Electrosteel Castings (India) Price on December 6, 2024

ELECTCAST   126.40  3.00  2.43%   
If you're considering investing in Electrosteel Stock, it is important to understand the factors that can impact its price. As of today, the current price of Electrosteel Castings stands at 126.40, as last reported on the 31st of January, with the highest price reaching 130.02 and the lowest price hitting 122.10 during the day. Electrosteel Castings secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13 % return per unit of risk over the last 3 months. Electrosteel Castings Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Electrosteel Castings' Variance of 9.26, mean deviation of 2.3, and Standard Deviation of 3.04 to check the risk estimate we provide.
  
Electrosteel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1258

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Estimated Market Risk

 3.04
  actual daily
27
73% of assets are more volatile

Expected Return

 -0.38
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.13
  actual daily
0
Most of other assets perform better
Based on monthly moving average Electrosteel Castings 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 Electrosteel Castings by adding Electrosteel Castings to a well-diversified portfolio.

Electrosteel Castings Valuation on December 6, 2024

It is possible to determine the worth of Electrosteel Castings on a given historical date. On December 6, 2024 Electrosteel was worth 164.6 at the beginning of the trading date compared to the closed value of 166.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Electrosteel Castings stock. Still, in general, we apply an absolute valuation method to find Electrosteel Castings' 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 Electrosteel Castings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Electrosteel Castings' related companies.
 Open High Low Close Volume
  160.78    165.49    160.15    164.09    1,632,569  
12/06/2024
  164.60    168.48    162.80    166.24    2,629,772  
  166.95    170.70    166.61    168.28    1,862,762  
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Open Value
164.6
155.47
Downside
166.24
Closing Value
173.73
Upside

Electrosteel Castings Trading Date Momentum on December 6, 2024

On December 09 2024 Electrosteel Castings Limited was traded for  168.28  at the closing time. The highest price during the trading period was 170.70  and the lowest recorded bid was listed for  166.61 . The volume for the day was 1.9 M. This history from December 9, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.23% . The overall trading delta to the current price is 4.34% .

Electrosteel Castings Fundamentals Correlations and Trends

By evaluating Electrosteel Castings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Electrosteel Castings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Electrosteel financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Electrosteel Castings Stock history

Electrosteel Castings 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 Electrosteel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Electrosteel Castings 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 Electrosteel Castings stock prices may prove useful in developing a viable investing in Electrosteel Castings

Electrosteel Castings Stock Technical Analysis

Electrosteel Castings 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 Electrosteel Castings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Electrosteel Castings 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

Electrosteel Castings Period Price Range

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January 31, 2025
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Electrosteel Castings 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.

Electrosteel Castings January 31, 2025 Market Strength

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

Electrosteel Castings Technical and Predictive Indicators

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

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