STEEL EXCHANGE (India) Price on December 23, 2024

STEELXIND   10.55  0.13  1.22%   
Below is the normalized historical share price chart for STEEL EXCHANGE INDIA extending back to July 20, 2017. 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 STEEL EXCHANGE stands at 10.55, as last reported on the 26th of December, with the highest price reaching 10.84 and the lowest price hitting 10.51 during the day.
200 Day MA
12.9134
50 Day MA
10.9572
Beta
1.159
 
Covid
If you're considering investing in STEEL Stock, it is important to understand the factors that can impact its price. STEEL EXCHANGE INDIA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of volatility over the last 3 months. STEEL EXCHANGE INDIA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STEEL EXCHANGE's variance of 4.2, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide.
  
As of now, STEEL EXCHANGE's Total Stockholder Equity is increasing as compared to previous years. The STEEL EXCHANGE's current Liabilities And Stockholders Equity is estimated to increase to about 13 B, while Common Stock Shares Outstanding is projected to decrease to under 725.8 M. . STEEL Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1412

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Estimated Market Risk

 2.09
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.3
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.14
  actual daily
0
Most of other assets perform better
Based on monthly moving average STEEL EXCHANGE 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 STEEL EXCHANGE by adding STEEL EXCHANGE to a well-diversified portfolio.
Price Book
1.8795
Book Value
4.935
Enterprise Value
16 B
Enterprise Value Ebitda
15.367
Price Sales
1.1574

STEEL EXCHANGE Valuation on December 23, 2024

It is possible to determine the worth of STEEL EXCHANGE on a given historical date. On December 23, 2024 STEEL was worth 10.72 at the beginning of the trading date compared to the closed value of 10.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of STEEL EXCHANGE stock. Still, in general, we apply an absolute valuation method to find STEEL EXCHANGE'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 STEEL EXCHANGE where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against STEEL EXCHANGE's related companies.
 Open High Low Close Volume
  10.55    10.78    10.53    10.58    909,023  
12/23/2024
  10.72    10.79    10.38    10.68    974,881  
  10.79    10.84    10.51    10.55    619,065  
Backtest STEEL EXCHANGE  |  STEEL EXCHANGE History  |  STEEL EXCHANGE Valuation   PreviousNext  
Open Value
10.72
10.68
Closing Value
17.00
Upside

STEEL EXCHANGE Trading Date Momentum on December 23, 2024

On December 24 2024 STEEL EXCHANGE INDIA was traded for  10.55  at the closing time. The highest price during the trading period was 10.84  and the lowest recorded bid was listed for  10.51 . The volume for the day was 619.1 K. This history from December 24, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.22% . The trading price change to the current price is 1.03% .

STEEL EXCHANGE INDIA Fundamentals Correlations and Trends

By evaluating STEEL EXCHANGE'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 STEEL EXCHANGE's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. STEEL financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About STEEL EXCHANGE Stock history

STEEL EXCHANGE 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 STEEL is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in STEEL EXCHANGE INDIA 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 STEEL EXCHANGE stock prices may prove useful in developing a viable investing in STEEL EXCHANGE
Last ReportedProjected for Next Year
Common Stock Shares Outstanding1.2 B725.8 M
Net Loss-676.8 M-642.9 M

STEEL EXCHANGE Stock Technical Analysis

STEEL EXCHANGE 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 STEEL EXCHANGE technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of STEEL EXCHANGE 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

STEEL EXCHANGE Period Price Range

Low
December 26, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

STEEL EXCHANGE INDIA 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.

STEEL EXCHANGE December 26, 2024 Market Strength

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

STEEL EXCHANGE Technical and Predictive Indicators

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

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