Codiak BioSciencesInc Price on March 20, 2023

CDAKDelisted Stock  USD 0.01  0  14.15%   
If you're considering investing in Codiak Stock, it is important to understand the factors that can impact its price. As of today, the current price of Codiak BioSciencesInc stands at 0.01, as last reported on the 4th of May, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. We have found twenty-four technical indicators for Codiak BioSciencesInc, which you can use to evaluate the volatility of the firm. Please confirm Codiak BioSciencesInc's risk adjusted performance of (0.07), and Mean Deviation of 14.51 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Codiak Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average Codiak BioSciencesInc 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 Codiak BioSciencesInc by adding Codiak BioSciencesInc to a well-diversified portfolio.

Codiak BioSciencesInc Valuation on March 20, 2023

It is possible to determine the worth of Codiak BioSciencesInc on a given historical date. On March 20, 2023 Codiak was worth 0.37 at the beginning of the trading date compared to the closed value of 0.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Codiak BioSciencesInc stock. Still, in general, we apply an absolute valuation method to find Codiak BioSciencesInc'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 Codiak BioSciencesInc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Codiak BioSciencesInc's related companies.
 Open High Low Close Volume
  0.49    0.62    0.49    0.62    101,175  
03/20/2023
  0.37    0.50    0.36    0.49    729,500  
  0.48    0.50    0.45    0.50    79,992  
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Open Value
0.37
0.49
Closing Value
0.37
Upside

Codiak BioSciencesInc Trading Date Momentum on March 20, 2023

On March 21 2023 Codiak BioSciencesInc was traded for  0.50  at the closing time. The top price for the day was 0.50  and the lowest listed price was  0.45 . The trading volume for the day was 80 K. The trading history from March 21, 2023 was a factor to the next trading day price upswing. The overall trading delta against the next closing price was 2.04% . The overall trading delta against the current closing price is 59.18% .

Codiak BioSciencesInc Fundamentals Correlations and Trends

By evaluating Codiak BioSciencesInc'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 Codiak BioSciencesInc's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Codiak financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Codiak BioSciencesInc Stock history

Codiak BioSciencesInc 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 Codiak is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Codiak BioSciencesInc 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 Codiak BioSciencesInc stock prices may prove useful in developing a viable investing in Codiak BioSciencesInc
Codiak BioSciences, Inc., a clinical-stage biopharmaceutical company, focuses on developing exosome-based therapeutics for the treatment of oncology, neuro-oncology, neurology, neuromuscular diseases, infectious diseases, and other diseases. The company was incorporated in 2015 and is headquartered in Cambridge, Massachusetts. Codiak Biosciences operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 102 people.

Codiak BioSciencesInc Stock Technical Analysis

Codiak BioSciencesInc 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, delisted stock market cycles, or different charting patterns.
A focus of Codiak BioSciencesInc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Codiak BioSciencesInc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Codiak BioSciencesInc Period Price Range

Low
March 20, 2023
0.12  32.43%
High

 0.37 

     

 0.49 

Codiak BioSciencesInc May 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Codiak BioSciencesInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Codiak BioSciencesInc shares will generate the highest return on investment. By undertsting and applying Codiak BioSciencesInc stock market strength indicators, traders can identify Codiak BioSciencesInc entry and exit signals to maximize returns

Codiak BioSciencesInc Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Codiak BioSciencesInc's price direction in advance. Along with the technical and fundamental analysis of Codiak Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Codiak 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.
Check out Trending Equities to better understand how to build diversified portfolios. 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.
Note that the Codiak BioSciencesInc information on this page should be used as a complementary analysis to other Codiak BioSciencesInc'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Other Consideration for investing in Codiak Stock

If you are still planning to invest in Codiak BioSciencesInc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Codiak BioSciencesInc's history and understand the potential risks before investing.
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