Mullen Automotive Stock Price on June 21, 2022
| MULN Stock | USD 6.09 0.31 4.84% |
If you're considering investing in Mullen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mullen Automotive stands at 6.09, as last reported on the 13th of May 2024, with the highest price reaching 6.95 and the lowest price hitting 5.94 during the day. Mullen Automotive appears to be dangerous, given 3 months investment horizon. Mullen Automotive has Sharpe Ratio of 0.0434, which conveys that the firm had a 0.0434% return per unit of risk over the last 3 months. By analyzing Mullen Automotive's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please exercise Mullen Automotive's Downside Deviation of 7.61, risk adjusted performance of 0.0364, and Mean Deviation of 8.34 to check out if our risk estimates are consistent with your expectations.
Mullen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mullen |
Sharpe Ratio = 0.0434
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Estimated Market Risk
| 14.88 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Mullen Automotive is performing at about 3% 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 Mullen Automotive by adding it to a well-diversified portfolio.
Mullen Automotive Valuation on June 21, 2022
It is possible to determine the worth of Mullen Automotive on a given historical date. On June 21, 2022 Mullen was worth 1.39 at the beginning of the trading date compared to the closed value of 34200.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mullen Automotive stock. Still, in general, we apply an absolute valuation method to find Mullen Automotive'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 Mullen Automotive where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mullen Automotive's related companies.
| Open | High | Low | Close | Volume | |
| 1.24 | 29,700 | 29,700 | 29,700 | 2,603 | |
06/21/2022 | 1.39 | 34,200 | 34,200 | 34,200 | 4,549 |
| 1.65 | 36,000 | 36,000 | 36,000 | 4,117 |
| Backtest Mullen Automotive | | | Mullen Automotive History | | | Mullen Automotive Valuation | Previous | Next |
Mullen Automotive Trading Date Momentum on June 21, 2022
| On June 22 2022 Mullen Automotive was traded for 36,000 at the closing time. The top price for the day was 36,000 and the lowest listed price was 36,000 . The trading volume for the day was 4.1 K. The trading history from June 22, 2022 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 5.26% . The trading delta at closing time against the current closing price is 100.00% . |
Mullen Automotive Fundamentals Correlations and Trends
By evaluating Mullen Automotive's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mullen Automotive's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mullen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mullen Automotive Stock history
Mullen Automotive 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 Mullen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mullen Automotive 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 Mullen Automotive stock prices may prove useful in developing a viable investing in Mullen Automotive
Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. The company was founded in 2014 and is based in Brea, California. Mullen Automotive operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 44 people.
Mullen Automotive Stock Technical Analysis
Mullen Automotive 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
Mullen Automotive Period Price Range
Low | June 21, 2022
| High |
1.39 | 34,200 |
Mullen Automotive May 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Mullen Automotive stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mullen Automotive shares will generate the highest return on investment. By undertsting and applying Mullen Automotive stock market strength indicators, traders can identify Mullen Automotive entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 24604.32 | |||
| Day Median Price | 34200.0 | |||
| Day Typical Price | 34200.0 | |||
| Price Action Indicator | 17099.31 | |||
| Period Momentum Indicator | (34,194) | |||
| Relative Strength Index | 53.83 |
Mullen Automotive Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mullen Automotive's price direction in advance. Along with the technical and fundamental analysis of Mullen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mullen 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 | 0.0364 | |||
| Jensen Alpha | 0.0962 | |||
| Total Risk Alpha | (1.13) | |||
| Sortino Ratio | 0.0739 | |||
| Treynor Ratio | 0.0864 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mullen Automotive. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Mullen Stock, please use our How to Invest in Mullen Automotive guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Mullen Stock analysis
When running Mullen Automotive's price analysis, check to measure Mullen Automotive'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 Mullen Automotive is operating at the current time. Most of Mullen Automotive's value examination focuses on studying past and present price action to predict the probability of Mullen Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mullen Automotive's price. Additionally, you may evaluate how the addition of Mullen Automotive to your portfolios can decrease your overall portfolio volatility.
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Is Mullen Automotive's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mullen Automotive. If investors know Mullen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mullen Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Mullen Automotive is measured differently than its book value, which is the value of Mullen that is recorded on the company's balance sheet. Investors also form their own opinion of Mullen Automotive's value that differs from its market value or its book value, called intrinsic value, which is Mullen Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mullen Automotive's market value can be influenced by many factors that don't directly affect Mullen Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mullen Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mullen Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mullen Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.