Meritor Stock Technical Analysis
| MTORDelisted Stock | USD 36.50 0.00 0.00% |
As of the 24th of April, Meritor secures the Mean Deviation of 0.1261, coefficient of variation of 697.48, and Risk Adjusted Performance of 0.0627. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Meritor, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for eighteen technical drivers for Meritor, which can be compared to its peers in the industry. Please verify Meritor information ratio and downside variance to decide if Meritor is priced some-what accurately, providing market reflects its recent price of 36.5 per share. Given that Meritor has treynor ratio of (0.33), we recommend you to check Meritor's last-minute market performance to make sure the company can sustain itself at a future point.
Meritor Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Meritor, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MeritorMeritor |
Meritor 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, delisted stock market cycles, or different charting patterns.
Meritor Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Meritor Trend Analysis
Use this graph to draw trend lines for Meritor. You can use it to identify possible trend reversals for Meritor as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Meritor price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Meritor Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Meritor applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Meritor will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.81, which is the sum of squared deviations for the predicted Meritor price change compared to its average price change.About Meritor Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Meritor on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Meritor based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Meritor price pattern first instead of the macroeconomic environment surrounding Meritor. By analyzing Meritor's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Meritor's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Meritor specific price patterns or momentum indicators. Please read more on our technical analysis page.
Meritor April 24, 2024 Technical Indicators
Most technical analysis of Meritor help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Meritor from various momentum indicators to cycle indicators. When you analyze Meritor charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0627 | |||
| Market Risk Adjusted Performance | (0.32) | |||
| Mean Deviation | 0.1261 | |||
| Downside Deviation | 0.1578 | |||
| Coefficient Of Variation | 697.48 | |||
| Standard Deviation | 0.1733 | |||
| Variance | 0.03 | |||
| Information Ratio | (0.37) | |||
| Jensen Alpha | 0.0184 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | (0.33) | |||
| Maximum Drawdown | 0.8333 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.416 | |||
| Downside Variance | 0.0249 | |||
| Semi Variance | (0.01) | |||
| Expected Short fall | (0.16) | |||
| Skewness | 0.4657 | |||
| Kurtosis | 0.9399 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Meritor Stock
If you are still planning to invest in Meritor check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Meritor's history and understand the potential risks before investing.
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