Moonbae Steel (Korea) Price on December 20, 2024

008420 Stock   2,320  60.00  2.65%   
If you're considering investing in Moonbae Stock, it is important to understand the factors that can impact its price. As of today, the current price of Moonbae Steel stands at 2,320, as last reported on the 2nd of January, with the highest price reaching 2,320 and the lowest price hitting 2,255 during the day. Moonbae Steel has Sharpe Ratio of -0.0143, which conveys that the firm had a -0.0143% return per unit of risk over the last 3 months. Moonbae Steel exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Moonbae Steel's Mean Deviation of 1.88, downside deviation of 2.99, and Risk Adjusted Performance of 0.0085 to check out the risk estimate we provide.
  
Moonbae Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0143

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Estimated Market Risk

 2.82
  actual daily
25
75% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Moonbae Steel 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 Moonbae Steel by adding Moonbae Steel to a well-diversified portfolio.

Moonbae Steel Valuation on December 20, 2024

It is possible to determine the worth of Moonbae Steel on a given historical date. On December 20, 2024 Moonbae was worth 2300.0 at the beginning of the trading date compared to the closed value of 2340.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Moonbae Steel stock. Still, in general, we apply an absolute valuation method to find Moonbae 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 Moonbae Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Moonbae Steel's related companies.
 Open High Low Close Volume
  2,330    2,330    2,300    2,325    4,172  
12/20/2024
  2,300    2,340    2,255    2,340    35,597  
  2,310    2,340    2,310    2,340    11,912  
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Open Value
2300.0
2340.0
Closing Value
2,308
Upside

Moonbae Steel Trading Date Momentum on December 20, 2024

On December 23 2024 Moonbae Steel was traded for  2,340  at the closing time. The highest price during the trading period was 2,340  and the lowest recorded bid was listed for  2,310 . The volume for the day was 11.9 K. This history from December 23, 2024 did not cause price change. The trading delta at closing time to the current price is 3.42% .

Moonbae Steel Fundamentals Correlations and Trends

By evaluating Moonbae 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 Moonbae Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Moonbae financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Moonbae Steel Stock history

Moonbae 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 Moonbae is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Moonbae Steel 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 Moonbae Steel stock prices may prove useful in developing a viable investing in Moonbae Steel

Moonbae Steel Stock Technical Analysis

Moonbae 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.
A focus of Moonbae Steel technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Moonbae Steel trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Moonbae Steel Period Price Range

Low
January 2, 2025
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High

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Moonbae Steel cannot be verified against its exchange. Please verify the symbol is currently traded on Korea Stock 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.

Moonbae Steel January 2, 2025 Market Strength

Market strength indicators help investors to evaluate how Moonbae 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 Moonbae Steel shares will generate the highest return on investment. By undertsting and applying Moonbae Steel stock market strength indicators, traders can identify Moonbae Steel entry and exit signals to maximize returns

Moonbae Steel Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Moonbae Steel's price direction in advance. Along with the technical and fundamental analysis of Moonbae Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Moonbae 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.

Complementary Tools for Moonbae Stock analysis

When running Moonbae Steel's price analysis, check to measure Moonbae 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 Moonbae Steel is operating at the current time. Most of Moonbae Steel's value examination focuses on studying past and present price action to predict the probability of Moonbae 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 Moonbae Steel's price. Additionally, you may evaluate how the addition of Moonbae Steel to your portfolios can decrease your overall portfolio volatility.
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