Chembio Diagnostics Price on July 22, 2021

CEMIDelisted Stock  USD 0.46  0.01  2.22%   
If you're considering investing in Chembio Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chembio Diagnostics stands at 0.46, as last reported on the 24th of April, with the highest price reaching 0.46 and the lowest price hitting 0.45 during the day. We have found thirty technical indicators for Chembio Diagnostics, which you can use to evaluate the volatility of the firm. Please confirm Chembio Diagnostics' mean deviation of 2.55, and Risk Adjusted Performance of 0.0766 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Chembio 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 Chembio Diagnostics 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 Chembio Diagnostics by adding Chembio Diagnostics to a well-diversified portfolio.

Chembio Diagnostics Valuation on July 22, 2021

It is possible to determine the worth of Chembio Diagnostics on a given historical date. On July 22, 2021 Chembio was worth 0.77 at the beginning of the trading date compared to the closed value of 0.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chembio Diagnostics stock. Still, in general, we apply an absolute valuation method to find Chembio Diagnostics' 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 Chembio Diagnostics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chembio Diagnostics' related companies.
 Open High Low Close Volume
04/07/2022
  0.77    0.77    0.73    0.76    120,700  
  0.76    0.78    0.73    0.74    151,600  
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Open Value
0.77
0.76
Closing Value
0.77
Upside

Chembio Diagnostics Trading Date Momentum on July 22, 2021

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.

Chembio Diagnostics Fundamentals Correlations and Trends

By evaluating Chembio Diagnostics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Chembio Diagnostics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chembio financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Chembio Diagnostics Stock history

Chembio Diagnostics 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 Chembio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chembio Diagnostics 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 Chembio Diagnostics stock prices may prove useful in developing a viable investing in Chembio Diagnostics
Chembio Diagnostics, Inc., together with its subsidiaries, develops, manufactures, and commercializes point-of-care diagnostic tests that are used to detect or diagnose diseases. Chembio Diagnostics, Inc. was founded in 1985 and is headquartered in Hauppauge, New York. Chembio Diagnostics operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 337 people.

Chembio Diagnostics Stock Technical Analysis

Chembio Diagnostics 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 Chembio Diagnostics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chembio Diagnostics 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

Chembio Diagnostics Period Price Range

Low
April 7, 2022
-0.01  -1.3%
High

 0.77 

     

 0.76 

Chembio Diagnostics April 24, 2024 Market Strength

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

Chembio Diagnostics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Chembio Diagnostics' price direction in advance. Along with the technical and fundamental analysis of Chembio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chembio 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 population.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Other Consideration for investing in Chembio Stock

If you are still planning to invest in Chembio Diagnostics 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 Chembio Diagnostics' history and understand the potential risks before investing.
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