Myers Industries Stock Price on November 29, 2024
MYE Stock | USD 12.53 0.45 3.73% |
If you're considering investing in Myers Stock, it is important to understand the factors that can impact its price. As of today, the current price of Myers Industries stands at 12.53, as last reported on the 11th of December 2024, with the highest price reaching 12.61 and the lowest price hitting 12.22 during the day. Myers Industries has Sharpe Ratio of -0.0173, which conveys that the firm had a -0.0173% return per unit of risk over the last 3 months. Myers Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Myers Industries' Risk Adjusted Performance of (0.01), mean deviation of 2.03, and Standard Deviation of 2.68 to check out the risk estimate we provide.
Myers Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Myers |
Sharpe Ratio = -0.0173
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Estimated Market Risk
2.68 actual daily | 23 77% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Myers Industries 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 Myers Industries by adding Myers Industries to a well-diversified portfolio.
Related Headline
O I Headline on 29th of November 2024
Disposition of 1380 shares by Darrow Abrahams of O I at 12.6... by Darrow Abrahams
Filed transaction by O I Glass Officer: Svp, Gc & Corporate Secretary. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Myers Industries Valuation on November 29, 2024
It is possible to determine the worth of Myers Industries on a given historical date. On November 29, 2024 Myers was worth 11.65 at the beginning of the trading date compared to the closed value of 11.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Myers Industries stock. Still, in general, we apply an absolute valuation method to find Myers Industries' 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 Myers Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Myers Industries' related companies.
Open | High | Low | Close | Volume | |
11.26 | 11.63 | 11.21 | 11.32 | 813,552 | |
11/29/2024 | 11.65 | 11.83 | 11.46 | 11.47 | 533,924 |
11.67 | 11.95 | 11.37 | 11.90 | 889,047 |
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Myers Industries Trading Date Momentum on November 29, 2024
On December 02 2024 Myers Industries was traded for 11.90 at the closing time. Highest Myers Industries's price during the trading hours was 11.95 and the lowest price during the day was 11.37 . The net volume was 889 K. The overall trading history on the 2nd of December contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 3.75% . The trading delta at closing time to current price is 4.88% . |
Myers Industries Fundamentals Correlations and Trends
By evaluating Myers Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Myers Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Myers financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Myers Industries Stock history
Myers Industries 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 Myers is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Myers Industries 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 Myers Industries stock prices may prove useful in developing a viable investing in Myers Industries
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. The company was founded in 1933 and is headquartered in Akron, Ohio. Myers Industries operates under Packaging Containers classification in the United States and is traded on New York Stock Exchange. It employs 2725 people.
Myers Industries Stock Technical Analysis
Myers Industries 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
Myers Industries Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Myers Industries December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Myers Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Myers Industries shares will generate the highest return on investment. By undertsting and applying Myers Industries stock market strength indicators, traders can identify Myers Industries entry and exit signals to maximize returns
Myers Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Myers Industries' price direction in advance. Along with the technical and fundamental analysis of Myers Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Myers 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 | (0.01) | |||
Jensen Alpha | (0.24) | |||
Total Risk Alpha | (0.48) | |||
Treynor Ratio | (0.04) |
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Complementary Tools for Myers Stock analysis
When running Myers Industries' price analysis, check to measure Myers Industries' 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 Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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