Meritage Stock Price on December 29, 2023

MTH Stock  USD 177.68  0.55  0.31%   
If you're considering investing in Meritage Stock, it is important to understand the factors that can impact its price. As of today, the current price of Meritage stands at 177.68, as last reported on the 22nd of November, with the highest price reaching 181.71 and the lowest price hitting 177.47 during the day. Meritage has Sharpe Ratio of -0.0884, which conveys that the firm had a -0.0884% return per unit of risk over the last 3 months. Meritage exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meritage's Mean Deviation of 1.42, risk adjusted performance of (0.06), and Standard Deviation of 1.97 to check out the risk estimate we provide.
  
Meritage Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0884

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Estimated Market Risk

 1.97
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.17
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average Meritage is not performing at its full potential. However, 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 Meritage by adding Meritage to a well-diversified portfolio.

Meritage Main Headline on 29th of December 2023

Meritage dividend paid on 29th of December 2023

Meritage Valuation on December 29, 2023

It is possible to determine the worth of Meritage on a given historical date. On December 29, 2023 Meritage was worth 172.27 at the beginning of the trading date compared to the closed value of 171.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Meritage stock. Still, in general, we apply an absolute valuation method to find Meritage'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 Meritage where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Meritage's related companies.
 Open High Low Close Volume
  172.90    174.34    172.38    173.11    168,705  
12/29/2023
  172.27    173.65    171.38    171.98    149,629  
  169.09    170.05    166.84    168.58    320,281  
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Open Value
172.27
166.36
Downside
171.98
Closing Value
178.18
Upside

Meritage Trading Date Momentum on December 29, 2023

On January 02 2024 Meritage was traded for  168.58  at the closing time. Highest Meritage's price during the trading hours was 170.05  and the lowest price during the day was  166.84 . The net volume was 320.3 K. The overall trading history on the 2nd of January contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.98% . The trading delta at closing time to current price is 3.01% .

Meritage Fundamentals Correlations and Trends

By evaluating Meritage'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 Meritage's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Meritage financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Meritage Stock history

Meritage 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 Meritage is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Meritage 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 Meritage stock prices may prove useful in developing a viable investing in Meritage
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona. Meritage Corp operates under Residential Construction classification in the United States and is traded on New York Stock Exchange. It employs 1773 people.

Meritage Stock Technical Analysis

Meritage 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.
A focus of Meritage technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Meritage trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Meritage Period Price Range

Low
November 22, 2024
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Meritage cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.

Meritage November 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Meritage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Meritage shares will generate the highest return on investment. By undertsting and applying Meritage stock market strength indicators, traders can identify Meritage entry and exit signals to maximize returns

Meritage Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Meritage's price direction in advance. Along with the technical and fundamental analysis of Meritage Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Meritage 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.

Complementary Tools for Meritage Stock analysis

When running Meritage's price analysis, check to measure Meritage'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 Meritage is operating at the current time. Most of Meritage's value examination focuses on studying past and present price action to predict the probability of Meritage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meritage's price. Additionally, you may evaluate how the addition of Meritage to your portfolios can decrease your overall portfolio volatility.
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