Metallis Resources (Germany) Price on October 9, 2024
| 0CVM Stock | EUR 0.14 0.02 16.67% |
If you're considering investing in Metallis Stock, it is important to understand the factors that can impact its price. As of today, the current price of Metallis Resources stands at 0.14, as last reported on the 23rd of November, with the highest price reaching 0.14 and the lowest price hitting 0.13 during the day. Metallis Resources is out of control given 3 months investment horizon. Metallis Resources has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.83% are justified by taking the suggested risk. Use Metallis Resources Mean Deviation of 9.53, downside deviation of 11.77, and Risk Adjusted Performance of 0.1359 to evaluate company specific risk that cannot be diversified away.
Metallis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Metallis |
Sharpe Ratio = 0.1382
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Estimated Market Risk
| 13.21 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.83 actual daily | 36 64% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Metallis Resources is performing at about 10% 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 Metallis Resources by adding it to a well-diversified portfolio.
Metallis Resources Valuation on October 9, 2024
It is possible to determine the worth of Metallis Resources on a given historical date. On October 9, 2024 Metallis was worth 0.0825 at the beginning of the trading date compared to the closed value of 0.0825. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Metallis Resources stock. Still, in general, we apply an absolute valuation method to find Metallis Resources' 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 Metallis Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Metallis Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.09 | 0.09 | 0.09 | 0.09 | 1.00 | |
10/09/2024 | 0.08 | 0.08 | 0.08 | 0.08 | 1.00 |
| 0.08 | 0.08 | 0.08 | 0.08 | 1.00 |
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Metallis Resources Trading Date Momentum on October 9, 2024
| On October 10 2024 Metallis Resources was traded for 0.08 at the closing time. The maximum traded price for the trading interval was 0.08 and the lowest daily price was 0.08 . There was no trading activity during the period 1.0. Lack of trading volume on 10th of October 2024 played a part in the next trading day price drop. The daily price change to the next closing price was 0.61% . The trading delta at closing time to the closing price today is 69.70% . |
Metallis Resources Fundamentals Correlations and Trends
By evaluating Metallis Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Metallis Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Metallis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Metallis Resources Stock history
Metallis Resources 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 Metallis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Metallis Resources 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 Metallis Resources stock prices may prove useful in developing a viable investing in Metallis Resources
Metallis Resources Inc. engages in the exploration and development of mineral properties in Canada. Metallis Resources Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada. METALLIS RESOURCES operates under Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange.
Metallis Resources Stock Technical Analysis
Metallis Resources 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.
Price Boundaries
Metallis Resources Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Metallis Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Metallis Resources November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Metallis Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Metallis Resources shares will generate the highest return on investment. By undertsting and applying Metallis Resources stock market strength indicators, traders can identify Metallis Resources entry and exit signals to maximize returns
Metallis Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Metallis Resources' price direction in advance. Along with the technical and fundamental analysis of Metallis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Metallis 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 | 0.1359 | |||
| Jensen Alpha | 2.16 | |||
| Total Risk Alpha | 0.0872 | |||
| Sortino Ratio | 0.1707 | |||
| Treynor Ratio | (8.14) |
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Complementary Tools for Metallis Stock analysis
When running Metallis Resources' price analysis, check to measure Metallis Resources' 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 Metallis Resources is operating at the current time. Most of Metallis Resources' value examination focuses on studying past and present price action to predict the probability of Metallis Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metallis Resources' price. Additionally, you may evaluate how the addition of Metallis Resources to your portfolios can decrease your overall portfolio volatility.
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