Cleveland Cliffs Stock Price on September 24, 2024
| CLF Stock | USD 12.83 0.38 3.05% |
Below is the normalized historical share price chart for Cleveland Cliffs extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cleveland Cliffs stands at 12.83, as last reported on the 2nd of December, with the highest price reaching 13.12 and the lowest price hitting 12.63 during the day.
If you're considering investing in Cleveland Stock, it is important to understand the factors that can impact its price. At this point, Cleveland Cliffs is not too volatile. Cleveland Cliffs secures Sharpe Ratio (or Efficiency) of 0.0417, which signifies that the company had a 0.0417% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Cleveland Cliffs, which you can use to evaluate the volatility of the firm. Please confirm Cleveland Cliffs' mean deviation of 2.61, and Risk Adjusted Performance of (0.0007) to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
At this time, Cleveland Cliffs' Liabilities And Stockholders Equity is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Other Stockholder Equity is estimated to increase to about 4.7 B, while Capital Stock is projected to decrease to roughly 61.1 M. . At this time, Cleveland Cliffs' Price To Free Cash Flows Ratio is most likely to slightly decrease in the upcoming years. The Cleveland Cliffs' current Price Cash Flow Ratio is estimated to increase to 9.10, while Price Book Value Ratio is projected to decrease to 1.19. Cleveland Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 5th of November 1987 | 200 Day MA 15.8189 | 50 Day MA 12.6832 | Beta 1.965 |
Cleveland |
Sharpe Ratio = 0.0417
| Best Portfolio | Best Equity | |||
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| Small Returns | CLF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.86 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Cleveland Cliffs 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 Cleveland Cliffs by adding it to a well-diversified portfolio.
Price Book 0.8972 | Enterprise Value Ebitda 13.2679 | Price Sales 0.3079 | Shares Float 484.7 M | Wall Street Target Price 14.6122 |
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Cleveland Cliffs Valuation on September 24, 2024
It is possible to determine the worth of Cleveland Cliffs on a given historical date. On September 24, 2024 Cleveland was worth 12.44 at the beginning of the trading date compared to the closed value of 12.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cleveland Cliffs stock. Still, in general, we apply an absolute valuation method to find Cleveland Cliffs' 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 Cleveland Cliffs where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cleveland Cliffs' related companies.
| Open | High | Low | Close | Volume | |
| 11.75 | 12.02 | 11.70 | 11.87 | 9,591,241 | |
09/24/2024 | 12.44 | 12.83 | 12.38 | 12.43 | 16,208,967 |
| 12.40 | 12.47 | 12.13 | 12.25 | 11,204,373 |
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Cleveland Cliffs Trading Date Momentum on September 24, 2024
| On September 25 2024 Cleveland Cliffs was traded for 12.25 at the closing time. Highest Cleveland Cliffs's price during the trading hours was 12.47 and the lowest price during the day was 12.13 . The net volume was 11.2 M. The overall trading history on the 25th of September contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.45% . The overall trading delta to current price is 4.42% . |
Cleveland Cliffs Fundamentals Correlations and Trends
By evaluating Cleveland Cliffs' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cleveland Cliffs' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cleveland financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cleveland Cliffs Stock history
Cleveland Cliffs 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 Cleveland is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cleveland Cliffs 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 Cleveland Cliffs stock prices may prove useful in developing a viable investing in Cleveland Cliffs
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 511 M | 536.5 M | |
| Net Income Applicable To Common Shares | 1.5 B | 1.6 B |
Cleveland Cliffs Quarterly Net Working Capital |
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Cleveland Cliffs Stock Technical Analysis
Cleveland Cliffs 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
Cleveland Cliffs Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Cleveland Cliffs cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Cleveland Cliffs December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Cleveland Cliffs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cleveland Cliffs shares will generate the highest return on investment. By undertsting and applying Cleveland Cliffs stock market strength indicators, traders can identify Cleveland Cliffs entry and exit signals to maximize returns
Cleveland Cliffs Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cleveland Cliffs' price direction in advance. Along with the technical and fundamental analysis of Cleveland Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cleveland 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 | (0.0007) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.02) |
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| Statistic Functions | ||
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| Volume Indicators |
Complementary Tools for Cleveland Stock analysis
When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' 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 Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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