Purple Biotech (Israel) Price on July 2, 2024
KTOV Stock | ILA 6.80 1.70 33.33% |
If you're considering investing in Purple Stock, it is important to understand the factors that can impact its price. As of today, the current price of Purple Biotech stands at 6.80, as last reported on the 1st of December, with the highest price reaching 7.10 and the lowest price hitting 5.70 during the day. Purple Biotech maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the firm had a -0.21% return per unit of risk over the last 3 months. Purple Biotech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Purple Biotech's Coefficient Of Variation of (697.87), risk adjusted performance of (0.10), and Variance of 44.43 to confirm the risk estimate we provide.
Purple Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Purple |
Sharpe Ratio = -0.2109
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Estimated Market Risk
7.52 actual daily | 66 66% of assets are less volatile |
Expected Return
-1.59 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Purple Biotech 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 Purple Biotech by adding Purple Biotech to a well-diversified portfolio.
Purple Biotech Valuation on July 2, 2024
It is possible to determine the worth of Purple Biotech on a given historical date. On July 2, 2024 Purple was worth 14.9 at the beginning of the trading date compared to the closed value of 15.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Purple Biotech stock. Still, in general, we apply an absolute valuation method to find Purple Biotech'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 Purple Biotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Purple Biotech's related companies.
Open | High | Low | Close | Volume | |
16.70 | 17.00 | 14.10 | 15.60 | 790,082 | |
07/02/2024 | 14.90 | 15.90 | 14.80 | 15.80 | 167,930 |
15.10 | 15.20 | 15.00 | 15.00 | 295,215 |
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Purple Biotech Trading Date Momentum on July 2, 2024
On July 03 2024 Purple Biotech was traded for 15.00 at the closing time. The highest price during the trading period was 15.20 and the lowest recorded bid was listed for 15.00 . The volume for the day was 295.2 K. This history from July 3, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 5.06% . The trading delta at closing time to the current price is 0.63% . |
Purple Biotech Fundamentals Correlations and Trends
By evaluating Purple Biotech'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 Purple Biotech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Purple financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Purple Biotech Stock history
Purple Biotech 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 Purple is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Purple Biotech 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 Purple Biotech stock prices may prove useful in developing a viable investing in Purple Biotech
Kitov Pharma Ltd, a clinical-stage pharmaceutical company, focuses on the development and commercialization of various pharmaceutical drugs. The company was formerly known as Kitov Pharmaceuticals Holdings Ltd. and changed its name to Kitov Pharma Ltd in January 2018. KITOV PHARMA operates under Biotechnology classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 9 people.
Purple Biotech Stock Technical Analysis
Purple Biotech 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
Purple Biotech Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Purple Biotech cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock 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.
Purple Biotech December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Purple Biotech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Purple Biotech shares will generate the highest return on investment. By undertsting and applying Purple Biotech stock market strength indicators, traders can identify Purple Biotech entry and exit signals to maximize returns
Purple Biotech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Purple Biotech's price direction in advance. Along with the technical and fundamental analysis of Purple Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Purple 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 | (0.10) | |||
Jensen Alpha | (1.01) | |||
Total Risk Alpha | (2.08) | |||
Treynor Ratio | (3.07) |
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Volume Indicators |
Complementary Tools for Purple Stock analysis
When running Purple Biotech's price analysis, check to measure Purple Biotech'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 Purple Biotech is operating at the current time. Most of Purple Biotech's value examination focuses on studying past and present price action to predict the probability of Purple Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purple Biotech's price. Additionally, you may evaluate how the addition of Purple Biotech to your portfolios can decrease your overall portfolio volatility.
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