Merko Gida (Turkey) Price on January 18, 2024
| MERKO Stock | TRY 15.05 0.31 2.02% |
If you're considering investing in Merko Stock, it is important to understand the factors that can impact its price. As of today, the current price of Merko Gida stands at 15.05, as last reported on the 1st of December, with the highest price reaching 15.48 and the lowest price hitting 14.94 during the day. Merko Gida appears to be somewhat reliable, given 3 months investment horizon. Merko Gida Sanayi has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Merko Gida's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise Merko Gida's Downside Deviation of 3.44, risk adjusted performance of 0.1102, and Mean Deviation of 3.24 to check out if our risk estimates are consistent with your expectations.
Merko Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Merko |
Sharpe Ratio = 0.1331
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Estimated Market Risk
| 4.3 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.57 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Merko Gida is performing at about 10% of its full potential. 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 Merko Gida by adding it to a well-diversified portfolio.
Merko Gida Valuation on January 18, 2024
It is possible to determine the worth of Merko Gida on a given historical date. On January 18, 2024 Merko was worth 9.36 at the beginning of the trading date compared to the closed value of 9.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Merko Gida stock. Still, in general, we apply an absolute valuation method to find Merko Gida'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 Merko Gida where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Merko Gida's related companies.
| Open | High | Low | Close | Volume | |
| 9.46 | 9.70 | 9.28 | 9.36 | 1,558,319 | |
01/18/2024 | 9.36 | 9.89 | 9.35 | 9.52 | 2,281,191 |
| 9.53 | 9.76 | 9.42 | 9.51 | 2,583,597 |
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Merko Gida Trading Date Momentum on January 18, 2024
| On January 19 2024 Merko Gida Sanayi was traded for 9.51 at the closing time. The highest price during the trading period was 9.76 and the lowest recorded bid was listed for 9.42 . The volume for the day was 2.6 M. This history from January 19, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.11% . The trading delta at closing time to the current price is 3.57% . |
Merko Gida Sanayi Fundamentals Correlations and Trends
By evaluating Merko Gida'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 Merko Gida's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Merko financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Merko Gida Stock history
Merko Gida 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 Merko is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Merko Gida Sanayi 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 Merko Gida stock prices may prove useful in developing a viable investing in Merko Gida
Merko Gida Sanayi ve Ticaret A.S. operates as a processor and exporter of tomatoes into the raw material for the food industry worldwide. The company was founded in 1982 and is headquartered in Istanbul, Turkey. MERKO GIDA is traded on Istanbul Stock Exchange in Turkey.
Merko Gida Stock Technical Analysis
Merko Gida 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
Merko Gida Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Merko Gida Sanayi cannot be verified against its exchange. Please verify the symbol is currently traded on Istanbul 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.
Merko Gida December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Merko Gida stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Merko Gida shares will generate the highest return on investment. By undertsting and applying Merko Gida stock market strength indicators, traders can identify Merko Gida Sanayi entry and exit signals to maximize returns
Merko Gida Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Merko Gida's price direction in advance. Along with the technical and fundamental analysis of Merko Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Merko 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 | 0.1102 | |||
| Jensen Alpha | 0.6404 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1254 | |||
| Treynor Ratio | (0.88) |
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| Volume Indicators |
Complementary Tools for Merko Stock analysis
When running Merko Gida's price analysis, check to measure Merko Gida'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 Merko Gida is operating at the current time. Most of Merko Gida's value examination focuses on studying past and present price action to predict the probability of Merko Gida's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merko Gida's price. Additionally, you may evaluate how the addition of Merko Gida to your portfolios can decrease your overall portfolio volatility.
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