ArcelorMittal South (South Africa) Price on September 9, 2024

ACL Stock   109.00  41.00  27.33%   
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 109.00, as last reported on the 7th of January, with the highest price reaching 146.00 and the lowest price hitting 95.00 during the day. ArcelorMittal South secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. ArcelorMittal South Africa exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ArcelorMittal South's risk adjusted performance of 0.065, and Mean Deviation of 3.96 to double-check the risk estimate we provide.
  
ArcelorMittal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1119

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Estimated Market Risk

 6.4
  actual daily
56
56% of assets are less volatile

Expected Return

 -0.72
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average ArcelorMittal South 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 ArcelorMittal South by adding ArcelorMittal South to a well-diversified portfolio.

ArcelorMittal South Valuation on September 9, 2024

It is possible to determine the worth of ArcelorMittal South on a given historical date. On September 9, 2024 ArcelorMittal was worth 129.0 at the beginning of the trading date compared to the closed value of 126.0. 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
  128.00    129.00    120.00    128.00    1,186,200  
09/09/2024
  129.00    130.00    122.00    126.00    55,673  
  126.00    126.00    120.00    121.00    315,154  
Backtest ArcelorMittal South  |  ArcelorMittal South History  |  ArcelorMittal South Valuation   PreviousNext  
Open Value
129.0
109.81
Downside
126.0
Closing Value
148.19
Upside

ArcelorMittal South Trading Date Momentum on September 9, 2024

On September 10 2024 ArcelorMittal South Africa was traded for  121.00  at the closing time. The highest price during the trading period was 126.00  and the lowest recorded bid was listed for  120.00 . The volume for the day was 315.2 K. This history from September 10, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 3.97% . The overall trading delta to the current price is 1.59% .

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
January 7, 2025
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 January 7, 2025 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.
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