Scope Metals (Israel) Price on December 12, 2024
| SCOP Stock | ILA 14,570 160.00 1.11% |
If you're considering investing in Scope Stock, it is important to understand the factors that can impact its price. As of today, the current price of Scope Metals stands at 14,570, as last reported on the 13th of December 2024, with the highest price reaching 14,680 and the lowest price hitting 14,290 during the day. Scope Metals appears to be very steady, given 3 months investment horizon. Scope Metals Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.34, which indicates the firm had a 0.34% return per unit of risk over the last 3 months. By inspecting Scope Metals' technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please review Scope Metals' Coefficient Of Variation of 452.61, semi deviation of 1.52, and Risk Adjusted Performance of 0.1674 to confirm if our risk estimates are consistent with your expectations.
Scope Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Scope |
Sharpe Ratio = 0.3361
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Estimated Market Risk
| 2.26 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.76 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.34 actual daily | 26 74% of assets perform better |
Based on monthly moving average Scope Metals is performing at about 26% 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 Scope Metals by adding it to a well-diversified portfolio.
Scope Metals Valuation on December 12, 2024
It is possible to determine the worth of Scope Metals on a given historical date. On December 12, 2024 Scope was worth 14410.0 at the beginning of the trading date compared to the closed value of 14570.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Scope Metals stock. Still, in general, we apply an absolute valuation method to find Scope 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 Scope Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Scope Metals' related companies.
| Open | High | Low | Close | Volume | |
| 15,010 | 15,050 | 14,410 | 14,410 | 29,356 | |
12/12/2024 | 14,410 | 14,680 | 14,290 | 14,570 | 13,641 |
| Backtest Scope Metals | | | Scope Metals History | | | Scope Metals Valuation | Previous |
Scope Metals Trading Date Momentum on December 12, 2024
| On December 12 2024 Scope Metals Group was traded for 14,570 at the closing time. The highest price during the trading period was 14,680 and the lowest recorded bid was listed for 14,290 . The volume for the day was 13.6 K. This history from December 12, 2024 did not result in any price rise and fall. The trading price change to the current price is 1.10% . |
Scope Metals Group Fundamentals Correlations and Trends
By evaluating Scope 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 Scope Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Scope financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Scope Metals Stock history
Scope 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 Scope is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Scope Metals Group 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 Scope Metals stock prices may prove useful in developing a viable investing in Scope Metals
Scope Metals Group Ltd. stores, processes, and delivers metal and plastic worldwide. The company was founded in 1968 and is headquartered in Bnei Ayish, Israel. SCOPE METALS operates under Industrial Distribution classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 524 people.
Scope Metals Stock Technical Analysis
Scope 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
Scope Metals Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Scope Metals Group cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv 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.
Scope Metals December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Scope 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 Scope Metals shares will generate the highest return on investment. By undertsting and applying Scope Metals stock market strength indicators, traders can identify Scope Metals Group entry and exit signals to maximize returns
Scope Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Scope Metals' price direction in advance. Along with the technical and fundamental analysis of Scope Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Scope 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 | 0.1674 | |||
| Jensen Alpha | 0.5498 | |||
| Total Risk Alpha | 0.1796 | |||
| Sortino Ratio | 0.2197 | |||
| Treynor Ratio | (1.25) |
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| Volume Indicators |
Complementary Tools for Scope Stock analysis
When running Scope Metals' price analysis, check to measure Scope 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 Scope Metals is operating at the current time. Most of Scope Metals' value examination focuses on studying past and present price action to predict the probability of Scope Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scope Metals' price. Additionally, you may evaluate how the addition of Scope Metals to your portfolios can decrease your overall portfolio volatility.
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