Patel Engineering (India) Price on September 30, 2024
| PATELENG | 53.21 0.10 0.19% |
Below is the normalized historical share price chart for Patel Engineering Limited extending back to February 24, 2005. 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 Patel Engineering stands at 53.21, as last reported on the 1st of December, with the highest price reaching 53.74 and the lowest price hitting 52.63 during the day.
If you're considering investing in Patel Stock, it is important to understand the factors that can impact its price. Patel Engineering maintains Sharpe Ratio (i.e., Efficiency) of -0.071, which implies the firm had a -0.071% return per unit of risk over the last 3 months. Patel Engineering exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Patel Engineering's Risk Adjusted Performance of 0.0023, coefficient of variation of (16,799), and Variance of 5.79 to confirm the risk estimate we provide.
At this time, Patel Engineering's Common Stock is very stable compared to the past year. As of the 1st of December 2024, Sale Purchase Of Stock is likely to grow to about 3.8 B, while Total Stockholder Equity is likely to drop about 19.7 B. . Patel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 58.3812 | 50 Day MA 53.2476 | Beta 1.167 |
Patel |
Sharpe Ratio = -0.071
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| Negative Returns | PATELENG |
Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Patel Engineering 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 Patel Engineering by adding Patel Engineering to a well-diversified portfolio.
Price Book 1.1791 | Enterprise Value Ebitda 6.0945 | Price Sales 0.9512 | Shares Float 466.5 M | Wall Street Target Price 80 |
Patel Engineering Valuation on September 30, 2024
It is possible to determine the worth of Patel Engineering on a given historical date. On September 30, 2024 Patel was worth 57.51 at the beginning of the trading date compared to the closed value of 57.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Patel Engineering stock. Still, in general, we apply an absolute valuation method to find Patel Engineering'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 Patel Engineering where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Patel Engineering's related companies.
| Open | High | Low | Close | Volume | |
| 57.87 | 58.44 | 57.75 | 57.96 | 2,699,620 | |
09/30/2024 | 57.51 | 58.11 | 56.80 | 57.00 | 3,884,582 |
| 56.99 | 57.80 | 56.25 | 56.89 | 5,605,896 |
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Patel Engineering Trading Date Momentum on September 30, 2024
| On October 01 2024 Patel Engineering Limited was traded for 56.89 at the closing time. The highest price during the trading period was 57.80 and the lowest recorded bid was listed for 56.25 . The volume for the day was 5.6 M. This history from October 1, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.19% . The trading delta at closing time to the current price is 2.19% . |
Patel Engineering Fundamentals Correlations and Trends
By evaluating Patel Engineering'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 Patel Engineering's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Patel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Patel Engineering Stock history
Patel Engineering 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 Patel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Patel Engineering 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 Patel Engineering stock prices may prove useful in developing a viable investing in Patel Engineering
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 866.7 M | 617 M | |
| Net Income Applicable To Common Shares | 2.1 B | 2.2 B |
Patel Engineering Quarterly Net Working Capital |
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Patel Engineering Stock Technical Analysis
Patel Engineering 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
Patel Engineering Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Patel Engineering 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.
Patel Engineering December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Patel Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patel Engineering shares will generate the highest return on investment. By undertsting and applying Patel Engineering stock market strength indicators, traders can identify Patel Engineering Limited entry and exit signals to maximize returns
Patel Engineering Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Patel Engineering's price direction in advance. Along with the technical and fundamental analysis of Patel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Patel 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 | 0.0023 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.07) |
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Other Information on Investing in Patel Stock
Patel Engineering financial ratios help investors to determine whether Patel 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 Patel with respect to the benefits of owning Patel Engineering security.