Multilaser Industrial (Brazil) Price on February 23, 2024
MLAS3 Stock | 1.27 0.13 9.29% |
If you're considering investing in Multilaser Stock, it is important to understand the factors that can impact its price. As of today, the current price of Multilaser Industrial stands at 1.27, as last reported on the 2nd of December, with the highest price reaching 1.29 and the lowest price hitting 1.20 during the day. Multilaser Industrial has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Multilaser Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multilaser Industrial's Mean Deviation of 2.5, standard deviation of 3.27, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide.
Multilaser Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Multilaser |
Sharpe Ratio = -0.1568
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Estimated Market Risk
3.29 actual daily | 29 71% of assets are more volatile |
Expected Return
-0.52 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Multilaser 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 Multilaser Industrial by adding Multilaser Industrial to a well-diversified portfolio.
Multilaser Industrial Valuation on February 23, 2024
It is possible to determine the worth of Multilaser Industrial on a given historical date. On February 23, 2024 Multilaser was worth 2.11 at the beginning of the trading date compared to the closed value of 2.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Multilaser Industrial stock. Still, in general, we apply an absolute valuation method to find Multilaser 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 Multilaser Industrial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Multilaser Industrial's related companies.
Open | High | Low | Close | Volume | |
2.03 | 2.10 | 2.01 | 2.09 | 1,600,800 | |
02/23/2024 | 2.11 | 2.12 | 2.01 | 2.01 | 1,077,900 |
2.03 | 2.09 | 2.02 | 2.06 | 1,506,400 |
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Multilaser Industrial Trading Date Momentum on February 23, 2024
On February 26 2024 Multilaser Industrial SA was traded for 2.06 at the closing time. The highest price during the trading period was 2.09 and the lowest recorded bid was listed for 2.02 . The volume for the day was 1.5 M. This history from February 26, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 2.49% . The trading delta at closing time to the current price is 7.96% . |
Multilaser Industrial Fundamentals Correlations and Trends
By evaluating Multilaser 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 Multilaser Industrial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Multilaser financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Multilaser Industrial Stock history
Multilaser 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 Multilaser is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Multilaser 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 Multilaser Industrial stock prices may prove useful in developing a viable investing in Multilaser Industrial
Multilaser Industrial Stock Technical Analysis
Multilaser 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.
Price Boundaries
Multilaser Industrial Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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Multilaser Industrial December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Multilaser 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 Multilaser Industrial shares will generate the highest return on investment. By undertsting and applying Multilaser Industrial stock market strength indicators, traders can identify Multilaser Industrial SA entry and exit signals to maximize returns
Multilaser Industrial Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Multilaser Industrial's price direction in advance. Along with the technical and fundamental analysis of Multilaser Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Multilaser 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 | (0.13) | |||
Jensen Alpha | (0.57) | |||
Total Risk Alpha | (1.13) | |||
Treynor Ratio | 5.98 |
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Additional Tools for Multilaser Stock Analysis
When running Multilaser Industrial's price analysis, check to measure Multilaser Industrial'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 Multilaser Industrial is operating at the current time. Most of Multilaser Industrial's value examination focuses on studying past and present price action to predict the probability of Multilaser Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Multilaser Industrial's price. Additionally, you may evaluate how the addition of Multilaser Industrial to your portfolios can decrease your overall portfolio volatility.