Midway (Australia) Price on November 18, 2024
| MWY Stock | 1.24 0.01 0.80% |
Below is the normalized historical share price chart for Midway extending back to December 08, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Midway stands at 1.24, as last reported on the 3rd of December, with the highest price reaching 1.25 and the lowest price hitting 1.24 during the day.
If you're considering investing in Midway Stock, it is important to understand the factors that can impact its price. Midway appears to be abnormally volatile, given 3 months investment horizon. Midway has Sharpe Ratio of 0.0908, which conveys that the firm had a 0.0908% return per unit of risk over the last 3 months. By analyzing Midway's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please exercise Midway's Risk Adjusted Performance of 0.0689, downside deviation of 4.89, and Mean Deviation of 2.98 to check out if our risk estimates are consistent with your expectations.
At this time, Midway's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to 1.05 in 2024, whereas Total Stockholder Equity is likely to drop slightly above 101.8 M in 2024. . Midway Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.8108 | 50 Day MA 0.9381 | Beta 0.857 |
Midway |
Sharpe Ratio = 0.0908
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MWY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 8.27 actual daily | 73 73% of assets are less volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Midway 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 Midway by adding it to a well-diversified portfolio.
Price Book 0.7521 | Enterprise Value Ebitda 8.5271 | Price Sales 0.3939 | Shares Float 42.2 M | Dividend Share 0.016 |
Midway Valuation on November 18, 2024
It is possible to determine the worth of Midway on a given historical date. On November 18, 2024 Midway was worth 1.25 at the beginning of the trading date compared to the closed value of 1.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Midway stock. Still, in general, we apply an absolute valuation method to find Midway'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 Midway where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Midway's related companies.
| Open | High | Low | Close | Volume | |
| 1.23 | 1.25 | 1.23 | 1.25 | 1,227,172 | |
11/18/2024 | 1.25 | 1.25 | 1.25 | 1.25 | 425,414 |
| 1.25 | 1.25 | 1.24 | 1.24 | 157,693 |
| Backtest Midway | | | Midway History | | | Midway Valuation | Previous | Next |
Midway Trading Date Momentum on November 18, 2024
| On November 19 2024 Midway was traded for 1.24 at the closing time. The maximum traded price for the trading interval was 1.25 and the lowest daily price was 1.24 . The daily volume was recorded at 157.7 K. The volume of trading on 19th of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.80% . The trading delta at closing time to the closing price today is 0.00% . |
Midway Fundamentals Correlations and Trends
By evaluating Midway'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 Midway's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Midway financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Midway Stock history
Midway 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 Midway is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Midway 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 Midway stock prices may prove useful in developing a viable investing in Midway
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 89.8 M | 89.2 M | |
| Net Loss | -2.5 M | -2.4 M |
Midway Stock Technical Analysis
Midway 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
Midway Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Midway cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.
Midway December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Midway stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Midway shares will generate the highest return on investment. By undertsting and applying Midway stock market strength indicators, traders can identify Midway entry and exit signals to maximize returns
Midway Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Midway's price direction in advance. Along with the technical and fundamental analysis of Midway Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Midway 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 | 0.0689 | |||
| Jensen Alpha | 0.548 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.1065 | |||
| Treynor Ratio | 0.833 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Midway Stock Analysis
When running Midway's price analysis, check to measure Midway'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 Midway is operating at the current time. Most of Midway's value examination focuses on studying past and present price action to predict the probability of Midway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midway's price. Additionally, you may evaluate how the addition of Midway to your portfolios can decrease your overall portfolio volatility.