Trxade Group Price on December 22, 2024
MEDSDelisted Stock | USD 7.46 0.56 8.12% |
If you're considering investing in Trxade Stock, it is important to understand the factors that can impact its price. As of today, the current price of Trxade stands at 7.46, as last reported on the 23rd of December, with the highest price reaching 7.46 and the lowest price hitting 6.90 during the day. Trxade Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Trxade Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trxade's Variance of 96.23, coefficient of variation of (8,335), and Risk Adjusted Performance of (0.0003) to confirm the risk estimate we provide.
Trxade Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Trxade |
Sharpe Ratio = -0.139
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Estimated Market Risk
1.47 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Trxade 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 Trxade by adding Trxade to a well-diversified portfolio.
Trxade Valuation on December 22, 2024
It is possible to determine the worth of Trxade on a given historical date. On December 22, 2024 Trxade was worth 6.9 at the beginning of the trading date compared to the closed value of 7.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Trxade stock. Still, in general, we apply an absolute valuation method to find Trxade'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 Trxade where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Trxade's related companies.
Open | High | Low | Close | Volume | |
12/23/2024 | 6.90 | 7.46 | 6.90 | 7.46 | 0.00 |
Backtest Trxade | | | Trxade History | | | Trxade Valuation |
Trxade Trading Date Momentum on December 22, 2024
Trxade Group Fundamentals Correlations and Trends
By evaluating Trxade'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 Trxade's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Trxade financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Trxade Stock history
Trxade 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 Trxade is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Trxade Group 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 Trxade stock prices may prove useful in developing a viable investing in Trxade
TRxADE HEALTH, Inc. operates as a health services IT company in the United States. The company was formerly known as Trxade Group, Inc. and changed its name to TRxADE HEALTH, Inc. in June 2021. Trxade Health operates under Pharmaceutical Retailers classification in the United States and is traded on NASDAQ Exchange. It employs 47 people.
Trxade Stock Technical Analysis
Trxade 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Trxade Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Trxade Group 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.
Trxade December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Trxade stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trxade shares will generate the highest return on investment. By undertsting and applying Trxade stock market strength indicators, traders can identify Trxade Group entry and exit signals to maximize returns
Trxade Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Trxade's price direction in advance. Along with the technical and fundamental analysis of Trxade Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Trxade 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 | (0.0003) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.40) | |||
Treynor Ratio | 0.1816 |
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Volume Indicators |
Check out Correlation 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 unemployment. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Consideration for investing in Trxade Stock
If you are still planning to invest in Trxade Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Trxade's history and understand the potential risks before investing.
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