Work Medical Technology Stock Price on November 8, 2024
| WOK Stock | 5.46 0.75 15.92% |
If you're considering investing in WORK Stock, it is important to understand the factors that can impact its price. As of today, the current price of WORK Medical stands at 5.46, as last reported on the 14th of December 2024, with the highest price reaching 5.65 and the lowest price hitting 4.38 during the day. WORK Medical appears to be risky, given 3 months investment horizon. WORK Medical Technology shows Sharpe Ratio of 0.0881, which attests that the company had a 0.0881% return per unit of standard deviation over the last 3 months. By analyzing WORK Medical's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize WORK Medical's Mean Deviation of 4.39, downside deviation of 5.4, and Risk Adjusted Performance of 0.0414 to validate if our risk estimates are consistent with your expectations.
Issuance Of Capital Stock is expected to rise to about 953.1 K this year, although the value of Total Stockholder Equity will most likely fall to about 9.6 M. . WORK Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
WORK |
Sharpe Ratio = 0.0881
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Estimated Market Risk
| 6.23 actual daily | 55 55% of assets are less volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average WORK Medical is performing at about 6% 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 WORK Medical by adding it to a well-diversified portfolio.
WORK Medical Valuation on November 8, 2024
It is possible to determine the worth of WORK Medical on a given historical date. On November 8, 2024 WORK was worth 5.84 at the beginning of the trading date compared to the closed value of 5.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of WORK Medical stock. Still, in general, we apply an absolute valuation method to find WORK Medical'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 WORK Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against WORK Medical's related companies.
| Open | High | Low | Close | Volume | |
| 5.98 | 6.23 | 5.76 | 6.23 | 14,600 | |
11/08/2024 | 5.84 | 6.18 | 5.60 | 5.67 | 41,937 |
| 5.49 | 5.84 | 5.28 | 5.45 | 69,166 |
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WORK Medical Trading Date Momentum on November 8, 2024
| On November 11 2024 WORK Medical Technology was traded for 5.45 at the closing time. Highest WORK Medical's price during the trading hours was 5.84 and the lowest price during the day was 5.28 . The net volume was 69.2 K. The overall trading history on the 11th of November 2024 contributed to the next trading period price depreciation. The trading price change to the next next day price was 3.88% . The trading price change to current price is 9.70% . |
WORK Medical Technology Fundamentals Correlations and Trends
By evaluating WORK Medical'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 WORK Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. WORK financial account trend analysis is a perfect complement when working with valuation or volatility modules.About WORK Medical Stock history
WORK Medical 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 WORK is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in WORK Medical Technology 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 WORK Medical stock prices may prove useful in developing a viable investing in WORK Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 13.1 M | 11.6 M |
WORK Medical Stock Technical Analysis
WORK Medical 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
WORK Medical Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
WORK Medical Technology 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.
WORK Medical December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how WORK Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading WORK Medical shares will generate the highest return on investment. By undertsting and applying WORK Medical stock market strength indicators, traders can identify WORK Medical Technology entry and exit signals to maximize returns
WORK Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for WORK Medical's price direction in advance. Along with the technical and fundamental analysis of WORK Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of WORK 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 | 0.0414 | |||
| Jensen Alpha | 0.3071 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0341 | |||
| Treynor Ratio | (0.74) |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WORK Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WORK Medical. If investors know WORK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WORK Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of WORK Medical Technology is measured differently than its book value, which is the value of WORK that is recorded on the company's balance sheet. Investors also form their own opinion of WORK Medical's value that differs from its market value or its book value, called intrinsic value, which is WORK Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WORK Medical's market value can be influenced by many factors that don't directly affect WORK Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WORK Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if WORK Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WORK Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.