Hindalco Industries (India) Price on December 4, 2024

HINDALCO   662.10  6.60  0.99%   
Below is the normalized historical share price chart for Hindalco Industries Limited extending back to January 01, 1996. 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 Hindalco Industries stands at 662.10, as last reported on the 15th of December 2024, with the highest price reaching 665.55 and the lowest price hitting 648.00 during the day.
200 Day MA
660.2098
50 Day MA
682.293
Beta
1.446
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Hindalco Stock, it is important to understand the factors that can impact its price. Hindalco Industries holds Efficiency (Sharpe) Ratio of -0.0188, which attests that the entity had a -0.0188% return per unit of risk over the last 3 months. Hindalco Industries exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hindalco Industries' Market Risk Adjusted Performance of 0.0682, risk adjusted performance of 0.0157, and Downside Deviation of 2.29 to validate the risk estimate we provide.
  
At present, Hindalco Industries' Other Stockholder Equity is projected to decrease significantly based on the last few years of reporting. The current year's Stock Based Compensation is expected to grow to about 598.5 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 2 B. . Hindalco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0188

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Negative ReturnsHINDALCO

Estimated Market Risk

 1.92
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Hindalco Industries 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 Hindalco Industries by adding Hindalco Industries to a well-diversified portfolio.
Price Book
1.276
Enterprise Value Ebitda
6.4083
Price Sales
0.656
Shares Float
1.4 B
Wall Street Target Price
740.2222

Hindalco Industries Valuation on December 4, 2024

It is possible to determine the worth of Hindalco Industries on a given historical date. On December 4, 2024 Hindalco was worth 667.55 at the beginning of the trading date compared to the closed value of 663.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hindalco Industries stock. Still, in general, we apply an absolute valuation method to find Hindalco Industries' 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 Hindalco Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hindalco Industries' related companies.
 Open High Low Close Volume
  665.40    669.60    657.00    667.55    3,306,465  
12/04/2024
  667.55    671.25    659.65    663.05    2,785,457  
  664.00    673.95    658.70    670.85    5,156,111  
Backtest Hindalco Industries  |  Hindalco Industries History  |  Hindalco Industries Valuation   PreviousNext  
Open Value
667.55
661.80
Downside
663.05
Closing Value
673.30
Upside

Hindalco Industries Trading Date Momentum on December 4, 2024

On December 05 2024 Hindalco Industries Limited was traded for  670.85  at the closing time. The highest price during the trading period was 673.95  and the lowest recorded bid was listed for  658.70 . The volume for the day was 5.2 M. This history from December 5, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 1.18% . The trading delta at closing time to the current price is 0.01% .

Hindalco Industries Fundamentals Correlations and Trends

By evaluating Hindalco Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hindalco Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hindalco financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Hindalco Industries Stock history

Hindalco Industries 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 Hindalco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hindalco Industries 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 Hindalco Industries stock prices may prove useful in developing a viable investing in Hindalco Industries
Last ReportedProjected for Next Year
Common Stock Shares Outstanding2.2 BB
Net Income Applicable To Common Shares116.1 B121.9 B

Hindalco Industries Quarterly Net Working Capital

229.92 Billion

Hindalco Industries Stock Technical Analysis

Hindalco Industries 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 Hindalco Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hindalco Industries 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

Hindalco Industries Period Price Range

Low
December 15, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Hindalco Industries Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. 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.

Hindalco Industries December 15, 2024 Market Strength

Market strength indicators help investors to evaluate how Hindalco Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hindalco Industries shares will generate the highest return on investment. By undertsting and applying Hindalco Industries stock market strength indicators, traders can identify Hindalco Industries Limited entry and exit signals to maximize returns

Hindalco Industries Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Hindalco Industries' price direction in advance. Along with the technical and fundamental analysis of Hindalco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hindalco 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 Hindalco Stock analysis

When running Hindalco Industries' price analysis, check to measure Hindalco Industries' 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 Hindalco Industries is operating at the current time. Most of Hindalco Industries' value examination focuses on studying past and present price action to predict the probability of Hindalco Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hindalco Industries' price. Additionally, you may evaluate how the addition of Hindalco Industries to your portfolios can decrease your overall portfolio volatility.
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