NEIMETH INTERNATIONAL (Nigeria) Price on February 16, 2024
| NEIMETH Stock | 2.05 0.14 7.33% |
If you're considering investing in NEIMETH Stock, it is important to understand the factors that can impact its price. As of today, the current price of NEIMETH INTERNATIONAL stands at 2.05, as last reported on the 18th of December 2024, with the highest price reaching 2.05 and the lowest price hitting 1.91 during the day. NEIMETH INTERNATIONAL is very risky at the moment. NEIMETH INTERNATIONAL has Sharpe Ratio of 0.028, which conveys that the firm had a 0.028% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for NEIMETH INTERNATIONAL, which you can use to evaluate the volatility of the firm. Please verify NEIMETH INTERNATIONAL's mean deviation of 2.13, and Risk Adjusted Performance of 0.0327 to check out if the risk estimate we provide is consistent with the expected return of 0.0916%.
NEIMETH Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NEIMETH |
Sharpe Ratio = 0.028
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Estimated Market Risk
| 3.27 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average NEIMETH INTERNATIONAL is performing at about 2% 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 NEIMETH INTERNATIONAL by adding it to a well-diversified portfolio.
NEIMETH INTERNATIONAL Valuation on February 16, 2024
It is possible to determine the worth of NEIMETH INTERNATIONAL on a given historical date. On February 16, 2024 NEIMETH was worth 1.87 at the beginning of the trading date compared to the closed value of 1.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NEIMETH INTERNATIONAL stock. Still, in general, we apply an absolute valuation method to find NEIMETH INTERNATIONAL'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 NEIMETH INTERNATIONAL where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NEIMETH INTERNATIONAL's related companies.
| Open | High | Low | Close | Volume | |
| 1.87 | 1.87 | 1.87 | 1.87 | 22,500 | |
02/16/2024 | 1.87 | 1.87 | 1.87 | 1.87 | 201,409 |
| 1.85 | 1.85 | 1.85 | 1.85 | 513,900 |
| Backtest NEIMETH INTERNATIONAL | | | NEIMETH INTERNATIONAL History | Previous | Next |
NEIMETH INTERNATIONAL Trading Date Momentum on February 16, 2024
| On February 19 2024 NEIMETH INTERNATIONAL PHARMACEUTICAL was traded for 1.85 at the closing time. The highest price during the trading period was 1.85 and the lowest recorded bid was listed for 1.85 . The volume for the day was 513.9 K. This history from February 19, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.07% . The trading delta at closing time to the current price is 3.74% . |
Price Boundaries
NEIMETH INTERNATIONAL Period Price Range
Low | December 18, 2024
| High |
0.00 | 0.00 |
NEIMETH INTERNATIONAL PHARMACEUTICAL cannot be verified against its exchange. Please verify the symbol is currently traded on Nigerian 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.
NEIMETH INTERNATIONAL December 18, 2024 Market Strength
Market strength indicators help investors to evaluate how NEIMETH INTERNATIONAL stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NEIMETH INTERNATIONAL shares will generate the highest return on investment. By undertsting and applying NEIMETH INTERNATIONAL stock market strength indicators, traders can identify NEIMETH INTERNATIONAL PHARMACEUTICAL entry and exit signals to maximize returns
NEIMETH INTERNATIONAL Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NEIMETH INTERNATIONAL's price direction in advance. Along with the technical and fundamental analysis of NEIMETH Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NEIMETH 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 | 0.0327 | |||
| Jensen Alpha | 0.1001 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0123 | |||
| Treynor Ratio | 1.78 |
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Complementary Tools for NEIMETH Stock analysis
When running NEIMETH INTERNATIONAL's price analysis, check to measure NEIMETH INTERNATIONAL'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 NEIMETH INTERNATIONAL is operating at the current time. Most of NEIMETH INTERNATIONAL's value examination focuses on studying past and present price action to predict the probability of NEIMETH INTERNATIONAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEIMETH INTERNATIONAL's price. Additionally, you may evaluate how the addition of NEIMETH INTERNATIONAL to your portfolios can decrease your overall portfolio volatility.
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