Matrix Service Co Stock Price on April 7, 2024
| MTRX Stock | USD 13.26 0.04 0.30% |
If you're considering investing in Matrix Stock, it is important to understand the factors that can impact its price. As of today, the current price of Matrix Service stands at 13.26, as last reported on the 2nd of December, with the highest price reaching 13.40 and the lowest price hitting 13.10 during the day. Matrix Service appears to be not too volatile, given 3 months investment horizon. Matrix Service has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Matrix Service's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise Matrix Service's Risk Adjusted Performance of 0.1473, mean deviation of 1.96, and Downside Deviation of 1.68 to check out if our risk estimates are consistent with your expectations.
Matrix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Matrix |
Sharpe Ratio = 0.1828
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Estimated Market Risk
| 3.19 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Matrix Service is performing at about 14% 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 Matrix Service by adding it to a well-diversified portfolio.
Matrix Service Valuation on April 7, 2024
It is possible to determine the worth of Matrix Service on a given historical date. On April 7, 2024 Matrix was worth 12.88 at the beginning of the trading date compared to the closed value of 13.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Matrix Service stock. Still, in general, we apply an absolute valuation method to find Matrix Service'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 Matrix Service where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Matrix Service's related companies.
| Open | High | Low | Close | Volume | |
| 13.07 | 13.35 | 12.87 | 12.91 | 120,878 | |
04/05/2024 | 12.88 | 13.26 | 12.88 | 13.14 | 143,556 |
| 13.22 | 13.43 | 13.10 | 13.15 | 88,688 |
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Matrix Service Trading Date Momentum on April 7, 2024
| On April 08 2024 Matrix Service Co was traded for 13.15 at the closing time. The top price for the day was 13.43 and the lowest listed price was 13.10 . The trading volume for the day was 88.7 K. The trading history from April 8, 2024 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 0.08% . The trading delta at closing time against the current closing price is 7.00% . |
Matrix Service Fundamentals Correlations and Trends
By evaluating Matrix Service'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 Matrix Service's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Matrix financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Matrix Service Stock history
Matrix Service 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 Matrix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Matrix Service 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 Matrix Service stock prices may prove useful in developing a viable investing in Matrix Service
Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, South Korea, Australia, and internationally. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma. Matrix Service operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. It employs 2810 people.
Matrix Service Stock Technical Analysis
Matrix Service 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
Matrix Service Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Matrix Service Co cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Matrix Service December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Matrix Service stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Matrix Service shares will generate the highest return on investment. By undertsting and applying Matrix Service stock market strength indicators, traders can identify Matrix Service Co entry and exit signals to maximize returns
Matrix Service Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Matrix Service's price direction in advance. Along with the technical and fundamental analysis of Matrix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Matrix 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 | 0.1473 | |||
| Jensen Alpha | 0.4966 | |||
| Total Risk Alpha | 0.0406 | |||
| Sortino Ratio | 0.2654 | |||
| Treynor Ratio | 0.9598 |
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Additional Tools for Matrix Stock Analysis
When running Matrix Service's price analysis, check to measure Matrix Service'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 Matrix Service is operating at the current time. Most of Matrix Service's value examination focuses on studying past and present price action to predict the probability of Matrix Service's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Matrix Service's price. Additionally, you may evaluate how the addition of Matrix Service to your portfolios can decrease your overall portfolio volatility.