Ovation Science Stock Price on November 1, 2024
OVATF Stock | USD 0.01 0.02 64.81% |
If you're considering investing in Ovation Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Ovation Science stands at 0.01, as last reported on the 16th of December 2024, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. Ovation Science maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Ovation Science exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ovation Science's Variance of 80.45, coefficient of variation of (597.17), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide.
Ovation Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Ovation |
Sharpe Ratio = -0.1688
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Estimated Market Risk
9.04 actual daily | 80 80% of assets are less volatile |
Expected Return
-1.53 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 Ovation Science 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 Ovation Science by adding Ovation Science to a well-diversified portfolio.
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Ovation Science Valuation on November 1, 2024
It is possible to determine the worth of Ovation Science on a given historical date. On November 1, 2024 Ovation was worth 0.0437 at the beginning of the trading date compared to the closed value of 0.0437. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ovation Science pink sheet. Still, in general, we apply an absolute valuation method to find Ovation Science'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 Ovation Science where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ovation Science's related companies.
Open | High | Low | Close | Volume | |
0.04 | 0.04 | 0.04 | 0.04 | 1.00 | |
11/01/2024 | 0.04 | 0.04 | 0.04 | 0.04 | 1.00 |
0.04 | 0.04 | 0.04 | 0.04 | 1.00 |
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Ovation Science Trading Date Momentum on November 1, 2024
On November 04 2024 Ovation Science was traded for 0.04 at the closing time. The highest daily price throughout the period was 0.04 and the lowest price was 0.04 . There was no trading activity during the period 1.0. Lack of trading volume on 11/04/2024 did not cause price change. The trading delta at closing time to current closing price is 34.32% . |
Ovation Science Fundamentals Correlations and Trends
By evaluating Ovation Science'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 Ovation Science's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ovation financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ovation Science Pink Sheet history
Ovation Science 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 Ovation is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ovation Science 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 Ovation Science stock prices may prove useful in developing a viable investing in Ovation Science
Ovation Science Inc. engages in the production of cannabis or hemp products in Canada, the United States, and Mexico. Ovation Science Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada. Ovation Science is traded on OTC Exchange in the United States.
Ovation Science Pink Sheet Technical Analysis
Ovation Science technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Ovation Science Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
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Ovation Science December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Ovation Science pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ovation Science shares will generate the highest return on investment. By undertsting and applying Ovation Science pink sheet market strength indicators, traders can identify Ovation Science entry and exit signals to maximize returns
Ovation Science Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ovation Science's price direction in advance. Along with the technical and fundamental analysis of Ovation Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ovation 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 | (0.11) | |||
Jensen Alpha | (1.37) | |||
Total Risk Alpha | (2.63) | |||
Treynor Ratio | 0.9363 |
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Complementary Tools for Ovation Pink Sheet analysis
When running Ovation Science's price analysis, check to measure Ovation Science'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 Ovation Science is operating at the current time. Most of Ovation Science's value examination focuses on studying past and present price action to predict the probability of Ovation Science's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovation Science's price. Additionally, you may evaluate how the addition of Ovation Science to your portfolios can decrease your overall portfolio volatility.
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