Onward Medical (Belgium) Price on September 9, 2024
| ONWD Stock | 4.75 0.09 1.93% |
If you're considering investing in Onward Stock, it is important to understand the factors that can impact its price. As of today, the current price of Onward Medical stands at 4.75, as last reported on the 23rd of November, with the highest price reaching 4.77 and the lowest price hitting 4.66 during the day. Currently, Onward Medical NV is moderately volatile. Onward Medical NV maintains Sharpe Ratio (i.e., Efficiency) of 0.0204, which implies the firm had a 0.0204% return per unit of risk over the last 3 months. We have found thirty technical indicators for Onward Medical NV, which you can use to evaluate the volatility of the company. Please check Onward Medical's Risk Adjusted Performance of 0.0128, coefficient of variation of 13912.68, and Semi Deviation of 3.24 to confirm if the risk estimate we provide is consistent with the expected return of 0.0584%.
Onward Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Onward |
Sharpe Ratio = 0.0204
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Estimated Market Risk
| 2.86 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Onward Medical is performing at about 1% 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 Onward Medical by adding it to a well-diversified portfolio.
Onward Medical Valuation on September 9, 2024
It is possible to determine the worth of Onward Medical on a given historical date. On September 9, 2024 Onward was worth 4.69 at the beginning of the trading date compared to the closed value of 4.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Onward Medical stock. Still, in general, we apply an absolute valuation method to find Onward Medical'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 Onward Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Onward Medical's related companies.
| Open | High | Low | Close | Volume | |
| 4.75 | 4.75 | 4.61 | 4.70 | 14,594 | |
09/09/2024 | 4.69 | 4.73 | 4.64 | 4.73 | 9,422 |
| 4.70 | 4.80 | 4.65 | 4.79 | 12,651 |
| Backtest Onward Medical | | | Onward Medical History | Previous | Next |
Onward Medical Trading Date Momentum on September 9, 2024
| On September 10 2024 Onward Medical NV was traded for 4.79 at the closing time. The highest price during the trading period was 4.80 and the lowest recorded bid was listed for 4.65 . The volume for the day was 12.7 K. This history from September 10, 2024 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 1.27% . The trading delta at closing time to the current price is 1.06% . |
Price Boundaries
Onward Medical Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
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Onward Medical November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Onward Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Onward Medical shares will generate the highest return on investment. By undertsting and applying Onward Medical stock market strength indicators, traders can identify Onward Medical NV entry and exit signals to maximize returns
Onward Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Onward Medical's price direction in advance. Along with the technical and fundamental analysis of Onward Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Onward 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 | 0.0128 | |||
| Jensen Alpha | 0.0122 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.84) |
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Additional Tools for Onward Stock Analysis
When running Onward Medical's price analysis, check to measure Onward Medical'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 Onward Medical is operating at the current time. Most of Onward Medical's value examination focuses on studying past and present price action to predict the probability of Onward Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onward Medical's price. Additionally, you may evaluate how the addition of Onward Medical to your portfolios can decrease your overall portfolio volatility.