Pardes Biosciences Price on May 17, 2023
PRDSDelisted Stock | USD 2.14 0.01 0.47% |
If you're considering investing in Pardes Stock, it is important to understand the factors that can impact its price. As of today, the current price of Pardes Biosciences stands at 2.14, as last reported on the 27th of November, with the highest price reaching 2.14 and the lowest price hitting 2.12 during the day. We have found twenty-nine technical indicators for Pardes Biosciences, which you can use to evaluate the volatility of the company. Please check Pardes Biosciences' Risk Adjusted Performance of 0.112, coefficient of variation of 730.05, and Semi Deviation of 1.66 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%.
Pardes Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
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Sharpe Ratio = 0.0
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Based on monthly moving average Pardes Biosciences 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 Pardes Biosciences by adding Pardes Biosciences to a well-diversified portfolio.
Related Headline
Nuvation Bio Headline on 17th of May 2023
Filed transaction by Nuvation Bio Inc director. Grant, award or other acquisition pursuant to Rule 16b-3(d)
Pardes Biosciences Valuation on May 17, 2023
It is possible to determine the worth of Pardes Biosciences on a given historical date. On May 17, 2023 Pardes was worth 1.94 at the beginning of the trading date compared to the closed value of 1.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Pardes Biosciences stock. Still, in general, we apply an absolute valuation method to find Pardes Biosciences' 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 Pardes Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Pardes Biosciences' related companies.
Open | High | Low | Close | Volume | |
1.89 | 1.94 | 1.88 | 1.93 | 50,629 | |
05/17/2023 | 1.94 | 1.94 | 1.87 | 1.90 | 94,390 |
1.88 | 1.93 | 1.87 | 1.93 | 84,337 |
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Pardes Biosciences Trading Date Momentum on May 17, 2023
On May 18 2023 Pardes Biosciences was traded for 1.93 at the closing time. The top price for the day was 1.93 and the lowest listed price was 1.87 . The trading volume for the day was 84.3 K. The trading history from May 18, 2023 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 1.58% . The trading delta at closing time against the current closing price is 1.05% . |
Pardes Biosciences Fundamentals Correlations and Trends
By evaluating Pardes Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Pardes Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Pardes financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Pardes Biosciences Stock history
Pardes Biosciences 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 Pardes is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Pardes Biosciences 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 Pardes Biosciences stock prices may prove useful in developing a viable investing in Pardes Biosciences
Pardes Biosciences, Inc., a clinical stage biopharmaceutical company, focuses on discovering, developing, and commercializing novel therapeutics to improve the lives of patients suffering from life-threatening disease. The company was incorporated in 2020 and is headquartered in Carlsbad, California. Pardes Biosciences operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 61 people.
Pardes Biosciences Stock Technical Analysis
Pardes Biosciences 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Pardes Biosciences Period Price Range
Low | November 27, 2024
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0.00 | 0.00 |
Pardes Biosciences 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.
Pardes Biosciences November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Pardes Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pardes Biosciences shares will generate the highest return on investment. By undertsting and applying Pardes Biosciences stock market strength indicators, traders can identify Pardes Biosciences entry and exit signals to maximize returns
Pardes Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Pardes Biosciences' price direction in advance. Along with the technical and fundamental analysis of Pardes Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Pardes 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 | 0.112 | |||
Jensen Alpha | 0.3953 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.1214 | |||
Treynor Ratio | (2.44) |
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Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Other Consideration for investing in Pardes Stock
If you are still planning to invest in Pardes Biosciences check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Pardes Biosciences' history and understand the potential risks before investing.
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