Merit Medical (Germany) Price on May 20, 2024
| MM3 Stock | 99.50 1.50 1.53% |
If you're considering investing in Merit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Merit Medical stands at 99.50, as last reported on the 11th of December 2024, with the highest price reaching 101.00 and the lowest price hitting 97.00 during the day. Merit Medical appears to be very steady, given 3 months investment horizon. Merit Medical Systems has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Merit Medical, which you can use to evaluate the volatility of the firm. Please exercise Merit Medical's Mean Deviation of 1.14, risk adjusted performance of 0.0984, and Downside Deviation of 1.27 to check out if our risk estimates are consistent with your expectations.
Merit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Merit |
Sharpe Ratio = 0.1442
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Estimated Market Risk
| 1.58 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Merit Medical is performing at about 11% 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 Merit Medical by adding it to a well-diversified portfolio.
Merit Medical Valuation on May 20, 2024
It is possible to determine the worth of Merit Medical on a given historical date. On May 20, 2024 Merit was worth 74.0 at the beginning of the trading date compared to the closed value of 75.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Merit Medical stock. Still, in general, we apply an absolute valuation method to find Merit Medical'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 Merit Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Merit Medical's related companies.
| Open | High | Low | Close | Volume | |
| 74.50 | 74.50 | 74.00 | 74.50 | 1.00 | |
05/20/2024 | 74.00 | 75.50 | 74.00 | 75.50 | 1.00 |
| 75.50 | 75.50 | 75.00 | 75.00 | 1.00 |
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Merit Medical Trading Date Momentum on May 20, 2024
| On May 21 2024 Merit Medical Systems was traded for 75.00 at the closing time. The highest price during the trading period was 75.50 and the lowest recorded bid was listed for 75.00 . There was no trading activity during the period 1.0. Lack of trading volume on May 21, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.66% . The trading delta at closing time to the current price is 3.31% . |
Merit Medical Systems Fundamentals Correlations and Trends
By evaluating Merit Medical'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 Merit Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Merit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Merit Medical Stock history
Merit Medical 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 Merit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Merit Medical Systems 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 Merit Medical stock prices may prove useful in developing a viable investing in Merit Medical
Merit Medical Stock Technical Analysis
Merit Medical 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
Merit Medical Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Merit Medical Systems cannot be verified against its exchange. Please verify the symbol is currently traded on Stuttgart 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.
Merit Medical December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Merit Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Merit Medical shares will generate the highest return on investment. By undertsting and applying Merit Medical stock market strength indicators, traders can identify Merit Medical Systems entry and exit signals to maximize returns
Merit Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Merit Medical's price direction in advance. Along with the technical and fundamental analysis of Merit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Merit 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 | 0.0984 | |||
| Jensen Alpha | 0.1974 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0605 | |||
| Treynor Ratio | (3.51) |
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Additional Tools for Merit Stock Analysis
When running Merit Medical's price analysis, check to measure Merit Medical'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 Merit Medical is operating at the current time. Most of Merit Medical's value examination focuses on studying past and present price action to predict the probability of Merit Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merit Medical's price. Additionally, you may evaluate how the addition of Merit Medical to your portfolios can decrease your overall portfolio volatility.