Mayville Engineering Co Stock Price on September 18, 2024

MEC Stock  USD 16.85  0.10  0.60%   
If you're considering investing in Mayville Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mayville Engineering stands at 16.85, as last reported on the 30th of November, with the highest price reaching 16.93 and the lowest price hitting 16.66 during the day. Mayville Engineering has Sharpe Ratio of -0.0465, which conveys that the firm had a -0.0465% return per unit of risk over the last 3 months. Mayville Engineering exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mayville Engineering's Standard Deviation of 3.46, mean deviation of 2.1, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide.
  
Mayville Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0465

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Estimated Market Risk

 3.46
  actual daily
30
70% of assets are more volatile

Expected Return

 -0.16
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average Mayville Engineering 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 Mayville Engineering by adding Mayville Engineering to a well-diversified portfolio.

Mayville Engineering Valuation on September 18, 2024

It is possible to determine the worth of Mayville Engineering on a given historical date. On September 18, 2024 Mayville was worth 19.39 at the beginning of the trading date compared to the closed value of 19.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mayville Engineering stock. Still, in general, we apply an absolute valuation method to find Mayville Engineering'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 Mayville Engineering where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mayville Engineering's related companies.
 Open High Low Close Volume
  19.50    19.92    19.23    19.56    72,455  
09/18/2024
  19.39    20.17    19.34    19.50    114,723  
  20.04    20.47    19.61    20.33    122,697  
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Open Value
19.39
19.5
Closing Value
29.78
Upside

Mayville Engineering Trading Date Momentum on September 18, 2024

On September 19 2024 Mayville Engineering Co was traded for  20.33  at the closing time. Highest Mayville Engineering's price during the trading hours was 20.47  and the lowest price during the day was  19.61 . The net volume was 122.7 K. The overall trading history on the 19th of September contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 4.26% . The trading delta at closing time to current price is 9.85% .

Mayville Engineering Fundamentals Correlations and Trends

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

About Mayville Engineering Stock history

Mayville Engineering 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 Mayville is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mayville Engineering 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 Mayville Engineering stock prices may prove useful in developing a viable investing in Mayville Engineering
Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets in the United States. The company was founded in 1945 and is headquartered in Mayville, Wisconsin. Mayville Engineering operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. It employs 2200 people.

Mayville Engineering Stock Technical Analysis

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

Mayville Engineering Period Price Range

Low
November 30, 2024
0.00  NaN%
High

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 0.00 

Mayville Engineering Co cannot be verified against its exchange. Please verify the symbol is currently traded on New York 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.

Mayville Engineering November 30, 2024 Market Strength

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

Mayville Engineering Technical and Predictive Indicators

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

Complementary Tools for Mayville Stock analysis

When running Mayville Engineering's price analysis, check to measure Mayville Engineering'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 Mayville Engineering is operating at the current time. Most of Mayville Engineering's value examination focuses on studying past and present price action to predict the probability of Mayville Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mayville Engineering's price. Additionally, you may evaluate how the addition of Mayville Engineering to your portfolios can decrease your overall portfolio volatility.
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