Teamlease Services (India) Price on May 24, 2024
TEAMLEASE | 2,898 10.95 0.38% |
If you're considering investing in Teamlease Stock, it is important to understand the factors that can impact its price. As of today, the current price of Teamlease Services stands at 2,898, as last reported on the 29th of November, with the highest price reaching 2,920 and the lowest price hitting 2,836 during the day. Teamlease Services owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0784, which indicates the firm had a -0.0784% return per unit of risk over the last 3 months. Teamlease Services Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teamlease Services' Risk Adjusted Performance of (0.05), coefficient of variation of (1,276), and Variance of 3.03 to confirm the risk estimate we provide.
Teamlease Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Teamlease |
Sharpe Ratio = -0.0784
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Estimated Market Risk
1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Teamlease Services 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 Teamlease Services by adding Teamlease Services to a well-diversified portfolio.
Teamlease Services Valuation on May 24, 2024
It is possible to determine the worth of Teamlease Services on a given historical date. On May 24, 2024 Teamlease was worth 3202.0 at the beginning of the trading date compared to the closed value of 3013.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Teamlease Services stock. Still, in general, we apply an absolute valuation method to find Teamlease Services' 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 Teamlease Services where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Teamlease Services' related companies.
Open | High | Low | Close | Volume | |
3,524 | 3,525 | 3,153 | 3,185 | 89,083 | |
05/24/2024 | 3,202 | 3,202 | 2,990 | 3,014 | 61,085 |
3,039 | 3,044 | 2,941 | 2,956 | 39,129 |
Backtest Teamlease Services | | | Teamlease Services History | | | Teamlease Services Valuation | Previous | Next |
Teamlease Services Trading Date Momentum on May 24, 2024
On May 27 2024 Teamlease Services Limited was traded for 2,956 at the closing time. The highest price during the trading period was 3,044 and the lowest recorded bid was listed for 2,941 . The volume for the day was 39.1 K. This history from May 27, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.90% . The trading price change to the current price is 2.12% . |
Teamlease Services Fundamentals Correlations and Trends
By evaluating Teamlease Services' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Teamlease Services' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Teamlease financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Teamlease Services Stock history
Teamlease Services 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 Teamlease is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Teamlease Services 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 Teamlease Services stock prices may prove useful in developing a viable investing in Teamlease Services
Teamlease Services Stock Technical Analysis
Teamlease Services 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
Teamlease Services Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Teamlease Services 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.
Teamlease Services November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Teamlease Services stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Teamlease Services shares will generate the highest return on investment. By undertsting and applying Teamlease Services stock market strength indicators, traders can identify Teamlease Services Limited entry and exit signals to maximize returns
Teamlease Services Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Teamlease Services' price direction in advance. Along with the technical and fundamental analysis of Teamlease Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Teamlease 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 | (0.05) | |||
Jensen Alpha | (0.24) | |||
Total Risk Alpha | (0.44) | |||
Treynor Ratio | (0.21) |
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Volume Indicators |
Complementary Tools for Teamlease Stock analysis
When running Teamlease Services' price analysis, check to measure Teamlease Services' 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 Teamlease Services is operating at the current time. Most of Teamlease Services' value examination focuses on studying past and present price action to predict the probability of Teamlease Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teamlease Services' price. Additionally, you may evaluate how the addition of Teamlease Services to your portfolios can decrease your overall portfolio volatility.
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