Biodesix Stock Price on June 20, 2024

BDSX Stock  USD 1.57  0.21  15.44%   
If you're considering investing in Biodesix Stock, it is important to understand the factors that can impact its price. As of today, the current price of Biodesix stands at 1.57, as last reported on the 20th of December, with the highest price reaching 1.61 and the lowest price hitting 1.32 during the day. Biodesix secures Sharpe Ratio (or Efficiency) of -0.0124, which signifies that the company had a -0.0124% return per unit of risk over the last 3 months. Biodesix exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biodesix's Standard Deviation of 4.25, mean deviation of 2.62, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide.
  
Biodesix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0124

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Estimated Market Risk

 4.25
  actual daily
37
63% of assets are more volatile

Expected Return

 -0.05
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Biodesix 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 Biodesix by adding Biodesix to a well-diversified portfolio.

Related Headline

Neuronetics Headline on 20th of June 2024

Filed transaction by Neuronetics Officer Evp, Cfo And Treasurer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3

Biodesix Valuation on June 20, 2024

It is possible to determine the worth of Biodesix on a given historical date. On June 20, 2024 Biodesix was worth 1.62 at the beginning of the trading date compared to the closed value of 1.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Biodesix stock. Still, in general, we apply an absolute valuation method to find Biodesix'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 Biodesix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Biodesix's related companies.
 Open High Low Close Volume
  1.62    1.64    1.58    1.61    144,800  
06/20/2024
  1.62    1.64    1.58    1.61    124,942  
  1.62    1.74    1.58    1.71    1,469,757  
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Open Value
1.62
1.61
Closing Value
14.37
Upside

Biodesix Trading Date Momentum on June 20, 2024

On June 21 2024 Biodesix was traded for  1.71  at the closing time. The top price for the day was 1.74  and the lowest listed price was  1.58 . The trading volume for the day was 1.5 M. The trading history from June 21, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 6.21% . The overall trading delta against the current closing price is 5.59% .

Biodesix Fundamentals Correlations and Trends

By evaluating Biodesix'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 Biodesix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Biodesix financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Biodesix Stock history

Biodesix 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 Biodesix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Biodesix 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 Biodesix stock prices may prove useful in developing a viable investing in Biodesix
Biodesix, Inc. operates as a data-driven diagnostic solutions company in the United States. Biodesix, Inc. was incorporated in 2005 and is headquartered in Boulder, Colorado. Biodesix operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 218 people.

Biodesix Stock Technical Analysis

Biodesix 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.
A focus of Biodesix technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Biodesix trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Biodesix Period Price Range

Low
December 20, 2024
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High

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Biodesix 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.

Biodesix December 20, 2024 Market Strength

Market strength indicators help investors to evaluate how Biodesix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Biodesix shares will generate the highest return on investment. By undertsting and applying Biodesix stock market strength indicators, traders can identify Biodesix entry and exit signals to maximize returns

Biodesix Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Biodesix's price direction in advance. Along with the technical and fundamental analysis of Biodesix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Biodesix 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.

Additional Tools for Biodesix Stock Analysis

When running Biodesix's price analysis, check to measure Biodesix'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 Biodesix is operating at the current time. Most of Biodesix's value examination focuses on studying past and present price action to predict the probability of Biodesix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biodesix's price. Additionally, you may evaluate how the addition of Biodesix to your portfolios can decrease your overall portfolio volatility.