NELCO (India) Price on August 23, 2024
NELCO Stock | 1,464 85.05 6.17% |
If you're considering investing in NELCO Stock, it is important to understand the factors that can impact its price. As of today, the current price of NELCO stands at 1,464, as last reported on the 12th of December 2024, with the highest price reaching 1,495 and the lowest price hitting 1,360 during the day. NELCO appears to be very steady, given 3 months investment horizon. NELCO Limited has Sharpe Ratio of 0.0888, which conveys that the firm had a 0.0888% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NELCO, which you can use to evaluate the volatility of the firm. Please exercise NELCO's risk adjusted performance of 0.0727, and Mean Deviation of 2.7 to check out if our risk estimates are consistent with your expectations.
NELCO Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NELCO |
Sharpe Ratio = 0.0888
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Estimated Market Risk
3.89 actual daily | 34 66% of assets are more volatile |
Expected Return
0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average NELCO is performing at about 6% 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 NELCO by adding it to a well-diversified portfolio.
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NELCO Valuation on August 23, 2024
It is possible to determine the worth of NELCO on a given historical date. On August 23, 2024 NELCO was worth 1167.95 at the beginning of the trading date compared to the closed value of 1138.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NELCO stock. Still, in general, we apply an absolute valuation method to find NELCO'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 NELCO where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NELCO's related companies.
Open | High | Low | Close | Volume | |
1,175 | 1,219 | 1,087 | 1,171 | 2,867,305 | |
08/23/2024 | 1,168 | 1,184 | 1,128 | 1,138 | 448,401 |
1,138 | 1,168 | 1,116 | 1,125 | 217,925 |
Backtest NELCO | | | NELCO History | | | NELCO Valuation | Previous | Next |
NELCO Trading Date Momentum on August 23, 2024
On August 26 2024 NELCO Limited was traded for 1,125 at the closing time. The highest price during the trading period was 1,168 and the lowest recorded bid was listed for 1,116 . The volume for the day was 217.9 K. This history from August 26, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.13% . The trading delta at closing time to the current price is 8.30% . |
NELCO Limited Fundamentals Correlations and Trends
By evaluating NELCO'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 NELCO's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NELCO financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NELCO Stock history
NELCO 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 NELCO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NELCO Limited 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 NELCO stock prices may prove useful in developing a viable investing in NELCO
NELCO Stock Technical Analysis
NELCO 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
NELCO Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
NELCO 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.
NELCO December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how NELCO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NELCO shares will generate the highest return on investment. By undertsting and applying NELCO stock market strength indicators, traders can identify NELCO Limited entry and exit signals to maximize returns
NELCO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NELCO's price direction in advance. Along with the technical and fundamental analysis of NELCO Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NELCO 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 | 0.0727 | |||
Jensen Alpha | 0.2018 | |||
Total Risk Alpha | (0.21) | |||
Sortino Ratio | 0.0792 | |||
Treynor Ratio | 0.2553 |
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Other Information on Investing in NELCO Stock
NELCO financial ratios help investors to determine whether NELCO 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 NELCO with respect to the benefits of owning NELCO security.