Steel Pipe (Indonesia) Price on November 21, 2024
| ISSP Stock | IDR 284.00 2.00 0.71% |
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 284.00, as last reported on the 30th of November, with the highest price reaching 286.00 and the lowest price hitting 282.00 during the day. Steel Pipe Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% 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 Variance of 0.9396, coefficient of variation of (703.79), and Risk Adjusted Performance of (0.11) 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.
Steel |
Sharpe Ratio = -0.1188
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Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 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 21, 2024
It is possible to determine the worth of Steel Pipe on a given historical date. On November 21, 2024 Steel was worth 284.0 at the beginning of the trading date compared to the closed value of 282.0. 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 | |
| 288.00 | 290.00 | 284.00 | 286.00 | 677,500 | |
11/21/2024 | 284.00 | 288.00 | 282.00 | 282.00 | 512,500 |
| 284.00 | 286.00 | 280.00 | 282.00 | 502,300 |
| Backtest Steel Pipe | | | Steel Pipe History | | | Steel Pipe Valuation | Previous | Next |
Steel Pipe Trading Date Momentum on November 21, 2024
| On November 22 2024 Steel Pipe Industry was traded for 282.00 at the closing time. The highest price during the trading period was 286.00 and the lowest recorded bid was listed for 280.00 . The volume for the day was 502.3 K. This history from November 22, 2024 did not result in any price rise and fall. The trading price change to the current price is 0.71% . |
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.
Price Boundaries
Steel Pipe Period Price Range
Low | November 30, 2024
| 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 November 30, 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.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 1.66 |
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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.