Ittehad Chemicals (Pakistan) Price on November 27, 2024
| ICL Stock | 67.63 0.09 0.13% |
If you're considering investing in Ittehad Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ittehad Chemicals stands at 67.63, as last reported on the 2nd of December, with the highest price reaching 68.45 and the lowest price hitting 66.50 during the day. Ittehad Chemicals appears to be very steady, given 3 months investment horizon. Ittehad Chemicals holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. By evaluating Ittehad Chemicals' technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please utilize Ittehad Chemicals' Downside Deviation of 1.82, market risk adjusted performance of 1.13, and Risk Adjusted Performance of 0.2058 to validate if our risk estimates are consistent with your expectations.
Ittehad Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ittehad |
Sharpe Ratio = 0.2728
| Best Portfolio | Best Equity | |||
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Estimated Market Risk
| 2.6 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Ittehad Chemicals is performing at about 21% 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 Ittehad Chemicals by adding it to a well-diversified portfolio.
Ittehad Chemicals Valuation on November 27, 2024
It is possible to determine the worth of Ittehad Chemicals on a given historical date. On November 27, 2024 Ittehad was worth 66.45 at the beginning of the trading date compared to the closed value of 65.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ittehad Chemicals stock. Still, in general, we apply an absolute valuation method to find Ittehad Chemicals' 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 Ittehad Chemicals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ittehad Chemicals' related companies.
| Open | High | Low | Close | Volume | |
| 59.00 | 62.52 | 58.20 | 62.52 | 1,586,259 | |
11/27/2024 | 66.45 | 67.00 | 63.00 | 65.14 | 912,449 |
| 64.00 | 69.75 | 64.00 | 67.54 | 629,095 |
| Backtest Ittehad Chemicals | | | Ittehad Chemicals History | | | Ittehad Chemicals Valuation | Previous | Next |
Ittehad Chemicals Trading Date Momentum on November 27, 2024
| On November 28 2024 Ittehad Chemicals was traded for 67.54 at the closing time. The highest price during the trading period was 69.75 and the lowest recorded bid was listed for 64.00 . The volume for the day was 629.1 K. This history from November 28, 2024 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 3.68% . The trading delta at closing time to the current price is 3.62% . |
About Ittehad Chemicals Stock history
Ittehad Chemicals 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 Ittehad is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ittehad Chemicals 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 Ittehad Chemicals stock prices may prove useful in developing a viable investing in Ittehad Chemicals
Ittehad Chemicals Stock Technical Analysis
Ittehad Chemicals 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
Ittehad Chemicals Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Ittehad Chemicals 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.
Ittehad Chemicals December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Ittehad Chemicals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ittehad Chemicals shares will generate the highest return on investment. By undertsting and applying Ittehad Chemicals stock market strength indicators, traders can identify Ittehad Chemicals entry and exit signals to maximize returns
Ittehad Chemicals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ittehad Chemicals' price direction in advance. Along with the technical and fundamental analysis of Ittehad Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ittehad 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 | 0.2058 | |||
| Jensen Alpha | 0.5829 | |||
| Total Risk Alpha | 0.2292 | |||
| Sortino Ratio | 0.2913 | |||
| Treynor Ratio | 1.12 |
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Additional Tools for Ittehad Stock Analysis
When running Ittehad Chemicals' price analysis, check to measure Ittehad Chemicals' 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 Ittehad Chemicals is operating at the current time. Most of Ittehad Chemicals' value examination focuses on studying past and present price action to predict the probability of Ittehad Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ittehad Chemicals' price. Additionally, you may evaluate how the addition of Ittehad Chemicals to your portfolios can decrease your overall portfolio volatility.