Rio Tinto (Argentina) Price on November 29, 2024
RIO Stock | 8,790 130.00 1.50% |
If you're considering investing in Rio Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rio Tinto stands at 8,790, as last reported on the 1st of December, with the highest price reaching 8,800 and the lowest price hitting 8,440 during the day. Rio Tinto PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Rio Tinto PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rio Tinto's Coefficient Of Variation of (890.97), variance of 3.23, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide.
Rio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rio |
Sharpe Ratio = -0.1227
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Estimated Market Risk
1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rio Tinto 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 Rio Tinto by adding Rio Tinto to a well-diversified portfolio.
Rio Tinto Valuation on November 29, 2024
It is possible to determine the worth of Rio Tinto on a given historical date. On November 29, 2024 Rio was worth 8680.0 at the beginning of the trading date compared to the closed value of 8790.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rio Tinto stock. Still, in general, we apply an absolute valuation method to find Rio Tinto'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 Rio Tinto where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rio Tinto's related companies.
Open | High | Low | Close | Volume | |
8,630 | 8,890 | 8,430 | 8,660 | 1,293 | |
11/29/2024 | 8,680 | 8,800 | 8,440 | 8,790 | 35,228 |
8,680 | 8,800 | 8,440 | 8,790 | 0.00 |
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Rio Tinto Trading Date Momentum on November 29, 2024
On December 01 2024 Rio Tinto PLC was traded for 8,790 at the closing time. The maximum traded price for the trading interval was 8,800 and the lowest daily price was 8,440 . There was no trading activity during the period 0.0. Lack of trading volume on 1st of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 1.25% . |
Rio Tinto PLC Fundamentals Correlations and Trends
By evaluating Rio Tinto'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 Rio Tinto's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rio financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rio Tinto Stock history
Rio Tinto 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 Rio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rio Tinto PLC 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 Rio Tinto stock prices may prove useful in developing a viable investing in Rio Tinto
Rio Tinto Stock Technical Analysis
Rio Tinto 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
Rio Tinto Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Rio Tinto PLC cannot be verified against its exchange. Please verify the symbol is currently traded on Buenos Aires Exchange. 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.
Rio Tinto December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Rio Tinto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rio Tinto shares will generate the highest return on investment. By undertsting and applying Rio Tinto stock market strength indicators, traders can identify Rio Tinto PLC entry and exit signals to maximize returns
Rio Tinto Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rio Tinto's price direction in advance. Along with the technical and fundamental analysis of Rio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rio 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 | (0.08) | |||
Jensen Alpha | (0.21) | |||
Total Risk Alpha | (0.51) | |||
Treynor Ratio | 6.02 |
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Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
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Volume Indicators |
Complementary Tools for Rio Stock analysis
When running Rio Tinto's price analysis, check to measure Rio Tinto'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 Rio Tinto is operating at the current time. Most of Rio Tinto's value examination focuses on studying past and present price action to predict the probability of Rio Tinto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio Tinto's price. Additionally, you may evaluate how the addition of Rio Tinto to your portfolios can decrease your overall portfolio volatility.
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