Meteoric Resources (Germany) Price on August 31, 2023
| RNF Stock | EUR 0.07 0 6.47% |
If you're considering investing in Meteoric Stock, it is important to understand the factors that can impact its price. As of today, the current price of Meteoric Resources stands at 0.07, as last reported on the 29th of November, with the highest price reaching 0.07 and the lowest price hitting 0.07 during the day. Meteoric Resources appears to be out of control, given 3 months investment horizon. Meteoric Resources has Sharpe Ratio of 0.0682, which conveys that the firm had a 0.0682% return per unit of risk over the last 3 months. By analyzing Meteoric Resources' technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please exercise Meteoric Resources' Risk Adjusted Performance of 0.0528, downside deviation of 16.67, and Mean Deviation of 6.89 to check out if our risk estimates are consistent with your expectations.
Meteoric Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Meteoric |
Sharpe Ratio = 0.0682
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Estimated Market Risk
| 11.98 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.82 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Meteoric Resources is performing at about 5% 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 Meteoric Resources by adding it to a well-diversified portfolio.
Meteoric Resources Valuation on August 31, 2023
It is possible to determine the worth of Meteoric Resources on a given historical date. On August 31, 2023 Meteoric was worth 0.12 at the beginning of the trading date compared to the closed value of 0.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Meteoric Resources stock. Still, in general, we apply an absolute valuation method to find Meteoric Resources' 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 Meteoric Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Meteoric Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.11 | 0.11 | 0.11 | 0.11 | 200.00 | |
08/31/2023 | 0.12 | 0.12 | 0.12 | 0.12 | 15,000 |
| 0.13 | 0.14 | 0.13 | 0.14 | 14,000 |
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Meteoric Resources Trading Date Momentum on August 31, 2023
| On September 01 2023 Meteoric Resources NL was traded for 0.14 at the closing time. The highest daily price throughout the period was 0.14 and the lowest price was 0.13 . The daily volume was 14 K. The net trading volume on 09/01/2023 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 16.67% . The trading delta at closing time to current closing price is 0.00% . |
Meteoric Resources Fundamentals Correlations and Trends
By evaluating Meteoric Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Meteoric Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Meteoric financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Meteoric Resources Stock history
Meteoric Resources 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 Meteoric is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Meteoric Resources 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 Meteoric Resources stock prices may prove useful in developing a viable investing in Meteoric Resources
Meteoric Resources NL explores for mineral tenements in Brazil, Canada, Western Australia, and Northern Territory. Meteoric Resources NL is was incorporated in 2004 and is based in West Perth, Australia. METEORIC RESOURCES operates under Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange.
Meteoric Resources Stock Technical Analysis
Meteoric Resources 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
Meteoric Resources Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Meteoric Resources NL cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Meteoric Resources November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Meteoric Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Meteoric Resources shares will generate the highest return on investment. By undertsting and applying Meteoric Resources stock market strength indicators, traders can identify Meteoric Resources NL entry and exit signals to maximize returns
Meteoric Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Meteoric Resources' price direction in advance. Along with the technical and fundamental analysis of Meteoric Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Meteoric 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 | 0.0528 | |||
| Jensen Alpha | 0.5199 | |||
| Total Risk Alpha | (1.16) | |||
| Sortino Ratio | 0.0342 | |||
| Treynor Ratio | 0.479 |
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Complementary Tools for Meteoric Stock analysis
When running Meteoric Resources' price analysis, check to measure Meteoric Resources' 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 Meteoric Resources is operating at the current time. Most of Meteoric Resources' value examination focuses on studying past and present price action to predict the probability of Meteoric Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meteoric Resources' price. Additionally, you may evaluate how the addition of Meteoric Resources to your portfolios can decrease your overall portfolio volatility.
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