Beco Steel (Pakistan) Price on June 20, 2024
| BECO Stock | 8.41 0.34 4.21% |
If you're considering investing in Beco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Beco Steel stands at 8.41, as last reported on the 14th of December 2024, with the highest price reaching 8.59 and the lowest price hitting 8.06 during the day. Beco Steel appears to be slightly risky, given 3 months investment horizon. Beco Steel secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. By analyzing Beco Steel's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Beco Steel's mean deviation of 3.1, and Risk Adjusted Performance of 0.0904 to double-check if our risk estimates are consistent with your expectations.
Beco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Beco |
Sharpe Ratio = 0.1235
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Estimated Market Risk
| 4.45 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Beco Steel is performing at about 9% 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 Beco Steel by adding it to a well-diversified portfolio.
Beco Steel Valuation on June 20, 2024
It is possible to determine the worth of Beco Steel on a given historical date. On June 20, 2024 Beco was worth 6.42 at the beginning of the trading date compared to the closed value of 6.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Beco Steel stock. Still, in general, we apply an absolute valuation method to find Beco 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 Beco Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Beco Steel's related companies.
| Open | High | Low | Close | Volume | |
| 6.45 | 6.75 | 6.36 | 6.42 | 68,484 | |
06/20/2024 | 6.42 | 6.42 | 6.11 | 6.20 | 48,206 |
| 6.35 | 6.70 | 6.15 | 6.25 | 33,571 |
| Backtest Beco Steel | | | Beco Steel History | Previous | Next |
Beco Steel Trading Date Momentum on June 20, 2024
| On June 21 2024 Beco Steel was traded for 6.25 at the closing time. The highest price during the trading period was 6.70 and the lowest recorded bid was listed for 6.15 . The volume for the day was 33.6 K. This history from June 21, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.81% . The overall trading delta to the current price is 0.00% . |
Price Boundaries
Beco Steel Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
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Beco Steel December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Beco 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 Beco Steel shares will generate the highest return on investment. By undertsting and applying Beco Steel stock market strength indicators, traders can identify Beco Steel entry and exit signals to maximize returns
Beco Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Beco Steel's price direction in advance. Along with the technical and fundamental analysis of Beco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Beco 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 | 0.0904 | |||
| Jensen Alpha | 0.4735 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1095 | |||
| Treynor Ratio | 3.07 |
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| Volume Indicators |
Complementary Tools for Beco Stock analysis
When running Beco Steel's price analysis, check to measure Beco 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 Beco Steel is operating at the current time. Most of Beco Steel's value examination focuses on studying past and present price action to predict the probability of Beco 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 Beco Steel's price. Additionally, you may evaluate how the addition of Beco Steel to your portfolios can decrease your overall portfolio volatility.
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