Numinus Wellness Stock Price on May 31, 2023
If you're considering investing in Numinus OTC Stock, it is important to understand the factors that can impact its price. Numinus Wellness is out of control given 3 months investment horizon. Numinus Wellness has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.39% are justified by taking the suggested risk. Use Numinus Wellness Risk Adjusted Performance of 0.0932, mean deviation of 8.66, and Downside Deviation of 13.85 to evaluate company specific risk that cannot be diversified away.
Numinus OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Numinus |
Sharpe Ratio = 0.1052
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Estimated Market Risk
| 13.18 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.39 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Numinus Wellness is performing at about 8% 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 Numinus Wellness by adding it 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.
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Price Boundaries
Numinus Wellness Period Price Range
Low | January 10, 2025
| High |
0.00 | 0.00 |
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Numinus Wellness January 10, 2025 Market Strength
Market strength indicators help investors to evaluate how Numinus Wellness 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 Numinus Wellness shares will generate the highest return on investment. By undertsting and applying Numinus Wellness otc stock market strength indicators, traders can identify Numinus Wellness entry and exit signals to maximize returns
Numinus Wellness Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Numinus Wellness' price direction in advance. Along with the technical and fundamental analysis of Numinus OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Numinus 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 | 0.0932 | |||
| Jensen Alpha | 1.32 | |||
| Total Risk Alpha | 1.09 | |||
| Sortino Ratio | 0.0981 | |||
| Treynor Ratio | 0.3947 |
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Complementary Tools for Numinus OTC Stock analysis
When running Numinus Wellness' price analysis, check to measure Numinus Wellness' 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 Numinus Wellness is operating at the current time. Most of Numinus Wellness' value examination focuses on studying past and present price action to predict the probability of Numinus Wellness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Numinus Wellness' price. Additionally, you may evaluate how the addition of Numinus Wellness to your portfolios can decrease your overall portfolio volatility.
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