Jindal Stainless (India) Price on October 31, 2024
| JSL Stock | 683.20 14.20 2.04% |
Below is the normalized historical share price chart for Jindal Stainless Limited extending back to November 17, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Jindal Stainless stands at 683.20, as last reported on the 2nd of December, with the highest price reaching 698.65 and the lowest price hitting 676.00 during the day.
If you're considering investing in Jindal Stock, it is important to understand the factors that can impact its price. Jindal Stainless holds Efficiency (Sharpe) Ratio of -0.039, which attests that the entity had a -0.039% return per unit of risk over the last 3 months. Jindal Stainless exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jindal Stainless' Market Risk Adjusted Performance of (2.42), standard deviation of 2.32, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide.
At present, Jindal Stainless' Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 2 B, whereas Liabilities And Stockholders Equity is forecasted to decline to about 158.5 B. . Jindal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 726.697 | 50 Day MA 717.513 | Beta 1.114 |
Jindal |
Sharpe Ratio = -0.039
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | JSL |
Estimated Market Risk
| 1.96 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Jindal Stainless 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 Jindal Stainless by adding Jindal Stainless to a well-diversified portfolio.
Price Book 3.64 | Enterprise Value Ebitda 12.5878 | Price Sales 1.4828 | Shares Float 359.4 M | Dividend Share 2 |
Jindal Stainless Valuation on October 31, 2024
It is possible to determine the worth of Jindal Stainless on a given historical date. On October 31, 2024 Jindal was worth 680.0 at the beginning of the trading date compared to the closed value of 672.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Jindal Stainless stock. Still, in general, we apply an absolute valuation method to find Jindal Stainless' 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 Jindal Stainless where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Jindal Stainless' related companies.
| Open | High | Low | Close | Volume | |
| 677.05 | 692.15 | 673.00 | 682.00 | 706,980 | |
10/31/2024 | 680.00 | 689.00 | 671.80 | 672.30 | 304,839 |
| 678.00 | 684.15 | 675.30 | 681.00 | 41,185 |
| Backtest Jindal Stainless | | | Jindal Stainless History | | | Jindal Stainless Valuation | Previous | Next |
Jindal Stainless Trading Date Momentum on October 31, 2024
| On November 01 2024 Jindal Stainless Limited was traded for 681.00 at the closing time. The highest price during the trading period was 684.15 and the lowest recorded bid was listed for 675.30 . The volume for the day was 41.2 K. This history from November 1, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 1.29% . The trading delta at closing time to the current price is 5.65% . |
Jindal Stainless Fundamentals Correlations and Trends
By evaluating Jindal Stainless' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Jindal Stainless' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Jindal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Jindal Stainless Stock history
Jindal Stainless 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 Jindal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Jindal Stainless 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 Jindal Stainless stock prices may prove useful in developing a viable investing in Jindal Stainless
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 823.8 M | 624.9 M | |
| Net Income Applicable To Common Shares | 24.3 B | 25.5 B |
Jindal Stainless Stock Technical Analysis
Jindal Stainless 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
Jindal Stainless Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Jindal Stainless Limited 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.
Jindal Stainless December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Jindal Stainless stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jindal Stainless shares will generate the highest return on investment. By undertsting and applying Jindal Stainless stock market strength indicators, traders can identify Jindal Stainless Limited entry and exit signals to maximize returns
Jindal Stainless Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Jindal Stainless' price direction in advance. Along with the technical and fundamental analysis of Jindal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Jindal 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 | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (2.43) |
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| Volume Indicators |
Complementary Tools for Jindal Stock analysis
When running Jindal Stainless' price analysis, check to measure Jindal Stainless' 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 Jindal Stainless is operating at the current time. Most of Jindal Stainless' value examination focuses on studying past and present price action to predict the probability of Jindal Stainless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jindal Stainless' price. Additionally, you may evaluate how the addition of Jindal Stainless to your portfolios can decrease your overall portfolio volatility.
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