Velan Inc Stock Price on September 23, 2024
| VLNSF Stock | USD 7.44 0.06 0.81% |
If you're considering investing in Velan Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Velan stands at 7.44, as last reported on the 12th of December 2024, with the highest price reaching 7.44 and the lowest price hitting 7.44 during the day. Velan appears to be moderately volatile, given 3 months investment horizon. Velan Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Velan's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please review Velan's Risk Adjusted Performance of 0.143, coefficient of variation of 536.72, and Semi Deviation of 1.5 to confirm if our risk estimates are consistent with your expectations.
Velan Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Velan |
Sharpe Ratio = 0.1893
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | VLNSF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.59 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.87 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Velan is performing at about 14% 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 Velan by adding it to a well-diversified portfolio.
Velan Valuation on September 23, 2024
It is possible to determine the worth of Velan on a given historical date. On September 23, 2024 Velan was worth 4.54 at the beginning of the trading date compared to the closed value of 4.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Velan pink sheet. Still, in general, we apply an absolute valuation method to find Velan'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 Velan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Velan's related companies.
| Open | High | Low | Close | Volume | |
| 4.34 | 4.54 | 4.34 | 4.54 | 500.00 | |
09/23/2024 | 4.54 | 4.54 | 4.54 | 4.54 | 1.00 |
| 5.74 | 5.74 | 5.74 | 5.74 | 100.00 |
| Backtest Velan | | | Velan History | | | Velan Valuation | Previous | Next |
Velan Trading Date Momentum on September 23, 2024
| On September 24 2024 Velan Inc was traded for 5.74 at the closing time. The highest daily price throughout the period was 5.74 and the lowest price was 5.74 . The daily volume was 100.0. The net trading volume on 09/24/2024 added to the next day price rise. The trading price change to closing price of the next trading day was 26.43% . The trading price change to current closing price is 26.43% . |
Velan Inc Fundamentals Correlations and Trends
By evaluating Velan'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 Velan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Velan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Velan Pink Sheet history
Velan 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 Velan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Velan Inc 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 Velan stock prices may prove useful in developing a viable investing in Velan
Velan Inc. designs, manufactures, and markets industrial valves worldwide. Velan Inc. was founded in 1950 and is headquartered in Montral, Canada. Velan operates under Specialty Industrial Machinery classification in the United States and is traded on OTC Exchange. It employs 1658 people.
Velan Pink Sheet Technical Analysis
Velan technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Velan Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Velan Inc cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Velan December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Velan pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Velan shares will generate the highest return on investment. By undertsting and applying Velan pink sheet market strength indicators, traders can identify Velan Inc entry and exit signals to maximize returns
Velan Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Velan's price direction in advance. Along with the technical and fundamental analysis of Velan Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Velan 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 | 0.143 | |||
| Jensen Alpha | 0.8401 | |||
| Total Risk Alpha | 0.116 | |||
| Sortino Ratio | 0.1673 | |||
| Treynor Ratio | (13.73) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Velan Pink Sheet analysis
When running Velan's price analysis, check to measure Velan'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 Velan is operating at the current time. Most of Velan's value examination focuses on studying past and present price action to predict the probability of Velan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Velan's price. Additionally, you may evaluate how the addition of Velan to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |