Noxopharm Limited Stock Price on April 19, 2024
NOXOF Stock | USD 0.04 0.01 50.00% |
If you're considering investing in Noxopharm Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Noxopharm stands at 0.04, as last reported on the 23rd of May, with the highest price reaching 0.04 and the lowest price hitting 0.04 during the day. Noxopharm appears to be out of control, given 3 months investment horizon. Noxopharm Limited has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Noxopharm's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please exercise Noxopharm's Mean Deviation of 1.49, risk adjusted performance of 0.0798, and Standard Deviation of 6.15 to check out if our risk estimates are consistent with your expectations.
Noxopharm Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Noxopharm |
Sharpe Ratio = 0.126
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Estimated Market Risk
6.3 actual daily | 55 55% of assets are less volatile |
Expected Return
0.79 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Noxopharm is performing at about 9% 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 Noxopharm by adding it to a well-diversified portfolio.
Noxopharm Valuation on April 19, 2024
It is possible to determine the worth of Noxopharm on a given historical date. On April 19, 2024 Noxopharm was worth 0.03 at the beginning of the trading date compared to the closed value of 0.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Noxopharm pink sheet. Still, in general, we apply an absolute valuation method to find Noxopharm'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 Noxopharm where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Noxopharm's related companies.
Open | High | Low | Close | Volume | |
0.03 | 0.03 | 0.03 | 0.03 | 1.00 | |
04/19/2024 | 0.03 | 0.03 | 0.03 | 0.03 | 1.00 |
0.03 | 0.03 | 0.03 | 0.03 | 1.00 |
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Noxopharm Trading Date Momentum on April 19, 2024
On April 22 2024 Noxopharm Limited was traded for 0.03 at the closing time. The highest daily price throughout the period was 0.03 and the lowest price was 0.03 . There was no trading activity during the period 1.0. Lack of trading volume on 04/22/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
Noxopharm Limited Fundamentals Correlations and Trends
By evaluating Noxopharm'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 Noxopharm's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Noxopharm financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Noxopharm Pink Sheet history
Noxopharm 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 Noxopharm is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Noxopharm Limited 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 Noxopharm stock prices may prove useful in developing a viable investing in Noxopharm
Noxopharm Limited, a drug development company, focuses on developing treatment options for a range of solid tumor cancers and septic shock in Australia and internationally. The company was incorporated in 2015 and is based in Chatswood, Australia. Noxopharm operates under Biotechnology classification in the United States and is traded on OTC Exchange.
Noxopharm Pink Sheet Technical Analysis
Noxopharm technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Noxopharm Period Price Range
Low | April 19, 2024
| High |
0.03 | 0.03 |
Noxopharm May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Noxopharm pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Noxopharm shares will generate the highest return on investment. By undertsting and applying Noxopharm pink sheet market strength indicators, traders can identify Noxopharm Limited entry and exit signals to maximize returns
Rate Of Daily Change | 1.0 | |||
Day Median Price | 0.03 | |||
Day Typical Price | 0.03 | |||
Period Momentum Indicator | 0.015 | |||
Relative Strength Index | 100.0 |
Noxopharm Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Noxopharm's price direction in advance. Along with the technical and fundamental analysis of Noxopharm Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Noxopharm 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 | 0.0798 | |||
Jensen Alpha | 0.8126 | |||
Total Risk Alpha | 0.0194 | |||
Treynor Ratio | (0.78) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noxopharm Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Noxopharm Pink Sheet analysis
When running Noxopharm's price analysis, check to measure Noxopharm'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 Noxopharm is operating at the current time. Most of Noxopharm's value examination focuses on studying past and present price action to predict the probability of Noxopharm's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noxopharm's price. Additionally, you may evaluate how the addition of Noxopharm to your portfolios can decrease your overall portfolio volatility.
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