Opthea Stock Price on December 4, 2024
| CKDXF Stock | USD 0.44 0.00 0.00% |
If you're considering investing in Opthea Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Opthea stands at 0.44, as last reported on the 4th of December, with the highest price reaching 0.44 and the lowest price hitting 0.44 during the day. Opthea is out of control given 3 months investment horizon. Opthea maintains Sharpe Ratio (i.e., Efficiency) of 0.0933, which implies the firm had a 0.0933% return per unit of risk over the last 3 months. We have analyzed and interpolated seventeen different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Opthea Coefficient Of Variation of 1096.68, variance of 150.15, and Risk Adjusted Performance of 0.079 to evaluate company specific risk that cannot be diversified away.
Opthea Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Opthea |
Sharpe Ratio = 0.0933
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | CKDXF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 12.54 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.17 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Opthea is performing at about 7% 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 Opthea by adding it to a well-diversified portfolio.
Opthea Valuation on December 4, 2024
It is possible to determine the worth of Opthea on a given historical date. On December 4, 2024 Opthea was worth 0.44 at the beginning of the trading date compared to the closed value of 0.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Opthea pink sheet. Still, in general, we apply an absolute valuation method to find Opthea'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 Opthea where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Opthea's related companies.
| Open | High | Low | Close | Volume | |
| 0.44 | 0.44 | 0.44 | 0.44 | 1.00 | |
12/04/2024 | 0.44 | 0.44 | 0.44 | 0.44 | 0.00 |
| Backtest Opthea | | | Opthea History | | | Opthea Valuation | Previous |
Opthea Trading Date Momentum on December 4, 2024
| On December 04 2024 Opthea was traded for 0.44 at the closing time. The highest daily price throughout the period was 0.44 and the lowest price was 0.44 . There was no trading activity during the period 0.0. Lack of trading volume on 12/04/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
Opthea Fundamentals Correlations and Trends
By evaluating Opthea'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 Opthea's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Opthea financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Opthea Pink Sheet history
Opthea 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 Opthea is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Opthea 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 Opthea stock prices may prove useful in developing a viable investing in Opthea
Opthea Pink Sheet Technical Analysis
Opthea 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
Opthea Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Opthea cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Opthea December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Opthea 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 Opthea shares will generate the highest return on investment. By undertsting and applying Opthea pink sheet market strength indicators, traders can identify Opthea entry and exit signals to maximize returns
Opthea Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Opthea's price direction in advance. Along with the technical and fundamental analysis of Opthea Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Opthea 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 | 0.079 | |||
| Jensen Alpha | 0.9879 | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 0.9577 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Opthea Pink Sheet analysis
When running Opthea's price analysis, check to measure Opthea'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 Opthea is operating at the current time. Most of Opthea's value examination focuses on studying past and present price action to predict the probability of Opthea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opthea's price. Additionally, you may evaluate how the addition of Opthea to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |