MCX ICOMDEX (India) Price on April 18, 2023

MCIALUM Index   10,477  27.78  0.27%   
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 10,477, as last reported on the 28th of March, with the highest price reaching 10,502 and the lowest price hitting 10,464 during the day. MCX ICOMDEX ALUMINIUM has Sharpe Ratio of -0.12, which conveys that the index had a -0.12% return per unit of standard deviation over the last 3 months. MCX ICOMDEX exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement.
MCX Index price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.12

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsMCIALUM

Estimated Market Risk

 0.7
  actual daily
6
94% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average MCX ICOMDEX 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 MCX ICOMDEX by adding MCX ICOMDEX to a well-diversified portfolio.

MCX ICOMDEX Valuation on April 18, 2023

It is possible to determine the worth of MCX ICOMDEX on a given historical date. On April 18, 2023 MCX was worth 11605.14 at the beginning of the trading date compared to the closed value of 11856.83. 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
  11,597    11,630    11,489    11,569    1.00  
04/18/2023
  11,605    11,868    11,597    11,857    1.00  
  11,851    11,873    11,710    11,860    1.00  
Backtest MCX ICOMDEX  |  MCX ICOMDEX History  PreviousNext  
Open Value
11605.14
11,603
Downside
11856.83
Closing Value
11,607
Upside

MCX ICOMDEX Trading Date Momentum on April 18, 2023

On April 19 2023 MCX ICOMDEX ALUMINIUM was traded for  11,860  at the closing time. The highest price during the trading period was 11,873  and the lowest recorded bid was listed for  11,710 . There was no trading activity during the period 1.0. Lack of trading volume on April 19, 2023 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 0.02% . The trading delta at closing time to the current price is 4.58% .

Price Boundaries

MCX ICOMDEX Period Price Range

Low
April 18, 2023
High

 11,605 

  

 11,857 

251.692.17%

MCX ICOMDEX March 28, 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 March 28, 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 Performance(0.04)
Mean Deviation0.5425
Coefficient Of Variation(1,266)
Standard Deviation0.7259
Variance0.527
Information Ratio(0.26)
Total Risk Alpha(0.23)
Maximum Drawdown3.83
Value At Risk(1.12)
Potential Upside0.962
Skewness0.735
Kurtosis1.89
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for MCX Index analysis

When running MCX ICOMDEX's price analysis, check to measure MCX ICOMDEX'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 MCX ICOMDEX is operating at the current time. Most of MCX ICOMDEX's value examination focuses on studying past and present price action to predict the probability of MCX ICOMDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MCX ICOMDEX's price. Additionally, you may evaluate how the addition of MCX ICOMDEX to your portfolios can decrease your overall portfolio volatility.
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences