Manaksia Steels (India) Price on September 3, 2024
| MANAKSTEEL | 61.17 1.94 3.28% |
Below is the normalized historical share price chart for Manaksia Steels Limited extending back to March 30, 2015. 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 Manaksia Steels stands at 61.17, as last reported on the 23rd of November, with the highest price reaching 61.96 and the lowest price hitting 59.73 during the day.
If you're considering investing in Manaksia Stock, it is important to understand the factors that can impact its price. Currently, Manaksia Steels Limited is very steady. Manaksia Steels has Sharpe Ratio of 0.05, which conveys that the firm had a 0.05% return per unit of risk over the last 3 months. We have found thirty technical indicators for Manaksia Steels, which you can use to evaluate the volatility of the firm. Please verify Manaksia Steels' Risk Adjusted Performance of 0.067, mean deviation of 2.13, and Downside Deviation of 2.29 to check out if the risk estimate we provide is consistent with the expected return of 0.15%.
Total Stockholder Equity is likely to drop to about 2.1 B in 2024. Common Stock Shares Outstanding is likely to drop to about 63.1 M in 2024. Manaksia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 61.0337 | 50 Day MA 65.9464 | Beta 0.919 |
Manaksia |
Sharpe Ratio = 0.05
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Estimated Market Risk
| 3.08 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Manaksia Steels is performing at about 3% of its full potential. 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 Manaksia Steels by adding it to a well-diversified portfolio.
Price Book 1.2951 | Book Value 45.845 | Enterprise Value 4.6 B | Enterprise Value Ebitda 14.015 | Price Sales 0.6383 |
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Manaksia Steels Valuation on September 3, 2024
It is possible to determine the worth of Manaksia Steels on a given historical date. On September 3, 2024 Manaksia was worth 55.94 at the beginning of the trading date compared to the closed value of 54.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Manaksia Steels stock. Still, in general, we apply an absolute valuation method to find Manaksia Steels' 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 Manaksia Steels where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Manaksia Steels' related companies.
| Open | High | Low | Close | Volume | |
| 55.71 | 56.99 | 55.01 | 55.47 | 60,125 | |
09/03/2024 | 55.94 | 55.99 | 53.15 | 54.00 | 54,094 |
| 54.50 | 55.46 | 53.96 | 54.06 | 36,688 |
| Backtest Manaksia Steels | | | Manaksia Steels History | | | Manaksia Steels Valuation | Previous | Next |
Manaksia Steels Trading Date Momentum on September 3, 2024
| On September 04 2024 Manaksia Steels Limited was traded for 54.06 at the closing time. The highest price during the trading period was 55.46 and the lowest recorded bid was listed for 53.96 . The volume for the day was 36.7 K. This history from September 4, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 0.11% . The trading delta at closing time to the current price is 0.26% . |
Manaksia Steels Fundamentals Correlations and Trends
By evaluating Manaksia Steels' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Manaksia Steels' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Manaksia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Manaksia Steels Stock history
Manaksia Steels 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 Manaksia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Manaksia Steels 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 Manaksia Steels stock prices may prove useful in developing a viable investing in Manaksia Steels
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 65.6 M | 63.1 M | |
| Net Income Applicable To Common Shares | 140.1 M | 165.8 M |
Manaksia Steels Quarterly Net Working Capital |
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Manaksia Steels Stock Technical Analysis
Manaksia Steels 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
Manaksia Steels Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Manaksia Steels 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.
Manaksia Steels November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Manaksia Steels stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Manaksia Steels shares will generate the highest return on investment. By undertsting and applying Manaksia Steels stock market strength indicators, traders can identify Manaksia Steels Limited entry and exit signals to maximize returns
Manaksia Steels Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Manaksia Steels' price direction in advance. Along with the technical and fundamental analysis of Manaksia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Manaksia 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 | 0.067 | |||
| Jensen Alpha | 0.1937 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0469 | |||
| Treynor Ratio | 0.7972 |
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Additional Tools for Manaksia Stock Analysis
When running Manaksia Steels' price analysis, check to measure Manaksia Steels' 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 Manaksia Steels is operating at the current time. Most of Manaksia Steels' value examination focuses on studying past and present price action to predict the probability of Manaksia Steels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manaksia Steels' price. Additionally, you may evaluate how the addition of Manaksia Steels to your portfolios can decrease your overall portfolio volatility.