Hyundai Steel (Korea) Price on September 5, 2024

004020 Stock   21,400  450.00  2.15%   
If you're considering investing in Hyundai Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hyundai Steel stands at 21,400, as last reported on the 27th of November, with the highest price reaching 21,500 and the lowest price hitting 20,800 during the day. Hyundai Steel holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Hyundai Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hyundai Steel's Standard Deviation of 2.11, market risk adjusted performance of 1.96, and Risk Adjusted Performance of (0.10) to validate the risk estimate we provide.
  
Hyundai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1216

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Estimated Market Risk

 2.25
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.27
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Hyundai Steel 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 Hyundai Steel by adding Hyundai Steel to a well-diversified portfolio.

Hyundai Steel Valuation on September 5, 2024

It is possible to determine the worth of Hyundai Steel on a given historical date. On September 5, 2024 Hyundai was worth 24950.0 at the beginning of the trading date compared to the closed value of 24600.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hyundai Steel stock. Still, in general, we apply an absolute valuation method to find Hyundai Steel'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 Hyundai Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hyundai Steel's related companies.
 Open High Low Close Volume
  25,800    25,800    24,750    24,750    463,348  
09/05/2024
  24,950    25,250    24,550    24,600    262,076  
  24,650    24,850    24,300    24,450    248,972  
Backtest Hyundai Steel  |  Hyundai Steel History  |  Hyundai Steel Valuation   PreviousNext  
Open Value
24950.0
24,943
Downside
24600.0
Closing Value
24,957
Upside

Hyundai Steel Trading Date Momentum on September 5, 2024

On September 06 2024 Hyundai Steel was traded for  24,450  at the closing time. The highest price during the trading period was 24,850  and the lowest recorded bid was listed for  24,300 . The volume for the day was 249 K. This history from September 6, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.61% . The trading delta at closing time to the current price is 0.41% .

Hyundai Steel Fundamentals Correlations and Trends

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

About Hyundai Steel Stock history

Hyundai Steel 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 Hyundai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hyundai Steel 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 Hyundai Steel stock prices may prove useful in developing a viable investing in Hyundai Steel

Hyundai Steel Stock Technical Analysis

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

Hyundai Steel Period Price Range

Low
November 27, 2024
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High

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Hyundai Steel cannot be verified against its exchange. Please verify the symbol is currently traded on Korea 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.

Hyundai Steel November 27, 2024 Market Strength

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

Hyundai Steel Technical and Predictive Indicators

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

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