Mayer Steel (Taiwan) Price on December 13, 2024
2020 Stock | TWD 28.15 0.15 0.53% |
If you're considering investing in Mayer Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mayer Steel stands at 28.15, as last reported on the 14th of December 2024, with the highest price reaching 28.35 and the lowest price hitting 28.15 during the day. Mayer Steel exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mayer Steel's Mean Deviation of 0.864, risk adjusted performance of 0.0287, and Downside Deviation of 1.07 to check out the risk estimate we provide.
Mayer Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mayer |
Sharpe Ratio = 0.0
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Negative Returns | 2020 |
Estimated Market Risk
1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mayer Steel 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 Mayer Steel by adding Mayer Steel to a well-diversified portfolio.
Mayer Steel Valuation on December 13, 2024
It is possible to determine the worth of Mayer Steel on a given historical date. On December 13, 2024 Mayer was worth 28.3 at the beginning of the trading date compared to the closed value of 28.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mayer Steel stock. Still, in general, we apply an absolute valuation method to find Mayer Steel'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 Mayer Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mayer Steel's related companies.
Open | High | Low | Close | Volume | |
28.40 | 28.55 | 28.30 | 28.30 | 444,121 | |
12/13/2024 | 28.30 | 28.35 | 28.15 | 28.15 | 314,189 |
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Mayer Steel Trading Date Momentum on December 13, 2024
On December 13 2024 Mayer Steel Pipe was traded for 28.15 at the closing time. The highest price during the trading period was 28.35 and the lowest recorded bid was listed for 28.15 . The volume for the day was 314.2 K. This history from December 13, 2024 did not cause price change. The trading delta at closing time to the current price is 0.53% . |
Mayer Steel Pipe Fundamentals Correlations and Trends
By evaluating Mayer Steel'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 Mayer Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mayer financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mayer Steel Stock history
Mayer Steel 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 Mayer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mayer Steel Pipe 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 Mayer Steel stock prices may prove useful in developing a viable investing in Mayer Steel
Mayer Steel Pipe Corporation manufactures steel pipes and tubular products in Taiwan. Mayer Steel Pipe Corporation was founded in 1959 and is headquartered in Taipei City, Taiwan. MAYER STEEL operates under Steel classification in Taiwan and is traded on Taiwan Stock Exchange.
Mayer Steel Stock Technical Analysis
Mayer Steel 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
Mayer Steel Period Price Range
Low | December 14, 2024
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0.00 | 0.00 |
Mayer Steel Pipe cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan 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.
Mayer Steel December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Mayer Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mayer Steel shares will generate the highest return on investment. By undertsting and applying Mayer Steel stock market strength indicators, traders can identify Mayer Steel Pipe entry and exit signals to maximize returns
Mayer Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mayer Steel's price direction in advance. Along with the technical and fundamental analysis of Mayer Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mayer 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 | 0.0287 | |||
Jensen Alpha | 0.0448 | |||
Total Risk Alpha | (0.13) | |||
Sortino Ratio | (0.05) | |||
Treynor Ratio | (0.27) |
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Additional Tools for Mayer Stock Analysis
When running Mayer Steel's price analysis, check to measure Mayer Steel'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 Mayer Steel is operating at the current time. Most of Mayer Steel's value examination focuses on studying past and present price action to predict the probability of Mayer Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mayer Steel's price. Additionally, you may evaluate how the addition of Mayer Steel to your portfolios can decrease your overall portfolio volatility.