Melewar Industrial (Malaysia) Price on September 23, 2024

3778 Stock   0.22  0.01  4.35%   
If you're considering investing in Melewar Stock, it is important to understand the factors that can impact its price. As of today, the current price of Melewar Industrial stands at 0.22, as last reported on the 14th of December 2024, with the highest price reaching 0.23 and the lowest price hitting 0.22 during the day. Melewar Industrial has Sharpe Ratio of -0.0829, which conveys that the firm had a -0.0829% return per unit of risk over the last 3 months. Melewar Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Melewar Industrial's Standard Deviation of 2.18, risk adjusted performance of (0.03), and Mean Deviation of 1.21 to check out the risk estimate we provide.
  
Melewar Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0829

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Estimated Market Risk

 2.17
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.18
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average Melewar Industrial 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 Melewar Industrial by adding Melewar Industrial to a well-diversified portfolio.

Melewar Industrial Valuation on September 23, 2024

It is possible to determine the worth of Melewar Industrial on a given historical date. On September 23, 2024 Melewar was worth 0.25 at the beginning of the trading date compared to the closed value of 0.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Melewar Industrial stock. Still, in general, we apply an absolute valuation method to find Melewar Industrial'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 Melewar Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Melewar Industrial's related companies.
 Open High Low Close Volume
  0.26    0.26    0.26    0.26    542,000  
09/23/2024
  0.25    0.25    0.25    0.25    99,800  
  0.25    0.25    0.25    0.25    99,400  
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Open Value
0.25
0.25
Closing Value
6.75
Upside

Melewar Industrial Trading Date Momentum on September 23, 2024

On September 24 2024 Melewar Industrial Group was traded for  0.25  at the closing time. The highest price during the trading period was 0.25  and the lowest recorded bid was listed for  0.25 . The volume for the day was 99.4 K. This history from September 24, 2024 did not cause price change. The trading delta at closing time to the current price is 0.00% .

Melewar Industrial Fundamentals Correlations and Trends

By evaluating Melewar Industrial'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 Melewar Industrial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Melewar financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Melewar Industrial Stock history

Melewar Industrial 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 Melewar is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Melewar Industrial 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 Melewar Industrial stock prices may prove useful in developing a viable investing in Melewar Industrial

Melewar Industrial Stock Technical Analysis

Melewar Industrial 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.
A focus of Melewar Industrial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Melewar Industrial trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Melewar Industrial Period Price Range

Low
December 14, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Melewar Industrial Group cannot be verified against its exchange. Please verify the symbol is currently traded on Kuala Lumpur 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.

Melewar Industrial December 14, 2024 Market Strength

Market strength indicators help investors to evaluate how Melewar Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Melewar Industrial shares will generate the highest return on investment. By undertsting and applying Melewar Industrial stock market strength indicators, traders can identify Melewar Industrial Group entry and exit signals to maximize returns

Melewar Industrial Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Melewar Industrial's price direction in advance. Along with the technical and fundamental analysis of Melewar Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Melewar 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.

Other Information on Investing in Melewar Stock

Melewar Industrial financial ratios help investors to determine whether Melewar Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Melewar with respect to the benefits of owning Melewar Industrial security.