Amreli Steels (Pakistan) Price on September 6, 2024
ASTL Stock | 21.04 0.36 1.68% |
If you're considering investing in Amreli Stock, it is important to understand the factors that can impact its price. As of today, the current price of Amreli Steels stands at 21.04, as last reported on the 30th of November, with the highest price reaching 21.75 and the lowest price hitting 19.51 during the day. Amreli Steels secures Sharpe Ratio (or Efficiency) of -0.0341, which signifies that the company had a -0.0341% return per unit of risk over the last 3 months. Amreli Steels exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amreli Steels' Standard Deviation of 3.15, mean deviation of 2.23, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
Amreli Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Amreli |
Sharpe Ratio = -0.0341
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Negative Returns | ASTL |
Estimated Market Risk
3.19 actual daily | 28 72% of assets are more volatile |
Expected Return
-0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Amreli Steels 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 Amreli Steels by adding Amreli Steels to a well-diversified portfolio.
Amreli Steels Valuation on September 6, 2024
It is possible to determine the worth of Amreli Steels on a given historical date. On September 6, 2024 Amreli was worth 24.0 at the beginning of the trading date compared to the closed value of 24.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Amreli Steels stock. Still, in general, we apply an absolute valuation method to find Amreli Steels' 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 Amreli Steels where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Amreli Steels' related companies.
Open | High | Low | Close | Volume | |
24.05 | 24.05 | 23.71 | 23.82 | 68,277 | |
09/06/2024 | 24.00 | 24.05 | 23.70 | 24.00 | 46,424 |
24.00 | 24.25 | 23.50 | 24.02 | 61,696 |
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Amreli Steels Trading Date Momentum on September 6, 2024
On September 09 2024 Amreli Steels was traded for 24.02 at the closing time. The highest price during the trading period was 24.25 and the lowest recorded bid was listed for 23.50 . The volume for the day was 61.7 K. This history from September 9, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.08% . The overall trading delta to the current price is 4.04% . |
Amreli Steels Fundamentals Correlations and Trends
By evaluating Amreli Steels' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Amreli Steels' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Amreli financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Amreli Steels Stock history
Amreli Steels 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 Amreli is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Amreli Steels 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 Amreli Steels stock prices may prove useful in developing a viable investing in Amreli Steels
Amreli Steels Stock Technical Analysis
Amreli Steels 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
Amreli Steels Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Amreli Steels cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi 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.
Amreli Steels November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Amreli Steels stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Amreli Steels shares will generate the highest return on investment. By undertsting and applying Amreli Steels stock market strength indicators, traders can identify Amreli Steels entry and exit signals to maximize returns
Amreli Steels Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Amreli Steels' price direction in advance. Along with the technical and fundamental analysis of Amreli Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Amreli 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 | (0.1) | |||
Total Risk Alpha | (0.69) | |||
Treynor Ratio | 0.3124 |
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Volume Indicators |
Complementary Tools for Amreli Stock analysis
When running Amreli Steels' price analysis, check to measure Amreli Steels' 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 Amreli Steels is operating at the current time. Most of Amreli Steels' value examination focuses on studying past and present price action to predict the probability of Amreli Steels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amreli Steels' price. Additionally, you may evaluate how the addition of Amreli Steels to your portfolios can decrease your overall portfolio volatility.
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