Metrogas (Argentina) Price on August 24, 2023
| METR Stock | ARS 2,165 120.00 5.87% |
If you're considering investing in Metrogas Stock, it is important to understand the factors that can impact its price. As of today, the current price of Metrogas stands at 2,165, as last reported on the 25th of November, with the highest price reaching 2,170 and the lowest price hitting 2,020 during the day. Metrogas is very steady given 3 months investment horizon. Metrogas SA has Sharpe Ratio of 0.45, which conveys that the firm had a 0.45% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Metrogas SA Mean Deviation of 2.3, downside deviation of 2.77, and Risk Adjusted Performance of 0.3073 to evaluate company specific risk that cannot be diversified away.
Metrogas Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Metrogas |
Sharpe Ratio = 0.4485
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Estimated Market Risk
| 2.82 actual daily | 25 75% of assets are more volatile |
Expected Return
| 1.26 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.45 actual daily | 35 65% of assets perform better |
Based on monthly moving average Metrogas is performing at about 35% 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 Metrogas by adding it to a well-diversified portfolio.
Metrogas Valuation on August 24, 2023
It is possible to determine the worth of Metrogas on a given historical date. On August 24, 2023 Metrogas was worth 262.5 at the beginning of the trading date compared to the closed value of 269.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Metrogas stock. Still, in general, we apply an absolute valuation method to find Metrogas' 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 Metrogas where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Metrogas' related companies.
| Open | High | Low | Close | Volume | |
| 260.50 | 274.00 | 252.00 | 262.00 | 18,946 | |
08/24/2023 | 262.50 | 273.00 | 262.50 | 269.00 | 25,955 |
| 275.00 | 279.50 | 267.00 | 271.00 | 36,863 |
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Metrogas Trading Date Momentum on August 24, 2023
| On August 25 2023 Metrogas SA was traded for 271.00 at the closing time. The highest price during the trading period was 279.50 and the lowest recorded bid was listed for 267.00 . The volume for the day was 36.9 K. This history from August 25, 2023 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 0.74% . The trading delta at closing time to the current price is 17.10% . |
Metrogas SA Fundamentals Correlations and Trends
By evaluating Metrogas' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Metrogas' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Metrogas financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Metrogas Stock history
Metrogas 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 Metrogas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Metrogas SA 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 Metrogas stock prices may prove useful in developing a viable investing in Metrogas
The company was formerly known as Distribuidora de Gas Metropolitano SA. MetroGAS S.A. was founded in 1992 and is based in Buenos Aires, Argentina. METROGAS is traded on Buenos-Aires Stock Exchange in Argentina.
Metrogas Stock Technical Analysis
Metrogas 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
Metrogas Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Metrogas SA cannot be verified against its exchange. Please verify the symbol is currently traded on Buenos Aires 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.
Metrogas November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Metrogas stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Metrogas shares will generate the highest return on investment. By undertsting and applying Metrogas stock market strength indicators, traders can identify Metrogas SA entry and exit signals to maximize returns
Metrogas Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Metrogas' price direction in advance. Along with the technical and fundamental analysis of Metrogas Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Metrogas 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 | 0.3073 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.6594 | |||
| Sortino Ratio | 0.3579 | |||
| Treynor Ratio | 2.81 |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Metrogas Stock analysis
When running Metrogas' price analysis, check to measure Metrogas' 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 Metrogas is operating at the current time. Most of Metrogas' value examination focuses on studying past and present price action to predict the probability of Metrogas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metrogas' price. Additionally, you may evaluate how the addition of Metrogas to your portfolios can decrease your overall portfolio volatility.
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