Modular Medical Stock Price on October 4, 2023
MODD Stock | USD 1.30 0.01 0.78% |
If you're considering investing in Modular Stock, it is important to understand the factors that can impact its price. As of today, the current price of Modular Medical stands at 1.30, as last reported on the 24th of January, with the highest price reaching 1.35 and the lowest price hitting 1.29 during the day. Modular Medical has Sharpe Ratio of -0.25, which conveys that the firm had a -0.25 % return per unit of risk over the last 3 months. Modular Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Modular Medical's Standard Deviation of 3.4, mean deviation of 2.47, and Risk Adjusted Performance of (0.20) to check out the risk estimate we provide.
Modular Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Modular |
Sharpe Ratio = -0.2463
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Estimated Market Risk
3.4 actual daily | 30 70% of assets are more volatile |
Expected Return
-0.84 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.25 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Modular Medical 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 Modular Medical by adding Modular Medical to a well-diversified portfolio.
Related Headline
Neuropace Headline on 4th of October 2023
Sale by Orbimed Advisors Llc of 7614 shares of Neuropace by Orbimed Advisors Llc
Filed transaction by Neuropace Inc executive. General open market or private sale of non-derivative or derivative security
Modular Medical Valuation on October 4, 2023
It is possible to determine the worth of Modular Medical on a given historical date. On October 4, 2023 Modular was worth 1.14 at the beginning of the trading date compared to the closed value of 1.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Modular Medical stock. Still, in general, we apply an absolute valuation method to find Modular Medical'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 Modular Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Modular Medical's related companies.
Open | High | Low | Close | Volume | |
1.09 | 1.14 | 1.07 | 1.09 | 9,747 | |
10/04/2023 | 1.14 | 1.14 | 1.05 | 1.06 | 15,760 |
1.08 | 1.13 | 1.08 | 1.08 | 40,842 |
Backtest Modular Medical | | | Modular Medical History | | | Modular Medical Valuation | Previous | Next |
Modular Medical Trading Date Momentum on October 4, 2023
On October 05 2023 Modular Medical was traded for 1.08 at the closing time. The top price for the day was 1.13 and the lowest listed price was 1.08 . The trading volume for the day was 40.8 K. The trading history from October 5, 2023 was a factor to the next trading day price growth. The trading delta at closing time against the next closing price was 1.89% . The trading delta at closing time against the current closing price is 6.60% . |
Modular Medical Fundamentals Correlations and Trends
By evaluating Modular Medical'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 Modular Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Modular financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Modular Medical Stock history
Modular Medical 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 Modular is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Modular Medical 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 Modular Medical stock prices may prove useful in developing a viable investing in Modular Medical
Modular Medical, Inc., a development stage medical device company, focuses on the design, development, and commercialization of insulin pumps using technology to enhance pump adoption in the diabetes marketplace. Modular Medical operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 25 people.
Modular Medical Stock Technical Analysis
Modular Medical 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
Modular Medical Period Price Range
Low | January 24, 2025
| High |
0.00 | 0.00 |
Modular Medical 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.
Modular Medical January 24, 2025 Market Strength
Market strength indicators help investors to evaluate how Modular Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Modular Medical shares will generate the highest return on investment. By undertsting and applying Modular Medical stock market strength indicators, traders can identify Modular Medical entry and exit signals to maximize returns
Modular Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Modular Medical's price direction in advance. Along with the technical and fundamental analysis of Modular Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Modular 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 | (0.20) | |||
Jensen Alpha | (0.82) | |||
Total Risk Alpha | (1.03) | |||
Treynor Ratio | 1.59 |
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Complementary Tools for Modular Stock analysis
When running Modular Medical's price analysis, check to measure Modular Medical'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 Modular Medical is operating at the current time. Most of Modular Medical's value examination focuses on studying past and present price action to predict the probability of Modular Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Modular Medical's price. Additionally, you may evaluate how the addition of Modular Medical to your portfolios can decrease your overall portfolio volatility.
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