Millat Tractors (Pakistan) Price on June 26, 2024
| MTL Stock | 576.04 4.39 0.76% |
If you're considering investing in Millat Stock, it is important to understand the factors that can impact its price. As of today, the current price of Millat Tractors stands at 576.04, as last reported on the 26th of November, with the highest price reaching 583.90 and the lowest price hitting 575.00 during the day. Millat Tractors appears to be very steady, given 3 months investment horizon. Millat Tractors has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Millat Tractors, which you can use to evaluate the volatility of the firm. Please exercise Millat Tractors' Risk Adjusted Performance of 0.0346, mean deviation of 1.39, and Downside Deviation of 1.67 to check out if our risk estimates are consistent with your expectations.
Millat Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Millat |
Sharpe Ratio = 0.1007
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Estimated Market Risk
| 2.11 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Millat Tractors is performing at about 7% 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 Millat Tractors by adding it to a well-diversified portfolio.
Millat Tractors Valuation on June 26, 2024
It is possible to determine the worth of Millat Tractors on a given historical date. On June 26, 2024 Millat was worth 641.8 at the beginning of the trading date compared to the closed value of 640.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Millat Tractors stock. Still, in general, we apply an absolute valuation method to find Millat Tractors' 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 Millat Tractors where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Millat Tractors' related companies.
| Open | High | Low | Close | Volume | |
| 640.00 | 642.99 | 636.00 | 638.42 | 40,634 | |
06/26/2024 | 641.80 | 644.50 | 636.00 | 640.18 | 57,218 |
| 640.00 | 647.50 | 638.00 | 639.49 | 40,401 |
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Millat Tractors Trading Date Momentum on June 26, 2024
| On June 27 2024 Millat Tractors was traded for 639.49 at the closing time. The highest price during the trading period was 647.50 and the lowest recorded bid was listed for 638.00 . The volume for the day was 40.4 K. This history from June 27, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.11% . The trading delta at closing time to the current price is 1.59% . |
Millat Tractors Fundamentals Correlations and Trends
By evaluating Millat Tractors' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Millat Tractors' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Millat financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Millat Tractors Stock history
Millat Tractors 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 Millat is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Millat Tractors 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 Millat Tractors stock prices may prove useful in developing a viable investing in Millat Tractors
Millat Tractors Stock Technical Analysis
Millat Tractors 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
Millat Tractors Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Millat Tractors cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi 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.
Millat Tractors November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Millat Tractors stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Millat Tractors shares will generate the highest return on investment. By undertsting and applying Millat Tractors stock market strength indicators, traders can identify Millat Tractors entry and exit signals to maximize returns
Millat Tractors Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Millat Tractors' price direction in advance. Along with the technical and fundamental analysis of Millat Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Millat 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 | 0.0346 | |||
| Jensen Alpha | 0.0491 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.4143 |
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Additional Tools for Millat Stock Analysis
When running Millat Tractors' price analysis, check to measure Millat Tractors' 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 Millat Tractors is operating at the current time. Most of Millat Tractors' value examination focuses on studying past and present price action to predict the probability of Millat Tractors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millat Tractors' price. Additionally, you may evaluate how the addition of Millat Tractors to your portfolios can decrease your overall portfolio volatility.