ArcelorMittal South (South Africa) Price on April 26, 2024

ACL Stock   127.00  8.00  5.93%   
If you're considering investing in ArcelorMittal Stock, it is important to understand the factors that can impact its price. As of today, the current price of ArcelorMittal South stands at 127.00, as last reported on the 15th of December 2024, with the highest price reaching 135.00 and the lowest price hitting 127.00 during the day. At this point, ArcelorMittal South is very steady. ArcelorMittal South secures Sharpe Ratio (or Efficiency) of 0.0324, which signifies that the company had a 0.0324% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for ArcelorMittal South Africa, which you can use to evaluate the volatility of the firm. Please confirm ArcelorMittal South's risk adjusted performance of 0.0415, and Mean Deviation of 3.87 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%.
  
ArcelorMittal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0324

Best PortfolioBest Equity
Good Returns
Average Returns
Small ReturnsACL
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 5.8
  actual daily
51
51% of assets are less volatile

Expected Return

 0.19
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.03
  actual daily
2
98% of assets perform better
Based on monthly moving average ArcelorMittal South is performing at about 2% 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 ArcelorMittal South by adding it to a well-diversified portfolio.

ArcelorMittal South Valuation on April 26, 2024

It is possible to determine the worth of ArcelorMittal South on a given historical date. On April 26, 2024 ArcelorMittal was worth 116.0 at the beginning of the trading date compared to the closed value of 120.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ArcelorMittal South stock. Still, in general, we apply an absolute valuation method to find ArcelorMittal South'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 ArcelorMittal South where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ArcelorMittal South's related companies.
 Open High Low Close Volume
  121.00    123.00    116.00    117.00    207,460  
04/26/2024
  116.00    124.00    116.00    120.00    155,718  
  120.00    123.00    115.00    120.00    215,555  
Backtest ArcelorMittal South  |  ArcelorMittal South History  |  ArcelorMittal South Valuation   PreviousNext  
Open Value
116.0
120.0
Closing Value
133.40
Upside

ArcelorMittal South Trading Date Momentum on April 26, 2024

On April 29 2024 ArcelorMittal South Africa was traded for  120.00  at the closing time. The highest price during the trading period was 123.00  and the lowest recorded bid was listed for  115.00 . The volume for the day was 215.6 K. This history from April 29, 2024 did not affect price variability. The overall trading delta to the current price is 0.00% .

ArcelorMittal South Fundamentals Correlations and Trends

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

About ArcelorMittal South Stock history

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

ArcelorMittal South Stock Technical Analysis

ArcelorMittal South 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 ArcelorMittal South technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ArcelorMittal South 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

ArcelorMittal South Period Price Range

Low
December 15, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

ArcelorMittal South Africa cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.

ArcelorMittal South December 15, 2024 Market Strength

Market strength indicators help investors to evaluate how ArcelorMittal South stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ArcelorMittal South shares will generate the highest return on investment. By undertsting and applying ArcelorMittal South stock market strength indicators, traders can identify ArcelorMittal South Africa entry and exit signals to maximize returns

ArcelorMittal South Technical and Predictive Indicators

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

When running ArcelorMittal South's price analysis, check to measure ArcelorMittal South'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 ArcelorMittal South is operating at the current time. Most of ArcelorMittal South's value examination focuses on studying past and present price action to predict the probability of ArcelorMittal South's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ArcelorMittal South's price. Additionally, you may evaluate how the addition of ArcelorMittal South to your portfolios can decrease your overall portfolio volatility.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Global Correlations
Find global opportunities by holding instruments from different markets
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities