Lexaria Bioscience Corp Stock Price on December 16, 2024

LEXX Stock  USD 2.08  0.08  3.70%   
If you're considering investing in Lexaria Stock, it is important to understand the factors that can impact its price. As of today, the current price of Lexaria Bioscience stands at 2.08, as last reported on the 17th of December 2024, with the highest price reaching 2.28 and the lowest price hitting 2.00 during the day. Lexaria Bioscience Corp has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Lexaria Bioscience exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lexaria Bioscience's Standard Deviation of 4.35, mean deviation of 3.03, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide.
  
Lexaria Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1358

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Estimated Market Risk

 4.35
  actual daily
38
62% of assets are more volatile

Expected Return

 -0.59
  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 Lexaria Bioscience 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 Lexaria Bioscience by adding Lexaria Bioscience to a well-diversified portfolio.

Related Headline

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Chimeric antigen receptor T-cell cell therapy NXC-201 is a novel approach to treat relapsedrefractory AL Amyloidosis NXC-201 demonstrated compelling

Lexaria Bioscience Valuation on December 16, 2024

It is possible to determine the worth of Lexaria Bioscience on a given historical date. On December 16, 2024 Lexaria was worth 2.23 at the beginning of the trading date compared to the closed value of 2.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Lexaria Bioscience stock. Still, in general, we apply an absolute valuation method to find Lexaria Bioscience'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 Lexaria Bioscience where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Lexaria Bioscience's related companies.
 Open High Low Close Volume
  2.35    2.39    2.17    2.24    238,037  
12/16/2024
  2.23    2.31    2.08    2.16    177,278  
  2.20    2.28    2.00    2.08    354,284  
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Open Value
2.23
2.16
Closing Value
15.29
Upside

Lexaria Bioscience Trading Date Momentum on December 16, 2024

On December 17 2024 Lexaria Bioscience Corp was traded for  2.08  at the closing time. The top price for the day was 2.28  and the lowest listed price was  2.00 . The trading volume for the day was 354.3 K. The trading history from December 17, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.70% . The trading delta at closing time against the current closing price is 1.85% .

Lexaria Bioscience Corp Fundamentals Correlations and Trends

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

About Lexaria Bioscience Stock history

Lexaria Bioscience 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 Lexaria is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Lexaria Bioscience Corp 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 Lexaria Bioscience stock prices may prove useful in developing a viable investing in Lexaria Bioscience
Lexaria Bioscience Corp. operates as a biotechnology company. Lexaria Bioscience Corp. was incorporated in 2004 and is headquartered in Kelowna, Canada. Lexaria Bioscience is traded on NASDAQ Exchange in the United States.

Lexaria Bioscience Stock Technical Analysis

Lexaria Bioscience 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 Lexaria Bioscience technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Lexaria Bioscience 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

Lexaria Bioscience Period Price Range

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Lexaria Bioscience Corp 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.

Lexaria Bioscience December 17, 2024 Market Strength

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

Lexaria Bioscience Technical and Predictive Indicators

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

Additional Tools for Lexaria Stock Analysis

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