Ashapura Minechem (India) Price on November 2, 2023
| ASHAPURMIN | 463.95 41.60 9.85% |
Below is the normalized historical share price chart for Ashapura Minechem Limited extending back to January 05, 1996. 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 Ashapura Minechem stands at 463.95, as last reported on the 11th of December 2024, with the highest price reaching 464.55 and the lowest price hitting 425.55 during the day.
If you're considering investing in Ashapura Stock, it is important to understand the factors that can impact its price. Ashapura Minechem appears to be very steady, given 3 months investment horizon. Ashapura Minechem secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. By analyzing Ashapura Minechem's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Ashapura Minechem's risk adjusted performance of 0.095, and Mean Deviation of 3.33 to double-check if our risk estimates are consistent with your expectations.
At this time, Ashapura Minechem's Total Stockholder Equity is relatively stable compared to the past year. As of 12/11/2024, Liabilities And Stockholders Equity is likely to grow to about 34.8 B, while Other Stockholder Equity is likely to drop slightly above 1.8 B. . Ashapura Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 338.9446 | 50 Day MA 296.3624 | Beta 1.029 |
Ashapura |
Sharpe Ratio = 0.1247
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Estimated Market Risk
| 4.88 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Ashapura Minechem is performing at about 9% 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 Ashapura Minechem by adding it to a well-diversified portfolio.
Price Book 3.7466 | Book Value 101.66 | Enterprise Value 47.2 B | Enterprise Value Ebitda 11.5335 | Price Sales 1.7168 |
Ashapura Minechem Valuation on November 2, 2023
It is possible to determine the worth of Ashapura Minechem on a given historical date. On November 2, 2023 Ashapura was worth 295.0 at the beginning of the trading date compared to the closed value of 294.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ashapura Minechem stock. Still, in general, we apply an absolute valuation method to find Ashapura Minechem'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 Ashapura Minechem where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ashapura Minechem's related companies.
| Open | High | Low | Close | Volume | |
| 302.00 | 302.00 | 291.00 | 295.00 | 77,579 | |
11/02/2023 | 295.00 | 302.00 | 293.00 | 294.75 | 77,370 |
| 299.80 | 309.45 | 295.00 | 302.25 | 218,113 |
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Ashapura Minechem Trading Date Momentum on November 2, 2023
| On November 03 2023 Ashapura Minechem Limited was traded for 302.25 at the closing time. The highest price during the trading period was 309.45 and the lowest recorded bid was listed for 295.00 . The volume for the day was 218.1 K. This history from November 3, 2023 contributed to the next trading day price gain. The overall trading delta to the next closing price was 2.54% . The overall trading delta to the current price is 11.76% . |
Ashapura Minechem Fundamentals Correlations and Trends
By evaluating Ashapura Minechem'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 Ashapura Minechem's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ashapura financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ashapura Minechem Stock history
Ashapura Minechem 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 Ashapura is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ashapura Minechem 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 Ashapura Minechem stock prices may prove useful in developing a viable investing in Ashapura Minechem
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 94.1 M | 91 M | |
| Net Income Applicable To Common Shares | 1.3 B | 1.4 B |
Ashapura Minechem Quarterly Net Working Capital |
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Ashapura Minechem Stock Technical Analysis
Ashapura Minechem 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
Ashapura Minechem Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Ashapura Minechem Limited 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.
Ashapura Minechem December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Ashapura Minechem stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ashapura Minechem shares will generate the highest return on investment. By undertsting and applying Ashapura Minechem stock market strength indicators, traders can identify Ashapura Minechem Limited entry and exit signals to maximize returns
Ashapura Minechem Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ashapura Minechem's price direction in advance. Along with the technical and fundamental analysis of Ashapura Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ashapura 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 | 0.095 | |||
| Jensen Alpha | 0.435 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0934 | |||
| Treynor Ratio | 0.4827 |
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Additional Tools for Ashapura Stock Analysis
When running Ashapura Minechem's price analysis, check to measure Ashapura Minechem'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 Ashapura Minechem is operating at the current time. Most of Ashapura Minechem's value examination focuses on studying past and present price action to predict the probability of Ashapura Minechem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashapura Minechem's price. Additionally, you may evaluate how the addition of Ashapura Minechem to your portfolios can decrease your overall portfolio volatility.