ConforMIS Price on May 16, 2022

CFMSDelisted Stock  USD 2.26  0.00  0.00%   
If you're considering investing in ConforMIS Stock, it is important to understand the factors that can impact its price. As of today, the current price of ConforMIS stands at 2.26, as last reported on the 19th of April, with the highest price reaching 2.26 and the lowest price hitting 2.26 during the day. We have found twenty-three technical indicators for ConforMIS, which you can use to evaluate the volatility of the firm. Please confirm ConforMIS's Mean Deviation of 2.89, coefficient of variation of 726.41, and Risk Adjusted Performance of 0.0945 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%.
  
ConforMIS Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
CFMS
Based on monthly moving average ConforMIS 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 ConforMIS by adding ConforMIS to a well-diversified portfolio.

ConforMIS Valuation on May 16, 2022

It is possible to determine the worth of ConforMIS on a given historical date. On May 16, 2022 ConforMIS was worth 0.34 at the beginning of the trading date compared to the closed value of 9.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ConforMIS stock. Still, in general, we apply an absolute valuation method to find ConforMIS'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 ConforMIS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ConforMIS's related companies.
 Open High Low Close Volume
  0.35    584.88    9.31    9.31    16,024  
05/16/2022
  0.34    602.67    9.75    9.75    25,770  
  0.41    624.65    11.04    11.04    33,815  
Backtest ConforMIS  |  ConforMIS History  |  ConforMIS Valuation   PreviousNext  
Open Value
0.34
9.75
Closing Value
0.34
Upside

ConforMIS Trading Date Momentum on May 16, 2022

On May 17 2022 ConforMIS was traded for  11.04  at the closing time. The top price for the day was 624.65  and the lowest listed price was  11.04 . The trading volume for the day was 33.8 K. The trading history from May 17, 2022 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 13.23% . The overall trading delta against the current closing price is 95.69% .

ConforMIS Fundamentals Correlations and Trends

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

About ConforMIS Stock history

ConforMIS 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 ConforMIS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ConforMIS 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 ConforMIS stock prices may prove useful in developing a viable investing in ConforMIS
Conformis, Inc., a medical technology company, develops, manufactures, and sells patient-specific products and instrumentation. Conformis, Inc. was incorporated in 2004 and is headquartered in Billerica, Massachusetts. Conformis Inc operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 310 people.

ConforMIS Stock Technical Analysis

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

ConforMIS Period Price Range

Low
May 16, 2022
9.41  2,768%
High

 0.34 

     

 9.75 

ConforMIS April 19, 2024 Market Strength

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

ConforMIS Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for ConforMIS's price direction in advance. Along with the technical and fundamental analysis of ConforMIS Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ConforMIS 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Other Consideration for investing in ConforMIS Stock

If you are still planning to invest in ConforMIS 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 ConforMIS's history and understand the potential risks before investing.
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Volatility Analysis
Get historical volatility and risk analysis based on latest market data