Mkango Resources (UK) Price on December 14, 2024
| MKA Stock | 8.00 1.00 3.90% |
If you're considering investing in Mkango Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mkango Resources stands at 9.85, as last reported on the 18th of January 2025, with the highest price reaching 10.20 and the lowest price hitting 9.70 during the day. Mkango Resources appears to be moderately volatile, given 3 months investment horizon. Mkango Resources has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Mkango Resources' technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please exercise Mkango Resources' Downside Deviation of 4.02, risk adjusted performance of 0.1415, and Mean Deviation of 3.96 to check out if our risk estimates are consistent with your expectations.
Mkango Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mkango |
Sharpe Ratio = 0.159
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Estimated Market Risk
| 6.11 actual daily | 54 54% of assets are less volatile |
Expected Return
| 0.97 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Mkango Resources is performing at about 12% 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 Mkango Resources by adding it to a well-diversified portfolio.
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Mkango Resources Valuation on December 14, 2024
It is possible to determine the worth of Mkango Resources on a given historical date. On December 14, 2024 Mkango was worth 7.65 at the beginning of the trading date compared to the closed value of 8.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mkango Resources stock. Still, in general, we apply an absolute valuation method to find Mkango Resources' 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 Mkango Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mkango Resources' related companies.
| Open | High | Low | Close | Volume | |
| 7.78 | 7.78 | 7.28 | 7.65 | 2,208,731 | |
12/13/2024 | 7.65 | 8.28 | 7.45 | 8.20 | 2,287,084 |
| 8.10 | 8.50 | 7.88 | 8.00 | 492,098 |
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Mkango Resources Trading Date Momentum on December 14, 2024
| On December 16 2024 Mkango Resources was traded for 8.00 at the closing time. The highest price during the trading period was 8.50 and the lowest recorded bid was listed for 7.88 . The volume for the day was 492.1 K. This history from December 16, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.44% . The trading delta at closing time to the current price is 4.27% . |
Mkango Resources Fundamentals Correlations and Trends
By evaluating Mkango Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mkango Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mkango financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mkango Resources Stock history
Mkango Resources 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 Mkango is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mkango Resources 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 Mkango Resources stock prices may prove useful in developing a viable investing in Mkango Resources
Mkango Resources Stock Technical Analysis
Mkango Resources 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
Mkango Resources Period Price Range
Low | January 18, 2025
| High |
0.00 | 0.00 |
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Mkango Resources January 18, 2025 Market Strength
Market strength indicators help investors to evaluate how Mkango Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mkango Resources shares will generate the highest return on investment. By undertsting and applying Mkango Resources stock market strength indicators, traders can identify Mkango Resources entry and exit signals to maximize returns
Mkango Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mkango Resources' price direction in advance. Along with the technical and fundamental analysis of Mkango Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mkango 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 | 0.1415 | |||
| Jensen Alpha | 0.9458 | |||
| Total Risk Alpha | 0.8172 | |||
| Sortino Ratio | 0.2343 | |||
| Treynor Ratio | 1.23 |
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Complementary Tools for Mkango Stock analysis
When running Mkango Resources' price analysis, check to measure Mkango Resources' 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 Mkango Resources is operating at the current time. Most of Mkango Resources' value examination focuses on studying past and present price action to predict the probability of Mkango Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mkango Resources' price. Additionally, you may evaluate how the addition of Mkango Resources to your portfolios can decrease your overall portfolio volatility.
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