Minetech Resources (Malaysia) Price on September 25, 2024

7219 Stock   0.13  0.01  7.14%   
If you're considering investing in Minetech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Minetech Resources stands at 0.13, as last reported on the 3rd of December, with the highest price reaching 0.14 and the lowest price hitting 0.13 during the day. Minetech Resources Bhd has Sharpe Ratio of -0.0044, which conveys that the firm had a -0.0044% return per unit of risk over the last 3 months. Minetech Resources exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Minetech Resources' Risk Adjusted Performance of 0.0241, downside deviation of 7.16, and Mean Deviation of 2.21 to check out the risk estimate we provide.
  
Minetech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0044

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Negative Returns7219

Estimated Market Risk

 4.51
  actual daily
40
60% of assets are more volatile

Expected Return

 -0.02
  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 Minetech Resources 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 Minetech Resources by adding Minetech Resources to a well-diversified portfolio.

Minetech Resources Valuation on September 25, 2024

It is possible to determine the worth of Minetech Resources on a given historical date. On September 25, 2024 Minetech was worth 0.14 at the beginning of the trading date compared to the closed value of 0.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Minetech Resources stock. Still, in general, we apply an absolute valuation method to find Minetech Resources' 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 Minetech Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Minetech Resources' related companies.
 Open High Low Close Volume
  0.14    0.14    0.13    0.14    3,739,100  
09/25/2024
  0.14    0.14    0.14    0.14    20,267,400  
  0.14    0.14    0.14    0.14    1,576,100  
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Open Value
0.14
0.14
Closing Value
13.67
Upside

Minetech Resources Trading Date Momentum on September 25, 2024

On September 26 2024 Minetech Resources Bhd was traded for  0.14  at the closing time. The highest price during the trading period was 0.14  and the lowest recorded bid was listed for  0.14 . The volume for the day was 1.6 M. This history from September 26, 2024 did not cause price change. The trading delta at closing time to the current price is 0.00% .

Minetech Resources Bhd Fundamentals Correlations and Trends

By evaluating Minetech Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Minetech Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Minetech financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Minetech Resources Stock history

Minetech Resources 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 Minetech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Minetech Resources Bhd 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 Minetech Resources stock prices may prove useful in developing a viable investing in Minetech Resources

Minetech Resources Stock Technical Analysis

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

Minetech Resources Period Price Range

Low
December 3, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Minetech Resources Bhd cannot be verified against its exchange. Please verify the symbol is currently traded on Kuala Lumpur 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.

Minetech Resources December 3, 2024 Market Strength

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

Minetech Resources Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Minetech Resources' price direction in advance. Along with the technical and fundamental analysis of Minetech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Minetech 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.

Other Information on Investing in Minetech Stock

Minetech Resources financial ratios help investors to determine whether Minetech Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Minetech with respect to the benefits of owning Minetech Resources security.