Adagene Stock Price on January 9, 2023
| ADAG Stock | USD 2.60 0.04 1.52% |
If you're considering investing in Adagene Stock, it is important to understand the factors that can impact its price. As of today, the current price of Adagene stands at 2.60, as last reported on the 16th of April 2024, with the highest price reaching 2.72 and the lowest price hitting 2.60 during the day. Adagene secures Sharpe Ratio (or Efficiency) of -0.0626, which signifies that the company had a -0.0626% return per unit of standard deviation over the last 3 months. Adagene exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adagene's mean deviation of 5.46, and Risk Adjusted Performance of 0.0256 to double-check the risk estimate we provide.
At this time, Adagene's Liabilities And Stockholders Equity is most likely to increase significantly in the upcoming years. The Adagene's current Other Stockholder Equity is estimated to increase to about 367.6 M, while Capital Stock is projected to decrease to 3,959. . At this time, Adagene's Price Fair Value is most likely to increase significantly in the upcoming years. Adagene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Adagene |
Sharpe Ratio = -0.0626
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Estimated Market Risk
| 6.99 actual daily | 61 61% of assets are less volatile |
Expected Return
| -0.44 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Adagene 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 Adagene by adding Adagene to a well-diversified portfolio.
Price Book 1.6546 | Enterprise Value Ebitda (1.95) | Price Sales 6.4462 | Shares Float 13 M | Wall Street Target Price 12 |
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Adagene Valuation on January 9, 2023
It is possible to determine the worth of Adagene on a given historical date. On January 9, 2023 Adagene was worth 1.64 at the beginning of the trading date compared to the closed value of 1.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Adagene stock. Still, in general, we apply an absolute valuation method to find Adagene'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 Adagene where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Adagene's related companies.
| Open | High | Low | Close | Volume | |
| 1.51 | 1.60 | 1.41 | 1.60 | 107,967 | |
01/09/2023 | 1.64 | 1.80 | 1.60 | 1.78 | 150,975 |
| 1.83 | 1.90 | 1.72 | 1.89 | 129,173 |
| Backtest Adagene | | | Adagene History | | | Adagene Valuation | Previous | Next |
Adagene Trading Date Momentum on January 9, 2023
| On January 10 2023 Adagene was traded for 1.89 at the closing time. The top price for the day was 1.90 and the lowest listed price was 1.72 . The trading volume for the day was 129.2 K. The trading history from January 10, 2023 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 6.18% . The overall trading delta against the current closing price is 0.00% . |
Adagene Fundamentals Correlations and Trends
By evaluating Adagene'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 Adagene's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Adagene financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Adagene Stock history
Adagene 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 Adagene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Adagene 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 Adagene stock prices may prove useful in developing a viable investing in Adagene
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 43.8 M | 44.1 M | |
| Net Loss | -65.9 M | -62.6 M |
Adagene Quarterly Net Working Capital |
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Adagene Stock Technical Analysis
Adagene 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
Adagene Period Price Range
Low | January 9, 2023
| High |
1.64 | 1.78 |
Adagene April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Adagene stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Adagene shares will generate the highest return on investment. By undertsting and applying Adagene stock market strength indicators, traders can identify Adagene entry and exit signals to maximize returns
| Accumulation Distribution | 16775.0 | |||
| Daily Balance Of Power | 0.7 | |||
| Rate Of Daily Change | 1.09 | |||
| Day Median Price | 1.7 | |||
| Day Typical Price | 1.73 | |||
| Price Action Indicator | 0.15 | |||
| Period Momentum Indicator | 0.82 |
Adagene Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Adagene's price direction in advance. Along with the technical and fundamental analysis of Adagene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Adagene 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 | 0.0256 | |||
| Jensen Alpha | 0.294 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.019 | |||
| Treynor Ratio | (0.09) |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adagene. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.Note that the Adagene information on this page should be used as a complementary analysis to other Adagene's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Adagene Stock analysis
When running Adagene's price analysis, check to measure Adagene'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 Adagene is operating at the current time. Most of Adagene's value examination focuses on studying past and present price action to predict the probability of Adagene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adagene's price. Additionally, you may evaluate how the addition of Adagene to your portfolios can decrease your overall portfolio volatility.
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Is Adagene's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Adagene. If investors know Adagene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Adagene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Revenue Per Share 0.414 | Quarterly Revenue Growth (0.85) | Return On Assets (0.11) | Return On Equity (0.25) |
The market value of Adagene is measured differently than its book value, which is the value of Adagene that is recorded on the company's balance sheet. Investors also form their own opinion of Adagene's value that differs from its market value or its book value, called intrinsic value, which is Adagene's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Adagene's market value can be influenced by many factors that don't directly affect Adagene's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Adagene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adagene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adagene's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.