ArcelorMittal (Germany) Price on November 8, 2023
| ARRD Stock | EUR 22.16 0.23 1.03% |
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 stands at 22.16, as last reported on the 22nd of December, with the highest price reaching 22.16 and the lowest price hitting 21.94 during the day. At this point, ArcelorMittal is very steady. ArcelorMittal SA secures Sharpe Ratio (or Efficiency) of 0.0464, which signifies that the company had a 0.0464% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ArcelorMittal SA, which you can use to evaluate the volatility of the firm. Please confirm ArcelorMittal's mean deviation of 1.45, and Risk Adjusted Performance of 0.0381 to double-check if the risk estimate we provide is consistent with the expected return of 0.0946%.
ArcelorMittal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ArcelorMittal |
Sharpe Ratio = 0.0464
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Estimated Market Risk
| 2.04 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average ArcelorMittal is performing at about 3% 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 by adding it to a well-diversified portfolio.
ArcelorMittal Valuation on November 8, 2023
It is possible to determine the worth of ArcelorMittal on a given historical date. On November 8, 2023 ArcelorMittal was worth 20.7 at the beginning of the trading date compared to the closed value of 20.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ArcelorMittal stock. Still, in general, we apply an absolute valuation method to find ArcelorMittal'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 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ArcelorMittal's related companies.
| Open | High | Low | Close | Volume | |
| 20.92 | 20.92 | 20.63 | 20.73 | 2,380 | |
11/08/2023 | 20.70 | 20.70 | 20.67 | 20.67 | 1,322 |
| 20.75 | 20.75 | 20.06 | 20.06 | 366.00 |
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ArcelorMittal Trading Date Momentum on November 8, 2023
| On November 09 2023 ArcelorMittal SA was traded for 20.06 at the closing time. The maximum traded price for the trading interval was 20.75 and the lowest daily price was 20.06 . The daily volume was recorded at 366. The volume of trading on 9th of November 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 2.95% . The overall trading delta to the closing price today is 3.48% . |
ArcelorMittal SA Fundamentals Correlations and Trends
By evaluating ArcelorMittal'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'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 Stock history
ArcelorMittal 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 SA 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 stock prices may prove useful in developing a viable investing in ArcelorMittal
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company was founded in 1976 and is headquartered in Luxembourg City, Luxembourg. ARCELORMITTAL operates under Steel classification in Germany and is traded on Frankfurt Stock Exchange. It employs 208583 people.
ArcelorMittal Stock Technical Analysis
ArcelorMittal 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
ArcelorMittal Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
ArcelorMittal SA cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how ArcelorMittal 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 shares will generate the highest return on investment. By undertsting and applying ArcelorMittal stock market strength indicators, traders can identify ArcelorMittal SA entry and exit signals to maximize returns
ArcelorMittal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ArcelorMittal'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.
| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0653 | |||
| Total Risk Alpha | 0.0153 | |||
| Sortino Ratio | 0.0268 | |||
| Treynor Ratio | 0.2238 |
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Complementary Tools for ArcelorMittal Stock analysis
When running ArcelorMittal's price analysis, check to measure ArcelorMittal'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 is operating at the current time. Most of ArcelorMittal's value examination focuses on studying past and present price action to predict the probability of ArcelorMittal'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's price. Additionally, you may evaluate how the addition of ArcelorMittal to your portfolios can decrease your overall portfolio volatility.
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