Mydecine Innovations Group Stock Price on May 24, 2024
| MYCOF Stock | USD 0 0 20.00% |
If you're considering investing in Mydecine Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Mydecine Innovations stands at 0, as last reported on the 29th of December, with the highest price reaching 0.01 and the lowest price hitting 0 during the day. Mydecine Innovations is out of control given 3 months investment horizon. Mydecine Innovations has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 4.27% are justified by taking the suggested risk. Use Mydecine Innovations Downside Deviation of 31.36, mean deviation of 24.19, and Risk Adjusted Performance of 0.124 to evaluate company specific risk that cannot be diversified away.
Mydecine Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Mydecine |
Sharpe Ratio = 0.1298
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Estimated Market Risk
| 32.88 actual daily | 96 96% of assets are less volatile |
Expected Return
| 4.27 actual daily | 85 85% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Mydecine Innovations is performing at about 10% 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 Mydecine Innovations by adding it to a well-diversified portfolio.
Mydecine Innovations Valuation on May 24, 2024
It is possible to determine the worth of Mydecine Innovations on a given historical date. On May 24, 2024 Mydecine was worth 0.011 at the beginning of the trading date compared to the closed value of 0.011. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mydecine Innovations pink sheet. Still, in general, we apply an absolute valuation method to find Mydecine Innovations' 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 Mydecine Innovations where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mydecine Innovations' related companies.
| Open | High | Low | Close | Volume | |
| 0.01 | 0.01 | 0.01 | 0.01 | 700.00 | |
05/24/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 100.00 |
| 0.01 | 0.01 | 0.01 | 0.01 | 200.00 |
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Mydecine Innovations Trading Date Momentum on May 24, 2024
| On May 28 2024 Mydecine Innovations Group was traded for 0.01 at the closing time. The highest daily price throughout the period was 0.01 and the lowest price was 0.01 . The daily volume was 200. The net trading volume on 05/28/2024 did not cause price change. The trading delta at closing time to current closing price is 45.45% . |
Mydecine Innovations Fundamentals Correlations and Trends
By evaluating Mydecine Innovations' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mydecine Innovations' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mydecine financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mydecine Innovations Pink Sheet history
Mydecine Innovations 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 Mydecine is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mydecine Innovations 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 Mydecine Innovations stock prices may prove useful in developing a viable investing in Mydecine Innovations
Mydecine Innovations Group Inc., a biotech and life sciences company, engages in the development and commercialization of drugs for treating mental health problems. Mydecine Innovations Group Inc. was incorporated in 2013 and is headquartered in Vancouver, Canada. Mydecine Innovations operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 11 people.
Mydecine Innovations Pink Sheet Technical Analysis
Mydecine Innovations technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Mydecine Innovations Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Mydecine Innovations Group cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Mydecine Innovations December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Mydecine Innovations pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mydecine Innovations shares will generate the highest return on investment. By undertsting and applying Mydecine Innovations pink sheet market strength indicators, traders can identify Mydecine Innovations Group entry and exit signals to maximize returns
Mydecine Innovations Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mydecine Innovations' price direction in advance. Along with the technical and fundamental analysis of Mydecine Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mydecine 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 | 0.124 | |||
| Jensen Alpha | 4.61 | |||
| Total Risk Alpha | 3.89 | |||
| Sortino Ratio | 0.1534 | |||
| Treynor Ratio | 0.4767 |
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Complementary Tools for Mydecine Pink Sheet analysis
When running Mydecine Innovations' price analysis, check to measure Mydecine Innovations' 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 Mydecine Innovations is operating at the current time. Most of Mydecine Innovations' value examination focuses on studying past and present price action to predict the probability of Mydecine Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mydecine Innovations' price. Additionally, you may evaluate how the addition of Mydecine Innovations to your portfolios can decrease your overall portfolio volatility.
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