MEYER PLC (Nigeria) Price on September 10, 2024
| MEYER Stock | 7.67 0.00 0.00% |
If you're considering investing in MEYER Stock, it is important to understand the factors that can impact its price. As of today, the current price of MEYER PLC stands at 7.67, as last reported on the 26th of November, with the highest price reaching 7.67 and the lowest price hitting 7.67 during the day. MEYER PLC appears to be somewhat reliable, given 3 months investment horizon. MEYER PLC has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of standard deviation over the last 3 months. By inspecting MEYER PLC's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please exercise MEYER PLC's Risk Adjusted Performance of 0.1635, mean deviation of 1.42, and Market Risk Adjusted Performance of 1.41 to check out if our risk estimates are consistent with your expectations.
MEYER Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MEYER |
Sharpe Ratio = 0.2101
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Estimated Market Risk
| 3.06 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average MEYER PLC is performing at about 16% 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 MEYER PLC by adding it to a well-diversified portfolio.
MEYER PLC Valuation on September 10, 2024
It is possible to determine the worth of MEYER PLC on a given historical date. On September 10, 2024 MEYER was worth 5.83 at the beginning of the trading date compared to the closed value of 5.83. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MEYER PLC stock. Still, in general, we apply an absolute valuation method to find MEYER PLC'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 MEYER PLC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MEYER PLC's related companies.
| Open | High | Low | Close | Volume | |
| 5.83 | 5.83 | 5.83 | 5.83 | 39,200 | |
09/10/2024 | 5.83 | 5.83 | 5.83 | 5.83 | 117,542 |
| 5.83 | 5.83 | 5.83 | 5.83 | 46,700 |
| Backtest MEYER PLC | | | MEYER PLC History | Previous | Next |
MEYER PLC Trading Date Momentum on September 10, 2024
| On September 11 2024 MEYER PLC was traded for 5.83 at the closing time. The highest price during the trading period was 5.83 and the lowest recorded bid was listed for 5.83 . The volume for the day was 46.7 K. This history from September 11, 2024 did not cause price change. The trading delta at closing time to the current price is 9.95% . |
Price Boundaries
MEYER PLC Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
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MEYER PLC November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how MEYER PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MEYER PLC shares will generate the highest return on investment. By undertsting and applying MEYER PLC stock market strength indicators, traders can identify MEYER PLC entry and exit signals to maximize returns
MEYER PLC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MEYER PLC's price direction in advance. Along with the technical and fundamental analysis of MEYER Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MEYER 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 | 0.1635 | |||
| Jensen Alpha | 0.5423 | |||
| Total Risk Alpha | 0.1264 | |||
| Treynor Ratio | 1.4 |
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Additional Tools for MEYER Stock Analysis
When running MEYER PLC's price analysis, check to measure MEYER PLC'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 MEYER PLC is operating at the current time. Most of MEYER PLC's value examination focuses on studying past and present price action to predict the probability of MEYER PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEYER PLC's price. Additionally, you may evaluate how the addition of MEYER PLC to your portfolios can decrease your overall portfolio volatility.