LumiraDx Price on March 24, 2023

LMDXDelisted Stock  USD 0.42  0.02  4.55%   
If you're considering investing in LumiraDx Stock, it is important to understand the factors that can impact its price. As of today, the current price of LumiraDx stands at 0.42, as last reported on the 25th of December, with the highest price reaching 0.46 and the lowest price hitting 0.41 during the day. We have found twenty-three technical indicators for LumiraDx, which you can use to evaluate the volatility of the firm. Please verify LumiraDx's Risk Adjusted Performance of (0.09), standard deviation of 6.57, and Mean Deviation of 4.74 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
  
LumiraDx Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average LumiraDx 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 LumiraDx by adding LumiraDx to a well-diversified portfolio.

LumiraDx Valuation on March 24, 2023

It is possible to determine the worth of LumiraDx on a given historical date. On March 24, 2023 LumiraDx was worth 0.72 at the beginning of the trading date compared to the closed value of 0.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of LumiraDx stock. Still, in general, we apply an absolute valuation method to find LumiraDx'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 LumiraDx where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against LumiraDx's related companies.
 Open High Low Close Volume
  0.79    0.85    0.72    0.74    170,863  
03/24/2023
  0.72    0.76    0.59    0.61    512,202  
  0.65    0.70    0.56    0.60    265,237  
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Open Value
0.72
0.61
Closing Value
0.72
Upside

LumiraDx Trading Date Momentum on March 24, 2023

On March 27 2023 LumiraDx was traded for  0.60  at the closing time. The top price for the day was 0.70  and the lowest listed price was  0.56 . The trading volume for the day was 265.2 K. The trading history from March 27, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.64% . The trading delta at closing time against the current closing price is 19.67% .

LumiraDx Fundamentals Correlations and Trends

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

About LumiraDx Stock history

LumiraDx 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 LumiraDx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in LumiraDx 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 LumiraDx stock prices may prove useful in developing a viable investing in LumiraDx
LumiraDx Limited operates as a point of care diagnostics company. The company was founded in 2014 and is headquartered in London, the United Kingdom. Lumiradx is traded on NASDAQ Exchange in the United States.

LumiraDx Stock Technical Analysis

LumiraDx 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, delisted stock market cycles, or different charting patterns.
A focus of LumiraDx technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of LumiraDx 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

LumiraDx Period Price Range

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LumiraDx 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.

LumiraDx December 25, 2024 Market Strength

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

LumiraDx Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for LumiraDx's price direction in advance. Along with the technical and fundamental analysis of LumiraDx Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of LumiraDx 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.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Other Consideration for investing in LumiraDx Stock

If you are still planning to invest in LumiraDx check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the LumiraDx's history and understand the potential risks before investing.
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