Melhus Sparebank (Norway) Price on August 18, 2023
| MELG Stock | NOK 153.40 0.40 0.26% |
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 153.40, as last reported on the 28th of April, with the highest price reaching 155.00 and the lowest price hitting 153.40 during the day. We consider Melhus Sparebank very steady. Melhus Sparebank has Sharpe Ratio of 0.0328, which conveys that the firm had a 0.0328% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Melhus Sparebank, which you can use to evaluate the volatility of the firm. Please verify Melhus Sparebank's Downside Deviation of 1.48, risk adjusted performance of 0.0357, and Mean Deviation of 0.579 to check out if the risk estimate we provide is consistent with the expected return of 0.0309%.
Melhus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Melhus |
Sharpe Ratio = 0.0328
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Estimated Market Risk
| 0.94 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Melhus Sparebank is performing at about 2% 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 18, 2023
It is possible to determine the worth of Melhus Sparebank on a given historical date. On August 18, 2023 Melhus was worth 158.0 at the beginning of the trading date compared to the closed value of 145.34. 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 | |
| 159.00 | 159.00 | 146.26 | 146.26 | 200.00 | |
08/18/2023 | 158.00 | 158.00 | 145.34 | 145.34 | 20.00 |
| 159.00 | 159.00 | 146.26 | 146.26 | 189.00 |
| Backtest Melhus Sparebank | | | Melhus Sparebank History | | | Melhus Sparebank Valuation | Previous | Next |
Melhus Sparebank Trading Date Momentum on August 18, 2023
| On August 21 2023 Melhus Sparebank was traded for 146.26 at the closing time. The highest price during the trading period was 159.00 and the lowest recorded bid was listed for 146.26 . The volume for the day was 189. This history from August 21, 2023 contributed to the next trading day price upswing. 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 8.71% . |
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 18, 2023
| High |
158.00 | 145.34 |
Melhus Sparebank April 28, 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
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 | 0.0357 | |||
| Jensen Alpha | 0.0294 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3472 |
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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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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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