Trevena Price on July 8, 2024
TRVNDelisted Stock | USD 1.98 0.18 10.00% |
If you're considering investing in Trevena Stock, it is important to understand the factors that can impact its price. As of today, the current price of Trevena stands at 1.98, as last reported on the 29th of November, with the highest price reaching 2.49 and the lowest price hitting 1.80 during the day. Trevena owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0346, which indicates the firm had a -0.0346% return per unit of risk over the last 3 months. Trevena exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trevena's Risk Adjusted Performance of (0.03), variance of 175.09, and Coefficient Of Variation of (1,753) to confirm the risk estimate we provide.
Trevena Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Trevena |
Sharpe Ratio = -0.0346
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Estimated Market Risk
18.05 actual daily | 96 96% of assets are less volatile |
Expected Return
-0.63 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Trevena 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 Trevena by adding Trevena to a well-diversified portfolio.
Trevena Main Headline on 8th of July 2024
Trevena Announces 2M Non-Dilutive Financing Tranche and Redu... by globenewswire.com
Trevena expects to receive a non-dilutive 2 million tranche and may be eligible for up to an additional 8 million based on OLINVYK US partnering and...
Trevena Valuation on July 8, 2024
It is possible to determine the worth of Trevena on a given historical date. On July 8, 2024 Trevena was worth 5.95 at the beginning of the trading date compared to the closed value of 5.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Trevena stock. Still, in general, we apply an absolute valuation method to find Trevena'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 Trevena where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Trevena's related companies.
Open | High | Low | Close | Volume | |
5.20 | 5.75 | 5.20 | 5.42 | 12,465 | |
07/08/2024 | 5.95 | 6.25 | 5.04 | 5.34 | 181,068 |
5.33 | 5.55 | 5.08 | 5.40 | 20,250 |
Backtest Trevena | | | Trevena History | | | Trevena Valuation | Previous | Next |
Trevena Trading Date Momentum on July 8, 2024
On July 09 2024 Trevena was traded for 5.40 at the closing time. The top price for the day was 5.55 and the lowest listed price was 5.08 . The trading volume for the day was 20.2 K. The trading history from July 9, 2024 was a factor to the next trading day price boost. The trading price change against the next closing price was 1.12% . The trading price change against the current closing price is 12.36% . |
Trevena Fundamentals Correlations and Trends
By evaluating Trevena'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 Trevena's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Trevena financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Trevena Stock history
Trevena 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 Trevena is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Trevena 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 Trevena stock prices may prove useful in developing a viable investing in Trevena
Trevena, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel medicines for patients affected by central nervous system disorders. Trevena, Inc. was incorporated in 2007 and is headquartered in Chesterbrook, Pennsylvania. Trevena operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 43 people.
Trevena Stock Technical Analysis
Trevena 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
Trevena Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Trevena 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.
Trevena November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Trevena stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trevena shares will generate the highest return on investment. By undertsting and applying Trevena stock market strength indicators, traders can identify Trevena entry and exit signals to maximize returns
Trevena Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Trevena's price direction in advance. Along with the technical and fundamental analysis of Trevena Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Trevena 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 | (0.03) | |||
Jensen Alpha | (0.34) | |||
Total Risk Alpha | (2.76) | |||
Treynor Ratio | 0.2095 |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Check out World Market Map 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 real. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Consideration for investing in Trevena Stock
If you are still planning to invest in Trevena 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 Trevena's history and understand the potential risks before investing.
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