Mercan Kimya (Turkey) Price on August 22, 2023

MERCN Stock   12.10  0.31  2.50%   
If you're considering investing in Mercan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mercan Kimya stands at 12.10, as last reported on the 23rd of December, with the highest price reaching 12.45 and the lowest price hitting 12.06 during the day. Mercan Kimya Sanayi has Sharpe Ratio of -0.021, which conveys that the firm had a -0.021% return per unit of risk over the last 3 months. Mercan Kimya exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercan Kimya's Mean Deviation of 1.71, risk adjusted performance of (0.04), and Standard Deviation of 2.45 to check out the risk estimate we provide.
  
Mercan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.021

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsMERCN

Estimated Market Risk

 2.39
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.05
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Mercan Kimya 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 Mercan Kimya by adding Mercan Kimya to a well-diversified portfolio.

Mercan Kimya Valuation on August 22, 2023

It is possible to determine the worth of Mercan Kimya on a given historical date. On August 22, 2023 Mercan was worth 12.64 at the beginning of the trading date compared to the closed value of 13.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mercan Kimya stock. Still, in general, we apply an absolute valuation method to find Mercan Kimya'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 Mercan Kimya where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mercan Kimya's related companies.
 Open High Low Close Volume
  12.56    12.74    12.20    12.60    2,863,854  
08/22/2023
  12.64    13.57    12.54    13.44    4,812,689  
  13.44    13.50    12.93    13.24    2,639,865  
Backtest Mercan Kimya  |  Mercan Kimya History  PreviousNext  
Open Value
12.64
13.44
Closing Value
19.81
Upside

Mercan Kimya Trading Date Momentum on August 22, 2023

On August 23 2023 Mercan Kimya Sanayi was traded for  13.24  at the closing time. The highest price during the trading period was 13.50  and the lowest recorded bid was listed for  12.93 . The volume for the day was 2.6 M. This history from August 23, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.49% . The trading delta at closing time to the current price is 5.95% .

Price Boundaries

Mercan Kimya Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Mercan Kimya Sanayi cannot be verified against its exchange. Please verify the symbol is currently traded on Istanbul 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.

Mercan Kimya December 23, 2024 Market Strength

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

Mercan Kimya Technical and Predictive Indicators

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

When running Mercan Kimya's price analysis, check to measure Mercan Kimya'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 Mercan Kimya is operating at the current time. Most of Mercan Kimya's value examination focuses on studying past and present price action to predict the probability of Mercan Kimya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercan Kimya's price. Additionally, you may evaluate how the addition of Mercan Kimya to your portfolios can decrease your overall portfolio volatility.
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Transaction History
View history of all your transactions and understand their impact on performance
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.