Indian Renewable (India) Price on January 23, 2024

IREDA Stock   221.15  0.10  0.05%   
If you're considering investing in Indian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Indian Renewable stands at 221.15, as last reported on the 11th of December 2024, with the highest price reaching 223.50 and the lowest price hitting 217.05 during the day. Indian Renewable Energy holds Efficiency (Sharpe) Ratio of -0.0224, which attests that the entity had a -0.0224% return per unit of risk over the last 3 months. Indian Renewable Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indian Renewable's Standard Deviation of 2.42, market risk adjusted performance of (0.02), and Risk Adjusted Performance of 0.003 to validate the risk estimate we provide.
  
As of the 11th of December 2024, Total Stockholder Equity is likely to drop to about 81.3 B. In addition to that, Common Stock Shares Outstanding is likely to drop to about 1.3 B. Indian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0224

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Estimated Market Risk

 2.39
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.05
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Indian Renewable 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 Indian Renewable by adding Indian Renewable to a well-diversified portfolio.
Price Book
6.3695
Enterprise Value Ebitda
35.474
Price Sales
28.0092
Shares Float
673.1 M
Wall Street Target Price
205

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Indian Renewable Valuation on January 23, 2024

It is possible to determine the worth of Indian Renewable on a given historical date. On January 23, 2024 Indian was worth 156.25 at the beginning of the trading date compared to the closed value of 154.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Indian Renewable stock. Still, in general, we apply an absolute valuation method to find Indian Renewable'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 Indian Renewable where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Indian Renewable's related companies.
 Open High Low Close Volume
  124.20    135.35    123.70    135.35    111,113,228  
01/23/2024
  156.25    156.25    144.10    154.05    120,793,026  
  157.50    161.75    148.55    161.75    73,799,763  
Backtest Indian Renewable  |  Indian Renewable History  |  Indian Renewable Valuation   PreviousNext  
Open Value
156.25
149.07
Downside
154.05
Closing Value
163.43
Upside

Indian Renewable Trading Date Momentum on January 23, 2024

On January 24 2024 Indian Renewable Energy was traded for  161.75  at the closing time. The highest price during the trading period was 161.75  and the lowest recorded bid was listed for  148.55 . The volume for the day was 73.8 M. This history from January 24, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 5.00% . The trading delta at closing time to the current price is 24.25% .

Indian Renewable Energy Fundamentals Correlations and Trends

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

About Indian Renewable Stock history

Indian Renewable 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 Indian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Indian Renewable Energy 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 Indian Renewable stock prices may prove useful in developing a viable investing in Indian Renewable
Last ReportedProjected for Next Year
Common Stock Shares Outstanding2.4 B1.3 B

Indian Renewable Stock Technical Analysis

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

Indian Renewable Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Indian Renewable Energy 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.

Indian Renewable December 11, 2024 Market Strength

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

Indian Renewable Technical and Predictive Indicators

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

Other Information on Investing in Indian Stock

Indian Renewable financial ratios help investors to determine whether Indian Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Indian with respect to the benefits of owning Indian Renewable security.