Mercan Kimya (Turkey) Price on September 26, 2023

MERCN Stock   12.10  0.31  2.50%   
If you're considering investing in Mercan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mercan Kimya stands at 12.10, as last reported on the 23rd of December, with the highest price reaching 12.45 and the lowest price hitting 12.06 during the day. Mercan Kimya Sanayi has Sharpe Ratio of -0.021, which conveys that the firm had a -0.021% return per unit of risk over the last 3 months. Mercan Kimya exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercan Kimya's Mean Deviation of 1.71, risk adjusted performance of (0.04), and Standard Deviation of 2.45 to check out the risk estimate we provide.
  
Mercan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.021

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Estimated Market Risk

 2.39
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.05
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Mercan Kimya 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 Mercan Kimya by adding Mercan Kimya to a well-diversified portfolio.

Mercan Kimya Valuation on September 26, 2023

It is possible to determine the worth of Mercan Kimya on a given historical date. On September 26, 2023 Mercan was worth 15.91 at the beginning of the trading date compared to the closed value of 16.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mercan Kimya stock. Still, in general, we apply an absolute valuation method to find Mercan Kimya'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 Mercan Kimya where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mercan Kimya's related companies.
 Open High Low Close Volume
  14.25    15.50    13.77    15.35    9,532,120  
09/26/2023
  15.91    16.89    15.35    16.46    13,351,973  
  16.46    16.57    14.99    14.99    9,317,863  
Backtest Mercan Kimya  |  Mercan Kimya History  PreviousNext  
Open Value
15.91
16.46
Closing Value
23.08
Upside

Mercan Kimya Trading Date Momentum on September 26, 2023

On September 27 2023 Mercan Kimya Sanayi was traded for  14.99  at the closing time. The highest price during the trading period was 16.57  and the lowest recorded bid was listed for  14.99 . The volume for the day was 9.3 M. This history from September 27, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 8.93% . The trading delta at closing time to the current price is 18.04% .

Price Boundaries

Mercan Kimya Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Mercan Kimya Sanayi cannot be verified against its exchange. Please verify the symbol is currently traded on Istanbul Stock 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.

Mercan Kimya December 23, 2024 Market Strength

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

Mercan Kimya Technical and Predictive Indicators

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

Complementary Tools for Mercan Stock analysis

When running Mercan Kimya's price analysis, check to measure Mercan Kimya'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 Mercan Kimya is operating at the current time. Most of Mercan Kimya's value examination focuses on studying past and present price action to predict the probability of Mercan Kimya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercan Kimya's price. Additionally, you may evaluate how the addition of Mercan Kimya to your portfolios can decrease your overall portfolio volatility.
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