Steel Pipe (Indonesia) Price on November 18, 2024

ISSP Stock  IDR 288.00  2.00  0.70%   
If you're considering investing in Steel Stock, it is important to understand the factors that can impact its price. As of today, the current price of Steel Pipe stands at 288.00, as last reported on the 11th of December 2024, with the highest price reaching 290.00 and the lowest price hitting 286.00 during the day. Steel Pipe Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0591, which indicates the firm had a -0.0591% return per unit of risk over the last 3 months. Steel Pipe Industry exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steel Pipe's Risk Adjusted Performance of (0.07), coefficient of variation of (985.42), and Variance of 1.09 to confirm the risk estimate we provide.
  
Steel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0591

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsISSP

Estimated Market Risk

 1.01
  actual daily
8
92% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Steel Pipe 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 Steel Pipe by adding Steel Pipe to a well-diversified portfolio.

Steel Pipe Valuation on November 18, 2024

It is possible to determine the worth of Steel Pipe on a given historical date. On November 18, 2024 Steel was worth 282.0 at the beginning of the trading date compared to the closed value of 286.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Steel Pipe stock. Still, in general, we apply an absolute valuation method to find Steel Pipe'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 Steel Pipe where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Steel Pipe's related companies.
 Open High Low Close Volume
  286.00    286.00    280.00    282.00    1,107,700  
11/18/2024
  282.00    294.00    282.00    286.00    1,644,100  
  290.00    290.00    284.00    288.00    478,000  
Backtest Steel Pipe  |  Steel Pipe History  |  Steel Pipe Valuation   PreviousNext  
Open Value
282.0
278.97
Downside
286.0
Closing Value
285.03
Upside

Steel Pipe Trading Date Momentum on November 18, 2024

On November 19 2024 Steel Pipe Industry was traded for  288.00  at the closing time. The highest price during the trading period was 290.00  and the lowest recorded bid was listed for  284.00 . The volume for the day was 478 K. This history from November 19, 2024 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 0.70% . The trading price change to the current price is 0.00% .

Steel Pipe Industry Fundamentals Correlations and Trends

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

About Steel Pipe Stock history

Steel Pipe 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 Steel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Steel Pipe Industry 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 Steel Pipe stock prices may prove useful in developing a viable investing in Steel Pipe

Steel Pipe Stock Technical Analysis

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

Steel Pipe Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Steel Pipe Industry cannot be verified against its exchange. Please verify the symbol is currently traded on Jakarta 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.

Steel Pipe December 11, 2024 Market Strength

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

Steel Pipe Technical and Predictive Indicators

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

Steel Pipe financial ratios help investors to determine whether Steel 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 Steel with respect to the benefits of owning Steel Pipe security.