Major Drilling (Germany) Price on November 23, 2023
3MJ Stock | EUR 5.80 0.05 0.85% |
If you're considering investing in Major Stock, it is important to understand the factors that can impact its price. As of today, the current price of Major Drilling stands at 5.80, as last reported on the 27th of November, with the highest price reaching 5.80 and the lowest price hitting 5.80 during the day. Major Drilling Group has Sharpe Ratio of -0.0205, which conveys that the firm had a -0.0205% return per unit of risk over the last 3 months. Major Drilling exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Major Drilling's Standard Deviation of 2.91, mean deviation of 1.93, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide.
Major Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Major |
Sharpe Ratio = -0.0205
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Estimated Market Risk
2.95 actual daily | 26 74% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Major Drilling 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 Major Drilling by adding Major Drilling to a well-diversified portfolio.
Major Drilling Valuation on November 23, 2023
It is possible to determine the worth of Major Drilling on a given historical date. On November 23, 2023 Major was worth 4.82 at the beginning of the trading date compared to the closed value of 4.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Major Drilling stock. Still, in general, we apply an absolute valuation method to find Major Drilling'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 Major Drilling where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Major Drilling's related companies.
Open | High | Low | Close | Volume | |
4.82 | 4.82 | 4.82 | 4.82 | 31.00 | |
11/23/2023 | 4.82 | 4.82 | 4.82 | 4.82 | 31.00 |
4.78 | 4.78 | 4.78 | 4.78 | 31.00 |
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Major Drilling Trading Date Momentum on November 23, 2023
On November 24 2023 Major Drilling Group was traded for 4.78 at the closing time. The highest daily price throughout the period was 4.78 and the lowest price was 4.78 . The daily volume was 31.0. The net trading volume on 11/24/2023 added to the next day price reduction. The daily price change to closing price of the next trading day was 0.83% . The trading delta at closing time to current closing price is 7.88% . |
Major Drilling Group Fundamentals Correlations and Trends
By evaluating Major Drilling'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 Major Drilling's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Major financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Major Drilling Stock history
Major Drilling 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 Major is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Major Drilling Group 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 Major Drilling stock prices may prove useful in developing a viable investing in Major Drilling
Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Europe. Major Drilling Group International Inc. was founded in 1980 and is headquartered in Moncton, Canada. MAJOR DRILLING operates under Industrial Metals Minerals classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2986 people.
Major Drilling Stock Technical Analysis
Major Drilling 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
Major Drilling Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Major Drilling Group 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.
Major Drilling November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Major Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Major Drilling shares will generate the highest return on investment. By undertsting and applying Major Drilling stock market strength indicators, traders can identify Major Drilling Group entry and exit signals to maximize returns
Major Drilling Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Major Drilling's price direction in advance. Along with the technical and fundamental analysis of Major Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Major 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 | (0.01) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.52) | |||
Treynor Ratio | (1.83) |
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Complementary Tools for Major Stock analysis
When running Major Drilling's price analysis, check to measure Major Drilling'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 Major Drilling is operating at the current time. Most of Major Drilling's value examination focuses on studying past and present price action to predict the probability of Major Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Major Drilling's price. Additionally, you may evaluate how the addition of Major Drilling to your portfolios can decrease your overall portfolio volatility.
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