Nasdaq Biotechnology Index Price on November 12, 2024
| NBI Index | 4,485 91.34 2.00% |
Below is the normalized historical share price chart for NASDAQ Biotechnology extending back to November 01, 1993. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NASDAQ Biotechnology stands at 4,485, as last reported on the 13th of December 2024, with the highest price reaching 4,567 and the lowest price hitting 4,485 during the day.
If you're considering investing in NASDAQ Index, it is important to understand the factors that can impact its price. NASDAQ Biotechnology has Sharpe Ratio of -0.12, which conveys that the index had a -0.12% return per unit of standard deviation over the last 3 months. NASDAQ Biotechnology exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. NASDAQ Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = -0.1175
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| Negative Returns | NBI |
Estimated Market Risk
| 1.12 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NASDAQ Biotechnology 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 NASDAQ Biotechnology by adding NASDAQ Biotechnology to a well-diversified portfolio.
Related Headline
Sphere Entertainment Headline on 12th of November 2024
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Shares of Sphere Entertainment Co fell 8.06 percent in mid-day trading on Nov 12. The stock reached an intraday low of 40.06, before recovering slightly to
NASDAQ Biotechnology Valuation on November 12, 2024
It is possible to determine the worth of NASDAQ Biotechnology on a given historical date. On November 12, 2024 NASDAQ was worth 4842.8 at the beginning of the trading date compared to the closed value of 4755.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NASDAQ Biotechnology index. Still, in general, we apply an absolute valuation method to find NASDAQ Biotechnology'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 NASDAQ Biotechnology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NASDAQ Biotechnology's related companies.
| Open | High | Low | Close | Volume | |
| 4,930 | 4,947 | 4,882 | 4,884 | 1.00 | |
11/12/2024 | 4,843 | 4,867 | 4,751 | 4,755 | 1.00 |
| 4,773 | 4,800 | 4,717 | 4,718 | 1.00 |
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NASDAQ Biotechnology Trading Date Momentum on November 12, 2024
| On November 13 2024 NASDAQ Biotechnology was traded for 4,718 at the closing time. The highest price during the trading period was 4,800 and the lowest recorded bid was listed for 4,717 . There was no trading activity during the period 1.0. Lack of trading volume on November 13, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.80% . The trading delta at closing time to the current price is 5.75% . |
Price Boundaries
NASDAQ Biotechnology Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
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NASDAQ Biotechnology December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how NASDAQ Biotechnology index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NASDAQ Biotechnology shares will generate the highest return on investment. By undertsting and applying NASDAQ Biotechnology index market strength indicators, traders can identify NASDAQ Biotechnology entry and exit signals to maximize returns
NASDAQ Biotechnology Technical Drivers
NASDAQ Biotechnology December 13, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NASDAQ Biotechnology's price direction in advance. Along with the technical and fundamental analysis of NASDAQ Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of NASDAQ 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 | (0.06) | |||
| Mean Deviation | 0.8203 | |||
| Coefficient Of Variation | (1,150) | |||
| Standard Deviation | 1.12 | |||
| Variance | 1.25 | |||
| Information Ratio | (0.19) | |||
| Total Risk Alpha | (0.26) | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.34 | |||
| Skewness | (1.13) | |||
| Kurtosis | 2.54 |
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