Mitie Group Plc Stock Price on February 23, 2024
| MITFY Stock | USD 5.76 0.17 3.04% |
If you're considering investing in Mitie Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Mitie Group stands at 5.76, as last reported on the 30th of April, with the highest price reaching 5.76 and the lowest price hitting 5.71 during the day. We consider Mitie Group slightly risky. Mitie Group Plc has Sharpe Ratio of 0.0614, which conveys that the firm had a 0.0614% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mitie Group, which you can use to evaluate the volatility of the firm. Please verify Mitie Group's Risk Adjusted Performance of 0.0381, downside deviation of 2.27, and Mean Deviation of 1.81 to check out if the risk estimate we provide is consistent with the expected return of 0.15%.
Mitie Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Mitie |
Sharpe Ratio = 0.0614
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Estimated Market Risk
| 2.48 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Mitie Group 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 Mitie Group by adding it to a well-diversified portfolio.
Mitie Group Valuation on February 23, 2024
It is possible to determine the worth of Mitie Group on a given historical date. On February 23, 2024 Mitie was worth 5.39 at the beginning of the trading date compared to the closed value of 5.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mitie Group pink sheet. Still, in general, we apply an absolute valuation method to find Mitie Group'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 Mitie Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mitie Group's related companies.
| Open | High | Low | Close | Volume | |
| 5.40 | 5.40 | 5.40 | 5.40 | 1,500 | |
02/23/2024 | 5.39 | 5.46 | 5.20 | 5.46 | 5,900 |
| 5.47 | 5.47 | 5.43 | 5.43 | 4,400 |
| Backtest Mitie Group | | | Mitie Group History | | | Mitie Group Valuation | Previous | Next |
Mitie Group Trading Date Momentum on February 23, 2024
| On February 26 2024 Mitie Group Plc was traded for 5.43 at the closing time. The highest daily price throughout the period was 5.47 and the lowest price was 5.43 . The daily volume was 4.4 K. The net trading volume on 02/26/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.55% . The trading delta at closing time to current closing price is 2.20% . |
Mitie Group Plc Fundamentals Correlations and Trends
By evaluating Mitie Group'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 Mitie Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mitie financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mitie Group Pink Sheet history
Mitie Group 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 Mitie is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mitie Group Plc 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 Mitie Group stock prices may prove useful in developing a viable investing in Mitie Group
Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. Mitie Group plc was incorporated in 1936 and is headquartered in London, the United Kingdom. Mitie Group operates under Specialty Business Services classification in the United States and is traded on OTC Exchange. It employs 71330 people.
Mitie Group Pink Sheet Technical Analysis
Mitie Group technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Mitie Group Period Price Range
Low | February 23, 2024
| High |
5.39 | 5.46 |
Mitie Group April 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Mitie Group pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mitie Group shares will generate the highest return on investment. By undertsting and applying Mitie Group pink sheet market strength indicators, traders can identify Mitie Group Plc entry and exit signals to maximize returns
| Accumulation Distribution | 280.95 | |||
| Daily Balance Of Power | 0.2692 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 5.33 | |||
| Day Typical Price | 5.37 | |||
| Price Action Indicator | 0.17 | |||
| Period Momentum Indicator | 0.3 |
Mitie Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mitie Group's price direction in advance. Along with the technical and fundamental analysis of Mitie Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mitie 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 | 0.0381 | |||
| Jensen Alpha | 0.0784 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0147 | |||
| Treynor Ratio | 0.2608 |
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitie Group Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Mitie Group Plc information on this page should be used as a complementary analysis to other Mitie Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Mitie Pink Sheet analysis
When running Mitie Group's price analysis, check to measure Mitie Group'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 Mitie Group is operating at the current time. Most of Mitie Group's value examination focuses on studying past and present price action to predict the probability of Mitie Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitie Group's price. Additionally, you may evaluate how the addition of Mitie Group to your portfolios can decrease your overall portfolio volatility.
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