Chitogenx Stock Analysis

ChitogenX OTC Stock Analysis Notes

About 17.0% of the company shares are held by company insiders. The company had not issued any dividends in recent years. ChitogenX Inc., an orthopaedic and sports medicine biologics company, engages in the research and development of novel therapeutic soft tissue repair technologies to enhance the success rate of sports medicine surgeries in Canada. ChitogenX Inc. was incorporated in 2015 and is headquartered in Kirkland, Canada. Chitogenx is traded on OTC Exchange in the United States.The quote for ChitogenX is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. For more info on ChitogenX please contact Philippe Deschamps at 514-782-0951 or go to https://www.chitogenx.com.

ChitogenX Investment Alerts

ChitogenX Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 9.86 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ChitogenX's market, we take the total number of its shares issued and multiply it by ChitogenX's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Technical Drivers

As of the 30th of November, ChitogenX shows the Mean Deviation of 3.06, standard deviation of 7.75, and Risk Adjusted Performance of (0.15). ChitogenX technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated twelve technical drivers for ChitogenX, which can be compared to its peers. Please confirm ChitogenX coefficient of variation and maximum drawdown to decide if ChitogenX is priced correctly, providing market reflects its regular price of 0.0051 per share. As ChitogenX appears to be a penny stock we also recommend to validate its jensen alpha numbers.

ChitogenX Price Movement Analysis

ChitogenX Predictive Daily Indicators

ChitogenX Forecast Models

ChitogenX's time-series forecasting models are one of many ChitogenX's otc stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary ChitogenX's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

OTC Stock analysis is the technique used by a trader or investor to examine and evaluate how ChitogenX prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling ChitogenX shares will generate the highest return on investment. We also built our otc analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual OTC such as ChitogenX. By using and applying ChitogenX OTC Stock analysis, traders can create a robust methodology for identifying ChitogenX entry and exit points for their positions.

When running ChitogenX's price analysis, check to measure ChitogenX'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 ChitogenX is operating at the current time. Most of ChitogenX's value examination focuses on studying past and present price action to predict the probability of ChitogenX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChitogenX's price. Additionally, you may evaluate how the addition of ChitogenX to your portfolios can decrease your overall portfolio volatility.