Veltex Stock Price on October 17, 2023
| VLXC Stock | USD 0.08 0.01 10.57% |
If you're considering investing in Veltex OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Veltex stands at 0.08, as last reported on the 22nd of December, with the highest price reaching 0.08 and the lowest price hitting 0.08 during the day. Veltex appears to be out of control, given 3 months investment horizon. Veltex owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0579, which indicates the firm had a 0.0579% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Veltex, which you can use to evaluate the volatility of the company. Please review Veltex's Coefficient Of Variation of (2,304), variance of 57.16, and Risk Adjusted Performance of (0.03) to confirm if our risk estimates are consistent with your expectations.
Veltex OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Veltex |
Sharpe Ratio = 0.0579
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Estimated Market Risk
| 5.49 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Veltex is performing at about 4% 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 Veltex by adding it to a well-diversified portfolio.
Veltex Valuation on October 17, 2023
It is possible to determine the worth of Veltex on a given historical date. On October 17, 2023 Veltex was worth 0.16 at the beginning of the trading date compared to the closed value of 0.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Veltex otc stock. Still, in general, we apply an absolute valuation method to find Veltex'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 Veltex where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Veltex's related companies.
| Open | High | Low | Close | Volume | |
| 0.16 | 0.16 | 0.16 | 0.16 | 237.00 | |
10/17/2023 | 0.16 | 0.19 | 0.16 | 0.19 | 5,750 |
| 0.17 | 0.20 | 0.16 | 0.20 | 12,265 |
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Veltex Trading Date Momentum on October 17, 2023
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Veltex Fundamentals Correlations and Trends
By evaluating Veltex'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 Veltex's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Veltex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Veltex OTC Stock history
Veltex 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 Veltex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Veltex 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 Veltex stock prices may prove useful in developing a viable investing in Veltex
Veltex Corporation focuses on the development and acquisition of companies that have modalities in the areas of health, wellness, and recovery. The company was founded in 1987 and is headquartered in Chicago, Illinois. VELTEX CORP operates under Medical Care Facilities classification in the United States and is traded on OTC Exchange.
Veltex OTC Stock Technical Analysis
Veltex technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Veltex Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Veltex 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.
Veltex December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Veltex 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 Veltex shares will generate the highest return on investment. By undertsting and applying Veltex otc stock market strength indicators, traders can identify Veltex entry and exit signals to maximize returns
Veltex Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Veltex's price direction in advance. Along with the technical and fundamental analysis of Veltex OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Veltex 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 | (0.03) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (2.19) |
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Veltex OTC Stock analysis
When running Veltex's price analysis, check to measure Veltex'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 Veltex is operating at the current time. Most of Veltex's value examination focuses on studying past and present price action to predict the probability of Veltex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veltex's price. Additionally, you may evaluate how the addition of Veltex to your portfolios can decrease your overall portfolio volatility.
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