Adagene Stock Price on November 20, 2023
ADAG Stock | USD 2.19 0.14 6.01% |
If you're considering investing in Adagene Stock, it is important to understand the factors that can impact its price. As of today, the current price of Adagene stands at 2.19, as last reported on the 4th of December, with the highest price reaching 2.35 and the lowest price hitting 2.16 during the day. Adagene secures Sharpe Ratio (or Efficiency) of -0.0196, which signifies that the company had a -0.0196% return per unit of standard deviation over the last 3 months. Adagene exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adagene's risk adjusted performance of (0), and Mean Deviation of 4.5 to double-check the risk estimate we provide.
At this time, Adagene's Liabilities And Stockholders Equity is most likely to increase significantly in the upcoming years. The Adagene's current Other Stockholder Equity is estimated to increase to about 367.6 M, while Capital Stock is projected to decrease to 3,959. . At this time, Adagene's Price Fair Value is most likely to increase significantly in the upcoming years. Adagene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Adagene |
Sharpe Ratio = -0.0196
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | ADAG |
Estimated Market Risk
6.22 actual daily | 55 55% of assets are less volatile |
Expected Return
-0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Adagene 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 Adagene by adding Adagene to a well-diversified portfolio.
Price Book 1.7133 | Enterprise Value Ebitda 1.1206 | Price Sales 126.4499 | Shares Float 19.1 M | Wall Street Target Price 10.54 |
Adagene Main Headline on 20th of November 2023
Head to Head Survey NeuroBo Pharmaceuticals versus Adagene by thelincolnianonline.com
Adagene and NeuroBo Pharmaceuticals are both small-cap medical companies, but which is the superior stock We will contrast the two companies based on the strength of their risk, analyst recommendations, dividends, institutional ownership, valuation, earnings and profitability. Profitability This table compares Adagene and NeuroBo Pharmaceuticals
Adagene Valuation on November 20, 2023
It is possible to determine the worth of Adagene on a given historical date. On November 20, 2023 Adagene was worth 1.46 at the beginning of the trading date compared to the closed value of 1.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Adagene stock. Still, in general, we apply an absolute valuation method to find Adagene'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 Adagene where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Adagene's related companies.
Open | High | Low | Close | Volume | |
1.41 | 1.47 | 1.37 | 1.37 | 11,700 | |
11/20/2023 | 1.46 | 1.46 | 1.37 | 1.37 | 7,300 |
1.43 | 1.45 | 1.35 | 1.35 | 5,300 |
Backtest Adagene | | | Adagene History | | | Adagene Valuation | Previous | Next |
Adagene Trading Date Momentum on November 20, 2023
On November 21 2023 Adagene was traded for 1.35 at the closing time. The top price for the day was 1.45 and the lowest listed price was 1.35 . The trading volume for the day was 5.3 K. The trading history from November 21, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.46% . The overall trading delta against the current closing price is 8.76% . |
Adagene Fundamentals Correlations and Trends
By evaluating Adagene'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 Adagene's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Adagene financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Adagene Stock history
Adagene 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 Adagene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Adagene 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 Adagene stock prices may prove useful in developing a viable investing in Adagene
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 43.8 M | 44.1 M | |
Net Loss | -65.9 M | -62.6 M |
Adagene Quarterly Net Working Capital |
|
Adagene Stock Technical Analysis
Adagene 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
Adagene Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Adagene cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Adagene December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Adagene stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Adagene shares will generate the highest return on investment. By undertsting and applying Adagene stock market strength indicators, traders can identify Adagene entry and exit signals to maximize returns
Adagene Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Adagene's price direction in advance. Along with the technical and fundamental analysis of Adagene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Adagene 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) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.93) | |||
Treynor Ratio | (0.34) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for Adagene Stock analysis
When running Adagene's price analysis, check to measure Adagene'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 Adagene is operating at the current time. Most of Adagene's value examination focuses on studying past and present price action to predict the probability of Adagene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adagene's price. Additionally, you may evaluate how the addition of Adagene to your portfolios can decrease your overall portfolio volatility.
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |