Onemednet Corp Stock Price on May 31, 2024
| ONMDW Stock | 0.04 0.00 0.000002% |
If you're considering investing in OneMedNet Stock, it is important to understand the factors that can impact its price. As of today, the current price of OneMedNet Corp stands at 0.04, as last reported on the 23rd of December, with the highest price reaching 0.05 and the lowest price hitting 0.02 during the day. OneMedNet Corp is out of control given 3 months investment horizon. OneMedNet Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.36% are justified by taking the suggested risk. Use OneMedNet Corp Coefficient Of Variation of 1765.64, semi deviation of 14.51, and Risk Adjusted Performance of 0.0546 to evaluate company specific risk that cannot be diversified away.
At this time, OneMedNet Corp's Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 838.2 K in 2024, whereas Other Stockholder Equity is likely to drop slightly above 31.4 M in 2024. . Price To Sales Ratio is likely to drop to 5.34 in 2024. Price Earnings Ratio is likely to drop to -0.26 in 2024. OneMedNet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
OneMedNet |
Sharpe Ratio = 0.1159
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Estimated Market Risk
| 28.96 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.36 actual daily | 67 67% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average OneMedNet Corp is performing at about 9% of its full potential. 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 OneMedNet Corp by adding it to a well-diversified portfolio.
Book Value (0.55) | Shares Float 12.1 M | Shares Short Prior Month 51 K | Shares Short 52.3 K | Revenue Per Share 0.043 |
OneMedNet Corp Valuation on May 31, 2024
It is possible to determine the worth of OneMedNet Corp on a given historical date. On May 31, 2024 OneMedNet was worth 0.0514 at the beginning of the trading date compared to the closed value of 0.0501. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OneMedNet Corp stock. Still, in general, we apply an absolute valuation method to find OneMedNet Corp'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 OneMedNet Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OneMedNet Corp's related companies.
| Open | High | Low | Close | Volume | |
| 0.09 | 0.11 | 0.05 | 0.07 | 560,713 | |
05/31/2024 | 0.05 | 0.06 | 0.05 | 0.05 | 55,099 |
| 0.05 | 0.07 | 0.04 | 0.05 | 22,016 |
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OneMedNet Corp Trading Date Momentum on May 31, 2024
| On June 03 2024 OneMedNet Corp was traded for 0.05 at the closing time. The highest daily price throughout the period was 0.07 and the lowest price was 0.04 . The daily volume was 22 K. The net trading volume on 06/03/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 9.98% . The trading delta at closing time to current closing price is 17.37% . |
OneMedNet Corp Fundamentals Correlations and Trends
By evaluating OneMedNet Corp'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 OneMedNet Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OneMedNet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OneMedNet Corp Stock history
OneMedNet Corp 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 OneMedNet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in OneMedNet Corp 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 OneMedNet Corp stock prices may prove useful in developing a viable investing in OneMedNet Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 23.6 M | 24.1 M |
OneMedNet Corp Stock Technical Analysis
OneMedNet Corp 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
OneMedNet Corp Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
OneMedNet Corp 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.
OneMedNet Corp December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how OneMedNet Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OneMedNet Corp shares will generate the highest return on investment. By undertsting and applying OneMedNet Corp stock market strength indicators, traders can identify OneMedNet Corp entry and exit signals to maximize returns
OneMedNet Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OneMedNet Corp's price direction in advance. Along with the technical and fundamental analysis of OneMedNet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OneMedNet 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 | 0.0546 | |||
| Jensen Alpha | 1.3 | |||
| Total Risk Alpha | 0.7218 | |||
| Sortino Ratio | 0.0789 | |||
| Treynor Ratio | 0.2392 |
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Additional Tools for OneMedNet Stock Analysis
When running OneMedNet Corp's price analysis, check to measure OneMedNet Corp'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 OneMedNet Corp is operating at the current time. Most of OneMedNet Corp's value examination focuses on studying past and present price action to predict the probability of OneMedNet Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OneMedNet Corp's price. Additionally, you may evaluate how the addition of OneMedNet Corp to your portfolios can decrease your overall portfolio volatility.