Philex Mining (Philippines) Price on December 12, 2024
PX Stock | 2.85 0.03 1.04% |
If you're considering investing in Philex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Philex Mining stands at 2.85, as last reported on the 13th of December 2024, with the highest price reaching 2.90 and the lowest price hitting 2.85 during the day. Philex Mining Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0094, which implies the firm had a -0.0094% return per unit of risk over the last 3 months. Philex Mining Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Philex Mining's Semi Deviation of 1.91, risk adjusted performance of 0.0252, and Coefficient Of Variation of 3934.66 to confirm the risk estimate we provide.
Philex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Philex |
Sharpe Ratio = -0.0094
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Estimated Market Risk
2.18 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Philex Mining 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 Philex Mining by adding Philex Mining to a well-diversified portfolio.
Philex Mining Valuation on December 12, 2024
It is possible to determine the worth of Philex Mining on a given historical date. On December 12, 2024 Philex was worth 2.88 at the beginning of the trading date compared to the closed value of 2.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Philex Mining stock. Still, in general, we apply an absolute valuation method to find Philex Mining'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 Philex Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Philex Mining's related companies.
Open | High | Low | Close | Volume | |
2.94 | 2.94 | 2.84 | 2.88 | 355,000 | |
12/12/2024 | 2.88 | 2.90 | 2.85 | 2.85 | 439,000 |
Backtest Philex Mining | | | Philex Mining History | | | Philex Mining Valuation | Previous |
Philex Mining Trading Date Momentum on December 12, 2024
On December 12 2024 Philex Mining Corp was traded for 2.85 at the closing time. The maximum traded price for the trading interval was 2.90 and the lowest daily price was 2.85 . The daily volume was recorded at 439 K. The volume of trading on 12th of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 1.05% . |
Philex Mining Corp Fundamentals Correlations and Trends
By evaluating Philex Mining'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 Philex Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Philex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Philex Mining Stock history
Philex Mining 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 Philex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Philex Mining Corp 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 Philex Mining stock prices may prove useful in developing a viable investing in Philex Mining
Philex Mining Stock Technical Analysis
Philex Mining 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
Philex Mining Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Philex Mining Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Philippine 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.
Philex Mining December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Philex Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Philex Mining shares will generate the highest return on investment. By undertsting and applying Philex Mining stock market strength indicators, traders can identify Philex Mining Corp entry and exit signals to maximize returns
Philex Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Philex Mining's price direction in advance. Along with the technical and fundamental analysis of Philex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Philex 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 | 0.0252 | |||
Jensen Alpha | 0.1534 | |||
Total Risk Alpha | (0.26) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | (0.04) |
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When running Philex Mining's price analysis, check to measure Philex Mining'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 Philex Mining is operating at the current time. Most of Philex Mining's value examination focuses on studying past and present price action to predict the probability of Philex Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Philex Mining's price. Additionally, you may evaluate how the addition of Philex Mining to your portfolios can decrease your overall portfolio volatility.
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