Ovid Therapeutics Stock Price on March 11, 2024

OVID Stock  USD 0.74  0.01  1.37%   
If you're considering investing in Ovid Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ovid Therapeutics stands at 0.74, as last reported on the 21st of January, with the highest price reaching 0.79 and the lowest price hitting 0.72 during the day. Ovid Therapeutics maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2 % return per unit of risk over the last 3 months. Ovid Therapeutics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ovid Therapeutics' Coefficient Of Variation of (514.54), variance of 12.95, and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide.
  
Ovid Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2017

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsOVID

Estimated Market Risk

 3.65
  actual daily
32
68% of assets are more volatile

Expected Return

 -0.74
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.2
  actual daily
0
Most of other assets perform better
Based on monthly moving average Ovid Therapeutics 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 Ovid Therapeutics by adding Ovid Therapeutics to a well-diversified portfolio.

Ovid Therapeutics Valuation on March 11, 2024

It is possible to determine the worth of Ovid Therapeutics on a given historical date. On March 11, 2024 Ovid was worth 3.07 at the beginning of the trading date compared to the closed value of 2.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ovid Therapeutics stock. Still, in general, we apply an absolute valuation method to find Ovid Therapeutics' 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 Ovid Therapeutics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ovid Therapeutics' related companies.
 Open High Low Close Volume
  3.12    3.23    3.07    3.08    96,107  
03/11/2024
  3.07    3.10    2.92    2.94    94,949  
  2.95    3.05    2.80    2.83    172,815  
Backtest Ovid Therapeutics  |  Ovid Therapeutics History  |  Ovid Therapeutics Valuation   PreviousNext  
Open Value
3.07
2.94
Closing Value
14.03
Upside

Ovid Therapeutics Trading Date Momentum on March 11, 2024

On March 12 2024 Ovid Therapeutics was traded for  2.83  at the closing time. The top price for the day was 3.05  and the lowest listed price was  2.80 . The trading volume for the day was 172.8 K. The trading history from March 12, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.74% . The trading delta at closing time against the current closing price is 1.70% .

Ovid Therapeutics Fundamentals Correlations and Trends

By evaluating Ovid Therapeutics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ovid Therapeutics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ovid financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Ovid Therapeutics Stock history

Ovid Therapeutics 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 Ovid is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ovid Therapeutics 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 Ovid Therapeutics stock prices may prove useful in developing a viable investing in Ovid Therapeutics
Ovid Therapeutics Inc., a biopharmaceutical company, develops impactful medicines for patients and families with neurological disorders in the United States. The company was incorporated in 2014 and is headquartered in New York, New York. Ovid Therapeutics operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 44 people.

Ovid Therapeutics Stock Technical Analysis

Ovid Therapeutics 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.
A focus of Ovid Therapeutics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ovid Therapeutics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Ovid Therapeutics Period Price Range

Low
January 21, 2025
0.00  NaN%
High

 0.00 

     

 0.00 

Ovid Therapeutics 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.

Ovid Therapeutics January 21, 2025 Market Strength

Market strength indicators help investors to evaluate how Ovid Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ovid Therapeutics shares will generate the highest return on investment. By undertsting and applying Ovid Therapeutics stock market strength indicators, traders can identify Ovid Therapeutics entry and exit signals to maximize returns

Ovid Therapeutics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Ovid Therapeutics' price direction in advance. Along with the technical and fundamental analysis of Ovid Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ovid 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.

Complementary Tools for Ovid Stock analysis

When running Ovid Therapeutics' price analysis, check to measure Ovid Therapeutics' 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 Ovid Therapeutics is operating at the current time. Most of Ovid Therapeutics' value examination focuses on studying past and present price action to predict the probability of Ovid Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovid Therapeutics' price. Additionally, you may evaluate how the addition of Ovid Therapeutics to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Global Correlations
Find global opportunities by holding instruments from different markets
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators