Gyeongnam Steel (Korea) Price on December 18, 2023
| 039240 Stock | KRW 2,965 65.00 2.15% |
If you're considering investing in Gyeongnam Stock, it is important to understand the factors that can impact its price. As of today, the current price of Gyeongnam Steel stands at 2,965, as last reported on the 27th of November, with the highest price reaching 3,020 and the lowest price hitting 2,930 during the day. At this point, Gyeongnam Steel is very steady. Gyeongnam Steel holds Efficiency (Sharpe) Ratio of 0.0656, which attests that the entity had a 0.0656% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gyeongnam Steel, which you can use to evaluate the volatility of the firm. Please check out Gyeongnam Steel's Market Risk Adjusted Performance of (1.01), downside deviation of 1.31, and Risk Adjusted Performance of 0.0392 to validate if the risk estimate we provide is consistent with the expected return of 0.0972%.
Gyeongnam Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Gyeongnam |
Sharpe Ratio = 0.0656
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | 039240 | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.48 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Gyeongnam Steel is performing at about 5% 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 Gyeongnam Steel by adding it to a well-diversified portfolio.
Gyeongnam Steel Valuation on December 18, 2023
It is possible to determine the worth of Gyeongnam Steel on a given historical date. On December 18, 2023 Gyeongnam was worth 3066.41 at the beginning of the trading date compared to the closed value of 3061.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gyeongnam Steel stock. Still, in general, we apply an absolute valuation method to find Gyeongnam 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 Gyeongnam Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gyeongnam Steel's related companies.
| Open | High | Low | Close | Volume | |
| 3,042 | 3,076 | 3,028 | 3,047 | 71,224 | |
12/18/2023 | 3,066 | 3,066 | 3,042 | 3,062 | 54,793 |
| 3,038 | 3,100 | 3,038 | 3,071 | 77,583 |
| Backtest Gyeongnam Steel | | | Gyeongnam Steel History | | | Gyeongnam Steel Valuation | Previous | Next |
Gyeongnam Steel Trading Date Momentum on December 18, 2023
| On December 19 2023 Gyeongnam Steel Co was traded for 3,071 at the closing time. The highest price during the trading period was 3,100 and the lowest recorded bid was listed for 3,038 . The volume for the day was 77.6 K. This history from December 19, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.31% . The overall trading delta to the current price is 1.91% . |
Gyeongnam Steel Fundamentals Correlations and Trends
By evaluating Gyeongnam 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 Gyeongnam Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gyeongnam financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gyeongnam Steel Stock history
Gyeongnam 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 Gyeongnam is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gyeongnam 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 Gyeongnam Steel stock prices may prove useful in developing a viable investing in Gyeongnam Steel
Gyeongnam Steel Co., Ltd manufactures and sells steel products in South Korea. The company was founded in 1990 and is based in Changwon, South Korea. K Steel is traded on Korean Securities Dealers Automated Quotations in South Korea.
Gyeongnam Steel Stock Technical Analysis
Gyeongnam 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.
Price Boundaries
Gyeongnam Steel Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Gyeongnam Steel Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. 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.
Gyeongnam Steel November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Gyeongnam 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 Gyeongnam Steel shares will generate the highest return on investment. By undertsting and applying Gyeongnam Steel stock market strength indicators, traders can identify Gyeongnam Steel Co entry and exit signals to maximize returns
Gyeongnam Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gyeongnam Steel's price direction in advance. Along with the technical and fundamental analysis of Gyeongnam Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gyeongnam 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 | 0.0392 | |||
| Jensen Alpha | 0.0589 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (1.02) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Gyeongnam Stock analysis
When running Gyeongnam Steel's price analysis, check to measure Gyeongnam 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 Gyeongnam Steel is operating at the current time. Most of Gyeongnam Steel's value examination focuses on studying past and present price action to predict the probability of Gyeongnam 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 Gyeongnam Steel's price. Additionally, you may evaluate how the addition of Gyeongnam Steel to your portfolios can decrease your overall portfolio volatility.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |