Rajnandini Metal (India) Price on November 6, 2024
| RAJMET Stock | 9.31 0.09 0.98% |
Below is the normalized historical share price chart for Rajnandini Metal Limited extending back to October 23, 2018. 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 Rajnandini Metal stands at 9.31, as last reported on the 27th of November, with the highest price reaching 9.45 and the lowest price hitting 9.24 during the day.
If you're considering investing in Rajnandini Stock, it is important to understand the factors that can impact its price. Rajnandini Metal maintains Sharpe Ratio (i.e., Efficiency) of -0.24, which implies the firm had a -0.24% return per unit of risk over the last 3 months. Rajnandini Metal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rajnandini Metal's Variance of 2.95, risk adjusted performance of (0.18), and Coefficient Of Variation of (413.73) to confirm the risk estimate we provide.
At present, Rajnandini Metal's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 1.7 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 204.6 M. . Rajnandini Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 11.4712 | 50 Day MA 10.0566 | Beta (0.31) |
Rajnandini |
Sharpe Ratio = -0.2443
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| Negative Returns | RAJMET |
Estimated Market Risk
| 1.75 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.43 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.24 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rajnandini Metal 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 Rajnandini Metal by adding Rajnandini Metal to a well-diversified portfolio.
Price Book 4.5389 | Book Value 1.956 | Enterprise Value 3.6 B | Enterprise Value Ebitda 11.9204 | Price Sales 0.2074 |
Rajnandini Metal Valuation on November 6, 2024
It is possible to determine the worth of Rajnandini Metal on a given historical date. On November 6, 2024 Rajnandini was worth 10.25 at the beginning of the trading date compared to the closed value of 10.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rajnandini Metal stock. Still, in general, we apply an absolute valuation method to find Rajnandini Metal'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 Rajnandini Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rajnandini Metal's related companies.
| Open | High | Low | Close | Volume | |
| 10.12 | 10.19 | 10.03 | 10.10 | 576,787 | |
11/06/2024 | 10.25 | 10.27 | 10.06 | 10.19 | 729,561 |
| 10.28 | 10.28 | 10.09 | 10.14 | 544,031 |
| Backtest Rajnandini Metal | | | Rajnandini Metal History | | | Rajnandini Metal Valuation | Previous | Next |
Rajnandini Metal Trading Date Momentum on November 6, 2024
| On November 07 2024 Rajnandini Metal Limited was traded for 10.14 at the closing time. The highest price during the trading period was 10.28 and the lowest recorded bid was listed for 10.09 . The volume for the day was 544 K. This history from November 7, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.49% . The trading delta at closing time to the current price is 4.91% . |
Rajnandini Metal Fundamentals Correlations and Trends
By evaluating Rajnandini Metal'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 Rajnandini Metal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rajnandini financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rajnandini Metal Stock history
Rajnandini Metal 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 Rajnandini is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rajnandini Metal 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 Rajnandini Metal stock prices may prove useful in developing a viable investing in Rajnandini Metal
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 276.5 M | 204.6 M | |
| Net Income Applicable To Common Shares | 157.3 M | 165.2 M |
Rajnandini Metal Quarterly Net Working Capital |
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Rajnandini Metal Stock Technical Analysis
Rajnandini Metal 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
Rajnandini Metal Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Rajnandini Metal 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.
Rajnandini Metal November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Rajnandini Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rajnandini Metal shares will generate the highest return on investment. By undertsting and applying Rajnandini Metal stock market strength indicators, traders can identify Rajnandini Metal Limited entry and exit signals to maximize returns
Rajnandini Metal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rajnandini Metal's price direction in advance. Along with the technical and fundamental analysis of Rajnandini Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rajnandini 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 | (0.18) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 18.32 |
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| Volume Indicators |
Complementary Tools for Rajnandini Stock analysis
When running Rajnandini Metal's price analysis, check to measure Rajnandini Metal's 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 Rajnandini Metal is operating at the current time. Most of Rajnandini Metal's value examination focuses on studying past and present price action to predict the probability of Rajnandini Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rajnandini Metal's price. Additionally, you may evaluate how the addition of Rajnandini Metal to your portfolios can decrease your overall portfolio volatility.
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