Bank Mega (Indonesia) Price on October 31, 2024
| MEGA Stock | IDR 4,800 60.00 1.23% |
If you're considering investing in Bank Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bank Mega stands at 4,800, as last reported on the 29th of November, with the highest price reaching 4,870 and the lowest price hitting 4,720 during the day. Bank Mega Tbk secures Sharpe Ratio (or Efficiency) of -0.0921, which signifies that the company had a -0.0921% return per unit of risk over the last 3 months. Bank Mega Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank Mega's Mean Deviation of 0.4837, risk adjusted performance of (0.09), and Standard Deviation of 0.7559 to double-check the risk estimate we provide.
Bank Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bank |
Sharpe Ratio = -0.0921
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| Negative Returns | MEGA |
Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bank Mega 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 Bank Mega by adding Bank Mega to a well-diversified portfolio.
Bank Mega Valuation on October 31, 2024
It is possible to determine the worth of Bank Mega on a given historical date. On October 31, 2024 Bank was worth 4930.0 at the beginning of the trading date compared to the closed value of 4910.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bank Mega stock. Still, in general, we apply an absolute valuation method to find Bank Mega'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 Bank Mega where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bank Mega's related companies.
| Open | High | Low | Close | Volume | |
| 4,930 | 4,930 | 4,930 | 4,930 | 1,200 | |
10/31/2024 | 4,930 | 4,930 | 4,910 | 4,910 | 10,400 |
| 4,910 | 4,940 | 4,910 | 4,930 | 1,000.00 |
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Bank Mega Trading Date Momentum on October 31, 2024
| On November 01 2024 Bank Mega Tbk was traded for 4,930 at the closing time. The highest price during the trading period was 4,940 and the lowest recorded bid was listed for 4,910 . The volume for the day was 1000. This history from November 1, 2024 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 0.41% . The overall trading delta to the current price is 1.22% . |
Bank Mega Tbk Fundamentals Correlations and Trends
By evaluating Bank Mega'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 Bank Mega's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bank financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bank Mega Stock history
Bank Mega 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 Bank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bank Mega Tbk 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 Bank Mega stock prices may prove useful in developing a viable investing in Bank Mega
Bank Mega Stock Technical Analysis
Bank Mega 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
Bank Mega Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Bank Mega Tbk cannot be verified against its exchange. Please verify the symbol is currently traded on Jakarta 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.
Bank Mega November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Bank Mega stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank Mega shares will generate the highest return on investment. By undertsting and applying Bank Mega stock market strength indicators, traders can identify Bank Mega Tbk entry and exit signals to maximize returns
Bank Mega Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bank Mega's price direction in advance. Along with the technical and fundamental analysis of Bank Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bank 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 | (0.09) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.90) |
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Other Information on Investing in Bank Stock
Bank Mega financial ratios help investors to determine whether Bank Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bank with respect to the benefits of owning Bank Mega security.