Meiragtx Holdings Plc Stock Price on November 25, 2024
| MGTX Stock | USD 6.55 0.16 2.50% |
If you're considering investing in MeiraGTx Stock, it is important to understand the factors that can impact its price. As of today, the current price of MeiraGTx Holdings stands at 6.55, as last reported on the 28th of November, with the highest price reaching 6.62 and the lowest price hitting 6.38 during the day. MeiraGTx Holdings appears to be slightly risky, given 3 months investment horizon. MeiraGTx Holdings PLC has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing MeiraGTx Holdings' technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please exercise MeiraGTx Holdings' Mean Deviation of 2.7, downside deviation of 3.13, and Risk Adjusted Performance of 0.1727 to check out if our risk estimates are consistent with your expectations.
MeiraGTx Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MeiraGTx |
Sharpe Ratio = 0.215
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Estimated Market Risk
| 3.79 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.81 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 16 84% of assets perform better |
Based on monthly moving average MeiraGTx Holdings 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 MeiraGTx Holdings by adding it to a well-diversified portfolio.
MeiraGTx Holdings Valuation on November 25, 2024
It is possible to determine the worth of MeiraGTx Holdings on a given historical date. On November 25, 2024 MeiraGTx was worth 6.11 at the beginning of the trading date compared to the closed value of 6.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MeiraGTx Holdings stock. Still, in general, we apply an absolute valuation method to find MeiraGTx Holdings' 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 MeiraGTx Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MeiraGTx Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 5.93 | 6.05 | 5.83 | 5.93 | 149,731 | |
11/25/2024 | 6.11 | 6.47 | 6.02 | 6.33 | 265,183 |
| 6.28 | 6.46 | 6.21 | 6.39 | 249,368 |
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MeiraGTx Holdings Trading Date Momentum on November 25, 2024
| On November 26 2024 MeiraGTx Holdings PLC was traded for 6.39 at the closing time. The top price for the day was 6.46 and the lowest listed price was 6.21 . The trading volume for the day was 249.4 K. The trading history from November 26, 2024 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 0.95% . The trading delta at closing time against the current closing price is 2.21% . |
MeiraGTx Holdings PLC Fundamentals Correlations and Trends
By evaluating MeiraGTx Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MeiraGTx Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MeiraGTx financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MeiraGTx Holdings Stock history
MeiraGTx Holdings 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 MeiraGTx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MeiraGTx Holdings PLC 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 MeiraGTx Holdings stock prices may prove useful in developing a viable investing in MeiraGTx Holdings
MeiraGTx Holdings plc, a clinical stage gene therapy company, focusing on developing treatments for patients with serious diseases. MeiraGTx Holdings plc was incorporated in 2015 and is based in New York, New York. MeiraGTx Holdings operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 333 people.
MeiraGTx Holdings Stock Technical Analysis
MeiraGTx Holdings 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
MeiraGTx Holdings Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
MeiraGTx Holdings PLC cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
MeiraGTx Holdings November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how MeiraGTx Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MeiraGTx Holdings shares will generate the highest return on investment. By undertsting and applying MeiraGTx Holdings stock market strength indicators, traders can identify MeiraGTx Holdings PLC entry and exit signals to maximize returns
MeiraGTx Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MeiraGTx Holdings' price direction in advance. Along with the technical and fundamental analysis of MeiraGTx Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MeiraGTx 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 | 0.1727 | |||
| Jensen Alpha | 0.7912 | |||
| Total Risk Alpha | 0.2342 | |||
| Sortino Ratio | 0.22 | |||
| Treynor Ratio | 6.8 |
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Additional Tools for MeiraGTx Stock Analysis
When running MeiraGTx Holdings' price analysis, check to measure MeiraGTx Holdings' 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 MeiraGTx Holdings is operating at the current time. Most of MeiraGTx Holdings' value examination focuses on studying past and present price action to predict the probability of MeiraGTx Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MeiraGTx Holdings' price. Additionally, you may evaluate how the addition of MeiraGTx Holdings to your portfolios can decrease your overall portfolio volatility.