MEGA METAL (Turkey) Performance
| MEGMT Stock | 29.98 0.68 2.32% |
The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MEGA METAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding MEGA METAL is expected to be smaller as well. At this point, MEGA METAL has a negative expected return of -0.0796%. Please make sure to verify MEGA METAL's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if MEGA METAL performance from the past will be repeated in the future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days MEGA METAL has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong forward indicators, MEGA METAL is not utilizing all of its potentials. The recent stock price confusion, may contribute to short-horizon losses for the traders. ...more
MEGA |
MEGA METAL Relative Risk vs. Return Landscape
If you would invest 3,190 in MEGA METAL on December 21, 2024 and sell it today you would lose (192.00) from holding MEGA METAL or give up 6.02% of portfolio value over 90 days. MEGA METAL is generating negative expected returns and assumes 1.9703% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than MEGA, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MEGA METAL Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEGA METAL's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as MEGA METAL, and traders can use it to determine the average amount a MEGA METAL's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0404
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MEGMT |
Estimated Market Risk
| 1.97 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MEGA METAL 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 MEGA METAL by adding MEGA METAL to a well-diversified portfolio.
Things to note about MEGA METAL performance evaluation
Checking the ongoing alerts about MEGA METAL for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for MEGA METAL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| MEGA METAL generated a negative expected return over the last 90 days |
- Analyzing MEGA METAL's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether MEGA METAL's stock is overvalued or undervalued compared to its peers.
- Examining MEGA METAL's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating MEGA METAL's management team can have a significant impact on its success or failure. Reviewing the track record and experience of MEGA METAL's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of MEGA METAL's stock. These opinions can provide insight into MEGA METAL's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for MEGA Stock analysis
When running MEGA METAL's price analysis, check to measure MEGA METAL'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 MEGA METAL is operating at the current time. Most of MEGA METAL's value examination focuses on studying past and present price action to predict the probability of MEGA METAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEGA METAL's price. Additionally, you may evaluate how the addition of MEGA METAL to your portfolios can decrease your overall portfolio volatility.
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