Mantengu Mining (South Africa) Price on May 2, 2024
MTU Stock | 70.00 4.00 5.41% |
If you're considering investing in Mantengu Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mantengu Mining stands at 70.00, as last reported on the 30th of December, with the highest price reaching 72.00 and the lowest price hitting 70.00 during the day. Mantengu Mining has Sharpe Ratio of -0.0107, which conveys that the firm had a -0.0107% return per unit of risk over the last 3 months. Mantengu Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mantengu Mining's Risk Adjusted Performance of 0.0079, mean deviation of 4.29, and Standard Deviation of 6.84 to check out the risk estimate we provide.
Mantengu Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mantengu |
Sharpe Ratio = -0.0107
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Estimated Market Risk
6.96 actual daily | 61 61% of assets are less volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mantengu Mining 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 Mantengu Mining by adding Mantengu Mining to a well-diversified portfolio.
Mantengu Mining Valuation on May 2, 2024
It is possible to determine the worth of Mantengu Mining on a given historical date. On May 2, 2024 Mantengu was worth 70.0 at the beginning of the trading date compared to the closed value of 65.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mantengu Mining stock. Still, in general, we apply an absolute valuation method to find Mantengu Mining'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 Mantengu Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mantengu Mining's related companies.
Open | High | Low | Close | Volume | |
76.00 | 76.00 | 70.00 | 70.00 | 215,000 | |
05/02/2024 | 70.00 | 70.00 | 65.00 | 65.00 | 96,000 |
77.00 | 85.00 | 72.00 | 72.00 | 583,471 |
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Mantengu Mining Trading Date Momentum on May 2, 2024
On May 03 2024 Mantengu Mining was traded for 72.00 at the closing time. The highest price during the trading period was 85.00 and the lowest recorded bid was listed for 72.00 . The volume for the day was 583.5 K. This history from May 3, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 10.77% . The trading delta at closing time to the current price is 33.85% . |
Mantengu Mining Fundamentals Correlations and Trends
By evaluating Mantengu Mining'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 Mantengu Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mantengu financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mantengu Mining Stock history
Mantengu Mining 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 Mantengu is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mantengu Mining 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 Mantengu Mining stock prices may prove useful in developing a viable investing in Mantengu Mining
Mantengu Mining Stock Technical Analysis
Mantengu Mining 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
Mantengu Mining Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
Mantengu Mining cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
Mantengu Mining December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Mantengu Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mantengu Mining shares will generate the highest return on investment. By undertsting and applying Mantengu Mining stock market strength indicators, traders can identify Mantengu Mining entry and exit signals to maximize returns
Mantengu Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mantengu Mining's price direction in advance. Along with the technical and fundamental analysis of Mantengu Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mantengu 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 | 0.0079 | |||
Jensen Alpha | 0.0033 | |||
Total Risk Alpha | (0.21) | |||
Treynor Ratio | 0.0188 |
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Complementary Tools for Mantengu Stock analysis
When running Mantengu Mining's price analysis, check to measure Mantengu Mining'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 Mantengu Mining is operating at the current time. Most of Mantengu Mining's value examination focuses on studying past and present price action to predict the probability of Mantengu Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mantengu Mining's price. Additionally, you may evaluate how the addition of Mantengu Mining to your portfolios can decrease your overall portfolio volatility.
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