Eton Pharmaceuticals Stock Price on May 8, 2024
If you're considering investing in Eton Stock, it is important to understand the factors that can impact its price. Eton Pharmaceuticals is somewhat reliable given 3 months investment horizon. Eton Pharmaceuticals secures Sharpe Ratio (or Efficiency) of 0.42, which denotes the company had a 0.42% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.71% are justified by taking the suggested risk. Use Eton Pharmaceuticals Coefficient Of Variation of 238.26, mean deviation of 2.74, and Downside Deviation of 3.18 to evaluate company specific risk that cannot be diversified away.
As of the 29th of November 2024, Total Stockholder Equity is likely to drop to about 12.7 M. In addition to that, Common Stock Total Equity is likely to drop to about 20 K. At this time, Eton Pharmaceuticals' Price Fair Value is very stable compared to the past year. Eton Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Eton |
Sharpe Ratio = 0.4197
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Estimated Market Risk
| 4.07 actual daily | 36 64% of assets are more volatile |
Expected Return
| 1.71 actual daily | 34 66% of assets have higher returns |
Risk-Adjusted Return
| 0.42 actual daily | 33 67% of assets perform better |
Based on monthly moving average Eton Pharmaceuticals is performing at about 33% 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 Eton Pharmaceuticals by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Eton Pharmaceuticals Stock history
Eton Pharmaceuticals 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 Eton is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eton Pharmaceuticals 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 Eton Pharmaceuticals stock prices may prove useful in developing a viable investing in Eton Pharmaceuticals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 25.6 M | 21.6 M | |
| Net Loss | -10.4 M | -10.9 M |
Eton Pharmaceuticals Stock Technical Analysis
Eton Pharmaceuticals 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
Eton Pharmaceuticals Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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Eton Pharmaceuticals November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Eton Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eton Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Eton Pharmaceuticals stock market strength indicators, traders can identify Eton Pharmaceuticals entry and exit signals to maximize returns
Eton Pharmaceuticals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eton Pharmaceuticals' price direction in advance. Along with the technical and fundamental analysis of Eton Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eton 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 | 0.3206 | |||
| Jensen Alpha | 1.72 | |||
| Total Risk Alpha | 0.946 | |||
| Sortino Ratio | 0.49 | |||
| Treynor Ratio | (10.18) |
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Tools for Eton Stock
When running Eton Pharmaceuticals' price analysis, check to measure Eton Pharmaceuticals' 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 Eton Pharmaceuticals is operating at the current time. Most of Eton Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Eton Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eton Pharmaceuticals' price. Additionally, you may evaluate how the addition of Eton Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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