Mind Medicineinc Stock Price on May 18, 2021
| MNMD Stock | USD 8.46 0.41 4.62% |
Below is the normalized historical share price chart for Mind MedicineInc extending back to November 15, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mind MedicineInc stands at 8.46, as last reported on the 25th of April, with the highest price reaching 8.46 and the lowest price hitting 8.46 during the day.
If you're considering investing in Mind Stock, it is important to understand the factors that can impact its price. Mind MedicineInc is unstable given 3 months investment horizon. Mind MedicineInc has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We have collected data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.68% are justified by taking the suggested risk. Use Mind MedicineInc Risk Adjusted Performance of 0.1323, mean deviation of 5.42, and Downside Deviation of 5.47 to evaluate company specific risk that cannot be diversified away.
At present, Mind MedicineInc's Stock Based Compensation is projected to increase significantly based on the last few years of reporting. . As of April 25, 2024, Price Earnings Ratio is expected to decline to -1.57. In addition to that, Price Book Value Ratio is expected to decline to 1.74. Mind Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of March 2020 | 200 Day MA 4.7541 | 50 Day MA 8.1319 | Beta 2.531 |
Mind |
Sharpe Ratio = 0.1903
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Estimated Market Risk
| 8.81 actual daily | 78 78% of assets are less volatile |
Expected Return
| 1.68 actual daily | 33 67% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Mind MedicineInc is performing at about 14% of its full potential. 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 Mind MedicineInc by adding it to a well-diversified portfolio.
Price Book 8.7253 | Book Value 1.901 | Enterprise Value 281.1 M | Enterprise Value Ebitda (6.57) | Shares Float 33.1 M |
Mind MedicineInc Valuation on May 18, 2021
It is possible to determine the worth of Mind MedicineInc on a given historical date. On May 18, 2021 Mind was worth 1.0 at the beginning of the trading date compared to the closed value of 14.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mind MedicineInc stock. Still, in general, we apply an absolute valuation method to find Mind MedicineInc'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 Mind MedicineInc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mind MedicineInc's related companies.
| Open | High | Low | Close | Volume | |
04/11/2022 | 1.00 | 14.54 | 14.54 | 14.54 | 177,335 |
| 0.98 | 14.49 | 14.49 | 14.49 | 132,067 |
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Mind MedicineInc Trading Date Momentum on May 18, 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.Mind MedicineInc Fundamentals Correlations and Trends
By evaluating Mind MedicineInc'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 Mind MedicineInc's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mind financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mind MedicineInc Stock history
Mind MedicineInc 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 Mind is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mind MedicineInc 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 Mind MedicineInc stock prices may prove useful in developing a viable investing in Mind MedicineInc
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 39.2 M | 25.4 M | |
| Net Loss | -51.1 M | -53.7 M |
Mind MedicineInc Quarterly Net Working Capital |
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Mind MedicineInc Stock Technical Analysis
Mind MedicineInc 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
Mind MedicineInc Period Price Range
Low | April 11, 2022
| High |
1.00 | 14.54 |
Mind MedicineInc April 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Mind MedicineInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mind MedicineInc shares will generate the highest return on investment. By undertsting and applying Mind MedicineInc stock market strength indicators, traders can identify Mind MedicineInc entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 14.54 | |||
| Day Median Price | 14.54 | |||
| Day Typical Price | 14.54 | |||
| Price Action Indicator | 6.77 | |||
| Period Momentum Indicator | (6.08) | |||
| Relative Strength Index | 65.15 |
Mind MedicineInc Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mind MedicineInc's price direction in advance. Along with the technical and fundamental analysis of Mind Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mind 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 | 0.1323 | |||
| Jensen Alpha | 1.4 | |||
| Total Risk Alpha | 0.509 | |||
| Sortino Ratio | 0.2921 | |||
| Treynor Ratio | 0.5089 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind MedicineInc. 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. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Mind Stock analysis
When running Mind MedicineInc's price analysis, check to measure Mind MedicineInc'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 Mind MedicineInc is operating at the current time. Most of Mind MedicineInc's value examination focuses on studying past and present price action to predict the probability of Mind MedicineInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind MedicineInc's price. Additionally, you may evaluate how the addition of Mind MedicineInc to your portfolios can decrease your overall portfolio volatility.
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Is Mind MedicineInc'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 Mind MedicineInc. If investors know Mind 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 Mind MedicineInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.44) | Return On Assets (0.40) | Return On Equity (0.84) |
The market value of Mind MedicineInc is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind MedicineInc's value that differs from its market value or its book value, called intrinsic value, which is Mind MedicineInc'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 Mind MedicineInc's market value can be influenced by many factors that don't directly affect Mind MedicineInc'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 Mind MedicineInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind MedicineInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind MedicineInc'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.