Melexis NV (Belgium) Price on September 30, 2024
| MELE Stock | EUR 57.05 0.90 1.60% |
If you're considering investing in Melexis Stock, it is important to understand the factors that can impact its price. As of today, the current price of Melexis NV stands at 57.05, as last reported on the 26th of November, with the highest price reaching 57.25 and the lowest price hitting 56.30 during the day. Melexis NV has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. Melexis NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Melexis NV's Mean Deviation of 1.42, risk adjusted performance of (0.16), and Standard Deviation of 2.19 to check out the risk estimate we provide.
Melexis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Melexis |
Sharpe Ratio = -0.2051
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Estimated Market Risk
| 2.2 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.45 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Melexis NV 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 Melexis NV by adding Melexis NV to a well-diversified portfolio.
Melexis NV Valuation on September 30, 2024
It is possible to determine the worth of Melexis NV on a given historical date. On September 30, 2024 Melexis was worth 74.21 at the beginning of the trading date compared to the closed value of 72.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Melexis NV stock. Still, in general, we apply an absolute valuation method to find Melexis NV'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 Melexis NV where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Melexis NV's related companies.
| Open | High | Low | Close | Volume | |
| 73.28 | 74.41 | 73.13 | 73.87 | 44,323 | |
09/30/2024 | 74.21 | 74.21 | 72.45 | 72.79 | 41,611 |
| 73.04 | 73.18 | 71.12 | 71.22 | 45,331 |
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Melexis NV Trading Date Momentum on September 30, 2024
| On October 01 2024 Melexis NV was traded for 71.22 at the closing time. The highest price during the trading period was 73.18 and the lowest recorded bid was listed for 71.12 . The volume for the day was 45.3 K. This history from October 1, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.16% . The trading delta at closing time to the current price is 3.98% . |
Melexis NV Fundamentals Correlations and Trends
By evaluating Melexis NV'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 Melexis NV's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Melexis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Melexis NV Stock history
Melexis NV 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 Melexis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Melexis NV 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 Melexis NV stock prices may prove useful in developing a viable investing in Melexis NV
Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin America. The company was founded in 1988 and is based in Ieper, Belgium. MELEXIS operates under Semiconductor Equipment Materials classification in Belgium and is traded on Brussels Stock Exchange. It employs 1500 people.
Melexis NV Stock Technical Analysis
Melexis NV 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
Melexis NV Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Melexis NV cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Brussels. 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.
Melexis NV November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Melexis NV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Melexis NV shares will generate the highest return on investment. By undertsting and applying Melexis NV stock market strength indicators, traders can identify Melexis NV entry and exit signals to maximize returns
Melexis NV Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Melexis NV's price direction in advance. Along with the technical and fundamental analysis of Melexis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Melexis 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 | (0.16) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.72) |
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Additional Tools for Melexis Stock Analysis
When running Melexis NV's price analysis, check to measure Melexis NV'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 Melexis NV is operating at the current time. Most of Melexis NV's value examination focuses on studying past and present price action to predict the probability of Melexis NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melexis NV's price. Additionally, you may evaluate how the addition of Melexis NV to your portfolios can decrease your overall portfolio volatility.