Nykode Therapeutics (Norway) Price on June 11, 2024
| NYKD Stock | 2.70 0.02 0.75% |
If you're considering investing in Nykode Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nykode Therapeutics stands at 2.70, as last reported on the 2nd of December, with the highest price reaching 2.81 and the lowest price hitting 2.63 during the day. Nykode Therapeutics ASA has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Nykode Therapeutics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nykode Therapeutics' Risk Adjusted Performance of (0.11), standard deviation of 6.86, and Mean Deviation of 3.94 to check out the risk estimate we provide.
Nykode Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nykode |
Sharpe Ratio = -0.1275
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Estimated Market Risk
| 6.87 actual daily | 61 61% of assets are less volatile |
Expected Return
| -0.88 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nykode Therapeutics 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 Nykode Therapeutics by adding Nykode Therapeutics to a well-diversified portfolio.
Nykode Therapeutics Valuation on June 11, 2024
It is possible to determine the worth of Nykode Therapeutics on a given historical date. On June 11, 2024 Nykode was worth 17.02 at the beginning of the trading date compared to the closed value of 16.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nykode Therapeutics stock. Still, in general, we apply an absolute valuation method to find Nykode Therapeutics' 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 Nykode Therapeutics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nykode Therapeutics' related companies.
| Open | High | Low | Close | Volume | |
| 16.31 | 16.44 | 15.86 | 16.40 | 559,481 | |
06/11/2024 | 17.02 | 17.20 | 15.97 | 16.28 | 2,058,016 |
| 16.35 | 16.44 | 15.90 | 16.10 | 954,806 |
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Nykode Therapeutics Trading Date Momentum on June 11, 2024
| On June 12 2024 Nykode Therapeutics ASA was traded for 16.10 at the closing time. The highest price during the trading period was 16.44 and the lowest recorded bid was listed for 15.90 . The volume for the day was 954.8 K. This history from June 12, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.11% . The trading delta at closing time to the current price is 6.39% . |
Price Boundaries
Nykode Therapeutics Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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Nykode Therapeutics December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Nykode Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nykode Therapeutics shares will generate the highest return on investment. By undertsting and applying Nykode Therapeutics stock market strength indicators, traders can identify Nykode Therapeutics ASA entry and exit signals to maximize returns
Nykode Therapeutics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nykode Therapeutics' price direction in advance. Along with the technical and fundamental analysis of Nykode Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nykode 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.