Eternit SA (Brazil) Price on August 24, 2023

ETER3 Stock  BRL 6.17  0.41  7.12%   
If you're considering investing in Eternit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Eternit SA stands at 6.17, as last reported on the 29th of November, with the highest price reaching 6.20 and the lowest price hitting 5.60 during the day. Currently, Eternit SA is somewhat reliable. Eternit SA secures Sharpe Ratio (or Efficiency) of 0.0071, which denotes the company had a 0.0071% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Eternit SA, which you can use to evaluate the volatility of the firm. Please confirm Eternit SA's Standard Deviation of 2.33, variance of 5.42, and Mean Deviation of 1.53 to check if the risk estimate we provide is consistent with the expected return of 0.0168%.
  
Eternit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0071

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Estimated Market Risk

 2.38
  actual daily
21
79% of assets are more volatile

Expected Return

 0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Eternit SA 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 Eternit SA by adding Eternit SA to a well-diversified portfolio.

Eternit SA Valuation on August 24, 2023

It is possible to determine the worth of Eternit SA on a given historical date. On August 24, 2023 Eternit was worth 8.52 at the beginning of the trading date compared to the closed value of 8.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eternit SA stock. Still, in general, we apply an absolute valuation method to find Eternit SA'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 Eternit SA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eternit SA's related companies.
 Open High Low Close Volume
  8.73    8.73    8.43    8.47    273,000  
08/24/2023
  8.52    8.57    8.39    8.57    219,300  
  8.57    8.57    8.38    8.38    141,600  
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Open Value
8.52
8.57
Closing Value
15.65
Upside

Eternit SA Trading Date Momentum on August 24, 2023

On August 25 2023 Eternit SA was traded for  8.38  at the closing time. The highest price during the trading period was 8.57  and the lowest recorded bid was listed for  8.38 . The volume for the day was 141.6 K. This history from August 25, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.22% . The overall trading delta to the current price is 3.27% .

Eternit SA Fundamentals Correlations and Trends

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

About Eternit SA Stock history

Eternit SA 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 Eternit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eternit SA 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 Eternit SA stock prices may prove useful in developing a viable investing in Eternit SA
The company also offers fiber cement tiles, concrete tiles, parts, solar roof titles, cement plates, and wall panel products. Eternit S.A. was founded in 1940 and is headquartered in So Paulo, Brazil. ETERNIT ON operates under Building Products Equipment classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 1393 people.

Eternit SA Stock Technical Analysis

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

Eternit SA Period Price Range

Low
November 29, 2024
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High

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Eternit SA cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo 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.

Eternit SA November 29, 2024 Market Strength

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

Eternit SA Technical and Predictive Indicators

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

Additional Tools for Eternit Stock Analysis

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