CMC Corp (Vietnam) Price on May 3, 2024
| CMG Stock | 55,500 400.00 0.72% |
If you're considering investing in CMC Stock, it is important to understand the factors that can impact its price. As of today, the current price of CMC Corp stands at 55,500, as last reported on the 27th of December, with the highest price reaching 56,800 and the lowest price hitting 52,000 during the day. As of now, CMC Stock is very steady. CMC Corp retains Efficiency (Sharpe Ratio) of 0.0737, which signifies that the company had a 0.0737% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CMC Corp, which you can use to evaluate the volatility of the firm. Please confirm CMC Corp's market risk adjusted performance of 0.1788, and Coefficient Of Variation of 1590.89 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
CMC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CMC |
Sharpe Ratio = 0.0737
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Estimated Market Risk
| 2.2 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average CMC Corp is performing at about 5% 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 CMC Corp by adding it to a well-diversified portfolio.
CMC Corp Valuation on May 3, 2024
It is possible to determine the worth of CMC Corp on a given historical date. On May 3, 2024 CMC was worth 46200.0 at the beginning of the trading date compared to the closed value of 45100.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CMC Corp stock. Still, in general, we apply an absolute valuation method to find CMC Corp'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 CMC Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CMC Corp's related companies.
| Open | High | Low | Close | Volume | |
| 45,400 | 46,600 | 44,400 | 46,150 | 1,369,600 | |
05/03/2024 | 46,200 | 46,600 | 45,100 | 45,100 | 1,141,300 |
| 45,400 | 47,000 | 44,500 | 46,850 | 1,555,400 |
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CMC Corp Trading Date Momentum on May 3, 2024
| On May 06 2024 CMC Corp was traded for 46,850 at the closing time. The maximum traded price for the trading interval was 47,000 and the lowest daily price was 44,500 . The daily volume was recorded at 1.6 M. The volume of trading on 6th of May 2024 played a part in the next trading day price boost. The overall trading delta to the next closing price was 3.88% . The overall trading delta to the closing price today is 33.04% . |
Price Boundaries
CMC Corp Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
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CMC Corp December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how CMC Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CMC Corp shares will generate the highest return on investment. By undertsting and applying CMC Corp stock market strength indicators, traders can identify CMC Corp entry and exit signals to maximize returns
CMC Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CMC Corp's price direction in advance. Along with the technical and fundamental analysis of CMC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CMC 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.