Guardant Health Stock Price on May 5, 2022
| GH Stock | USD 17.34 0.25 1.42% |
If you're considering investing in Guardant Stock, it is important to understand the factors that can impact its price. As of today, the current price of Guardant Health stands at 17.34, as last reported on the 24th of April, with the highest price reaching 18.27 and the lowest price hitting 17.30 during the day. Guardant Health holds Efficiency (Sharpe) Ratio of -0.078, which attests that the entity had a -0.078% return per unit of standard deviation over the last 3 months. Guardant Health exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guardant Health's market risk adjusted performance of (0.28), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide.
Guardant Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Guardant |
Sharpe Ratio = -0.078
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| Negative Returns | GH |
Estimated Market Risk
| 4.26 actual daily | 37 63% of assets are more volatile |
Expected Return
| -0.33 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Guardant Health 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 Guardant Health by adding Guardant Health to a well-diversified portfolio.
Guardant Health Valuation on May 5, 2022
It is possible to determine the worth of Guardant Health on a given historical date. On May 5, 2022 Guardant was worth 55.0 at the beginning of the trading date compared to the closed value of 50.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Guardant Health stock. Still, in general, we apply an absolute valuation method to find Guardant Health'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 Guardant Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Guardant Health's related companies.
| Open | High | Low | Close | Volume | |
| 54.50 | 56.58 | 50.74 | 56.21 | 1,759,300 | |
05/05/2022 | 55.00 | 55.00 | 49.62 | 50.72 | 1,826,000 |
| 46.96 | 47.65 | 36.33 | 39.32 | 5,901,400 |
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Guardant Health Trading Date Momentum on May 5, 2022
| On May 06 2022 Guardant Health was traded for 39.32 at the closing time. The highest price during the trading period was 47.65 and the lowest recorded bid was listed for 36.33 . The volume for the day was 5.9 M. This history from May 6, 2022 contributed to the next trading day price decline. The overall trading delta to the next closing price was 22.48% . The overall trading delta to the current price is 30.07% . |
Guardant Health Fundamentals Correlations and Trends
By evaluating Guardant Health'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 Guardant Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Guardant financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Guardant Health Stock history
Guardant Health 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 Guardant is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Guardant Health 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 Guardant Health stock prices may prove useful in developing a viable investing in Guardant Health
Guardant Health, Inc., a precision oncology company, provides blood tests, data sets, and analytics in the United States and internationally. The company was incorporated in 2011 and is headquartered in Redwood City, California. Guardant Health operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 1373 people.
Guardant Health Stock Technical Analysis
Guardant Health 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
Guardant Health Period Price Range
Low | May 5, 2022
| High |
55.00 | 50.72 |
Guardant Health April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Guardant Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Guardant Health shares will generate the highest return on investment. By undertsting and applying Guardant Health stock market strength indicators, traders can identify Guardant Health entry and exit signals to maximize returns
| Accumulation Distribution | 178616.0 | |||
| Daily Balance Of Power | (0.80) | |||
| Rate Of Daily Change | 0.92 | |||
| Day Median Price | 52.31 | |||
| Day Typical Price | 51.78 | |||
| Price Action Indicator | (3.73) | |||
| Period Momentum Indicator | (33.38) | |||
| Relative Strength Index | 43.25 |
Guardant Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Guardant Health's price direction in advance. Along with the technical and fundamental analysis of Guardant Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Guardant 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 | (0.04) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.29) |
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guardant Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in Guardant Stock please use our How to Invest in Guardant Health guide.Note that the Guardant Health information on this page should be used as a complementary analysis to other Guardant Health'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Guardant Stock analysis
When running Guardant Health's price analysis, check to measure Guardant Health'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 Guardant Health is operating at the current time. Most of Guardant Health's value examination focuses on studying past and present price action to predict the probability of Guardant Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Guardant Health's price. Additionally, you may evaluate how the addition of Guardant Health to your portfolios can decrease your overall portfolio volatility.
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Is Guardant Health'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 Guardant Health. If investors know Guardant 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 Guardant Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Guardant Health is measured differently than its book value, which is the value of Guardant that is recorded on the company's balance sheet. Investors also form their own opinion of Guardant Health's value that differs from its market value or its book value, called intrinsic value, which is Guardant Health'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 Guardant Health's market value can be influenced by many factors that don't directly affect Guardant Health'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 Guardant Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guardant Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guardant Health'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.