Igm Biosciences Stock Price on December 18, 2024
If you're considering investing in IGM Stock, it is important to understand the factors that can impact its price. IGM Biosciences holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of volatility over the last 3 months. IGM Biosciences exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IGM Biosciences' market risk adjusted performance of (1.03), and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide.
IGM Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IGM |
Sharpe Ratio = -0.1696
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Estimated Market Risk
6.4 actual daily | 56 56% of assets are less volatile |
Expected Return
-1.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IGM Biosciences 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 IGM Biosciences by adding IGM Biosciences to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
IGM Biosciences Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
IGM Biosciences 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.
IGM Biosciences December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how IGM Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IGM Biosciences shares will generate the highest return on investment. By undertsting and applying IGM Biosciences stock market strength indicators, traders can identify IGM Biosciences entry and exit signals to maximize returns
IGM Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IGM Biosciences' price direction in advance. Along with the technical and fundamental analysis of IGM Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of IGM 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 | (0.13) | |||
Jensen Alpha | (1.12) | |||
Total Risk Alpha | (1.28) | |||
Treynor Ratio | (1.04) |
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Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Other Tools for IGM Stock
When running IGM Biosciences' price analysis, check to measure IGM Biosciences' 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 IGM Biosciences is operating at the current time. Most of IGM Biosciences' value examination focuses on studying past and present price action to predict the probability of IGM Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGM Biosciences' price. Additionally, you may evaluate how the addition of IGM Biosciences to your portfolios can decrease your overall portfolio volatility.
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