Medicure Stock Price on October 17, 2024
MCUJF Stock | USD 0.68 0.10 17.24% |
If you're considering investing in Medicure Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Medicure stands at 0.68, as last reported on the 27th of November, with the highest price reaching 0.68 and the lowest price hitting 0.64 during the day. Medicure has Sharpe Ratio of -0.0365, which conveys that the firm had a -0.0365% return per unit of risk over the last 3 months. Medicure exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medicure's Risk Adjusted Performance of (0.02), standard deviation of 4.3, and Mean Deviation of 1.55 to check out the risk estimate we provide.
Medicure Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Medicure |
Sharpe Ratio = -0.0365
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Estimated Market Risk
4.37 actual daily | 38 62% of assets are more volatile |
Expected Return
-0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Medicure 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 Medicure by adding Medicure to a well-diversified portfolio.
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Medicure Valuation on October 17, 2024
It is possible to determine the worth of Medicure on a given historical date. On October 17, 2024 Medicure was worth 0.68 at the beginning of the trading date compared to the closed value of 0.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Medicure pink sheet. Still, in general, we apply an absolute valuation method to find Medicure'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 Medicure where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Medicure's related companies.
Open | High | Low | Close | Volume | |
0.68 | 0.68 | 0.68 | 0.68 | 1.00 | |
10/17/2024 | 0.68 | 0.68 | 0.68 | 0.68 | 1.00 |
0.68 | 0.68 | 0.68 | 0.68 | 1.00 |
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Medicure Trading Date Momentum on October 17, 2024
On October 18 2024 Medicure was traded for 0.68 at the closing time. The highest daily price throughout the period was 0.68 and the lowest price was 0.68 . There was no trading activity during the period 1.0. Lack of trading volume on 10/18/2024 did not cause price change. The trading delta at closing time to current closing price is 7.35% . |
Medicure Fundamentals Correlations and Trends
By evaluating Medicure'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 Medicure's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Medicure financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Medicure Pink Sheet history
Medicure 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 Medicure is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Medicure 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 Medicure stock prices may prove useful in developing a viable investing in Medicure
Medicure Inc., a biopharmaceutical company, engages in the research, development, and commercialization of human therapies for the cardiovascular market in Canada and the United States. The company was incorporated in 1997 and is headquartered in Winnipeg, Canada. Medicure is traded on OTC Exchange in the United States.
Medicure Pink Sheet Technical Analysis
Medicure 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
Medicure Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Medicure cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Medicure November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Medicure 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 Medicure shares will generate the highest return on investment. By undertsting and applying Medicure pink sheet market strength indicators, traders can identify Medicure entry and exit signals to maximize returns
Medicure Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Medicure's price direction in advance. Along with the technical and fundamental analysis of Medicure Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Medicure 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 | (0.02) | |||
Jensen Alpha | (0.17) | |||
Total Risk Alpha | (0.84) | |||
Treynor Ratio | (7.41) |
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Volume Indicators |
Complementary Tools for Medicure Pink Sheet analysis
When running Medicure's price analysis, check to measure Medicure'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 Medicure is operating at the current time. Most of Medicure's value examination focuses on studying past and present price action to predict the probability of Medicure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medicure's price. Additionally, you may evaluate how the addition of Medicure to your portfolios can decrease your overall portfolio volatility.
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