Co Diagnostics Stock Price on May 9, 2024
CODX Stock | USD 1.01 0.05 4.72% |
If you're considering investing in CODX Stock, it is important to understand the factors that can impact its price. As of today, the current price of Co Diagnostics stands at 1.01, as last reported on the 25th of November, with the highest price reaching 1.06 and the lowest price hitting 1.00 during the day. Co Diagnostics retains Efficiency (Sharpe Ratio) of -0.18, which signifies that the company had a -0.18% return per unit of price deviation over the last 3 months. Co Diagnostics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Co Diagnostics' Variance of 10.48, market risk adjusted performance of 6.46, and Information Ratio of (0.22) to double-check the risk estimate we provide.
CODX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CODX |
Sharpe Ratio = -0.1774
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Estimated Market Risk
3.24 actual daily | 28 72% of assets are more volatile |
Expected Return
-0.57 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Co Diagnostics 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 Co Diagnostics by adding Co Diagnostics to a well-diversified portfolio.
Co Diagnostics Valuation on May 9, 2024
It is possible to determine the worth of Co Diagnostics on a given historical date. On May 9, 2024 CODX was worth 1.23 at the beginning of the trading date compared to the closed value of 1.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Co Diagnostics stock. Still, in general, we apply an absolute valuation method to find Co Diagnostics' 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 Co Diagnostics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Co Diagnostics' related companies.
Open | High | Low | Close | Volume | |
1.23 | 1.25 | 1.19 | 1.22 | 34,950 | |
05/09/2024 | 1.23 | 1.28 | 1.20 | 1.23 | 38,166 |
1.17 | 1.19 | 1.03 | 1.11 | 151,301 |
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Co Diagnostics Trading Date Momentum on May 9, 2024
On May 10 2024 Co Diagnostics was traded for 1.11 at the closing time. The top price for the day was 1.19 and the lowest listed price was 1.03 . The trading volume for the day was 151.3 K. The trading history from May 10, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 9.76% . The overall trading delta against the current closing price is 9.76% . |
Co Diagnostics Fundamentals Correlations and Trends
By evaluating Co Diagnostics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Co Diagnostics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CODX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Co Diagnostics Stock history
Co Diagnostics 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 CODX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Co Diagnostics 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 Co Diagnostics stock prices may prove useful in developing a viable investing in Co Diagnostics
Co-Diagnostics, Inc., a molecular diagnostics company, develops, manufactures, and sells reagents used for diagnostic tests that function through the detection andor analysis of nucleic acid molecules in the United States and internationally. The company was incorporated in 2013 and is headquartered in Salt Lake City, Utah. Co Diagnostics operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 101 people.
Co Diagnostics Stock Technical Analysis
Co Diagnostics 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
Co Diagnostics Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Co Diagnostics 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.
Co Diagnostics November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Co Diagnostics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Co Diagnostics shares will generate the highest return on investment. By undertsting and applying Co Diagnostics stock market strength indicators, traders can identify Co Diagnostics entry and exit signals to maximize returns
Co Diagnostics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Co Diagnostics' price direction in advance. Along with the technical and fundamental analysis of CODX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CODX 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 | (0.13) | |||
Jensen Alpha | (0.57) | |||
Total Risk Alpha | (1.09) | |||
Treynor Ratio | 6.45 |
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Additional Tools for CODX Stock Analysis
When running Co Diagnostics' price analysis, check to measure Co Diagnostics' 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 Co Diagnostics is operating at the current time. Most of Co Diagnostics' value examination focuses on studying past and present price action to predict the probability of Co Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Co Diagnostics' price. Additionally, you may evaluate how the addition of Co Diagnostics to your portfolios can decrease your overall portfolio volatility.