SAL Steel (India) Price on August 9, 2024
| SALSTEEL | 24.28 0.16 0.66% |
Below is the normalized historical share price chart for SAL Steel Limited extending back to November 24, 2004. 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 SAL Steel stands at 24.28, as last reported on the 30th of November, with the highest price reaching 24.59 and the lowest price hitting 23.99 during the day.
If you're considering investing in SAL Stock, it is important to understand the factors that can impact its price. SAL Steel appears to be not too volatile, given 3 months investment horizon. SAL Steel Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0593, which indicates the company had a 0.0593% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for SAL Steel Limited, which you can use to evaluate the volatility of the entity. Please review SAL Steel's Market Risk Adjusted Performance of 0.2147, risk adjusted performance of 0.0507, and Downside Deviation of 3.22 to confirm if our risk estimates are consistent with your expectations.
At present, SAL Steel's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 934.6 M, whereas Liabilities And Stockholders Equity is forecasted to decline to about 2.8 B. . SAL Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 22.4635 | 50 Day MA 26.2154 | Beta 0.562 |
SAL |
Sharpe Ratio = 0.0593
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Estimated Market Risk
| 3.46 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average SAL Steel is performing at about 4% 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 SAL Steel by adding it to a well-diversified portfolio.
Price Book 4.5281 | Book Value 4.946 | Enterprise Value 3.3 B | Enterprise Value Ebitda 14.0711 | Price Sales 0.3863 |
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SAL Steel Valuation on August 9, 2024
It is possible to determine the worth of SAL Steel on a given historical date. On August 9, 2024 SAL was worth 19.88 at the beginning of the trading date compared to the closed value of 20.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SAL Steel stock. Still, in general, we apply an absolute valuation method to find SAL Steel'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 SAL Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SAL Steel's related companies.
| Open | High | Low | Close | Volume | |
| 20.29 | 20.30 | 19.90 | 19.90 | 53,322 | |
08/09/2024 | 19.88 | 20.15 | 19.86 | 20.15 | 40,646 |
| 20.55 | 20.55 | 19.25 | 19.39 | 107,568 |
| Backtest SAL Steel | | | SAL Steel History | | | SAL Steel Valuation | Previous | Next |
SAL Steel Trading Date Momentum on August 9, 2024
| On August 12 2024 SAL Steel Limited was traded for 19.39 at the closing time. The highest price during the trading period was 20.55 and the lowest recorded bid was listed for 19.25 . The volume for the day was 107.6 K. This history from August 12, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 3.77% . The trading price change to the current price is 3.47% . |
SAL Steel Limited Fundamentals Correlations and Trends
By evaluating SAL Steel'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 SAL Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SAL financial account trend analysis is a perfect complement when working with valuation or volatility modules.About SAL Steel Stock history
SAL Steel 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 SAL is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SAL Steel 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 SAL Steel stock prices may prove useful in developing a viable investing in SAL Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 76.5 M | 68.2 M | |
| Net Income Applicable To Common Shares | 40.7 M | 42.7 M |
SAL Steel Stock Technical Analysis
SAL Steel 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
SAL Steel Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
SAL Steel 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.
SAL Steel November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how SAL Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SAL Steel shares will generate the highest return on investment. By undertsting and applying SAL Steel stock market strength indicators, traders can identify SAL Steel Limited entry and exit signals to maximize returns
SAL Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SAL Steel's price direction in advance. Along with the technical and fundamental analysis of SAL Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SAL 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 | 0.0507 | |||
| Jensen Alpha | 0.069 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0173 | |||
| Treynor Ratio | 0.2047 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for SAL Stock analysis
When running SAL Steel's price analysis, check to measure SAL Steel'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 SAL Steel is operating at the current time. Most of SAL Steel's value examination focuses on studying past and present price action to predict the probability of SAL Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SAL Steel's price. Additionally, you may evaluate how the addition of SAL Steel to your portfolios can decrease your overall portfolio volatility.
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