Acerinox Sa Adr Stock Price on October 23, 2024
ANIOY Stock | USD 5.05 0.37 7.91% |
If you're considering investing in Acerinox Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Acerinox stands at 5.05, as last reported on the 22nd of November, with the highest price reaching 5.05 and the lowest price hitting 5.05 during the day. Acerinox SA ADR secures Sharpe Ratio (or Efficiency) of -0.0239, which signifies that the company had a -0.0239% return per unit of standard deviation over the last 3 months. Acerinox SA ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acerinox's mean deviation of 1.17, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
Acerinox Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Acerinox |
Sharpe Ratio = -0.0239
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Estimated Market Risk
2.56 actual daily | 22 78% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Acerinox 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 Acerinox by adding Acerinox to a well-diversified portfolio.
Acerinox Valuation on October 23, 2024
It is possible to determine the worth of Acerinox on a given historical date. On October 23, 2024 Acerinox was worth 4.96 at the beginning of the trading date compared to the closed value of 4.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Acerinox pink sheet. Still, in general, we apply an absolute valuation method to find Acerinox'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 Acerinox where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Acerinox's related companies.
Open | High | Low | Close | Volume | |
4.96 | 4.96 | 4.96 | 4.96 | 35.00 | |
10/23/2024 | 4.96 | 4.96 | 4.96 | 4.96 | 1.00 |
4.96 | 4.96 | 4.96 | 4.96 | 1.00 |
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Acerinox Trading Date Momentum on October 23, 2024
On October 24 2024 Acerinox SA ADR was traded for 4.96 at the closing time. The highest daily price throughout the period was 4.96 and the lowest price was 4.96 . There was no trading activity during the period 1.0. Lack of trading volume on 10/24/2024 did not affect price variability. The overall trading delta to current closing price is 6.85% . |
Acerinox SA ADR Fundamentals Correlations and Trends
By evaluating Acerinox'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 Acerinox's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Acerinox financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Acerinox Pink Sheet history
Acerinox 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 Acerinox is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Acerinox SA ADR 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 Acerinox stock prices may prove useful in developing a viable investing in Acerinox
Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe. The company was incorporated in 1970 and is headquartered in Madrid, Spain. Acerinox operates under Steel classification in the United States and is traded on OTC Exchange. It employs 8429 people.
Acerinox Pink Sheet Technical Analysis
Acerinox technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Acerinox Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Acerinox SA ADR cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Acerinox November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Acerinox pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Acerinox shares will generate the highest return on investment. By undertsting and applying Acerinox pink sheet market strength indicators, traders can identify Acerinox SA ADR entry and exit signals to maximize returns
Acerinox Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Acerinox's price direction in advance. Along with the technical and fundamental analysis of Acerinox Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Acerinox 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 | (0.03) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.42) | |||
Treynor Ratio | (37.44) |
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Additional Tools for Acerinox Pink Sheet Analysis
When running Acerinox's price analysis, check to measure Acerinox'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 Acerinox is operating at the current time. Most of Acerinox's value examination focuses on studying past and present price action to predict the probability of Acerinox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acerinox's price. Additionally, you may evaluate how the addition of Acerinox to your portfolios can decrease your overall portfolio volatility.