MTN (South Africa) Price on October 22, 2024
MTN Stock | 8,074 74.00 0.91% |
If you're considering investing in MTN Stock, it is important to understand the factors that can impact its price. As of today, the current price of MTN stands at 8,074, as last reported on the 1st of December, with the highest price reaching 8,147 and the lowest price hitting 8,034 during the day. MTN Group has Sharpe Ratio of -0.086, which conveys that the firm had a -0.086% return per unit of volatility over the last 3 months. MTN exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MTN's risk adjusted performance of (0.1), and Mean Deviation of 1.1 to check out the risk estimate we provide.
MTN Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MTN |
Sharpe Ratio = -0.086
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Negative Returns | MTN |
Estimated Market Risk
1.36 actual daily | 12 88% of assets are more volatile |
Expected Return
-0.12 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 MTN 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 MTN by adding MTN to a well-diversified portfolio.
MTN Valuation on October 22, 2024
It is possible to determine the worth of MTN on a given historical date. On October 22, 2024 MTN was worth 9100.0 at the beginning of the trading date compared to the closed value of 9015.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MTN stock. Still, in general, we apply an absolute valuation method to find MTN'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 MTN where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MTN's related companies.
Open | High | Low | Close | Volume | |
9,200 | 9,265 | 8,948 | 9,035 | 4,489,182 | |
10/22/2024 | 9,100 | 9,100 | 8,716 | 9,015 | 3,565,786 |
8,946 | 9,054 | 8,877 | 8,919 | 3,373,534 |
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MTN Trading Date Momentum on October 22, 2024
On October 23 2024 MTN Group was traded for 8,919 at the closing time. The highest price during the trading period was 9,054 and the lowest recorded bid was listed for 8,877 . The volume for the day was 3.4 M. This history from October 23, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.06% . The trading delta at closing time to the current price is 2.38% . |
MTN Group Fundamentals Correlations and Trends
By evaluating MTN'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 MTN's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MTN financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MTN Stock history
MTN 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 MTN is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MTN Group 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 MTN stock prices may prove useful in developing a viable investing in MTN
MTN Stock Technical Analysis
MTN 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
MTN Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
MTN Group cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
MTN December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how MTN stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MTN shares will generate the highest return on investment. By undertsting and applying MTN stock market strength indicators, traders can identify MTN Group entry and exit signals to maximize returns
MTN Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MTN's price direction in advance. Along with the technical and fundamental analysis of MTN Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MTN 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 | (0.1) | |||
Jensen Alpha | (0.18) | |||
Total Risk Alpha | (0.45) | |||
Treynor Ratio | 0.9774 |
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Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for MTN Stock analysis
When running MTN's price analysis, check to measure MTN'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 MTN is operating at the current time. Most of MTN's value examination focuses on studying past and present price action to predict the probability of MTN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MTN's price. Additionally, you may evaluate how the addition of MTN to your portfolios can decrease your overall portfolio volatility.
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