MEGA METAL (Turkey) Price on April 25, 2024
| MEGMT Stock | 31.44 0.58 1.88% |
If you're considering investing in MEGA Stock, it is important to understand the factors that can impact its price. As of today, the current price of MEGA METAL stands at 31.44, as last reported on the 27th of November, with the highest price reaching 31.74 and the lowest price hitting 30.80 during the day. MEGA METAL has Sharpe Ratio of -0.0432, which conveys that the firm had a -0.0432% return per unit of risk over the last 3 months. MEGA METAL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MEGA METAL's mean deviation of 1.85, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide.
MEGA Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MEGA |
Sharpe Ratio = -0.0432
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| Negative Returns | MEGMT |
Estimated Market Risk
| 2.33 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MEGA METAL 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 MEGA METAL by adding MEGA METAL to a well-diversified portfolio.
MEGA METAL Valuation on April 25, 2024
It is possible to determine the worth of MEGA METAL on a given historical date. On April 25, 2024 MEGA was worth 46.64 at the beginning of the trading date compared to the closed value of 45.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MEGA METAL stock. Still, in general, we apply an absolute valuation method to find MEGA METAL'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 MEGA METAL where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MEGA METAL's related companies.
| Open | High | Low | Close | Volume | |
| 49.00 | 49.44 | 45.60 | 46.64 | 10,157,100 | |
04/25/2024 | 46.64 | 48.70 | 45.80 | 45.86 | 6,686,656 |
| 46.30 | 46.50 | 44.32 | 44.60 | 4,863,191 |
| Backtest MEGA METAL | | | MEGA METAL History | Previous | Next |
MEGA METAL Trading Date Momentum on April 25, 2024
| On April 26 2024 MEGA METAL was traded for 44.60 at the closing time. The highest price during the trading period was 46.50 and the lowest recorded bid was listed for 44.32 . The volume for the day was 4.9 M. This history from April 26, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.75% . The trading delta at closing time to the current price is 0.00% . |
Price Boundaries
MEGA METAL Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
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MEGA METAL November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how MEGA METAL stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MEGA METAL shares will generate the highest return on investment. By undertsting and applying MEGA METAL stock market strength indicators, traders can identify MEGA METAL entry and exit signals to maximize returns
MEGA METAL Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MEGA METAL's price direction in advance. Along with the technical and fundamental analysis of MEGA Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MEGA 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 | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 1.04 |
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| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for MEGA Stock analysis
When running MEGA METAL's price analysis, check to measure MEGA METAL'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 MEGA METAL is operating at the current time. Most of MEGA METAL's value examination focuses on studying past and present price action to predict the probability of MEGA METAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEGA METAL's price. Additionally, you may evaluate how the addition of MEGA METAL to your portfolios can decrease your overall portfolio volatility.
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