Bharat Forge (India) Price on September 21, 2024
BHARATFORG | 1,332 3.05 0.23% |
If you're considering investing in Bharat Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bharat Forge stands at 1,332, as last reported on the 2nd of December, with the highest price reaching 1,346 and the lowest price hitting 1,326 during the day. Bharat Forge Limited secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of standard deviation over the last 3 months. Bharat Forge Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bharat Forge's mean deviation of 1.2, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide.
Bharat Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bharat |
Sharpe Ratio = -0.1636
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Estimated Market Risk
1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bharat Forge 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 Bharat Forge by adding Bharat Forge to a well-diversified portfolio.
Bharat Forge Valuation on September 21, 2024
It is possible to determine the worth of Bharat Forge on a given historical date. On September 21, 2024 Bharat was worth 1585.95 at the beginning of the trading date compared to the closed value of 1591.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bharat Forge stock. Still, in general, we apply an absolute valuation method to find Bharat Forge'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 Bharat Forge where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bharat Forge's related companies.
Open | High | Low | Close | Volume | |
1,580 | 1,595 | 1,534 | 1,586 | 887,507 | |
09/20/2024 | 1,586 | 1,601 | 1,573 | 1,591 | 976,606 |
1,601 | 1,626 | 1,577 | 1,582 | 1.00 |
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Bharat Forge Trading Date Momentum on September 21, 2024
On September 23 2024 Bharat Forge Limited was traded for 1,582 at the closing time. The highest price during the trading period was 1,626 and the lowest recorded bid was listed for 1,577 . There was no trading activity during the period 1.0. Lack of trading volume on September 23, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.57% . The overall trading delta to the current price is 4.45% . |
Bharat Forge Limited Fundamentals Correlations and Trends
By evaluating Bharat Forge'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 Bharat Forge's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bharat financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bharat Forge Stock history
Bharat Forge 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 Bharat is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bharat Forge Limited 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 Bharat Forge stock prices may prove useful in developing a viable investing in Bharat Forge
Bharat Forge Stock Technical Analysis
Bharat Forge 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
Bharat Forge Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Bharat Forge 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.
Bharat Forge December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Bharat Forge stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bharat Forge shares will generate the highest return on investment. By undertsting and applying Bharat Forge stock market strength indicators, traders can identify Bharat Forge Limited entry and exit signals to maximize returns
Bharat Forge Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bharat Forge's price direction in advance. Along with the technical and fundamental analysis of Bharat Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bharat 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 | (0.12) | |||
Jensen Alpha | (0.29) | |||
Total Risk Alpha | (0.52) | |||
Treynor Ratio | (0.98) |
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Volume Indicators |
Complementary Tools for Bharat Stock analysis
When running Bharat Forge's price analysis, check to measure Bharat Forge'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 Bharat Forge is operating at the current time. Most of Bharat Forge's value examination focuses on studying past and present price action to predict the probability of Bharat Forge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bharat Forge's price. Additionally, you may evaluate how the addition of Bharat Forge to your portfolios can decrease your overall portfolio volatility.
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