Ankit Metal (India) Price on September 20, 2023
| ANKITMETAL | 4.87 0.11 2.31% |
Below is the normalized historical share price chart for Ankit Metal Power extending back to March 14, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ankit Metal stands at 4.87, as last reported on the 24th of December, with the highest price reaching 4.99 and the lowest price hitting 4.52 during the day.
If you're considering investing in Ankit Stock, it is important to understand the factors that can impact its price. Ankit Metal appears to be relatively risky, given 3 months investment horizon. Ankit Metal Power secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By analyzing Ankit Metal's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Ankit Metal's Downside Deviation of 3.19, risk adjusted performance of 0.1329, and Mean Deviation of 2.76 to double-check if our risk estimates are consistent with your expectations.
The current year's Total Stockholder Equity is expected to grow to about (7.5 B). In addition to that, Common Stock Shares Outstanding is expected to decline to about 115.9 M. Ankit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 3.9372 | 50 Day MA 3.7028 | Beta 0.6 |
Ankit |
Sharpe Ratio = 0.1922
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ANKITMETAL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.24 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Ankit Metal is performing at about 15% 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 Ankit Metal by adding it to a well-diversified portfolio.
Book Value (73.15) | Enterprise Value 11.7 B | Enterprise Value Ebitda (45.66) | Price Sales 0.0873 | Shares Float 40.9 M |
Ankit Metal Valuation on September 20, 2023
It is possible to determine the worth of Ankit Metal on a given historical date. On September 20, 2023 Ankit was worth 5.05 at the beginning of the trading date compared to the closed value of 5.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ankit Metal stock. Still, in general, we apply an absolute valuation method to find Ankit Metal'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 Ankit Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ankit Metal's related companies.
| Open | High | Low | Close | Volume | |
| 4.85 | 4.85 | 4.85 | 4.85 | 46,819 | |
09/20/2023 | 5.05 | 5.05 | 5.05 | 5.05 | 49,206 |
| 5.30 | 5.30 | 5.30 | 5.30 | 111,673 |
| Backtest Ankit Metal | | | Ankit Metal History | | | Ankit Metal Valuation | Previous | Next |
Ankit Metal Trading Date Momentum on September 20, 2023
| On September 21 2023 Ankit Metal Power was traded for 5.30 at the closing time. The highest price during the trading period was 5.30 and the lowest recorded bid was listed for 5.30 . The volume for the day was 111.7 K. This history from September 21, 2023 contributed to the next trading day price growth. The overall trading delta to the next closing price was 4.95% . The overall trading delta to the current price is 4.95% . |
Ankit Metal Power Fundamentals Correlations and Trends
By evaluating Ankit Metal'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 Ankit Metal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ankit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ankit Metal Stock history
Ankit Metal 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 Ankit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ankit Metal Power 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 Ankit Metal stock prices may prove useful in developing a viable investing in Ankit Metal
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 162.3 M | 115.9 M | |
| Net Loss | -1.1 B | -1.2 B |
Ankit Metal Stock Technical Analysis
Ankit Metal 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
Ankit Metal Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
Ankit Metal Power cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ankit Metal December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Ankit Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ankit Metal shares will generate the highest return on investment. By undertsting and applying Ankit Metal stock market strength indicators, traders can identify Ankit Metal Power entry and exit signals to maximize returns
Ankit Metal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ankit Metal's price direction in advance. Along with the technical and fundamental analysis of Ankit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ankit 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 | 0.1329 | |||
| Jensen Alpha | 0.4964 | |||
| Total Risk Alpha | 0.3556 | |||
| Sortino Ratio | 0.1443 | |||
| Treynor Ratio | (25.29) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Ankit Stock analysis
When running Ankit Metal's price analysis, check to measure Ankit Metal'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 Ankit Metal is operating at the current time. Most of Ankit Metal's value examination focuses on studying past and present price action to predict the probability of Ankit Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ankit Metal's price. Additionally, you may evaluate how the addition of Ankit Metal to your portfolios can decrease your overall portfolio volatility.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |