ArcelorMittal South (South Africa) Price on November 28, 2024

ACL Stock   88.00  20.00  29.41%   
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 88.00, as last reported on the 4th of March, with the highest price reaching 100.00 and the lowest price hitting 65.00 during the day. ArcelorMittal South secures Sharpe Ratio (or Efficiency) of -0.0965, which signifies that the company had a -0.0965 % return per unit of standard deviation over the last 3 months. ArcelorMittal South Africa exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ArcelorMittal South's risk adjusted performance of (0.10), and Mean Deviation of 3.51 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 = -0.0965

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

Estimated Market Risk

 6.64
  actual daily
59
59% of assets are less volatile

Expected Return

 -0.64
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.1
  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 November 28, 2024

It is possible to determine the worth of ArcelorMittal South on a given historical date. On November 28, 2024 ArcelorMittal was worth 128.0 at the beginning of the trading date compared to the closed value of 127.0. 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    128.00    120.00    124.00    163,140  
11/28/2024
  128.00    129.00    123.00    127.00    482,099  
  128.00    132.00    123.00    131.00    823,887  
Backtest ArcelorMittal South  |  ArcelorMittal South History  |  ArcelorMittal South Valuation   PreviousNext  
Open Value
128.0
108.07
Downside
127.0
Closing Value
147.93
Upside

ArcelorMittal South Trading Date Momentum on November 28, 2024

On November 29 2024 ArcelorMittal South Africa was traded for  131.00  at the closing time. The highest price during the trading period was 132.00  and the lowest recorded bid was listed for  123.00 . The volume for the day was 823.9 K. This history from November 29, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 3.15% . The overall trading delta to the current price is 8.66% .

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
March 4, 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 March 4, 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.
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Fundamental Analysis
View fundamental data based on most recent published financial statements
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges