Bestway Cement (Pakistan) Price on September 13, 2024
| BWCL Stock | 324.73 3.82 1.19% |
If you're considering investing in Bestway Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bestway Cement stands at 324.73, as last reported on the 2nd of December, with the highest price reaching 330.00 and the lowest price hitting 318.00 during the day. Bestway Cement appears to be very steady, given 3 months investment horizon. Bestway Cement secures Sharpe Ratio (or Efficiency) of 0.38, which signifies that the company had a 0.38% return per unit of risk over the last 3 months. By analyzing Bestway Cement's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Bestway Cement's Risk Adjusted Performance of 0.2999, coefficient of variation of 259.05, and Mean Deviation of 1.0 to double-check if our risk estimates are consistent with your expectations.
Bestway Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bestway |
Sharpe Ratio = 0.3788
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | BWCL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.5 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.57 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.38 actual daily | 29 71% of assets perform better |
Based on monthly moving average Bestway Cement is performing at about 29% 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 Bestway Cement by adding it to a well-diversified portfolio.
Bestway Cement Valuation on September 13, 2024
It is possible to determine the worth of Bestway Cement on a given historical date. On September 13, 2024 Bestway was worth 233.59 at the beginning of the trading date compared to the closed value of 232.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bestway Cement stock. Still, in general, we apply an absolute valuation method to find Bestway Cement'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 Bestway Cement where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bestway Cement's related companies.
| Open | High | Low | Close | Volume | |
| 230.67 | 232.42 | 230.67 | 231.77 | 2,956 | |
09/13/2024 | 233.59 | 234.08 | 230.77 | 232.07 | 12,086 |
| 233.59 | 233.59 | 226.35 | 232.61 | 34,072 |
| Backtest Bestway Cement | | | Bestway Cement History | | | Bestway Cement Valuation | Previous | Next |
Bestway Cement Trading Date Momentum on September 13, 2024
| On September 16 2024 Bestway Cement was traded for 232.61 at the closing time. The highest price during the trading period was 233.59 and the lowest recorded bid was listed for 226.35 . The volume for the day was 34.1 K. This history from September 16, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.23% . The overall trading delta to the current price is 4.01% . |
Bestway Cement Fundamentals Correlations and Trends
By evaluating Bestway Cement'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 Bestway Cement's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bestway financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bestway Cement Stock history
Bestway Cement 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 Bestway is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bestway Cement 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 Bestway Cement stock prices may prove useful in developing a viable investing in Bestway Cement
Bestway Cement Stock Technical Analysis
Bestway Cement 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
Bestway Cement Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Bestway Cement 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.
Bestway Cement December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Bestway Cement stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bestway Cement shares will generate the highest return on investment. By undertsting and applying Bestway Cement stock market strength indicators, traders can identify Bestway Cement entry and exit signals to maximize returns
Bestway Cement Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bestway Cement's price direction in advance. Along with the technical and fundamental analysis of Bestway Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bestway 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 | 0.2999 | |||
| Jensen Alpha | 0.5846 | |||
| Total Risk Alpha | 0.313 | |||
| Sortino Ratio | 0.4507 | |||
| Treynor Ratio | (2.79) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Bestway Stock analysis
When running Bestway Cement's price analysis, check to measure Bestway Cement'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 Bestway Cement is operating at the current time. Most of Bestway Cement's value examination focuses on studying past and present price action to predict the probability of Bestway Cement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bestway Cement's price. Additionally, you may evaluate how the addition of Bestway Cement to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |