Indian Renewable (India) Price on October 31, 2024
| IREDA Stock | 205.16 3.25 1.56% |
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 205.16, as last reported on the 1st of December, with the highest price reaching 210.70 and the lowest price hitting 202.00 during the day. Indian Renewable Energy holds Efficiency (Sharpe) Ratio of -0.0875, which attests that the entity had a -0.0875% return per unit of risk over the last 3 months. Indian Renewable Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indian Renewable's Market Risk Adjusted Performance of (0.59), standard deviation of 2.44, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide.
As of the 1st 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.
Indian |
Sharpe Ratio = -0.0875
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Estimated Market Risk
| 2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 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 5.9063 | Enterprise Value Ebitda 34.0983 | Price Sales 25.9781 | Shares Float 673.1 M | Wall Street Target Price 205 |
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Indian Renewable Valuation on October 31, 2024
It is possible to determine the worth of Indian Renewable on a given historical date. On October 31, 2024 Indian was worth 210.9 at the beginning of the trading date compared to the closed value of 210.04. 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 | |
| 205.51 | 211.83 | 201.91 | 210.21 | 7,183,024 | |
10/31/2024 | 210.90 | 213.95 | 208.21 | 210.04 | 5,472,368 |
| 210.04 | 210.04 | 210.04 | 210.04 | 1,428,316 |
| Backtest Indian Renewable | | | Indian Renewable History | | | Indian Renewable Valuation | Previous | Next |
Indian Renewable Trading Date Momentum on October 31, 2024
| On November 01 2024 Indian Renewable Energy was traded for 210.04 at the closing time. The highest price during the trading period was 210.04 and the lowest recorded bid was listed for 210.04 . The volume for the day was 1.4 M. This history from November 1, 2024 did not cause price change. The trading delta at closing time to the current price is 5.03% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.4 B | 1.3 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.
Price Boundaries
Indian Renewable Period Price Range
Low | December 1, 2024
| 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 1, 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.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.60) |
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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.