Metalla Royalty (Germany) Price on November 18, 2024
X9C Stock | EUR 2.58 0.09 3.37% |
If you're considering investing in Metalla Stock, it is important to understand the factors that can impact its price. As of today, the current price of Metalla Royalty stands at 2.58, as last reported on the 14th of December 2024, with the highest price reaching 2.58 and the lowest price hitting 2.58 during the day. Metalla Royalty Streaming has Sharpe Ratio of -0.0328, which conveys that the firm had a -0.0328% return per unit of risk over the last 3 months. Metalla Royalty exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metalla Royalty's Risk Adjusted Performance of (0.01), standard deviation of 3.69, and Mean Deviation of 2.68 to check out the risk estimate we provide.
Metalla Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Metalla |
Sharpe Ratio = -0.0328
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Estimated Market Risk
3.69 actual daily | 32 68% of assets are more volatile |
Expected Return
-0.12 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 Metalla Royalty 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 Metalla Royalty by adding Metalla Royalty to a well-diversified portfolio.
Metalla Royalty Valuation on November 18, 2024
It is possible to determine the worth of Metalla Royalty on a given historical date. On November 18, 2024 Metalla was worth 2.65 at the beginning of the trading date compared to the closed value of 3.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Metalla Royalty stock. Still, in general, we apply an absolute valuation method to find Metalla Royalty'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 Metalla Royalty where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Metalla Royalty's related companies.
Open | High | Low | Close | Volume | |
2.86 | 2.86 | 2.86 | 2.86 | 1.00 | |
11/18/2024 | 2.65 | 3.01 | 2.65 | 3.01 | 2,508 |
2.87 | 2.87 | 2.87 | 2.87 | 2,508 |
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Metalla Royalty Trading Date Momentum on November 18, 2024
On November 19 2024 Metalla Royalty Streaming was traded for 2.87 at the closing time. The highest daily price throughout the period was 2.87 and the lowest price was 2.87 . The daily volume was 2.5 K. The net trading volume on 11/19/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 4.65% . The trading delta at closing time to current closing price is 5.65% . |
Metalla Royalty Streaming Fundamentals Correlations and Trends
By evaluating Metalla Royalty'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 Metalla Royalty's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Metalla financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Metalla Royalty Stock history
Metalla Royalty 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 Metalla is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Metalla Royalty Streaming 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 Metalla Royalty stock prices may prove useful in developing a viable investing in Metalla Royalty
Metalla Royalty Streaming Ltd., a precious metals royalty and streaming company, engages in the acquisition and management of precious metal royalties, streams, and related production-based interests in Canada, Australia, Argentina, Mexico, and the United States. Metalla Royalty Streaming Ltd. was incorporated in 1983 and is headquartered in Vancouver, Canada. METALLA ROYAL operates under Other Precious Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4 people.
Metalla Royalty Stock Technical Analysis
Metalla Royalty 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
Metalla Royalty Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Metalla Royalty Streaming 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.
Metalla Royalty December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Metalla Royalty stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Metalla Royalty shares will generate the highest return on investment. By undertsting and applying Metalla Royalty stock market strength indicators, traders can identify Metalla Royalty Streaming entry and exit signals to maximize returns
Metalla Royalty Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Metalla Royalty's price direction in advance. Along with the technical and fundamental analysis of Metalla Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Metalla 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 | (0.16) | |||
Total Risk Alpha | (0.57) | |||
Treynor Ratio | (0.22) |
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Complementary Tools for Metalla Stock analysis
When running Metalla Royalty's price analysis, check to measure Metalla Royalty'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 Metalla Royalty is operating at the current time. Most of Metalla Royalty's value examination focuses on studying past and present price action to predict the probability of Metalla Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalla Royalty's price. Additionally, you may evaluate how the addition of Metalla Royalty to your portfolios can decrease your overall portfolio volatility.
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