MCX ICOMDEX (India) Price on April 13, 2023

MCIALUM Index   12,032  269.16  2.19%   
If you're considering investing in MCX Index, it is important to understand the factors that can impact its price. As of today, the current price of MCX ICOMDEX stands at 12,032, as last reported on the 24th of April, with the highest price reaching 12,197 and the lowest price hitting 11,995 during the day. MCX ICOMDEX ALUMINIUM has Sharpe Ratio of 0.25, which conveys that the index had a 0.25% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for MCX ICOMDEX, which you can use to evaluate the volatility of the entity.
MCX Index price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2526

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Estimated Market Risk

 0.89
  actual daily
7
93% of assets are more volatile

Expected Return

 0.22
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.25
  actual daily
19
81% of assets perform better
Based on monthly moving average MCX ICOMDEX is performing at about 19% 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 MCX ICOMDEX by adding it to a well-diversified portfolio.

MCX ICOMDEX Valuation on April 13, 2023

It is possible to determine the worth of MCX ICOMDEX on a given historical date. On April 13, 2023 MCX was worth 11345.16 at the beginning of the trading date compared to the closed value of 11519.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MCX ICOMDEX index. Still, in general, we apply an absolute valuation method to find MCX ICOMDEX'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 MCX ICOMDEX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MCX ICOMDEX's related companies.
 Open High Low Close Volume
  11,312    11,381    11,226    11,345    1.00  
04/13/2023
  11,345    11,558    11,331    11,519    1.00  
  11,613    11,683    11,566    11,600    1.00  
Backtest MCX ICOMDEX  |  MCX ICOMDEX History  PreviousNext  
Open Value
11345.16
11,342
Downside
11519.4
Closing Value
11,348
Upside

MCX ICOMDEX Trading Date Momentum on April 13, 2023

On April 14 2023 MCX ICOMDEX ALUMINIUM was traded for  11,600  at the closing time. The highest price during the trading period was 11,683  and the lowest recorded bid was listed for  11,566 . There was no trading activity during the period 1.0. Lack of trading volume on April 14, 2023 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 0.70% . The trading delta at closing time to the current price is 0.74% .

Price Boundaries

MCX ICOMDEX Period Price Range

Low
April 13, 2023
174.24  1.54%
High

 11,345 

     

 11,519 

MCX ICOMDEX April 24, 2024 Market Strength

Market strength indicators help investors to evaluate how MCX ICOMDEX index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MCX ICOMDEX shares will generate the highest return on investment. By undertsting and applying MCX ICOMDEX index market strength indicators, traders can identify MCX ICOMDEX ALUMINIUM entry and exit signals to maximize returns

MCX ICOMDEX Technical Drivers

MCX ICOMDEX April 24, 2024 Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for MCX ICOMDEX's price direction in advance. Along with the technical and fundamental analysis of MCX Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of MCX 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 Performance0.1605
Mean Deviation0.6445
Semi Deviation0.4513
Downside Deviation0.7475
Coefficient Of Variation395.95
Standard Deviation0.8892
Variance0.7906
Information Ratio0.1454
Total Risk Alpha0.0929
Sortino Ratio0.1729
Maximum Drawdown4.92
Value At Risk(0.89)
Potential Upside1.97
Downside Variance0.5587
Semi Variance0.2036
Expected Short fall(0.78)
Skewness0.475
Kurtosis1.4
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.