Onward Medical is selling at 5.80 as of the 25th of February 2025; that is 0.69% up since the beginning of the trading day. The stock's lowest day price was 5.74. Onward Medical has hardly any chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. The performance scores are derived for the period starting the 26th of January 2025 and ending today, the 25th of February 2025. Click here to learn more.
Although Onward Medical's alpha and beta are two of the key measurements used to evaluate Onward Medical's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Onward Medical stock to make a market-neutral strategy. Peer analysis of Onward Medical could also be used in its relative valuation, which is a method of valuing Onward Medical by comparing valuation metrics with similar companies.
When running Onward Medical's price analysis, check to measure Onward Medical'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 Onward Medical is operating at the current time. Most of Onward Medical's value examination focuses on studying past and present price action to predict the probability of Onward Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onward Medical's price. Additionally, you may evaluate how the addition of Onward Medical to your portfolios can decrease your overall portfolio volatility.