Elgi Rubber (India) Price on May 31, 2024
| ELGIRUBCO | 112.47 5.06 4.71% |
Below is the normalized historical share price chart for Elgi Rubber extending back to January 31, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Elgi Rubber stands at 112.47, as last reported on the 30th of November, with the highest price reaching 118.15 and the lowest price hitting 107.44 during the day.
If you're considering investing in Elgi Stock, it is important to understand the factors that can impact its price. At this point, Elgi Rubber is very steady. Elgi Rubber secures Sharpe Ratio (or Efficiency) of 0.0307, which denotes the company had a 0.0307% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Elgi Rubber, which you can use to evaluate the volatility of the firm. Please confirm Elgi Rubber's Mean Deviation of 2.78, coefficient of variation of 2707.59, and Downside Deviation of 3.44 to check if the risk estimate we provide is consistent with the expected return of 0.13%.
The current year's Other Stockholder Equity is expected to grow to about 1.9 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 45.8 M. . Elgi Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 80.3641 | 50 Day MA 102.8412 | Beta 0.636 |
Elgi |
Sharpe Ratio = 0.0307
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| Cash | Small Risk | Average Risk | ELGIRUBCO | Huge Risk |
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Estimated Market Risk
| 4.36 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Elgi Rubber is performing at about 2% 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 Elgi Rubber by adding it to a well-diversified portfolio.
Price Book 2.8333 | Book Value 37.91 | Enterprise Value 8.4 B | Enterprise Value Ebitda 15.1691 | Price Sales 1.4521 |
Elgi Rubber Valuation on May 31, 2024
It is possible to determine the worth of Elgi Rubber on a given historical date. On May 31, 2024 Elgi was worth 68.9 at the beginning of the trading date compared to the closed value of 68.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elgi Rubber stock. Still, in general, we apply an absolute valuation method to find Elgi Rubber'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 Elgi Rubber where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elgi Rubber's related companies.
| Open | High | Low | Close | Volume | |
| 71.15 | 77.90 | 70.95 | 72.50 | 113,463 | |
05/31/2024 | 68.90 | 73.00 | 68.90 | 68.90 | 143,356 |
| 72.30 | 72.30 | 65.45 | 69.15 | 276,265 |
| Backtest Elgi Rubber | | | Elgi Rubber History | | | Elgi Rubber Valuation | Previous | Next |
Elgi Rubber Trading Date Momentum on May 31, 2024
| On June 03 2024 Elgi Rubber was traded for 69.15 at the closing time. The highest price during the trading period was 72.30 and the lowest recorded bid was listed for 65.45 . The volume for the day was 276.3 K. This history from June 3, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.36% . The overall trading delta to the current price is 11.74% . |
Elgi Rubber Fundamentals Correlations and Trends
By evaluating Elgi Rubber'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 Elgi Rubber's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elgi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elgi Rubber Stock history
Elgi Rubber 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 Elgi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elgi Rubber 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 Elgi Rubber stock prices may prove useful in developing a viable investing in Elgi Rubber
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 50 M | 45.8 M | |
| Net Income Applicable To Common Shares | 77.6 M | 81.5 M |
Elgi Rubber Stock Technical Analysis
Elgi Rubber 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
Elgi Rubber Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Elgi Rubber 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.
Elgi Rubber November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Elgi Rubber stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elgi Rubber shares will generate the highest return on investment. By undertsting and applying Elgi Rubber stock market strength indicators, traders can identify Elgi Rubber entry and exit signals to maximize returns
Elgi Rubber Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elgi Rubber's price direction in advance. Along with the technical and fundamental analysis of Elgi Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elgi 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 | 0.0364 | |||
| Jensen Alpha | 0.0819 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.006 | |||
| Treynor Ratio | 0.2851 |
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Complementary Tools for Elgi Stock analysis
When running Elgi Rubber's price analysis, check to measure Elgi Rubber'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 Elgi Rubber is operating at the current time. Most of Elgi Rubber's value examination focuses on studying past and present price action to predict the probability of Elgi Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elgi Rubber's price. Additionally, you may evaluate how the addition of Elgi Rubber to your portfolios can decrease your overall portfolio volatility.
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