Mind Medicine Stock Price on November 8, 2024
| MNMD Stock | USD 7.09 0.43 5.72% |
If you're considering investing in Mind Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mind Medicine stands at 7.09, as last reported on the 22nd of November, with the highest price reaching 7.58 and the lowest price hitting 6.99 during the day. Mind Medicine appears to be moderately volatile, given 3 months investment horizon. Mind Medicine has Sharpe Ratio of 0.0719, which conveys that the firm had a 0.0719% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mind Medicine, which you can use to evaluate the volatility of the firm. Please exercise Mind Medicine's Downside Deviation of 3.98, risk adjusted performance of 0.0632, and Mean Deviation of 3.52 to check out if our risk estimates are consistent with your expectations.
Mind Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mind |
Sharpe Ratio = 0.0719
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Estimated Market Risk
| 4.69 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Mind Medicine is performing at about 5% 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 Mind Medicine by adding it to a well-diversified portfolio.
Mind Medicine Valuation on November 8, 2024
It is possible to determine the worth of Mind Medicine on a given historical date. On November 8, 2024 Mind was worth 7.69 at the beginning of the trading date compared to the closed value of 8.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mind Medicine stock. Still, in general, we apply an absolute valuation method to find Mind Medicine'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 Mind Medicine where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mind Medicine's related companies.
| Open | High | Low | Close | Volume | |
| 6.93 | 8.04 | 6.93 | 7.52 | 3,490,775 | |
11/08/2024 | 7.69 | 9.15 | 7.65 | 8.49 | 4,646,798 |
| 8.97 | 9.45 | 8.89 | 8.97 | 2,862,141 |
| Backtest Mind Medicine | | | Mind Medicine History | | | Mind Medicine Valuation | Previous | Next |
Mind Medicine Trading Date Momentum on November 8, 2024
| On November 11 2024 Mind Medicine was traded for 8.97 at the closing time. The top price for the day was 9.45 and the lowest listed price was 8.89 . The trading volume for the day was 2.9 M. The trading history from November 11, 2024 was a factor to the next trading day price growth. The trading delta at closing time against the next closing price was 5.65% . The trading delta at closing time against the current closing price is 7.66% . |
Mind Medicine Fundamentals Correlations and Trends
By evaluating Mind Medicine'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 Mind Medicine's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mind financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mind Medicine Stock history
Mind Medicine 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 Mind is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mind Medicine 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 Mind Medicine stock prices may prove useful in developing a viable investing in Mind Medicine
Mind Medicine Inc., a clinical stage biopharmaceutical company, develops novel products to treat brain health disorders related to psychiatry, addiction, pain, and neurology. It also develops MM-402, a R-enantiomer of 3,4-methylenedioxymethamphetamine for the treatment of core symptoms of autism spectrum disorder. Mind Medicine operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 41 people.
Mind Medicine Stock Technical Analysis
Mind Medicine 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
Mind Medicine Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Mind Medicine cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Mind Medicine November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Mind Medicine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mind Medicine shares will generate the highest return on investment. By undertsting and applying Mind Medicine stock market strength indicators, traders can identify Mind Medicine entry and exit signals to maximize returns
Mind Medicine Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mind Medicine's price direction in advance. Along with the technical and fundamental analysis of Mind Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mind 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 | 0.0632 | |||
| Jensen Alpha | 0.2682 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0572 | |||
| Treynor Ratio | 0.5543 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Mind Stock analysis
When running Mind Medicine's price analysis, check to measure Mind Medicine'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 Mind Medicine is operating at the current time. Most of Mind Medicine's value examination focuses on studying past and present price action to predict the probability of Mind Medicine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind Medicine's price. Additionally, you may evaluate how the addition of Mind Medicine to your portfolios can decrease your overall portfolio volatility.
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