Nuvation Bio Stock Price on May 20, 2024
| NUVB Stock | USD 2.89 0.30 11.58% |
If you're considering investing in Nuvation Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nuvation Bio stands at 2.89, as last reported on the 3rd of January, with the highest price reaching 2.89 and the lowest price hitting 2.61 during the day. Nuvation Bio appears to be risky, given 3 months investment horizon. Nuvation Bio has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Nuvation Bio's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise Nuvation Bio's Mean Deviation of 3.4, downside deviation of 3.99, and Risk Adjusted Performance of 0.1089 to check out if our risk estimates are consistent with your expectations.
Nuvation Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nuvation |
Sharpe Ratio = 0.1241
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Estimated Market Risk
| 4.53 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Nuvation Bio is performing at about 9% 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 Nuvation Bio by adding it to a well-diversified portfolio.
Nuvation Bio Valuation on May 20, 2024
It is possible to determine the worth of Nuvation Bio on a given historical date. On May 20, 2024 Nuvation was worth 3.33 at the beginning of the trading date compared to the closed value of 3.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nuvation Bio stock. Still, in general, we apply an absolute valuation method to find Nuvation Bio'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 Nuvation Bio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nuvation Bio's related companies.
| Open | High | Low | Close | Volume | |
| 3.41 | 3.47 | 3.28 | 3.32 | 819,080 | |
05/20/2024 | 3.33 | 3.50 | 3.29 | 3.48 | 1,117,555 |
| 3.46 | 3.50 | 3.35 | 3.40 | 726,504 |
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Nuvation Bio Trading Date Momentum on May 20, 2024
| On May 21 2024 Nuvation Bio was traded for 3.40 at the closing time. The top price for the day was 3.50 and the lowest listed price was 3.35 . The trading volume for the day was 726.5 K. The trading history from May 21, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.30% . The trading delta at closing time against the current closing price is 15.52% . |
Nuvation Bio Fundamentals Correlations and Trends
By evaluating Nuvation Bio'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 Nuvation Bio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nuvation financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nuvation Bio Stock history
Nuvation Bio 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 Nuvation is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nuvation Bio 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 Nuvation Bio stock prices may prove useful in developing a viable investing in Nuvation Bio
Nuvation Bio Inc., a clinical-stage biopharmaceutical company, focuses on the development of therapeutic candidates for oncology. Nuvation Bio Inc. was founded in 2018 and is headquartered in New York, New York. Nuvation Bio operates under Biotechnology classification in the United States and is traded on New York Stock Exchange. It employs 85 people.
Nuvation Bio Stock Technical Analysis
Nuvation Bio 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
Nuvation Bio Period Price Range
Low | January 3, 2025
| High |
0.00 | 0.00 |
Nuvation Bio cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Nuvation Bio January 3, 2025 Market Strength
Market strength indicators help investors to evaluate how Nuvation Bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nuvation Bio shares will generate the highest return on investment. By undertsting and applying Nuvation Bio stock market strength indicators, traders can identify Nuvation Bio entry and exit signals to maximize returns
Nuvation Bio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nuvation Bio's price direction in advance. Along with the technical and fundamental analysis of Nuvation Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nuvation 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 | 0.1089 | |||
| Jensen Alpha | 0.5494 | |||
| Total Risk Alpha | 0.4836 | |||
| Sortino Ratio | 0.1353 | |||
| Treynor Ratio | 2.15 |
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Complementary Tools for Nuvation Stock analysis
When running Nuvation Bio's price analysis, check to measure Nuvation Bio'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 Nuvation Bio is operating at the current time. Most of Nuvation Bio's value examination focuses on studying past and present price action to predict the probability of Nuvation Bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nuvation Bio's price. Additionally, you may evaluate how the addition of Nuvation Bio to your portfolios can decrease your overall portfolio volatility.
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