Nu Med Plus Stock Price on October 20, 2023
If you're considering investing in NUMD OTC Stock, it is important to understand the factors that can impact its price. Nu Med Plus retains Efficiency (Sharpe Ratio) of -0.12, which conveys that the firm had a -0.12% return per unit of price deviation over the last 3 months. Nu Med exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nu Med's Mean Deviation of 7.35, information ratio of (0.12), and Market Risk Adjusted Performance of (0.44) to check out the risk estimate we provide.
NUMD OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NUMD |
Sharpe Ratio = -0.1167
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| Negative Returns | NUMD |
Estimated Market Risk
| 11.92 actual daily | 96 96% of assets are less volatile |
Expected Return
| -1.39 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 Nu Med 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 Nu Med by adding Nu Med to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Nu Med Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Nu Med Plus cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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.
Nu Med December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Nu Med otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nu Med shares will generate the highest return on investment. By undertsting and applying Nu Med otc stock market strength indicators, traders can identify Nu Med Plus entry and exit signals to maximize returns
Nu Med Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nu Med's price direction in advance. Along with the technical and fundamental analysis of NUMD OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NUMD 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 | (0.08) | |||
| Jensen Alpha | (1.47) | |||
| Total Risk Alpha | (1.73) | |||
| Treynor Ratio | (0.45) |
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Complementary Tools for NUMD OTC Stock analysis
When running Nu Med's price analysis, check to measure Nu Med'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 Nu Med is operating at the current time. Most of Nu Med's value examination focuses on studying past and present price action to predict the probability of Nu Med's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nu Med's price. Additionally, you may evaluate how the addition of Nu Med to your portfolios can decrease your overall portfolio volatility.
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