Daido Steel (Germany) Price on May 10, 2024

DDL Stock  EUR 7.05  0.15  2.08%   
If you're considering investing in Daido Stock, it is important to understand the factors that can impact its price. As of today, the current price of Daido Steel stands at 7.05, as last reported on the 23rd of November, with the highest price reaching 7.05 and the lowest price hitting 7.05 during the day. Daido Steel secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Daido Steel Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Daido Steel's Mean Deviation of 1.19, variance of 2.97, and Standard Deviation of 1.72 to check the risk estimate we provide.
  
Daido Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1709

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Estimated Market Risk

 1.7
  actual daily
15
85% of assets are more volatile

Expected Return

 -0.29
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.17
  actual daily
0
Most of other assets perform better
Based on monthly moving average Daido Steel 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 Daido Steel by adding Daido Steel to a well-diversified portfolio.

Daido Steel Valuation on May 10, 2024

It is possible to determine the worth of Daido Steel on a given historical date. On May 10, 2024 Daido was worth 9.35 at the beginning of the trading date compared to the closed value of 9.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Daido Steel stock. Still, in general, we apply an absolute valuation method to find Daido Steel'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 Daido Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Daido Steel's related companies.
 Open High Low Close Volume
  10.10    10.10    10.10    10.10    1.00  
05/10/2024
  9.35    9.35    9.35    9.35    1.00  
  9.30    9.85    9.30    9.85    20.00  
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Open Value
9.35
9.35
Closing Value
14.45
Upside

Daido Steel Trading Date Momentum on May 10, 2024

On May 13 2024 Daido Steel Co was traded for  9.85  at the closing time. The highest daily price throughout the period was 9.85  and the lowest price was  9.30 . The daily volume was 20.0. The net trading volume on 05/13/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 5.35% . The overall trading delta to current closing price is 1.60% .

Daido Steel Fundamentals Correlations and Trends

By evaluating Daido Steel'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 Daido Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Daido financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Daido Steel Stock history

Daido Steel 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 Daido is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Daido Steel 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 Daido Steel stock prices may prove useful in developing a viable investing in Daido Steel
Daido Steel Co., Ltd. manufactures and sells steel products in Japan, rest of Asia, North America, and internationally. Daido Steel Co., Ltd. was founded in 1916 and is headquartered in Nagoya, Japan. DAIDO STEEL operates under Steel classification in Germany and is traded on Frankfurt Stock Exchange. It employs 12421 people.

Daido Steel Stock Technical Analysis

Daido Steel 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.
A focus of Daido Steel technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Daido Steel trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Daido Steel Period Price Range

Low
November 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Daido Steel Co cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.

Daido Steel November 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Daido Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daido Steel shares will generate the highest return on investment. By undertsting and applying Daido Steel stock market strength indicators, traders can identify Daido Steel Co entry and exit signals to maximize returns

Daido Steel Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Daido Steel's price direction in advance. Along with the technical and fundamental analysis of Daido Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Daido 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.

Complementary Tools for Daido Stock analysis

When running Daido Steel's price analysis, check to measure Daido Steel'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 Daido Steel is operating at the current time. Most of Daido Steel's value examination focuses on studying past and present price action to predict the probability of Daido Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daido Steel's price. Additionally, you may evaluate how the addition of Daido Steel to your portfolios can decrease your overall portfolio volatility.
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