Adex Mining Stock Price on January 2, 2024
| ADXDF Stock | USD 0.01 0.00 0.00% |
If you're considering investing in Adex Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Adex Mining stands at 0.01, as last reported on the 22nd of November, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. Adex Mining is out of control given 3 months investment horizon. Adex Mining secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We were able to break down sixteen different technical indicators, which can help you to evaluate if expected returns of 7.85% are justified by taking the suggested risk. Use Adex Mining risk adjusted performance of 0.1085, and Mean Deviation of 19.08 to evaluate company specific risk that cannot be diversified away.
Adex Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Adex |
Sharpe Ratio = 0.1313
| Best Portfolio | Best Equity | ADXDF | ||
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Estimated Market Risk
| 59.73 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Adex Mining is performing at about 10% 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 Adex Mining by adding it to a well-diversified portfolio.
Adex Mining Valuation on January 2, 2024
It is possible to determine the worth of Adex Mining on a given historical date. On January 2, 2024 Adex was worth 0.007 at the beginning of the trading date compared to the closed value of 0.007. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Adex Mining pink sheet. Still, in general, we apply an absolute valuation method to find Adex Mining'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 Adex Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Adex Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.01 | 0.01 | 0.01 | 0.01 | 1.00 | |
01/02/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 1.00 |
| 0.01 | 0.01 | 0.01 | 0.01 | 1.00 |
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Adex Mining Trading Date Momentum on January 2, 2024
| On January 03 2024 Adex Mining was traded for 0.01 at the closing time. The highest daily price throughout the period was 0.01 and the lowest price was 0.01 . There was no trading activity during the period 1.0. Lack of trading volume on 01/03/2024 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
Adex Mining Fundamentals Correlations and Trends
By evaluating Adex Mining'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 Adex Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Adex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Adex Mining Pink Sheet history
Adex Mining 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 Adex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Adex Mining 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 Adex Mining stock prices may prove useful in developing a viable investing in Adex Mining
Adex Mining Inc. engages in the exploration and development of mineral properties in Canada. Adex Mining Inc. is a subsidiary of Great Harvest Canadian Investment Company Limited. Adex Mining operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Adex Mining Pink Sheet Technical Analysis
Adex Mining 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
Adex Mining Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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Adex Mining November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Adex Mining 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 Adex Mining shares will generate the highest return on investment. By undertsting and applying Adex Mining pink sheet market strength indicators, traders can identify Adex Mining entry and exit signals to maximize returns
Adex Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Adex Mining's price direction in advance. Along with the technical and fundamental analysis of Adex Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Adex 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 | 0.1085 | |||
| Jensen Alpha | 7.81 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (3.60) |
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| Volume Indicators |
Complementary Tools for Adex Pink Sheet analysis
When running Adex Mining's price analysis, check to measure Adex Mining'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 Adex Mining is operating at the current time. Most of Adex Mining's value examination focuses on studying past and present price action to predict the probability of Adex Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adex Mining's price. Additionally, you may evaluate how the addition of Adex Mining to your portfolios can decrease your overall portfolio volatility.
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