Methanex Stock Price on June 20, 2023

MX Stock  CAD 67.32  0.16  0.24%   
Below is the normalized historical share price chart for Methanex extending back to November 05, 1991. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Methanex stands at 67.32, as last reported on the 10th of December, with the highest price reaching 68.51 and the lowest price hitting 67.22 during the day.
200 Day MA
62.7465
50 Day MA
59.4916
Beta
1.806
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Methanex Stock, it is important to understand the factors that can impact its price. Methanex appears to be very steady, given 3 months investment horizon. Methanex has Sharpe Ratio of 0.3, which conveys that the firm had a 0.3% return per unit of risk over the last 3 months. By analyzing Methanex's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise Methanex's Risk Adjusted Performance of 0.1013, mean deviation of 1.4, and Downside Deviation of 2.42 to check out if our risk estimates are consistent with your expectations.
  
At this time, Methanex's Common Stock Shares Outstanding is very stable compared to the past year. As of the 10th of December 2024, Stock Based Compensation To Revenue is likely to grow to 0.01, while Total Stockholder Equity is likely to drop about 1.4 B. . At this time, Methanex's Price To Sales Ratio is very stable compared to the past year. As of the 10th of December 2024, Price To Free Cash Flows Ratio is likely to grow to 15.92, while Price Earnings Ratio is likely to drop 17.52. Methanex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.3045

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Estimated Market Risk

 1.68
  actual daily
14
86% of assets are more volatile

Expected Return

 0.51
  actual daily
10
90% of assets have higher returns

Risk-Adjusted Return

 0.3
  actual daily
23
77% of assets perform better
Based on monthly moving average Methanex is performing at about 23% 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 Methanex by adding it to a well-diversified portfolio.
Price Book
1.612
Enterprise Value Ebitda
7.3925
Price Sales
1.2312
Shares Float
66.9 M
Dividend Share
0.74

Methanex Valuation on June 20, 2023

It is possible to determine the worth of Methanex on a given historical date. On June 20, 2023 Methanex was worth 54.06 at the beginning of the trading date compared to the closed value of 53.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Methanex stock. Still, in general, we apply an absolute valuation method to find Methanex'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 Methanex where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Methanex's related companies.
 Open High Low Close Volume
  54.66    54.68    54.27    54.68    10,822  
06/20/2023
  54.06    54.06    52.24    53.06    96,265  
  52.76    53.94    52.72    53.12    61,140  
Backtest Methanex  |  Methanex History  |  Methanex Valuation   PreviousNext  
Open Value
54.06
53.06
Closing Value
59.09
Upside

Methanex Trading Date Momentum on June 20, 2023

On June 21 2023 Methanex was traded for  53.12  at the closing time. The highest daily price throughout the period was 53.94  and the lowest price was  52.72 . The daily volume was 61.1 K. The net trading volume on 06/21/2023 added to the next day price boost. The trading delta at closing time to closing price of the next trading day was 0.11% . The trading delta at closing time to current closing price is 0.26% .

Methanex Fundamentals Correlations and Trends

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

About Methanex Stock history

Methanex 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 Methanex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Methanex 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 Methanex stock prices may prove useful in developing a viable investing in Methanex
Last ReportedProjected for Next Year
Common Stock Shares Outstanding67.8 M94.1 M
Net Income Applicable To Common Shares318.4 M209.9 M

Methanex Quarterly Net Working Capital

422.18 Million

Methanex Stock Technical Analysis

Methanex 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 Methanex technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Methanex 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

Methanex Period Price Range

Low
December 10, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Methanex cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.

Methanex December 10, 2024 Market Strength

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

Methanex Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Methanex's price direction in advance. Along with the technical and fundamental analysis of Methanex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Methanex 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.
When determining whether Methanex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Methanex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Methanex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Methanex Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Please note, there is a significant difference between Methanex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Methanex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Methanex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.