care for patients of various ages in the United States and internationally. The company was incorporated in 1992 and is headquartered in New Prague, Minnesota. Electromed operates under Medical Devices classification in the United States and is traded on AMEX Exchange. It employs 156 people.
Electromed Stock Technical Analysis
Electromed 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
Electromed Period Price Range
Low | January 3, 2025
| High |
0.00 | 0.00 |
Electromed cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT 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.
Electromed January 3, 2025 Market Strength
Market strength indicators help investors to evaluate how Electromed stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Electromed shares will generate the highest return on investment. By undertsting and applying Electromed stock market strength indicators, traders can identify Electromed entry and exit signals to maximize returns
Electromed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Electromed's price direction in advance. Along with the technical and fundamental analysis of Electromed Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Electromed 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 | 0.2057 | |||
| Jensen Alpha | 0.6053 | |||
| Total Risk Alpha | 0.5728 | |||
| Sortino Ratio | 0.2571 | |||
| Treynor Ratio | 1.25 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Electromed Stock analysis
When running Electromed's price analysis, check to measure Electromed'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 Electromed is operating at the current time. Most of Electromed's value examination focuses on studying past and present price action to predict the probability of Electromed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electromed's price. Additionally, you may evaluate how the addition of Electromed to your portfolios can decrease your overall portfolio volatility.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |