Metsa Board (Finland) Price on December 12, 2024
METSB Stock | EUR 4.27 0.06 1.39% |
If you're considering investing in Metsa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Metsa Board stands at 4.27, as last reported on the 13th of December 2024, with the highest price reaching 4.34 and the lowest price hitting 4.25 during the day. Metsa Board Oyj has Sharpe Ratio of -0.26, which conveys that the firm had a -0.26% return per unit of risk over the last 3 months. Metsa Board exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metsa Board's Risk Adjusted Performance of (0.19), mean deviation of 1.52, and Standard Deviation of 1.9 to check out the risk estimate we provide.
Metsa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Metsa |
Sharpe Ratio = -0.263
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Estimated Market Risk
1.94 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.51 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.26 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Metsa Board 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 Metsa Board by adding Metsa Board to a well-diversified portfolio.
Metsa Board Valuation on December 12, 2024
It is possible to determine the worth of Metsa Board on a given historical date. On December 12, 2024 Metsa was worth 4.33 at the beginning of the trading date compared to the closed value of 4.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Metsa Board stock. Still, in general, we apply an absolute valuation method to find Metsa Board'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 Metsa Board where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Metsa Board's related companies.
Open | High | Low | Close | Volume | |
4.38 | 4.43 | 4.32 | 4.33 | 413,496 | |
12/12/2024 | 4.33 | 4.34 | 4.25 | 4.27 | 386,112 |
Backtest Metsa Board | | | Metsa Board History | | | Metsa Board Valuation | Previous |
Metsa Board Trading Date Momentum on December 12, 2024
On December 12 2024 Metsa Board Oyj was traded for 4.27 at the closing time. The highest price during the trading period was 4.34 and the lowest recorded bid was listed for 4.25 . The volume for the day was 386.1 K. This history from December 12, 2024 did not cause price change. The trading delta at closing time to the current price is 1.41% . |
Metsa Board Oyj Fundamentals Correlations and Trends
By evaluating Metsa Board'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 Metsa Board's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Metsa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Metsa Board Stock history
Metsa Board 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 Metsa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Metsa Board Oyj 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 Metsa Board stock prices may prove useful in developing a viable investing in Metsa Board
Mets Board Oyj produces folding boxboard, food service boards and white kraftliners worldwide. The company was formerly known as M-real Corporation and changed its name to Mets Board Oyj in March 2012. Mets Board operates under Paper Products classification in Finland and is traded on Helsinki Exchange. It employs 2591 people.
Metsa Board Stock Technical Analysis
Metsa Board 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
Metsa Board Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Metsa Board Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki 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.
Metsa Board December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Metsa Board stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Metsa Board shares will generate the highest return on investment. By undertsting and applying Metsa Board stock market strength indicators, traders can identify Metsa Board Oyj entry and exit signals to maximize returns
Metsa Board Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Metsa Board's price direction in advance. Along with the technical and fundamental analysis of Metsa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Metsa 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 | (0.19) | |||
Jensen Alpha | (0.54) | |||
Total Risk Alpha | (0.78) | |||
Treynor Ratio | (2.29) |
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Volume Indicators |
Complementary Tools for Metsa Stock analysis
When running Metsa Board's price analysis, check to measure Metsa Board'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 Metsa Board is operating at the current time. Most of Metsa Board's value examination focuses on studying past and present price action to predict the probability of Metsa Board's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metsa Board's price. Additionally, you may evaluate how the addition of Metsa Board to your portfolios can decrease your overall portfolio volatility.
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