Adagene Stock Forecast - Treynor Ratio
| ADAG Stock | USD 2.27 0.08 3.65% |
Adagene Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Adagene's historical fundamentals, such as revenue growth or operating cash flow patterns.
Adagene |
| Check Adagene Volatility | Backtest Adagene | Information Ratio |
Adagene Trading Date Momentum
| On November 26 2024 Adagene was traded for 2.27 at the closing time. The top price for the day was 2.47 and the lowest listed price was 2.15 . There was no trading activity during the period 0.0. Lack of trading volume on November 26, 2024 did not affect price variability. The overall trading delta against the current closing price is 5.29% . |
| Compare Adagene to competition |
Other Forecasting Options for Adagene
For every potential investor in Adagene, whether a beginner or expert, Adagene's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Adagene Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Adagene. Basic forecasting techniques help filter out the noise by identifying Adagene's price trends.Adagene Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Adagene stock to make a market-neutral strategy. Peer analysis of Adagene could also be used in its relative valuation, which is a method of valuing Adagene by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Adagene Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Adagene's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Adagene's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Adagene Market Strength Events
Market strength indicators help investors to evaluate how Adagene stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Adagene shares will generate the highest return on investment. By undertsting and applying Adagene stock market strength indicators, traders can identify Adagene entry and exit signals to maximize returns.
| Accumulation Distribution | 0.13 | |||
| Daily Balance Of Power | 0.25 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 2.31 | |||
| Day Typical Price | 2.3 | |||
| Market Facilitation Index | 0.32 | |||
| Period Momentum Indicator | 0.08 |
Adagene Risk Indicators
The analysis of Adagene's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Adagene's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting adagene stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.38 | |||
| Standard Deviation | 6.15 | |||
| Variance | 37.8 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
When determining whether Adagene is a strong investment it is important to analyze Adagene's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Adagene's future performance. For an informed investment choice regarding Adagene Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Adagene to cross-verify your projections. For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Biotechnology 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 Adagene. If investors know Adagene 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 Adagene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.72) | Revenue Per Share 0.019 | Quarterly Revenue Growth (0.85) | Return On Assets (0.20) | Return On Equity (0.46) |
The market value of Adagene is measured differently than its book value, which is the value of Adagene that is recorded on the company's balance sheet. Investors also form their own opinion of Adagene's value that differs from its market value or its book value, called intrinsic value, which is Adagene'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 Adagene's market value can be influenced by many factors that don't directly affect Adagene'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 Adagene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adagene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adagene'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.