Immuron (Australia) Price on August 21, 2024
IMC Stock | 0.08 0 5.13% |
If you're considering investing in Immuron Stock, it is important to understand the factors that can impact its price. As of today, the current price of Immuron stands at 0.08, as last reported on the 11th of December 2024, with the highest price reaching 0.08 and the lowest price hitting 0.08 during the day. Immuron holds Efficiency (Sharpe) Ratio of -0.0549, which attests that the entity had a -0.0549% return per unit of risk over the last 3 months. Immuron exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Immuron's Standard Deviation of 3.91, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of 0.3574 to validate the risk estimate we provide.
Immuron Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Immuron |
Sharpe Ratio = -0.0549
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Estimated Market Risk
3.94 actual daily | 35 65% of assets are more volatile |
Expected Return
-0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Immuron 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 Immuron by adding Immuron to a well-diversified portfolio.
Immuron Valuation on August 21, 2024
It is possible to determine the worth of Immuron on a given historical date. On August 21, 2024 Immuron was worth 0.1 at the beginning of the trading date compared to the closed value of 0.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Immuron stock. Still, in general, we apply an absolute valuation method to find Immuron'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 Immuron where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Immuron's related companies.
Open | High | Low | Close | Volume | |
0.11 | 0.11 | 0.10 | 0.10 | 20,400 | |
08/21/2024 | 0.10 | 0.11 | 0.10 | 0.11 | 305,316 |
0.11 | 0.11 | 0.11 | 0.11 | 23,000 |
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Immuron Trading Date Momentum on August 21, 2024
On August 22 2024 Immuron was traded for 0.11 at the closing time. The maximum traded price for the trading interval was 0.11 and the lowest daily price was 0.11 . The daily volume was recorded at 23 K. The volume of trading on 22nd of August 2024 did not cause price change. The trading delta at closing time to the closing price today is 10.00% . |
Immuron Fundamentals Correlations and Trends
By evaluating Immuron'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 Immuron's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Immuron financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Immuron Stock history
Immuron 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 Immuron is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Immuron 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 Immuron stock prices may prove useful in developing a viable investing in Immuron
Immuron Stock Technical Analysis
Immuron 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
Immuron Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Immuron cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.
Immuron December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Immuron stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Immuron shares will generate the highest return on investment. By undertsting and applying Immuron stock market strength indicators, traders can identify Immuron entry and exit signals to maximize returns
Immuron Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Immuron's price direction in advance. Along with the technical and fundamental analysis of Immuron Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Immuron 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 | (0.03) | |||
Jensen Alpha | (0.15) | |||
Total Risk Alpha | (0.84) | |||
Treynor Ratio | 0.3474 |
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Additional Tools for Immuron Stock Analysis
When running Immuron's price analysis, check to measure Immuron'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 Immuron is operating at the current time. Most of Immuron's value examination focuses on studying past and present price action to predict the probability of Immuron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Immuron's price. Additionally, you may evaluate how the addition of Immuron to your portfolios can decrease your overall portfolio volatility.