Zomedica Pharmaceuticals Stock Forecast - Daily Balance Of Power
| ZOM Stock | USD 0.13 0.00 0.00% |
Zomedica Stock Forecast is based on your current time horizon. Although Zomedica Pharmaceuticals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Zomedica Pharmaceuticals' systematic risk associated with finding meaningful patterns of Zomedica Pharmaceuticals fundamentals over time.
Zomedica |
| Check Zomedica Pharmaceuticals Volatility | Backtest Zomedica Pharmaceuticals | Trend Details |
Zomedica Pharmaceuticals Trading Date Momentum
| On October 16 2024 Zomedica Pharmaceuticals Corp was traded for 0.13 at the closing time. Highest Zomedica Pharmaceuticals's price during the trading hours was 0.13 and the lowest price during the day was 0.12 . The net volume was 3.9 M. The overall trading history on the 16th of October 2024 contributed to the next trading period price boost. The trading date delta to the next next day price was 8.33% . The trading date delta to current price is 0.00% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Zomedica Pharmaceuticals
For every potential investor in Zomedica, whether a beginner or expert, Zomedica Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Zomedica Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Zomedica. Basic forecasting techniques help filter out the noise by identifying Zomedica Pharmaceuticals' price trends.Zomedica Pharmaceuticals Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Zomedica Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of Zomedica Pharmaceuticals could also be used in its relative valuation, which is a method of valuing Zomedica Pharmaceuticals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zomedica Pharmaceuticals Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Zomedica Pharmaceuticals' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Zomedica Pharmaceuticals' current price.| Cycle Indicators | ||
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Zomedica Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how Zomedica Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zomedica Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Zomedica Pharmaceuticals stock market strength indicators, traders can identify Zomedica Pharmaceuticals Corp entry and exit signals to maximize returns.
Zomedica Pharmaceuticals Risk Indicators
The analysis of Zomedica Pharmaceuticals' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Zomedica Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zomedica stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.91 | |||
| Semi Deviation | 2.7 | |||
| Standard Deviation | 4.06 | |||
| Variance | 16.47 | |||
| Downside Variance | 60.86 | |||
| Semi Variance | 7.26 | |||
| Expected Short fall | (9.08) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Is Pharmaceuticals space 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 Zomedica Pharmaceuticals. If investors know Zomedica 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 Zomedica Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Revenue Per Share 0.027 | Quarterly Revenue Growth 0.018 | Return On Assets (0.09) | Return On Equity (0.24) |
The market value of Zomedica Pharmaceuticals is measured differently than its book value, which is the value of Zomedica that is recorded on the company's balance sheet. Investors also form their own opinion of Zomedica Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Zomedica Pharmaceuticals' 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 Zomedica Pharmaceuticals' market value can be influenced by many factors that don't directly affect Zomedica Pharmaceuticals' 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 Zomedica Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Zomedica Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zomedica Pharmaceuticals' 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.