OGN

$14.95 0.81% $0.12
Dec 26, 2024 20:00 PM

Organon & Co. is a global healthcare company that focuses on women’s health, biosimilars, and other established medicines.

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Asset Summary

Daily Performance Report for OGN ETF: Dec 26, 2024

Summary: The day started with OGN ETF opening at $14.71 and closing at $14.79. The ETF showed resilience throughout the day, with the highest price observed at $15.01 and the lowest at $14.61. The underlying asset had a trading range of $0.40 Overall, it was a positive trading day for OGN ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.08 or 0.54% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for OGN ETF was 2,126,585 units during Dec 26, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $14.71.

Highest Price: The highest price observed during the day was $15.01.

Lowest Price: The lowest price observed during the day was $14.61.

Closing Price: The day ended at $14.79.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

1 Month Trailing Return

-6.71%

Represents the percentage change in asset value over the past month.

3 Month Trailing Return

-23.16%

Indicates the percentage change in asset value over the last three months.

Period Max Drawdown

71.12%

The highest percentage drop from the peak value to the lowest point during the observed period.

Standard Deviation

155.66%

Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.

Sharpe Ratio

0.56

Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.

Calmar Ratio

1.23

The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Organon’s major customers include healthcare providers, hospitals, and pharmacies worldwide.

Organon’s mission is to deliver impactful medicines to improve the lives of women and their families.

Organon was established in June 2021 as a spinoff from Merck & Co.

Organon is headquartered in Jersey City, New Jersey.

Organon is committed to sustainable practices in its operations and product offerings to benefit public health.

Organon works on programs and partnerships to enhance access to essential medicines for underserved populations.

Organon focuses on women’s health, fertility, contraception, and various chronic conditions.

Investors can check the investor relations section of Organon’s website for financial reports and updates.

Yes, Organon is publicly traded on the New York Stock Exchange under the ticker symbol OGN.

Challenges include competition in the pharmaceutical industry and the need to continuously innovate and adapt.

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Disclaimers

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