MercadoLibre (Mexico) Price on February 26, 2019
| MELIN Stock | MXN 23,475 252.50 1.06% |
If you're considering investing in MercadoLibre Stock, it is important to understand the factors that can impact its price. As of today, the current price of MercadoLibre stands at 23,475, as last reported on the 24th of April, with the highest price reaching 23,475 and the lowest price hitting 23,370 during the day. MercadoLibre has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. MercadoLibre exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MercadoLibre's Mean Deviation of 1.47, risk adjusted performance of (0.06), and Standard Deviation of 2.17 to check out the risk estimate we provide.
MercadoLibre Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MercadoLibre |
Sharpe Ratio = -0.1646
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| Negative Returns | MELIN |
Estimated Market Risk
| 2.13 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MercadoLibre 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 MercadoLibre by adding MercadoLibre to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About MercadoLibre Stock history
MercadoLibre 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 MercadoLibre is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MercadoLibre 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 MercadoLibre stock prices may prove useful in developing a viable investing in MercadoLibre
MercadoLibre, Inc. operates online commerce platforms in Latin America. The company was founded in 1999 and is headquartered in Buenos Aires, Argentina. MERCADOLIBRE INC operates under Specialty Retail classification in Mexico and is traded on Mexico Stock Exchange. It employs 72 people.
MercadoLibre Stock Technical Analysis
MercadoLibre technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
MercadoLibre Period Price Range
MercadoLibre April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how MercadoLibre stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MercadoLibre shares will generate the highest return on investment. By undertsting and applying MercadoLibre stock market strength indicators, traders can identify MercadoLibre entry and exit signals to maximize returns
| Accumulation Distribution | 1.09 | |||
| Daily Balance Of Power | (2.40) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 23422.5 | |||
| Day Typical Price | 23440.0 | |||
| Market Facilitation Index | 0.43 | |||
| Price Action Indicator | (73.75) | |||
| Period Momentum Indicator | (252.50) | |||
| Relative Strength Index | 77.57 |
MercadoLibre Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MercadoLibre's price direction in advance. Along with the technical and fundamental analysis of MercadoLibre Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MercadoLibre 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 | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.4472 |
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| Math Transform | ||
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MercadoLibre. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in MercadoLibre Stock, please use our How to Invest in MercadoLibre guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for MercadoLibre Stock analysis
When running MercadoLibre's price analysis, check to measure MercadoLibre'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 MercadoLibre is operating at the current time. Most of MercadoLibre's value examination focuses on studying past and present price action to predict the probability of MercadoLibre's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MercadoLibre's price. Additionally, you may evaluate how the addition of MercadoLibre to your portfolios can decrease your overall portfolio volatility.
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