Commercial Metals Stock Price on November 6, 2023
| CMC Stock | USD 56.28 0.93 1.63% |
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 56.28, as last reported on the 18th of December 2024, with the highest price reaching 57.25 and the lowest price hitting 55.96 during the day.
If you're considering investing in Commercial Stock, it is important to understand the factors that can impact its price. At this point, Commercial Metals is very steady. Commercial Metals secures Sharpe Ratio (or Efficiency) of 0.0346, which signifies that the company had a 0.0346% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Commercial Metals, which you can use to evaluate the volatility of the firm. Please confirm Commercial Metals' Risk Adjusted Performance of 0.0587, mean deviation of 1.59, and Downside Deviation of 1.8 to double-check if the risk estimate we provide is consistent with the expected return of 0.0862%.
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.
IPO Date 1st of January 1987 | 200 Day MA 55.4286 | 50 Day MA 57.796 | Beta 1.135 |
Commercial |
Sharpe Ratio = 0.0346
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| Cash | Small Risk | CMC | High Risk | Huge Risk |
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Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Commercial Metals is performing at about 2% 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 Commercial Metals by adding it to a well-diversified portfolio.
Price Book 1.4362 | Enterprise Value Ebitda 6.7507 | Price Sales 0.7792 | Shares Float 112.9 M | Dividend Share 0.68 |
Commercial Metals Valuation on November 6, 2023
It is possible to determine the worth of Commercial Metals on a given historical date. On November 6, 2023 Commercial was worth 45.03 at the beginning of the trading date compared to the closed value of 45.17. 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 | |
| 45.71 | 45.95 | 44.86 | 45.01 | 1,049,600 | |
11/06/2023 | 45.03 | 45.34 | 44.61 | 45.17 | 988,291 |
| 44.71 | 45.13 | 44.30 | 44.42 | 1,111,890 |
| Backtest Commercial Metals | | | Commercial Metals History | | | Commercial Metals Valuation | Previous | Next |
Commercial Metals Trading Date Momentum on November 6, 2023
| On November 07 2023 Commercial Metals was traded for 44.42 at the closing time. Highest Commercial Metals's price during the trading hours was 45.13 and the lowest price during the day was 44.30 . The net volume was 1.1 M. The overall trading history on the 7th of November contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.66% . The overall trading delta to current price is 0.09% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 117.2 M | 97 M | |
| Net Income Applicable To Common Shares | 988.7 M | 1 B |
Commercial Metals Quarterly Net Working Capital |
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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.
Price Boundaries
Commercial Metals Period Price Range
Low | December 18, 2024
| 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 18, 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.
| Risk Adjusted Performance | 0.0587 | |||
| Jensen Alpha | 0.1475 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0616 | |||
| Treynor Ratio | 0.4609 |
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| Volume Indicators |
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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