Commercial Metals Stock Price on October 30, 2023

CMC Stock  USD 49.78  0.49  0.97%   
Below is the normalized historical share price chart for Commercial Metals extending back to November 05, 1984. 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 Commercial Metals stands at 49.78, as last reported on the 23rd of December, with the highest price reaching 50.62 and the lowest price hitting 49.45 during the day.
IPO Date
1st of January 1987
200 Day MA
55.3926
50 Day MA
57.6712
Beta
1.135
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Commercial Stock, it is important to understand the factors that can impact its price. Commercial Metals secures Sharpe Ratio (or Efficiency) of -0.0371, which signifies that the company had a -0.0371% return per unit of risk over the last 3 months. Commercial Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Commercial Metals' Mean Deviation of 1.67, risk adjusted performance of (0.01), and Standard Deviation of 2.6 to double-check the risk estimate we provide.
  
At present, Commercial Metals' Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation is expected to grow to about 47.3 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 97 M. . At present, Commercial Metals' Price To Free Cash Flows Ratio is projected to drop slightly based on the last few years of reporting. The current year's Price Sales Ratio is expected to grow to 0.82, whereas Price Earnings Ratio is forecasted to decline to 12.18. Commercial Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0371

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Estimated Market Risk

 2.6
  actual daily
23
77% of assets are more volatile

Expected Return

 -0.1
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Commercial Metals 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 Commercial Metals by adding Commercial Metals to a well-diversified portfolio.
Price Book
1.3331
Enterprise Value Ebitda
6.2906
Price Sales
0.7161
Shares Float
112.9 M
Dividend Share
0.68

Commercial Metals Valuation on October 30, 2023

It is possible to determine the worth of Commercial Metals on a given historical date. On October 30, 2023 Commercial was worth 41.79 at the beginning of the trading date compared to the closed value of 41.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Commercial Metals stock. Still, in general, we apply an absolute valuation method to find Commercial Metals' 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 Commercial Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Commercial Metals' related companies.
 Open High Low Close Volume
  41.17    41.39    40.64    41.26    1,295,887  
10/30/2023
  41.79    42.05    41.32    41.92    1,031,985  
  41.99    42.44    41.63    41.75    1,126,487  
Backtest Commercial Metals  |  Commercial Metals History  |  Commercial Metals Valuation   PreviousNext  
Open Value
41.79
41.92
Closing Value
49.60
Upside

Commercial Metals Trading Date Momentum on October 30, 2023

On October 31 2023 Commercial Metals was traded for  41.75  at the closing time. Highest Commercial Metals's price during the trading hours was 42.44  and the lowest price during the day was  41.63 . The net volume was 1.1 M. The overall trading history on the 31st of October contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.41% . The overall trading delta to current price is 7.44% .

Commercial Metals Fundamentals Correlations and Trends

By evaluating Commercial Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Commercial Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Commercial financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Commercial Metals Stock history

Commercial Metals 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 Commercial is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Commercial Metals 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 Commercial Metals stock prices may prove useful in developing a viable investing in Commercial Metals
Last ReportedProjected for Next Year
Common Stock Shares Outstanding117.2 M97 M
Net Income Applicable To Common Shares988.7 MB

Commercial Metals Quarterly Net Working Capital

2.46 Billion

Commercial Metals Stock Technical Analysis

Commercial Metals 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.
A focus of Commercial Metals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Commercial Metals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Commercial Metals Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Commercial Metals cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. 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.

Commercial Metals December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Commercial Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Commercial Metals shares will generate the highest return on investment. By undertsting and applying Commercial Metals stock market strength indicators, traders can identify Commercial Metals entry and exit signals to maximize returns

Commercial Metals Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Commercial Metals' price direction in advance. Along with the technical and fundamental analysis of Commercial Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Commercial 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.

Complementary Tools for Commercial Stock analysis

When running Commercial Metals' price analysis, check to measure Commercial Metals' 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 Commercial Metals is operating at the current time. Most of Commercial Metals' value examination focuses on studying past and present price action to predict the probability of Commercial Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Metals' price. Additionally, you may evaluate how the addition of Commercial Metals to your portfolios can decrease your overall portfolio volatility.
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