One Year Low is the lowest price that a given equity instrument has reached in the last 52 weeks. In other words it is the lowest price that investors were willing to pay for the asset over the past 52 weeks of trading. Year Low can be used as a naive indicator of how a given equity may perform over longer term investment horizon.
Some investors believe that One Year Low is a good indicator of how the value of a stock is elastic during the trading year. It offers a good prospective on equity performance compared to trading within industry, sector, category or even the entire stock market. For example, if a stock is at its One Year Low with local stock market index is not at its One Year Low, that stock is said to be under-performing the market. On the other hand if the price of a stock is reached a new One Year Low, an investor may interpret it as a turning point and trade the instrument away or go short.
Mobile One Year Low Assessment
Based on recorded statements Mobile Telesystems OJSC has One Year Low of 16.06. This is 4.56% higher than that of Technology sector, and 52.09% lower than that of Wireless Communications industry, The One Year Low for all stocks is 24.28% higher than the company.
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Mobile is rated below average in one year low category among related companies.
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