Melhus Sparebank (Norway) Price on August 17, 2023
| MELG Stock | NOK 154.00 2.00 1.32% |
If you're considering investing in Melhus Stock, it is important to understand the factors that can impact its price. As of today, the current price of Melhus Sparebank stands at 154.00, as last reported on the 11th of May 2024, with the highest price reaching 154.00 and the lowest price hitting 154.00 during the day. We consider Melhus Sparebank very steady. Melhus Sparebank has Sharpe Ratio of 0.0514, which conveys that the firm had a 0.0514% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Melhus Sparebank, which you can use to evaluate the volatility of the firm. Please verify Melhus Sparebank's Risk Adjusted Performance of 0.0206, mean deviation of 0.6099, and Downside Deviation of 1.52 to check out if the risk estimate we provide is consistent with the expected return of 0.049%.
Melhus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Melhus |
Sharpe Ratio = 0.0514
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Estimated Market Risk
| 0.95 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Melhus Sparebank is performing at about 4% 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 Melhus Sparebank by adding it to a well-diversified portfolio.
Melhus Sparebank Valuation on August 17, 2023
It is possible to determine the worth of Melhus Sparebank on a given historical date. On August 17, 2023 Melhus was worth 159.0 at the beginning of the trading date compared to the closed value of 146.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Melhus Sparebank stock. Still, in general, we apply an absolute valuation method to find Melhus Sparebank'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 Melhus Sparebank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Melhus Sparebank's related companies.
| Open | High | Low | Close | Volume | |
| 160.00 | 160.00 | 147.18 | 147.18 | 100.00 | |
08/17/2023 | 159.00 | 159.00 | 146.26 | 146.26 | 200.00 |
| 158.00 | 158.00 | 145.34 | 145.34 | 20.00 |
| Backtest Melhus Sparebank | | | Melhus Sparebank History | | | Melhus Sparebank Valuation | Previous | Next |
Melhus Sparebank Trading Date Momentum on August 17, 2023
| On August 18 2023 Melhus Sparebank was traded for 145.34 at the closing time. The highest price during the trading period was 158.00 and the lowest recorded bid was listed for 145.34 . The volume for the day was 20.0. This history from August 18, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.63% . The trading delta at closing time to the current price is 8.03% . |
Melhus Sparebank Fundamentals Correlations and Trends
By evaluating Melhus Sparebank'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 Melhus Sparebank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Melhus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Melhus Sparebank Stock history
Melhus Sparebank 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 Melhus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Melhus Sparebank 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 Melhus Sparebank stock prices may prove useful in developing a viable investing in Melhus Sparebank
Melhus Sparebank, a savings bank, provides various banking products and services to businesses and agriculture customers, and private individuals in Norway. Melhus Sparebank was founded in 1840 and is headquartered in Melhus, Norway. MELHUS SPAREBANK is traded on Oslo Stock Exchange in Norway.
Melhus Sparebank Stock Technical Analysis
Melhus Sparebank 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
Melhus Sparebank Period Price Range
Low | August 17, 2023
| High |
159.00 | 146.26 |
Melhus Sparebank May 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Melhus Sparebank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Melhus Sparebank shares will generate the highest return on investment. By undertsting and applying Melhus Sparebank stock market strength indicators, traders can identify Melhus Sparebank entry and exit signals to maximize returns
| Accumulation Distribution | 16.03 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.92 | |||
| Day Median Price | 152.63 | |||
| Day Typical Price | 150.51 | |||
| Market Facilitation Index | 0.0637 | |||
| Price Action Indicator | (12.74) | |||
| Period Momentum Indicator | 7.74 |
Melhus Sparebank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Melhus Sparebank's price direction in advance. Along with the technical and fundamental analysis of Melhus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Melhus 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 | 0.0206 | |||
| Jensen Alpha | 0.0254 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.14) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melhus Sparebank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Melhus Stock analysis
When running Melhus Sparebank's price analysis, check to measure Melhus Sparebank'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 Melhus Sparebank is operating at the current time. Most of Melhus Sparebank's value examination focuses on studying past and present price action to predict the probability of Melhus Sparebank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melhus Sparebank's price. Additionally, you may evaluate how the addition of Melhus Sparebank to your portfolios can decrease your overall portfolio volatility.
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