Me Lin (Vietnam) Price on June 27, 2024
| MEL Stock | 7,300 700.00 10.61% |
If you're considering investing in MEL Stock, it is important to understand the factors that can impact its price. As of today, the current price of Me Lin stands at 7,300, as last reported on the 29th of December, with the highest price reaching 7,300 and the lowest price hitting 6,600 during the day. Me Lin appears to be very steady, given 3 months investment horizon. Me Lin Steel retains Efficiency (Sharpe Ratio) of 0.12, which conveys that the firm had a 0.12% return per unit of price deviation over the last 3 months. By inspecting Me Lin's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please exercise Me Lin's Market Risk Adjusted Performance of 0.2914, mean deviation of 4.52, and Standard Deviation of 5.51 to check out if our risk estimates are consistent with your expectations.
MEL Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MEL |
Sharpe Ratio = 0.1163
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Estimated Market Risk
| 6.46 actual daily | 57 57% of assets are less volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Me Lin is performing at about 9% 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 Me Lin by adding it to a well-diversified portfolio.
Me Lin Valuation on June 27, 2024
It is possible to determine the worth of Me Lin on a given historical date. On June 27, 2024 MEL was worth 6500.0 at the beginning of the trading date compared to the closed value of 6500.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Me Lin stock. Still, in general, we apply an absolute valuation method to find Me Lin'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 Me Lin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Me Lin's related companies.
| Open | High | Low | Close | Volume | |
| 6,600 | 6,800 | 6,500 | 6,800 | 2,900 | |
06/27/2024 | 6,500 | 6,500 | 6,500 | 6,500 | 400.00 |
| 6,800 | 6,800 | 6,500 | 6,600 | 1,900 |
| Backtest Me Lin | | | Me Lin History | Previous | Next |
Me Lin Trading Date Momentum on June 27, 2024
| On July 01 2024 Me Lin Steel was traded for 6,600 at the closing time. The maximum traded price for the trading interval was 6,800 and the lowest daily price was 6,500 . The daily volume was recorded at 1.9 K. The volume of trading on 1st of July 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 1.54% . The trading delta at closing time to the closing price today is 3.08% . |
Price Boundaries
Me Lin Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Me Lin Steel cannot be verified against its exchange. Please verify the symbol is currently traded on Vietnam Stocks. 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.
Me Lin December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Me Lin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Me Lin shares will generate the highest return on investment. By undertsting and applying Me Lin stock market strength indicators, traders can identify Me Lin Steel entry and exit signals to maximize returns
Me Lin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Me Lin's price direction in advance. Along with the technical and fundamental analysis of MEL Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MEL 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.