Adagene Stock Price on March 14, 2023
ADAG Stock | USD 2.34 0.03 1.30% |
If you're considering investing in Adagene Stock, it is important to understand the factors that can impact its price. As of today, the current price of Adagene stands at 2.34, as last reported on the 29th of November, with the highest price reaching 2.34 and the lowest price hitting 2.30 during the day. Adagene secures Sharpe Ratio (or Efficiency) of -0.0358, which signifies that the company had a -0.0358% return per unit of standard deviation over the last 3 months. Adagene exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adagene's risk adjusted performance of (0.02), and Mean Deviation of 4.32 to double-check the risk estimate we provide.
Adagene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Adagene |
Sharpe Ratio = -0.0358
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Estimated Market Risk
6.15 actual daily | 54 54% of assets are less volatile |
Expected Return
-0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Adagene 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 Adagene by adding Adagene to a well-diversified portfolio.
Adagene Valuation on March 14, 2023
It is possible to determine the worth of Adagene on a given historical date. On March 14, 2023 Adagene was worth 1.37 at the beginning of the trading date compared to the closed value of 1.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Adagene stock. Still, in general, we apply an absolute valuation method to find Adagene'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 Adagene where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Adagene's related companies.
Open | High | Low | Close | Volume | |
1.36 | 1.45 | 1.25 | 1.36 | 32,499 | |
03/14/2023 | 1.37 | 1.50 | 1.34 | 1.43 | 24,347 |
1.45 | 1.60 | 1.43 | 1.60 | 10,864 |
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Adagene Trading Date Momentum on March 14, 2023
On March 15 2023 Adagene was traded for 1.60 at the closing time. The top price for the day was 1.60 and the lowest listed price was 1.43 . The trading volume for the day was 10.9 K. The trading history from March 15, 2023 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 11.89% . The overall trading delta against the current closing price is 7.69% . |
Adagene Fundamentals Correlations and Trends
By evaluating Adagene'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 Adagene's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Adagene financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Adagene Stock history
Adagene 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 Adagene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Adagene 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 Adagene stock prices may prove useful in developing a viable investing in Adagene
Adagene Inc., a clinical stage biopharmaceutical company, engages in the research, development, and production of monoclonal antibody drugs for cancers. The company was incorporated in 2011 and is headquartered in Suzhou, China. Adagene Inc operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 259 people.
Adagene Stock Technical Analysis
Adagene 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
Adagene Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Adagene 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.
Adagene November 29, 2024 Market Strength
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
Adagene Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Adagene's price direction in advance. Along with the technical and fundamental analysis of Adagene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Adagene 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 | (0.02) | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (1.26) | |||
Treynor Ratio | (1.40) |
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Volume Indicators |
Complementary Tools for Adagene Stock analysis
When running Adagene's price analysis, check to measure Adagene'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 Adagene is operating at the current time. Most of Adagene's value examination focuses on studying past and present price action to predict the probability of Adagene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adagene's price. Additionally, you may evaluate how the addition of Adagene to your portfolios can decrease your overall portfolio volatility.
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