Melhus Sparebank (Norway) Price on August 22, 2023

MELG Stock  NOK 153.80  0.20  0.13%   
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 153.80, as last reported on the 5th of June, with the highest price reaching 154.00 and the lowest price hitting 153.80 during the day. Melhus Sparebank has Sharpe Ratio of -0.0037, which conveys that the firm had a -0.0037% return per unit of risk over the last 3 months. Melhus Sparebank exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Melhus Sparebank's Risk Adjusted Performance of 0.0378, mean deviation of 0.6064, and Downside Deviation of 1.32 to check out the risk estimate we provide.
  
Melhus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0037

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Estimated Market Risk

 0.99
  actual daily
8
92% of assets are more volatile

Expected Return

 0.0
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Melhus Sparebank 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 Melhus Sparebank by adding Melhus Sparebank to a well-diversified portfolio.

Melhus Sparebank Valuation on August 22, 2023

It is possible to determine the worth of Melhus Sparebank on a given historical date. On August 22, 2023 Melhus was worth 160.0 at the beginning of the trading date compared to the closed value of 148.1. 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    189.00  
08/22/2023
  160.00    161.00    148.10    148.10    538.00  
  159.00    159.00    144.42    144.42    363.00  
Backtest Melhus Sparebank  |  Melhus Sparebank History  |  Melhus Sparebank Valuation   PreviousNext  
Open Value
160.0
157.04
Downside
148.1
Closing Value
162.96
Upside

Melhus Sparebank Trading Date Momentum on August 22, 2023

On August 23 2023 Melhus Sparebank was traded for  144.42  at the closing time. The highest price during the trading period was 159.00  and the lowest recorded bid was listed for  144.42 . The volume for the day was 363. 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 2.48% . The trading delta at closing time to the current price is 6.01% .

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.
A focus of Melhus Sparebank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Melhus Sparebank trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Melhus Sparebank Period Price Range

Low
August 22, 2023
-11.9  -7.44%
High

 160.00 

     

 148.10 

Melhus Sparebank June 5, 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.

Other Information on Investing in Melhus Stock

Melhus Sparebank financial ratios help investors to determine whether Melhus Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Melhus with respect to the benefits of owning Melhus Sparebank security.