LumiraDx Price on December 20, 2024
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 20th 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), mean deviation of 4.74, and Standard Deviation of 6.57 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.
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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 December 20, 2024
It is possible to determine the worth of LumiraDx on a given historical date. On December 20, 2024 LumiraDx was worth 0.44 at the beginning of the trading date compared to the closed value of 0.42. 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 | |
12/20/2024 | 0.44 | 0.46 | 0.41 | 0.42 | 0.00 |
Backtest LumiraDx | | | LumiraDx History | | | LumiraDx Valuation |
LumiraDx Trading Date Momentum on December 20, 2024
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.
Price Boundaries
LumiraDx Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
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 20, 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.
Risk Adjusted Performance | (0.09) | |||
Jensen Alpha | (0.81) | |||
Total Risk Alpha | (1.01) | |||
Treynor Ratio | 3.96 |
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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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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