Micronet (Israel) Price on October 16, 2023
MCRNT Stock | ILA 160.00 2.70 1.66% |
If you're considering investing in Micronet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Micronet stands at 160.00, as last reported on the 30th of November, with the highest price reaching 163.00 and the lowest price hitting 157.10 during the day. Micronet has Sharpe Ratio of -0.0277, which conveys that the firm had a -0.0277% return per unit of risk over the last 3 months. Micronet exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Micronet's Standard Deviation of 2.24, insignificant risk adjusted performance, and Mean Deviation of 1.31 to check out the risk estimate we provide.
Micronet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Micronet |
Sharpe Ratio = -0.0277
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Estimated Market Risk
2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
-0.07 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 Micronet 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 Micronet by adding Micronet to a well-diversified portfolio.
Micronet Valuation on October 16, 2023
It is possible to determine the worth of Micronet on a given historical date. On October 16, 2023 Micronet was worth 203.7 at the beginning of the trading date compared to the closed value of 203.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Micronet stock. Still, in general, we apply an absolute valuation method to find Micronet'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 Micronet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Micronet's related companies.
Open | High | Low | Close | Volume | |
208.50 | 208.50 | 198.00 | 203.70 | 1,854 | |
10/16/2023 | 203.70 | 203.70 | 203.70 | 203.70 | 1.00 |
203.70 | 204.90 | 183.30 | 192.60 | 5,559 |
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Micronet Trading Date Momentum on October 16, 2023
On October 17 2023 Micronet was traded for 192.60 at the closing time. The highest price during the trading period was 204.90 and the lowest recorded bid was listed for 183.30 . The volume for the day was 5.6 K. This history from October 17, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 5.45% . The trading delta at closing time to the current price is 8.79% . |
Micronet Fundamentals Correlations and Trends
By evaluating Micronet'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 Micronet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Micronet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Micronet Stock history
Micronet 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 Micronet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Micronet 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 Micronet stock prices may prove useful in developing a viable investing in Micronet
Micronet Ltd develops, manufactures, and markets mobile computing platforms for integration into fleet and mobile workforce management solutions. The companys products are used in various vertical markets, including long and short-haul trucking, public transportation, infrastructure, utilities, government, construction, waste management, public safety, and field services. MICRONET operates under Communication Equipment classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 14 people.
Micronet Stock Technical Analysis
Micronet 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
Micronet Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Micronet cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock 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.
Micronet November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Micronet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Micronet shares will generate the highest return on investment. By undertsting and applying Micronet stock market strength indicators, traders can identify Micronet entry and exit signals to maximize returns
Micronet Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Micronet's price direction in advance. Along with the technical and fundamental analysis of Micronet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Micronet 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) | |||
Jensen Alpha | 0.0431 | |||
Total Risk Alpha | (0.42) | |||
Treynor Ratio | 0.0634 |
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Additional Tools for Micronet Stock Analysis
When running Micronet's price analysis, check to measure Micronet'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 Micronet is operating at the current time. Most of Micronet's value examination focuses on studying past and present price action to predict the probability of Micronet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micronet's price. Additionally, you may evaluate how the addition of Micronet to your portfolios can decrease your overall portfolio volatility.