UMEME (Uganda) Price on August 21, 2024
| UMEM Stock | 420.00 0.00 0.00% |
If you're considering investing in UMEME Stock, it is important to understand the factors that can impact its price. As of today, the current price of UMEME stands at 420.00, as last reported on the 28th of November, with the highest price reaching 420.00 and the lowest price hitting 420.00 during the day. UMEME LIMITED owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0319, which indicates the firm had a -0.0319% return per unit of volatility over the last 3 months. UMEME LIMITED exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UMEME's variance of 1.06, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
UMEME Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
UMEME |
Sharpe Ratio = -0.0319
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| Negative Returns | UMEM |
Estimated Market Risk
| 1.04 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average UMEME 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 UMEME by adding UMEME to a well-diversified portfolio.
UMEME Valuation on August 21, 2024
It is possible to determine the worth of UMEME on a given historical date. On August 21, 2024 UMEME was worth 435.0 at the beginning of the trading date compared to the closed value of 435.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of UMEME stock. Still, in general, we apply an absolute valuation method to find UMEME'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 UMEME where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against UMEME's related companies.
| Open | High | Low | Close | Volume | |
| 450.00 | 450.00 | 435.00 | 435.00 | 80,000 | |
08/21/2024 | 435.00 | 435.00 | 435.00 | 435.00 | 1.00 |
| 435.00 | 435.00 | 435.00 | 435.00 | 1.00 |
| Backtest UMEME | | | UMEME History | Previous | Next |
UMEME Trading Date Momentum on August 21, 2024
| On August 22 2024 UMEME LIMITED was traded for 435.00 at the closing time. The highest price during the trading period was 435.00 and the lowest recorded bid was listed for 435.00 . There was no trading activity during the period 1.0. Lack of trading volume on August 22, 2024 did not result in any price rise and fall. The trading price change to the current price is 1.04% . |
Price Boundaries
UMEME Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
UMEME LIMITED cannot be verified against its exchange. Please verify the symbol is currently traded on Uganda 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.
UMEME November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how UMEME stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading UMEME shares will generate the highest return on investment. By undertsting and applying UMEME stock market strength indicators, traders can identify UMEME LIMITED entry and exit signals to maximize returns
UMEME Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for UMEME's price direction in advance. Along with the technical and fundamental analysis of UMEME Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of UMEME 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 | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.13) |
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| Volume Indicators |
Additional Tools for UMEME Stock Analysis
When running UMEME's price analysis, check to measure UMEME'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 UMEME is operating at the current time. Most of UMEME's value examination focuses on studying past and present price action to predict the probability of UMEME's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UMEME's price. Additionally, you may evaluate how the addition of UMEME to your portfolios can decrease your overall portfolio volatility.