MCX ICOMDEX (India) Price on May 31, 2023
| MCIALUM Index | 12,182 194.45 1.62% |
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 12,182, as last reported on the 19th of April, with the highest price reaching 12,182 and the lowest price hitting 12,028 during the day. MCX ICOMDEX ALUMINIUM has Sharpe Ratio of 0.31, which conveys that the index had a 0.31% return per unit of standard deviation over the last 3 months. We have found twenty-six 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 = 0.3052
| Best Portfolio | Best Equity | |||
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| Small Returns | MCIALUM | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.83 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 23 77% of assets perform better |
Based on monthly moving average MCX ICOMDEX is performing at about 23% 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 May 31, 2023
It is possible to determine the worth of MCX ICOMDEX on a given historical date. On May 31, 2023 MCX was worth 11318.44 at the beginning of the trading date compared to the closed value of 11445.21. 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 | |
| 11,374 | 11,429 | 11,316 | 11,368 | 1.00 | |
05/31/2023 | 11,318 | 11,459 | 11,299 | 11,445 | 1.00 |
| 11,484 | 11,525 | 11,445 | 11,492 | 1.00 |
| Backtest MCX ICOMDEX | | | MCX ICOMDEX History | Previous | Next |
MCX ICOMDEX Trading Date Momentum on May 31, 2023
| On June 01 2023 MCX ICOMDEX ALUMINIUM was traded for 11,492 at the closing time. The highest price during the trading period was 11,525 and the lowest recorded bid was listed for 11,445 . There was no trading activity during the period 1.0. Lack of trading volume on June 1, 2023 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 0.41% . The trading delta at closing time to the current price is 1.32% . |
Price Boundaries
MCX ICOMDEX Period Price Range
Low | May 31, 2023
| High |
11,318 | 11,445 |
MCX ICOMDEX April 19, 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
| Accumulation Distribution | 0.0139 | |||
| Daily Balance Of Power | 0.7931 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 11379.07 | |||
| Day Typical Price | 11401.12 | |||
| Market Facilitation Index | 159.84 | |||
| Price Action Indicator | 129.52 | |||
| Period Momentum Indicator | 736.43 |
MCX ICOMDEX Technical Drivers
MCX ICOMDEX April 19, 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 | 0.1573 | |||
| Mean Deviation | 0.6211 | |||
| Semi Deviation | 0.3093 | |||
| Downside Deviation | 0.6247 | |||
| Coefficient Of Variation | 399.61 | |||
| Standard Deviation | 0.8374 | |||
| Variance | 0.7013 | |||
| Information Ratio | 0.1683 | |||
| Total Risk Alpha | 0.1202 | |||
| Sortino Ratio | 0.2257 | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.97 | |||
| Downside Variance | 0.3902 | |||
| Semi Variance | 0.0956 | |||
| Expected Short fall | (0.76) | |||
| Skewness | 0.8894 | |||
| Kurtosis | 1.4 |
| 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.