Spruce Biosciences Stock Price on February 29, 2024
| SPRB Stock | USD 0.38 0.01 2.56% |
If you're considering investing in Spruce Stock, it is important to understand the factors that can impact its price. As of today, the current price of Spruce Biosciences stands at 0.38, as last reported on the 10th of January, with the highest price reaching 0.40 and the lowest price hitting 0.37 during the day. Spruce Biosciences owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0415, which indicates the firm had a -0.0415% return per unit of risk over the last 3 months. Spruce Biosciences exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spruce Biosciences' Risk Adjusted Performance of (0.02), coefficient of variation of (2,408), and Variance of 22.02 to confirm the risk estimate we provide.
Spruce Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Spruce |
Sharpe Ratio = -0.0415
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Estimated Market Risk
| 4.69 actual daily | 41 59% of assets are more volatile |
Expected Return
| -0.19 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Spruce Biosciences 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 Spruce Biosciences by adding Spruce Biosciences to a well-diversified portfolio.
Spruce Biosciences Valuation on February 29, 2024
It is possible to determine the worth of Spruce Biosciences on a given historical date. On February 29, 2024 Spruce was worth 5.37 at the beginning of the trading date compared to the closed value of 5.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spruce Biosciences stock. Still, in general, we apply an absolute valuation method to find Spruce Biosciences' 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 Spruce Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spruce Biosciences' related companies.
| Open | High | Low | Close | Volume | |
| 5.15 | 5.46 | 5.12 | 5.37 | 161,480 | |
02/29/2024 | 5.37 | 5.40 | 4.85 | 5.00 | 558,000 |
| 5.01 | 5.44 | 4.85 | 5.27 | 235,700 |
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Spruce Biosciences Trading Date Momentum on February 29, 2024
| On March 01 2024 Spruce Biosciences was traded for 5.27 at the closing time. The top price for the day was 5.44 and the lowest listed price was 4.85 . The trading volume for the day was 235.7 K. The trading history from March 1, 2024 was a factor to the next trading day price jump. The trading price change against the next closing price was 5.40% . The trading price change against the current closing price is 3.00% . |
Spruce Biosciences Fundamentals Correlations and Trends
By evaluating Spruce Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Spruce Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spruce financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spruce Biosciences Stock history
Spruce Biosciences 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 Spruce is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spruce Biosciences 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 Spruce Biosciences stock prices may prove useful in developing a viable investing in Spruce Biosciences
Spruce Biosciences, Inc., a biopharmaceutical company, focuses on developing and commercializing novel therapies for rare endocrine disorders. Spruce Biosciences, Inc. was incorporated in 2014 and is headquartered in Daly City, California. Spruce Biosciences operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 17 people.
Spruce Biosciences Stock Technical Analysis
Spruce Biosciences 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
Spruce Biosciences Period Price Range
Low | January 10, 2025
| High |
0.00 | 0.00 |
Spruce Biosciences cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Spruce Biosciences January 10, 2025 Market Strength
Market strength indicators help investors to evaluate how Spruce Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spruce Biosciences shares will generate the highest return on investment. By undertsting and applying Spruce Biosciences stock market strength indicators, traders can identify Spruce Biosciences entry and exit signals to maximize returns
Spruce Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spruce Biosciences' price direction in advance. Along with the technical and fundamental analysis of Spruce Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spruce 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 | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.57) |
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Complementary Tools for Spruce Stock analysis
When running Spruce Biosciences' price analysis, check to measure Spruce Biosciences' 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 Spruce Biosciences is operating at the current time. Most of Spruce Biosciences' value examination focuses on studying past and present price action to predict the probability of Spruce Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Biosciences' price. Additionally, you may evaluate how the addition of Spruce Biosciences to your portfolios can decrease your overall portfolio volatility.
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