Evelo Biosciences Price on May 20, 2024
EVLODelisted Stock | USD 8.23 2.68 24.56% |
If you're considering investing in Evelo Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Evelo Biosciences stands at 8.23, as last reported on the 26th of November, with the highest price reaching 10.95 and the lowest price hitting 8.10 during the day. We have found twenty-nine technical indicators for Evelo Biosciences, which you can use to evaluate the volatility of the firm. Please confirm Evelo Biosciences' Downside Deviation of 13.06, coefficient of variation of 675.8, and Mean Deviation of 14.3 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
Evelo Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
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Sharpe Ratio = 0.0
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Based on monthly moving average Evelo Biosciences 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 Evelo Biosciences by adding Evelo Biosciences 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 Evelo Biosciences Pink Sheet history
Evelo Biosciences 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 Evelo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Evelo Biosciences 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 Evelo Biosciences stock prices may prove useful in developing a viable investing in Evelo Biosciences
Evelo Biosciences, Inc., a biotechnology company, discovers and develops oral biologics for the treatment of inflammatory diseases and cancer. Evelo Biosciences, Inc. was incorporated in 2014 and is headquartered in Cambridge, Massachusetts. Evelo Biosciences operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 122 people.
Evelo Biosciences Pink Sheet Technical Analysis
Evelo Biosciences 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
Evelo Biosciences Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
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Evelo Biosciences November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Evelo Biosciences 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 Evelo Biosciences shares will generate the highest return on investment. By undertsting and applying Evelo Biosciences pink sheet market strength indicators, traders can identify Evelo Biosciences entry and exit signals to maximize returns
Evelo Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Evelo Biosciences' price direction in advance. Along with the technical and fundamental analysis of Evelo Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Evelo 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 | 0.1227 | |||
Jensen Alpha | 4.03 | |||
Total Risk Alpha | (0.17) | |||
Sortino Ratio | 0.2377 | |||
Treynor Ratio | (0.47) |
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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 bureau of economic analysis. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in Evelo Pink Sheet
If you are still planning to invest in Evelo Biosciences check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Evelo Biosciences' history and understand the potential risks before investing.
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